New York, United States , July 06, 2024 (GLOBE NEWSWIRE) -- The Global Calcium Silicate Insulation Market Size is to Grow from USD 281.42 Million in 2023 to USD 438.90 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 4.54% during the projected period.
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Calcium silicate insulation is composed of inorganic, non-combustible, non-asbestos materials. Made from the mineral calcium silicate, which occurs naturally, is one kind of insulating material. Calcium silicate insulation has advantages for both residential and commercial buildings. Strong insulation prevents heat transfer from occurring. It's a sensible choice if a structure can be kept warm in the winter and cool in the summer. Calcium silicate insulation is a decent option for structures in high-risk wildfire locations since it is fire-resistant. High-tech materials such as calcium silicate insulation are used for thermal insulation in numerous sectors. Furthermore, the growing markets for petrochemicals, aluminum, cement, and glass in developing countries, as well as the rebound in power generation and other industrial activity in established countries, are expected to propel the high-temperature industry market. The market for calcium silicate insulation is being pushed by the expanding regulations that favor the use of sustainable thermal insulation in high-temperature processing sectors. Furthermore, the need for insulating materials is increased by the continued construction of residential and commercial structures as well as other infrastructure development projects. Additionally, the market might expand as a result of R&D projects aimed at improving the cost and effectiveness of calcium silicate insulation. However, cost is a barrier to widespread use, especially in industries where prices are critical when compared to traditional materials.
Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Calcium Silicate Insulation Market Size, Share, and COVID-19 Impact Analysis, By Application (Industrial Insulation, Building & Construction, and Marine & Offshore), By Form (Sheets, Blocks, Pipe Sections, and Curved Segments), By Temperature (Mid-Temperature and High-Temperature), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The industrial insulation segment is anticipated to hold the greatest share of the global calcium silicate insulation market during the projected timeframe.
Based on the application, the global calcium silicate insulation market is divided into industrial insulation, building & construction, and marine & offshore. Among these, the industrial insulation segment is anticipated to hold the greatest share of the global calcium silicate insulation market during the projected timeframe. Due to its distinctive characteristics and requirements in workplaces. Calcium silicate insulation works incredibly well in high-temperature environments since it can withstand temperatures as high as 650°C (1200°F). Due to this, it is ideal for usage in environments such as refineries, petrochemical facilities, and power generation, where the capacity to tolerate extremely high temperatures is critical to both operational efficacy and safety.
The sheets segment is anticipated to grow at the fastest pace in the global calcium silicate insulation market during the projected timeframe.
Based on the form, the global calcium silicate insulation market is divided into sheets, blocks, pipe sections, and curved segments. Among these, the sheets segment is anticipated to grow at the fastest pace in the global calcium silicate insulation market during the projected timeframe. Calcium silicate insulation sheets are perfect for insulating industrial equipment, HVAC systems, and pipes owing to their thermal insulation, fire resistance, and durability. Their ease of installation, resistance to moisture, and endurance in corrosive environments are some of the other elements driving their increased demand in industries like as oil and gas, petrochemicals, and power generation.
The high-temperature segment is predicted for the largest revenue share in the calcium silicate Insulation market during the estimated period.
Based on the temperature, the global calcium silicate insulation market is divided into high-temperature and mid-temperature. Among these, the high-temperature segment is predicted for the largest revenue share in the calcium silicate Insulation market during the estimated period. Calcium silicate insulation is used to line kilns and other high-temperature areas in cement applications where exceptionally high temperatures are reached. Calcium silicate is used as insulation for furnaces and other equipment in glass manufacturing plants that need to operate at high temperatures.
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Asia Pacific is expected to hold the largest share of the global calcium silicate insulation market over the forecast period.
Asia Pacific is expected to hold the largest share of the global calcium silicate insulation market over the forecast period. Growing investments and expansions in manufacturing capacity across end-use industries are driving an increase in power generation, petrochemical, transportation, metal processing, and industrial infrastructure activities in developing economies such as China and India. Due to the increased demand for thermal insulation, the calcium silicate insulation market has experienced growth in the Asia-Pacific area. China is the main market for calcium silicate insulation in the Asia-Pacific area owing to its cheap production technology and increasing industrialization.
North America is predicted to grow at the fastest pace in the global calcium silicate insulation market during the projected timeframe. Due to the growth in manufacturing capacity across many end-use industries, especially the industrial and power-generating sectors, and the increased investments in developing countries. Investment is increasing in the transportation, petrochemical, industrial, and power generation sectors in countries such as Canada and Mexico. The rising need for thermal insulation has led to a significant increase in the calcium silicate insulation market in North America. Due to the nation's expanding industry and urbanization, the US is currently North America's largest market for calcium silicate insulation.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Calcium Silicate Insulation Market include Skamol, A&A Material Corporation, Promat (Etex Group), BNZ Materials, Johns Manville, Anglitemp, NICHIAS Corporation, Calsitherm, SANLE Group, Taisyou International Business Co. Ltd., Guangdong New Element Building Material Co. Ltd., Beijing Hocreboard Building Material Co. Ltd. and Others.
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Recent Developments
- In August 2023, Isolatek was acquired by an affiliate of SK Partners, a prominent global provider of cutting-edge building safety and performance solutions. This strategic development represents a significant milestone in Isolatek's mission to elevate fire safety standards on a global scale.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Calcium Silicate Insulation Market based on the below-mentioned segments:
Global Calcium Silicate Insulation Market, By Application
- Industrial Insulation
- Building & Construction
- Marine & Offshore
Global Calcium Silicate Insulation Market, By Form
- Sheets
- Blocks
- Pipe Sections
- Curved Segments
Global Calcium Silicate Insulation Market, By Temperature
- High-Temperature
- Mid-Temperature
Global Calcium Silicate Insulation Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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