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Calcium Silicate Boards Market

Demand for Calcium Silicate Boards to Be Driven for Extensive Insulation Applications, Reveals Fact.MR

Published : 18 Nov 2021 Industry: Chemical & Materials

As per industry analysis on the calcium silicate boards market by Fact.MR, a market research and competitive intelligence provider, the market is anticipated to be valued at US$ 1.75 Bn in 2021, and expand at a steady CAGR of 3.6% over the forecast period of 2021-2031.

Calcium silicate boards are key insulation materials used across industries such as petrochemicals, steel, cement, refractories, aluminum, and others. Rising manufacturer consciousness to control production costs has driven the trend of calcium silicate boards in industrial applications.

Apart from industrial applications, calcium silicate boards are extensively used for building and construction purposes. However, in the past half-decade, their demand for in the building and construction industry declined nearly four-fold, owing to rising adoption of key substitutes such as gypsum boards, cement fibre boards, and others.

However, increasing industrial application has normalized the demand effect, and is set to bolster market growth through 2031. The global market is anticipated to create an absolute dollar opportunity of more than US$ 310 Mn over the forecast period (2021-2031).

Key Takeaways from Market Study

  • The global calcium silicate boards market is anticipated to add 1.2X value by 2030.
  • 1000 X 500 mm calcium silicate boards capture nearly 50% of the global market share, and are set to create an opportunity of more than US$ 160 Mn over the next ten years
  • Climate boards is the fastest-growing segment in the market, owing to their insulation benefits in building & construction and industrial applications.
  • The petrochemicals industry is set to dominate market revenue in 2020, and is expected to gain over 180 BPS in its market share by 2031. However, the building and construction segment is anticipated to lose around 70 BPS over the same period.

“Lower speculative demand in the past-half decade, owing to nominal growth in prices, is set to lower medium-term risk,” says a Fact.MR analyst.

Winning Strategy

The calcium silicate boards market is highly fragmented in nature, with key players operating, such as A & A Material Corporation, American Elements, BNZ Materials, Calderys, Calsitherm, Johns Manville, and Ramco.

Companies with economies of scale have an edge over other players to leverage products at lower prices, which is set to enhance marginal revenue. Nearly 80% of companies in the market channel low-density calcium silicate boards, owing to their extensive application in industrial insulation.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global calcium silicate boards market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of board size (1000 x 500 mm, 1200 x 2500 mm, 2400 x 1220 mm, others), application (climate boards, pipe section, equipment insulation, fire protection, chimneys), end use (petrochemical industry, furnaces, steel industry, glass industry, aluminum industry, cement industry, marine industry, building & construction industry, others), and across key regions, namely, North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa.

About the Chemicals and Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemicals and Materials

E-mail: yash@factmr.com

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Calcium Silicate Boards Market Report By Board Size (1000 X 500 mm Calcium Silicate Boards, 1200 x 2500 mm Calcium Silicate Boards, 2400 x 1220 mm Calcium Silicate Boards), By Application (Pipe Section, Equipment Insulation, Fire Protection), By End Use (Petrochemical Industry, Furnaces, Steel Industry, Cement Industry, Aluminum Industry) - Regional Forecast 2021-2031