The main application of calcium aluminate cement in building chemistry is in self-leveling toppings, sealers, non-shrink grouts, repair mortars, bedding mortars, and other materials. The need for calcium aluminate cement will be fueled by rising industrialization, rising population, rapid urbanization, and strong economic development, which are the main drivers of regional construction industry growth.
Monocalcium aluminate is the primary active component in calcium aluminate cements. It typically includes several less reactive phases resulting from impurities in the raw materials, along with other calcium aluminates. Depending on the application and the purity of the source used for the aluminum, a somewhat wide range of compositions are encountered. The globalization-related rise in the need for meetings and conventions, which has boosted the demand for meeting space globally, is another factor driving market growth.
According to Business Research Insights, the market for calcium aluminate cement was valued at USD 1.3106 billion in 2022 and is projected to reach a valuation of USD 1.6583 billion by 2028 with a CAGR of 4.0%. The market has leading players; Almatis, Kerneos, Zhengzhou Dengfeng Smelting Materials, Calucem, U.S. Electrofused Minerals, Shree Harikrushna Industries, Cimsa, Fengrun Metallurgy.
Increased Board Meetings to Help the Industry During the Pandemic
The COVID-19 has had a significant impact on our economy, investments, communities, and global health. The current COVID-19 pandemic has severely disrupted business operations in all sectors of society. Regulators from all around the world have reacted to this disruption by taking a variety of steps to ensure company continuity, including extending statutory limitation periods, providing relief to startups, and issuing warnings to employers not to fire their employees. Many board meetings were held regarding the pandemic which helped the aluminate cement industry to survive.
Business Research Insights States Top 5 Calcium Aluminate Cement Companies-
1. Almatis (Germany)
Almatis is the world leader in the development, production, and supply of premium alumina and alumina-based products and has more than 100 years of experience in the field. With sixteen carefully chosen sales, manufacturing, and research locations, Almatis is a fully integrated, international producer.
2. Kerneos (France)
Worldwide, Kerneos SA offers specialist products made from calcium aluminate for use in the refractory, building chemistry, civil engineering, mining, pipelines, and wastewater areas. The business is headquartered in Neuilly Sur Seine, France, and was established in 1973. It has application laboratories in Brazil, India, South Africa, and the Russian Federation, as well as regional development laboratories in North America, China, and both of those continents. Operating as a division of Materis Corporate Services SAS is Kerneos SA.
3. Cimsa (Turkey)
Operating in the Turkish cement sector is Cimsa. The company operates five facilities where ready-mixed concrete or cement is produced. In addition to grey cement, it also produces specialised goods like white cement and calcium aluminate cement.
4. Calucem (U.S.)
Manufacturing, commercial, and research & development facilities are all part of Calucem's calcium aluminate cement business. Calucem is a Specialty Cement producer and has been in Calcium Aluminate Cement for around 100 years.
5. Elfusa (Brazil)
More than 20 different product categories are produced and traded by the mineral transformation sector known as Elfusa for use in the ceramic, abrasive, and refractory industries. more quality reading. Today, Elfusa is a fully owned Brazilian firm with agents in the following countries: Israel, Taiwan, Spain, Thailand, Korea, Argentina, Colombia, and Mexico. Over 30 nations receive over 40% of the company's exports.
Increase in Demand for Conventions to Pose Opportunity
The market for calcium aluminate cement is expanding as a result of a trend away from traditional meetings and toward more interactive ones that call for more space than traditional conference rooms can offer. Finally, the market is expanding as a result of event planners' increased attention to sustainable methods. The market is expanding as a result of the rise in the number of people who travel for both leisure and business.