Calcium Silicate Boards Market Size, Share, Growth, and Industry Analysis by Type (High Density, Medium Density, Low Density), by Application (Commercial Buildings, Industrial Buildings, Residential Construction), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

CALCIUM SILICATE BOARDS MARKET REPORT OVERVIEW

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The global calcium silicate boards market size was USD 2136.9 million in 2019 and the market is projected to touch USD 2763.6 million by 2026, exhibiting a CAGR of 3.7% during the forecast period.

Calcium silicate boards are strong, high temperature resistant boards used for a bundle of industries and building & construction purposes. Calcium silicate refers to a chemical compound composed of calcium and silica and is naturally found in limestone. The compounds are widely utilized as a key industrial chemical in applications requiring strength, flexibility, and high insulation. Calcium silicate increases the calcium content in body, provides high weather resistance, and use as an anticaking agent. It prevents the formation of lumps, making it suitable for their applications in pharmaceutical and food applications. Calcium silicate board is an asbestos-free thermal insulation product that can withstand continuous high operating temperatures. It is a light weight, low thermal conductive, high strength, easy to install, reliable and durable product. Calcium silicate is a chemically stable ingredient and is majorly used as an additive in medicinal powders as it allows free flow of products during the production of various medicines. It also possesses superior absorption properties, helping it soak excess moisture and water.

Calcium silicate boards are amongst the most prominent materials used in construction activities as they can be easily drilled and machined. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

CALCIUM SILICATE BOARDS MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into high density, medium density, low density

High density will capture the maximum market share through forecast period.

High density – They are used where strength and durability are paramount. In the context of construction, high-density materials are ideal for areas that require high load-bearing capacity or where superior fire resistance and thermal insulation are necessary. They are often used in floors, exterior walls, and areas requiring high impact resistance.

Medium density - Medium-density materials offer a balance between strength and insulation properties and are versatile in their application. They can be used in interior walls, ceilings, and in some cases, for exterior cladding. These materials provide good thermal and acoustic insulation while still maintaining a level of structural integrity.

Low density- Low-density materials are primarily used for their insulation properties, both thermal and acoustic. They are lightweight, making them easy to handle and install, and are often used in non-load-bearing applications such as interior partitions, false ceilings, and as insulation layers in roofs and walls.

• By Application Analysis

According to application, the market can be segmented into commercial buildings, industrial buildings, residential construction

Calcium silicate boards market players cover segment as commercial buildings will dominate the market share during forecast period.

Commercial buildings – commercial constructions, such as office buildings, shopping centres, and hotels, all three types of materials find their applications. High-density materials may be used in structural components and areas requiring fire resistance, medium-density materials in walls and partitions for a balance of insulation and strength, and low-density materials for thermal and acoustic insulation in ceilings and non-load-bearing walls.

Industrial buildings – Industrial constructions, including factories, warehouses, and processing plants, require materials that can withstand harsh conditions. High-density materials are preferred for their durability and resistance to mechanical damage. Medium-density materials might be used in office spaces within industrial buildings, and low-density materials for insulation purposes to maintain energy efficiency.

Residential construction - Residential buildings, from single-family homes to high-rise apartments, utilize all types of materials based on the specific needs of each part of the building. High-density materials could be used in foundations and external walls, medium-density materials in internal walls and floors for a combination of strength and insulation, and low-density materials in attics, walls, and floors for insulation against heat loss and noise.

DRIVING FACTORS

"Growing Prevalence Of Diseases To Boost The Market Growth"

The growing prevalence of diseases has created a huge demand for therapeutic treatment along with advanced healthcare facilities, thereby driving the demand from the pharmaceutical sector. Calcium silicate is widely used as an additive and is a chemically stable ingredient in medicinal powders due to its property to permit the free flow of products in the medicine production process. Using calcium silicate in medicines can treat weak bones and promote healthy bone formation in women and children, thereby positively affecting the market forecast.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the calcium silicate boards market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. Increasingly stringent fire safety regulations worldwide are a significant driver for the calcium silicate boards market. These boards offer excellent fire resistance, making them a preferred choice for fireproofing buildings and structures.

RESTRAINING FACTOR

"Lack Of Awareness To Hamper The Market Growth"

Lack of awareness about the benefits of calcium silicate boards, leading to a preference for traditional materials. Education and marketing efforts are needed to overcome this barrier. Technical difficulties will reduce the industry revenue.

CALCIUM SILICATE BOARDS MARKET REGIONAL INSIGHTS

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"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa."

"North America to Dominate the Region Due To Growing Expenditure On Healthcare Facilities"

North America is further expected to witness growth in the calcium silicate boards market share. The region is dominating the market due to growing expenditure on healthcare facilities. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Etex Group (Belgium)

• A&A Material (Japan)

• Ramco Hilux (India)

• Taisyou (Japan)

• Jinqiang (China)

INDUSTRIAL DEVELOPMENT

May 2022: Ramco Industries opened a new manufacturing unit In Arakkonam. The company claims to have a capacity of 11.5 million sq. mtrs for the "Calcium Silicate Board and Tiles Range," sold in more than 15 countries. With this new facility, they will be able to trade in more than 40 nations across the globe.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.