Global Calcium Silicate Boards Market Overview
The global calcium silicate boards market has witnessed sluggish growth at a CAGR of 2.9% over the past half-decade. Moreover, in the 2nd and 3rd quarter of FY2020, the market has seen rapid decline in the demand for industrial insulation products such as calcium silicate boards, owing to the force majeure of industries due to lockdowns related to the COVID-19 outbreak. Kick start in demand for calcium silicate boards will be observed across regions owing to the lifting of lockdowns and restarting of economies. Decline in consumption in Q2 and Q3 of FY2020 is set to normalize by Q3 of FY2021, owing to gradual uptake in industrial investments. All in all, the market is set to gain pace at a CAGR of over 3% over the long term forecast period. The scope of this study is restricted to low density calcium silicate boards only.
Growth of the calcium silicate boards market size is attributed to industries such as petrochemicals and chemicals, which capture the demand requisite of nearly a quarter of the market. Apart from their application in petrochemicals and chemicals, furnace and steel & glass industries have a major impact on market growth, owing to rise in consciousness towards energy conservation across the globe. These aforementioned factors are set to provide impetus to the calcium silicate boards market in the medium- and long-run forecast period
Calcium Silicate Boards Market Insights by Board Size
Of the four major board sizes of calcium silicate being traded in the market, 1000 X 500 mm finds major application across industries such as petrochemicals, furnace, refractory, steel, chemicals, aluminum, and even in building and construction applications. 1000 X 500 mm is the most widely available size of calcium silicate boards in the market. It is available in various widths, ranging from 50 – 100 mm as per custom requirements generated by end-use industries. Density range of the product varies from the 150-200 Kg/m3. The board’s density plays a major role in deciding its end use. Lower density boards are utilized for industrial applications, while medium- and high-density board application can largely be observed in building and construction applications.
Followed by 1000 X 500 mm, the 1200 x 2500 mm calcium silicate board size captures one-third of global demand. 40% of 1200 X 2500 mm boards are utilized for industrial purposes, while the rest are utilized for building and construction applications such as chimneys, fire place linings, and others. Boards of this dimension are available in tapered, pipe section form, and others. Summarizing the aforementioned factors in the calcium silicate boards market space, 1000 X 500 mm boards have higher potential as compared to other sized boards.
Calcium Silicate Boards Market Insights by Application
Calcium silicate boards have significant consumption in petrochemical and steel industries, especially from the pipe section, equipment insulation, and refractories. Rising demand can be attributed to rise in manufacturer consciousness to reduce overall production costs across energy-intensive industries. Energy conservation and rise in fuel prices have provided a thrust to the demand for insulation materials such as calcium silicate boards. Traditional industries such as building and construction are losing their stance in the market, owing to the evolution of low-cost and reliable substitutes. Novel business avenues such as petrochemicals and steel are set to provide rapid growth to the calcium silicate boards market in the long run.
Regional Outlook of Calcium Silicate Boards Market
Europe is projected to capture a capture a major part of the calcium silicate boards market share in 2020. This trend is projected to continue over the forecast period too. Currently, Europe accounts for over 40% of the demand for calcium silicate boards. Consumption in Europe is backed by growing petrochemical, steel, and furnace industries across the region. Followed by Europe, East Asia and South Asia & Oceania are set to capture more than one-fourth of the market share, driving market growth further in the long run.
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Calcium Silicate Boards Market Manufacturers: Key Strategies
The global calcium silicate boards market is highly fragmented in nature. Etex Group, Ramco, and Calderys are the only key market players in tier-1 accounting for more than 50% of global supply. Players have adopted inorganic strategies in prominent growth regions. For instance, in FY2020, Calderys acquired Hysil’s calcium silicate boards business, which amounts to 90% of India’s calcium silicate boards market, and also nearly 60% of the South Asia & Oceania market.
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The Analyst’s Viewpoint
“Economies of density is a key factor governing the calcium silicate boards market”.
COVID-19 Impact on Calcium Silicate Boards Market
The coronavirus pandemic has hurt the functioning of the calcium silicate boards market over 2 quarters in FY2020. Demand for industrial products has however risen in the 3rd quarter, owing to reopening of economies across Europe and East Asia. Gradual reopening of the market in South Asia & Oceania and East Asia is set to provide some sort of recovery. Liquidity and investments in the industrial space portray a positive picture and are expected to spike the market by the third quarter of FY2021. Expanding consumption cycle provides an image of growing industrial activities, which cascades the effect to the utilization of calcium silicate boards.
Calcium Silicate Boards Market: About the Report
Fact.MR published an exclusive forecast report on the calcium silicate boards market for 2020 and 2030. The foremost objective of this report on the calcium silicate boards market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the market. Also, the study on the calcium silicate boards market addresses key dynamics that are expected to diversify the sales and future prominence of calcium silicate boards.
The report on the calcium silicate boards market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the calcium silicate boards market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the calcium silicate boards market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for calcium silicate boards. Supply chain analysis and pricing analysis of the calcium silicate boards market along with the difference between calcium silicate boards used as per application have also been included in the report, to help readers clearly understand the product framework map in the calcium silicate boards market space.
Calcium Silicate Boards Market - Scope of the Report
A recent study by Fact.MR on the calcium silicate boards market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the calcium silicate boards market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of calcium silicate boards. The study also provides the dynamics that are responsible for influencing the future status of the calcium silicate boards market over the forecast period.
A detailed assessment of the calcium silicate boards market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the calcium silicate boards market along with their product portfolios enhances the reliability of this comprehensive research study.
Calcium Silicate Boards Market: Report Summary
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the calcium silicate boards market across the globe.
A comprehensive estimate on the calcium silicate boards market has been provided through an optimistic scenario as well as conservative scenario, taking into account the sales of calcium silicate boards during the forecast period. Price point comparison by region with global average price is also considered in the study.
Calcium Silicate Boards Market Segmentation
Fact.MR has studied the calcium silicate boards market with detailed segmentation on the basis of board size, application, end use, and key regions.
|
Board Size |
Application |
End Use |
Regions |
|
1000 X 500 mm |
Climate Boards |
Petrochemical Industry |
North America |
|
1200 x 2500 mm |
Pipe Section |
Furnaces |
Europe |
|
2400 x 1220 mm |
Equipment Insulation |
Steel Industry |
East Asia |
|
Others |
Fire Protection |
Glass Industry |
South Asia & Oceania |
|
|
Chimneys
|
Aluminum Industry |
Rest of the World |
|
|
Others |
Cement Industry |
|
|
|
|
Marine Industry |
|
|
|
|
Building & Construction Industry |
|
|
|
|
Others |
|
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized d and prohibited.”
Calcium Silicate Boards Market: Analysis on Market Size Evaluation
The calcium silicate boards market has been analyzed for each market segment in terms of volume (Cubic Meters) and value (US$ Mn).
Market estimates at global and regional levels for calcium silicate boards are available in terms of “US$ Mn” for value and in “cubic meters” for volume. A Y-o-Y growth contrast on prominent calcium silicate boards market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global Calcium silicate boards market.
Calcium Silicate Boards Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the calcium silicate boards market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the calcium silicate boards market during the forecast period.
Country-specific valuation on demand for calcium silicate boards has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
Calcium Silicate Boards Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of calcium silicate boards along with their detailed profiles. Essential and up-to-date data related to the market performers who are principally engaged in the production of calcium silicate boards has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the calcium silicate boards market. Prominent companies operating in the global calcium silicate boards market include American Materials, BNZ Materials, Calderys, Calsitherm, ETEX Group, Guangdong New Element Building Materials Co., Ltd, IMS, Insulcon, Japanese Insulation Co. Ltd, Johns Manville, Kingtec Materials, Laizhou Mingfa Insulating Materials Co. Ltd., Nichias Corp, Ningbo Yihe Green Board, Ramco Industries, Refial BV, Skamol, Soben International Limited, Taisyou International, and Yunion Industry Limited.
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Calcium Silicate Boards Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030