Calcium Silicate Market

Market Overview

The global calcium silicate market size was valued at USD 2.9 billion in 2022 and is projected to reach a value of USD 4.2 billion by 2031, registering a CAGR of 4.3% during the forecast period (2023-2031). The continued expansion of the building sector, combined with a focus on safety and energy efficiency, is likely to sustain and expand demand for calcium silicate market trends in the coming years.

Calcium silicate (Ca2SiO4) is a chemical substance commonly known as calcium silicon oxide and calcium orthosilicate. It is made of limestone and diatomaceous earth. Calcium silicate boosts calcium levels in the body, is highly resistant to weather, and can be used as an anticaking agent. It avoids lump formation, making it acceptable for medicinal and culinary applications.

A notable rise in the demand for calcium silicate is projected. The calcium silicate market is predicted to increase significantly over the projected period due to expanding applications in several end-use industries, such as construction, food and beverage, and pharmaceuticals. Furthermore, increased governmental spending on infrastructure development in developing countries is expected to help market expansion. These products are expected to drive calcium silicate market growth because they offer superior thermal insulating properties, resistance to fire and corrosion, and performance stability when used in the construction industry.

Market Dynamics

Market Drivers

Growing Construction Industry

In construction, calcium silicate is frequently used to make fire-resistant and thermal insulation materials. The growing building industry, particularly in emerging countries, stimulates demand for calcium silicate in various construction applications such as boards, panels, and tiles. According to Deloitte Spain's annual Global Powers of Construction (GPoC) study, the world's 100 largest construction businesses earned more than US$1.511 trillion in 2022, a 6.3% rise from the previous year. This increase in industrial growth is anticipated to impact the market indirectly.

Fireproof doors and partitions are frequently built with calcium silicate boards. These materials aid in the containment and slowing of fires, giving valuable time for evacuation and firefighting.

The expansion of the worldwide construction industry, particularly in emerging nations, has raised the demand for fire-resistant and thermal insulation materials, propelling the calcium silicate market. With rising construction activity and infrastructure expansion, the demand for insulating materials rises. In 2022, the active calcium silicate market was worth USD 328.0 million. The continued expansion of the building sector, combined with a focus on safety and energy efficiency, is likely to sustain and expand demand for calcium silicate market trends in the coming years.

Market Restraints

Environmental and Regulatory Consideration

The increased scrutiny of environmental concerns and legal limits may make the manufacturing and use of some materials, such as calcium silicate, more difficult. A growing awareness of the environmental impact is driving a greater emphasis on sustainable and eco-friendly methods in manufacturing operations. Like other minerals, calcium silicate is being scrutinized for its manufacturing techniques and potential environmental implications. 

Regulatory agencies may impose stronger health and safety restrictions, particularly in sectors that employ calcium silicate. Compliance with these rules may necessitate changes to formulations or manufacturing procedures. Calcium silicate has been embraced as a safe substitute for asbestos in various applications because of the health and safety risks associated with asbestos. Regulatory initiatives to protect workers and end-users are driving the shift toward asbestos-free alternatives. Regulatory bodies worldwide are increasingly concerned about the environmental impact of industrial activities. Companies in the calcium silicate industry may struggle to meet severe environmental regulations.

Health and safety laws, particularly those about the construction and manufacturing industries, considerably impact the use of minerals such as calcium silicate. Compliance with these regulations may have an impact on market dynamics. Additionally, companies in the calcium silicate business may need to invest in R&D to ensure compliance with evolving laws. Changes in manufacturing processes may alter production costs and market competitiveness.

Market Opportunity

Growing Emphasis on Sustainable Construction

The growing emphasis on environmentally friendly building practices gives a considerable opportunity for calcium silicate. Calcium silicate's qualities make it valuable for sustainable building practices as the construction industry seeks ecologically friendly and energy-efficient solutions. The poor thermal conductivity of calcium silicate makes it a good insulator, decreasing the need for excessive energy usage for heating and cooling in buildings. This is consistent with the construction of energy-efficient constructions. Besides, the use of calcium silicate in fire-resistant materials improves building safety. Fire-resistant materials contribute to the longevity and safety of structures, which is an important part of sustainable construction. LEED (Leadership in Energy and Environmental Design) is a well-known green building certification scheme. Calcium silicate materials can contribute to LEED certification points because of their thermal insulation and fire resistance, increasing their use in sustainable construction projects.

The growing acceptance of green building standards reflects the global trend toward sustainable development. Calcium silicate stands to gain from this trend as a material that corresponds with energy efficiency and safety requirements. Sustainable building is a comprehensive process that tries to lessen the environmental impact of the construction sector. It also intends to establish settlements that promote human dignity and economic equality. Some businesses have begun incorporating renewable energy and efficient buildings into new developments to achieve net-zero emissions by 2050. The construction industry's effort to lower carbon emissions and encourage environmentally friendly practices has created a need for materials that improve building sustainability. As a result of the material's insulating capabilities and contribution to sustainable construction methods, the use of calcium silicate boards and panels in green building projects has increased.

Regional Analysis

Asia-Pacific Dominates the Global Market

The global calcium silicate market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

Asia-Pacific is the most significant global calcium silicate market shareholder and is estimated to grow at a CAGR of 4.7% over the forecast period. The need for active calcium silicates in countries such as China and India has been expanding due to a growth in demand from diverse applications in building and construction, fire prevention, cement, and ceramics. Adopting rules and regulations governing product standards and quality will fuel regional growth. Demand for fireproofing cladding goods such as active calcium silicate for smoke, flame, and fire spread prevention should drive market demand.

Additionally, the Asia-Pacific construction business has been steadily developing in recent years, owing to the presence of rapidly growing countries, rapid urbanization, and rising infrastructure spending. The increasing presence of foreign companies in the Asia-Pacific region has also created a demand for new offices, buildings, and production houses, thereby driving the growth of the region's construction sector and, as a result, stimulating the region's active calcium silicate market. China has previously established a set of fire safety rules, ranging from policy-based regulations governing fire prevention and reduction to precise standards governing fire safety buildings and monitoring methods. The Code for Fire Protection Design of Buildings (GB50016-2014) is the updated fire safety law, which combines the previous specification and the Code for Fire Protection Design of Tall Buildings to increase consistency and compliance with other standard protocols. Such regulations increase the region's uptake of active calcium silicate.

Furthermore, according to the Indian Brand Equity Foundation (IBEF), the Indian real estate market is expected to reach USD 1 trillion by 2030 and contribute roughly 13% of the country's GDP by 2025. This is projected to raise demand for active calcium silicate and propel the region's industry. The country's construction sector is predicted to rise moderately over the next five years due to increased expenditures in public and private infrastructure and commercial projects. GDP shares are predicted to increase in 2023 and 2024, reaching USD 221.75 billion and USD 225.20 billion, respectively.

Europe is anticipated to exhibit a CAGR of 4.8% over the forecast period. The calcium silicate market in Europe is predicted to develop the fastest throughout the forecast period, according to calcium silicate market insights. France is home to some of the world's largest construction enterprises and numerous startup construction firms. France is a major contributor to global CSB consumption. New fire prevention laws now require thermal insulation systems outside walls. Fire protection along the façade could help rescue the house from being burned. As a result, Europeans are changing toward using fire-resistant boards and insulating materials. The insulation market is expected to grow due to rising demand for residential insulation and regulatory support. The market for household insulation is predicted to rise due to the decrease in temperature in European countries.

North America will have a moderate proportion of the worldwide calcium silicate insulation market. In North America, the United States generated the highest income in 2022. Due to its high-temperature resilience and endurance, calcium silicate insulation is used in various industries in North America, including petrochemicals, steel, aluminum, glass, and cement. The demand for calcium silicate is driven by the requirement for insulation in these industries, notably in equipment and industrial processes. Calcium silicate insulation is used in North America's construction sector for thermal insulation in commercial and industrial structures.

In addition, according to the Mortgage Bankers Association (MBA), there will be 1.210 million single-family homes in the United States in 2023. The construction industry in the United States is massive, employing about 7.6 million people. According to the United States Census Bureau, the value of construction in 2022 will be USD 1,792.9 billion, a 10.2% increase over the USD 1,626.4 billion spent in 2021.

Segmental Analysis

The global calcium silicate market is segmented based on end-user, Grade, and region.

The end-user segment can be further bifurcated into Construction, Pharmaceutical, Food and Beverages.

Construction generates the most revenue in the market.

Construction

The construction industry is a major end-user of calcium silicate, utilizing its qualities in various building and infrastructure applications. The building sector is the most significant because of the expanding urbanization. Building and other factors, as well as increased investment, have propelled the business forward. As calcium silicate provides extensive insulation, a low density, and water resistance, it can replace hazardous building materials such as asbestos and phthalates. Calcium silicate is used in the construction industry for thermal insulation, fireproofing, and building materials because of its durability and resilience to high temperatures. Calcium silicate boards and panels are also commonly employed in building fireproof doors, partitions, ceilings, and walls. These use help to improve fire safety and insulation in residential, commercial, and industrial structures.

Pharmaceutical

Calcium silicate is used in the pharmaceutical business, specifically in manufacturing pharmaceutical excipients and certain formulations. In the calcium silicate market, the pharmaceutical category is growing the fastest. Calcium silicate is a stable chemical element used as an additive in medicinal powders because it may form infinite products and absorb water throughout the pharmaceutical manufacturing process. Calcium silicate is used as an anticaking ingredient in pharmaceutical manufacturing, easing the creation of powdered pharmaceuticals and ensuring their free-flowing qualities.

Based on Grade, the market is sub-segmented into Industrial Grade, Food Grade, Pharma Grade, and Cosmetic Grade.

Industrial Grade influenced the market growth.

Industrial Grade

Industrial-grade calcium silicate is intended for typical industrial applications where functional qualities like insulation and fire resistance are important. Industrial Grade is the most often utilized Grade, accounting for over 60% of the market in 2022. Calcium Silicate also serves as a foundation for additional additives. It is a mineral that occurs naturally and is added to salt and salt substitutes, dextrose, powdered sugar, powdered whey, prepared powdered whey, and sliced cheese with soft, hard, or melting paste. It is incorporated in the spice and fat mixture in oil trays and pans. Calcium silicate has several advantages, including increased calcium content and its use as an anticaking agent. It is suitable for use in food applications since it reduces the formation of lumps. This Grade is appropriate for construction, manufacturing, and industrial operations where durability, thermal insulation, and resilience to high temperatures are essential.

Food Grade

Food-grade calcium silicate is designed to suit the safety and regulatory requirements of the food and beverage industries. This Grade is distinguished by its purity and conformance to food safety rules, making it appropriate for applications involving direct contact with food products. The food-grade category is predicted to rise in unison with the burgeoning food processing industry and rising demand for safe, high-quality food items.

Recent Developments

• July 2023- Morgan Innovative Materials, one of the world's top makers of innovative ceramics and carbon materials, announced the commercial startup of its Yixing factory expansion.