Market Overview of Calcium Silicate:
The Calcium Silicate market is poised for a noteworthy growth rate of 6.8% in terms of value, projecting an increase from USD 957.3 Million in 2018 to a projected USD 1.62 Billion by 2027. Also known commercially as Cal-Sil, Calcium Silicate is an inorganic chemical compound exhibiting a white or slightly off-white color, sourced from naturally occurring limestone and diatomaceous siliceous sedimentary rock.
Key Highlights:
• Calcium Silicate, identified as the E552 food additive, is manufactured from natural sources or synthetically through the chemical reaction of calcium oxide and silica. It holds recognition as a safe food ingredient and additive by esteemed international organizations such as the Food and Agriculture Organization (FAO) of the United Nations and the World Health Organization (WHO).
• The global market is undergoing substantial expansion, fueled by the escalating demand for calcium silicate in food additives, particularly for its anti-caking properties. This compound is extensively utilized to prevent clumping in dry foods, ensuring consistent mixing and enhanced shelf life.
• Calcium Silicate plays a crucial role in the production of fireproofing and passive fire protective bricks and roof tiles. However, challenges to market growth include health concerns associated with ingestion and fluctuations in raw material prices.
• The Asia Pacific region is anticipated to witness the fastest growth rate of 8.7% throughout the forecast period, with substantial contributions from China and India. The North American market is bolstered by heightened demand in the construction and food ingredients sectors.
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Report Highlights:
- The report provides comprehensive statistics for the global Calcium Silicate market from 2016 to 2027, utilizing historical data from 2016 and 2017, considering 2018 as the base year, and forecasting from 2019 to 2027.
- It includes an estimation of market size, historical and forecasted trend analysis, analysis of various alternatives, regulatory frameworks, regional research outlook, ongoing developments, prevalence mapping, and demand and supply GAP analysis.
- The competitive landscape is analyzed, offering insights into pricing strategies of regional competitors, market share analysis, and strategic recommendations for new entrants.
- Salient trends in the Calcium Silicate market include the increasing demand for sodium silicates as sealers for concrete countertops, the role of the compound in the formation of Portland Cement, and the impact of safety regulations and health concerns on market growth.
Companies considered and profiled in this market study
- American Elements,
- Pyrotek Inc.,
- Spectrum Chemical,
- ProChem, Inc.,
- Chaitanya Chemicals,
- Promat International NV,
- Skamol,
- Industrial Insulation Group,
- Morgan Advanced Materials,
- Zircar Ceramics, Inc.,
- among others.
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Market Projections:
- The global Calcium Silicate market valuation is expected to reach USD 1.62 Billion by 2027, with the food additives sub-segment predicted to grow at a CAGR of 5.9% during the forecast period.
- The construction materials sub-segment is anticipated to achieve the fastest growth rate of 6.7% from 2019 to 2027.
- Quartz is projected to retain dominance in the market, growing at a CAGR of 6.3%, and the food-grade sub-segment is expected to achieve a market share of 43.8% by 2027, growing at a CAGR of 6.8%.
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