Global Calcium Silicate Insulation Market is Segmented By Temperature (High Temperature, Mid Temperature), By Application (Metals, Industrial, Power Generation, Petrochemical, Transport, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Calcium Silicate Insulation Market Size
Global Calcium Silicate Insulation Market reached US$ 271.4 million in 2022 and is expected to reach US$ 327.0 million by 2031, growing with a CAGR of 4.4% during the forecast period 2024-2031.
The global calcium silicate insulation market has experienced substantial upward market trend in recent years, driven by factors such as increasing industrialization, stringent energy efficiency regulations, and the growing demand for sustainable building materials.
The rapid pace of industrialization across regions has provided the calcium silicate insulation market with extensive opportunities. Governments globally are investing in infrastructural development projects, including residential, commercial, and industrial construction. Calcium silicate insulation finds extensive usage in these projects due to its excellent thermal insulation properties and fire resistance.
Asia-Pacific is among the growing regions in the global calcium silicate insulation market covering more than 1/4th of the market share due to its large population, high levels of disposable income, and robust growth in construction market. The region has witnessed a surge in market opportunities and participation in calcium silicate insulation due to rapid urbanization and infrastructure development in countries such as China and India are fueling the demand for calcium silicate insulation in construction. Further, high temperature is the fastest growing segment the global calcium silicate insulation market close to reaching more than half of the market share in type segment.
Calcium Silicate Insulation Market Summary
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Metrics |
Details |
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CAGR |
4.4% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Temperature, Application and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Calcium Silicate Insulation Market Dynamics
Infrastructure Development and Rising Focus on Fire Safety
Infrastructure development projects, particularly in emerging economies, are driving the demand for calcium silicate insulation. Rapid urbanization, industrialization, and construction activities create a need for reliable and effective insulation solutions. Government investments in infrastructure development, such as commercial buildings, residential complexes, and industrial facilities, contribute to the growth of the calcium silicate insulation market. For example, the China Development Bank announced investments of US$ 890 billion in infrastructure projects in 2020, supporting the demand for insulation materials.
Fire safety regulations and the increasing emphasis on fire-resistant materials in buildings and industrial facilities drive the demand for calcium silicate insulation. Calcium silicate insulation is known for its excellent fire resistance and low smoke emission properties. Governments worldwide are implementing stringent fire safety regulations, particularly in high-rise buildings and public spaces. For instance, the United States Fire Administration reported an estimated 1.3 million fires in 2020, highlighting the need for effective fire protection measures. The respective fact drives the adoption of calcium silicate insulation in construction projects to enhance fire safety.
Energy Efficiency Initiatives
Calcium silicate insulation is a high-temperature insulation material widely used in various industries, including petrochemicals, power generation, metallurgy, and manufacturing. It offers excellent thermal insulation properties, fire resistance, moisture resistance, and low thermal conductivity, making it an ideal choice for applications that require efficient heat management. The global calcium silicate insulation market has witnessed significant growth in recent years, driven by several key drivers. Increasing energy efficiency initiatives by governments and organizations worldwide have been a major driver for the calcium silicate insulation market.
Energy-efficient insulation materials, including calcium silicate, help reduce heat transfer, leading to reduced energy consumption and greenhouse gas emissions. According to the International Energy Agency (IEA), global energy demand is expected to grow by 1.5% per year from 2020 to 2040. Governments are implementing stringent energy efficiency regulations and building codes to achieve sustainability goals. For instance, the European Union has set targets to improve energy efficiency by 32.5% by 2030, driving the demand for efficient insulation materials like calcium silicate.
High Production Cost
Calcium silicate insulation is widely used in various industries for its exceptional thermal insulation properties and fire resistance. The respective type of insulation offers numerous benefits, including low thermal conductivity, moisture resistance, and durability. However, the global calcium silicate insulation market faces several significant restraints that hinder its growth potential. One of the primary restraints impacting the global calcium silicate insulation market is the high production cost.
The manufacturing process of calcium silicate insulation involves complex procedures and requires raw materials such as silica, lime, and cellulose fibers. According to data from the U.S. Geological Survey, the global price of silica increased by 27% from 2020 to 2021. The respective rise in raw material costs significantly affects the overall production cost of calcium silicate insulation, making it less cost-competitive compared to alternative insulation materials. The high production cost restricts market growth and adoption, particularly in price-sensitive industries and developing economies.
Calcium Silicate Insulation Market Segment Analysis
The global calcium silicate insulation market is segmented based on temperature, application and region.
Increasing Industrial Applications and Stringent Fire Safety Regulations
The high-temperature segment in the global calcium silicate insulation market is witnessing substantial growth due to increasing industrial applications. Industries such as petrochemicals, metallurgy, cement, and power generation often operate at elevated temperatures. According to data from the International Energy Agency (IEA), the global cement production reached 4.1 billion metric tons in 2020, indicating a steady demand for insulation materials in this industry. Similarly, the global steel production stood at 1.86 billion metric tons in 2020, indicating the need for high-temperature insulation in the metallurgical sector. The use of calcium silicate insulation in these industries helps improve energy efficiency, reduce heat loss, and enhance safety measures, driving its growth in the high-temperature segment.
Energy efficiency has become a paramount concern for industries worldwide, leading to the adoption of insulation materials that can withstand high temperatures. Calcium silicate insulation, with its ability to handle extreme thermal conditions, is increasingly favored for its energy-saving properties. Governments across the globe are implementing stringent energy efficiency regulations and standards. For instance, the European Union's Energy Performance of Buildings Directive (EPBD) sets targets for reducing energy consumption in buildings.
Source: DataM Intelligence Analysis (2023)
Calcium Silicate Insulation Market Geographical Share
Growing Population, Along with Rising Disposable Incomes and Government Initiatives to Enhance Living Standards
The calcium silicate insulation market has witnessed substantial growth globally, driven by factors such as the increasing demand for energy-efficient solutions and stringent regulations on energy consumption. Calcium silicate insulation offers excellent thermal insulation properties, low thermal conductivity, and fire resistance, making it a preferred choice in various industries, including construction, industrial, and HVAC systems. Asia-Pacific is experiencing rapid urbanization, leading to increased construction activities and infrastructure development. The region's growing population, along with rising disposable incomes and government initiatives to enhance living standards, are driving the demand for residential and commercial buildings.
According to data from the United Nations Department of Economic and Social Affairs, the urban population in Asia is projected to reach 64% by 2050. This surge in construction activities necessitates the use of energy-efficient insulation materials like calcium silicate. Governments in the region are also promoting green building initiatives and setting strict energy efficiency standards, further boosting the demand for calcium silicate insulation in construction projects. As the region continues to prioritize sustainable development and energy efficiency, the calcium silicate insulation market is poised for substantial opportunities and expansion in the coming years.
Source: DataM Intelligence Analysis (2023)
Calcium Silicate Insulation Market Companies
The major global players include Skamol, A&A Material Corporation, Promat, BNZ Materials, Johns Manville, Anglitemp, NICHIAS Corporation, Calsitherm, SANLE Group and Taisyou International Business Co. Ltd.
COVID Impact
The outbreak of the COVID-19 pandemic in early 2020 has had far-reaching implications across various industries, including the global calcium silicate insulation market. Calcium silicate insulation is a widely used material known for its excellent thermal properties and fire resistance, making it an essential component in applications such as building insulation, industrial insulation, and fire protection. The construction industry, a major consumer of calcium silicate insulation, experienced significant disruptions during the pandemic due to lockdown measures and supply chain disruptions. Construction projects were put on hold or delayed as governments implemented restrictions to contain the spread of the virus.
The industrial sector, another significant consumer of calcium silicate insulation, witnessed a slowdown during the pandemic. Manufacturing plants and industrial facilities faced temporary closures or reduced operations to comply with social distancing and safety guidelines. The respective fact has resulted in a decrease in new industrial construction projects and maintenance activities, impacting the demand for calcium silicate insulation. Data from the International Monetary Fund (IMF) shows that global industrial production contracted by 3.5% in 2020 compared to the previous year.
Russia- Ukraine War Impact
The ongoing conflict between Russia and Ukraine has far-reaching implications, not only on geopolitical dynamics but also on various industries worldwide. The calcium silicate insulation market is one such sector that has been significantly affected by the war. Calcium silicate insulation is widely used in construction, industrial, and commercial applications due to its excellent thermal properties and fire resistance. One major impact of the Russia-Ukraine war on the calcium silicate insulation market is the disruption in the supply of raw materials.
Ukraine is a significant producer of key raw materials used in the production of calcium silicate insulation, including silica and calcium carbonate. The conflict has resulted in disruptions in mining operations and transportation networks, leading to supply chain disruptions and shortages of these critical raw materials. According to data from the State Statistics Service of Ukraine, silica production in the country declined by 20% in 2021 compared to the previous year due to the conflict. The respective shortage of raw materials has led to increased production costs and limited availability of calcium silicate insulation in the global market.
Key Developments
- On January 17, 2020, Imerys Group, a French manufacturer of mineral based spaciality products acquired the thermal insulation business which includes the sale of calcium silicate insulation products from Hydrabad industries owned by CK Birla Group.
- On July 30, 2020, Calderys became the largest manufacturer of calcium silicate insulation boards in South East Asia as well as India after the acquisition of Hysil’s calcium silicate insulation division.
Why Purchase the Report?
- To visualize the global calcium silicate insulation market segmentation based on temperature, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of calcium silicate insulation market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global calcium silicate insulation market report would provide approximately 53 tables, 49 figures and 183 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
