CALCIUM ALUMINATE CEMENT MARKET REPORT OVERVIEW
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The global calcium aluminate cement market size was USD 1,310.6 million in 2022 and is expected to reach USD 1865.36 million in 2031, exhibiting a CAGR of 4.0% during the forecast period.
Calcium aluminate cement is molded cement after the grouping of limestone and Calcium aluminates. They are acquired by the reaction at a high temperature of lime and alumina. The product achieved once cooling is a hard mineral: calcium aluminate clinker. It is used in monolithic refractory goods with advanced features and fitting systems such as low cement, ultra-low cement, high-density, pumpable, low moisture, self-flowing, & shotcrete castables.
The increasing demand for monolithic refractory will be one of the main aspects enhancing market demand. Refractories are heat-resistant resources consisting of coatings for devices and high-temperature heaters. They are mainly used in the iron & steel business. The growing demand for iron & steel will enhance refractory consumption. The majority of the monolithic preparations have a binder stage, fine filler materials, and big refractory particulates.
COVID-19 Impact: Halt on Production and Supply Chain Disruption to Impede Sales.
The global COVID-19 pandemic has been unprecedented and staggering, with calcium aluminate cement experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the calcium aluminate cement market growth and demand returning to pre-pandemic levels once the pandemic is over.
The abrupt outburst of the COVID-19 epidemic had directed the operation of strict lockdown guidelines across the globe subsequent disturbances in import and export actions of calcium aluminate cement. Lockdowns were imposed by the government on a number of sites. COVID-19 has wreaked havoc on a variety of manufacturing businesses, including the chemical industry, and general economic activity. The chemical industry has been impacted by the installation of lockdowns in numerous nations and supply shortages. The slowdown in economic activity has harmed the industry's development and expansion, which has a cascading effect on the demand for cement from the construction sector.
LATEST TRENDS
"Increasing Demand for Multi-Purpose Commodity to Bolster Market Progress"
Calcium aluminate cement is reflected as a calcium mono-aluminate, acquired by the response at high temperature of a lime material and alumina, generally mined from raw materials like bauxite. High-purity cement is produced by sintering, generally in rotary kilns. This is in comparison to the fusion method, generally used for the production of lower-purity calcium aluminates. This kind of cement has quick strengthening features and can be used in environments of extreme temperatures, and is also recognized for being extremely tough to bacterial decay.
CALCIUM ALUMINATE CEMENT MARKET SEGMENTATION
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- By Type
According to type; the market is divided into CA40, CA50, CA60, CA70, and CA80.
CA40 holds the largest part in the type segment and it is expected to dominate the market. Due to low-cost and extensive applications in the construction sector. CA40 is used with other volatile raw materials to harvest a binder in several preparations such as fast-setting patch materials, non-shrink grouts, and self-leveling floor products. Its applications are also available in the refractory sector as low-duty refractory concrete. These factors are anticipated to drive the calcium aluminate cement market growth during the projected period.
- By Application
Based on the application; the market is divided into Refractory, Building Chemistry, Technical Concrete, Pipe & Waste Water, and Mining.
Pipe & waste water holds the largest part in the application segment as it is used in the water treatment procedure owing to their exceptional characteristics. It is a white color hydrated metal oxide, which has high natural stability and counters with metal oxides and alkalis. It can be used as a base chemical for aluminum goods such as non-ferrous metallurgy, smelting industry, cement manufacturing, and refractories manufacturing.
DRIVING FACTORS
"Increasing Adoption from Construction Sector to Foster Market Growth"
An encouraging position of the global construction sector will clearly influence product usage. It is mainly used for constructing chemistry in numerous applications such as sealers, self-leveling toppings, repair mortars, non-shrink grouts, and bedding mortars. Supportive government guidelines, urbanization, public & private funds, and a growing population are key providers to the global construction sector growth and will enhance usage for building attraction during the forecast period.
"Increasing Demand for Technologically Advanced Procedure to Boost Market Growth"
Calcium aluminate cement is mainly used for high-temperature headstrong applications. Major uses include high-early-strength and quick-setting mixtures, adequate acid-resistant applications and expansive elements in shrinkage-compensating adhesives. This cements are acquired by hammering a solidified dissolve that contains predominantly hydraulic calcium aluminates formed from balanced mixtures of aluminous and calcareous ingredients. They are usually considered to gain strength much faster than normal cement and predominantly contain of calcium aluminate that can yield large amounts of heat. The cement phase ratios are balanced allowing for the planned application features.
RESTRAINING FACTORS
"High Cost to Impede Market Progress"
The applications of cement can be seen in the construction and mining industries, however, there are some factors that can act as restraints in the market such as high costs that can create a disinclination to buy such equipment. High purchasing power, installation costs, and maintenance costs restraint contractors to buy the machines. Such factors can drive people to opt out of buying and it is expected to create a decline in the demand for the market.
CALCIUM ALUMINATE CEMENT MARKET REGIONAL INSIGHTS
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"North America to Dominate the Market Due to Growing Infrastructural Developments "
North America has the largest part in the global calcium aluminate cement market share due to strong demand from end-user sectors such as non-ferrous metallurgy, cement, iron & steel, glass manufacturing and construction. Developing countries such as China and India are the main sponsors of the market. These countries are the key cement manufacturing across the globe with China accounting for close to half of the world’s cement construction.
Asia Pacific is expected to have a sizable market share. This is due to the robust manufacturing and depletion outline in China. The region is projected to develop at a high rate due to the increasing population which leads to substantial demand for the automotive and construction sectors.
KEY INDUSTRY PLAYERS
"Key Players to Boost Demand Leading to Market Growth"
The leading players in the global calcium aluminate cement market who have a significant impact on market profitability are assessed based on their product and service revenue, sales, business plans, innovations, and growth rate. Market events or market happenings, new product launches, mergers and acquisitions, benchmarking, regional expansions, and technical advancements all influence a company's final place in the market.
INDUSTRY DEVELOPMENT-
- November 2021: Cementos Molins has decided on its merger of calcium aluminate cement producer Calucem ensuing all regulatory consent. Calucem operates the Pula grinding plant in Istria, Croatia and a bauxite quarry in Turkey. The new acquisition places Cementos Molins as the world's second-leading calcium aluminate cement manufacturer. The corporation said that it enlarges and improves its advanced and ecological product variety in line with its maintainable growth plan.
List of Market Players Profiled
- Almatis (Germany)
- Kerneos (France)
- Cimsa (Turkey)
- Calucem (U.S.)
- Elfusa (Brazil)
- Fengrun Metallurgy Material (China)
- RWC (U.S.)
- Caltra Nederland (Netherlands)
U.S. Electrofused Minerals (U.S.)
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1310.6 Million in 2022 |
Market Size Value By |
US$ 1865.36 Million by 2031 |
Growth Rate |
CAGR of 4% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type, Application & Region |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the calcium aluminate cement market expected to touch by 2031?
Based on our research, the global calcium aluminate cement market size was USD 1,310.6 million in 2022 and is expected to reach USD 1865.36 million in 2031.
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What CAGR is the calcium aluminate cement market expected to exhibit by, 2031?
The calcium aluminate cement market is expected to exhibit a CAGR of 4.0%.
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Which are the driving factors of the calcium aluminate cement market?
Increasing demand from the construction sector and technologically advanced procedures are the factors driving the calcium aluminate cement market.
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What are the major players operating in the calcium aluminate cement market?
Almatis, Kerneos, Cimsa, Calucem, Elfusa, Fengrun Metallurgy Material, RWC, Caltra Nederland, and U.S. Electrofused Minerals are the top companies operating in the calcium aluminate cement market.
