Calcium Silicate Insulation Market

Market Leader - Calcium Silicate Insulation Market

The market size of calcium silicate insulation was USD 256 million in 2021 and  is projected to reach USD 320 million by 2026, at a CAGR of 4.6% between 2021 and 2026. The growth of the calcium silicate insulation market is primarily triggered by its increasing use in the transport and power generation industries. APAC is the largest market for calcium silicate insulation due to the rising demand for thermal insulation from end-use industries such as power generation, transport, and building & construction. Rising capital expenditure on petrochemical, chemical, and power generation sectors in the region is estimated to drive the market. Calcium silicate insulation is a sustainable form of insulation used for providing energy efficiency, allowing less emissions. Thus, the rising concern of environmental conservation has led to the monitoring of emissions, which act as a driver for the regional calcium silicate insulation market.

The key market players profiled in the report include Skamol (Denmark), A&A Material Corporation (Japan), Promat (Etex Group) (Belgium), BNZ Materials (US), Johns Manville (US), Anglitemp (UK), NICHIAS Corporation (Japan), Calsitherm (Japan), SANLE Group (China), Taisyou International Business Co. Ltd. (Taiwan), Guangdong New Element Building Material Co. Ltd. (China) and Beijing Hocreboard Building Material Co. Ltd. (China).

Players in the calcium silicate insulation market are mainly concentrating on new product launches, and acquisitions to meet the growing demand for calcium silicate insulation for various end-use industry. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

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The growth of the calcium silicate insulation market has been influenced by new product launches that were undertaken between 2018 and 2021. Different companies are deploying different strategies to strengthen their position in the calcium silicate insulation market. BNZ material is mostly focused on Americas; Skamol and Promat are majorly focused on Europe. A&A Material Corporation and Nichias Corporation has its major focus on APAC. In general, these five companies are all strong in their home region and exploring geographic diversification alternatives to grow their businesses. All the five companies are focused on increasing their market shares through partnerships and enhancing their product portfolio over the past few years.

Skamol offers calcium silicate insulation for a wide range of applications within building, construction, and several industries. Skamol was among the pioneers in finding a valuable use of microsilica, a waste product from the production of silicon metal and ferrosilicon. The first idea was to use the waste material in connection with moler and this development process led to a special insulating board combining the two materials. The insulation business of Skamol has been further strengthened during 2020 through an increasingly global coverage, where additional sales offices have been opened to facilitate the continued growth. During 2020, Skamol has executed several investment projects in order to increase and upgrade capacity and reduce production costs. The most significant investment project in 2020 was the completion of a new production line of calcium silicate boards and blocks in the polish plan. This is expected to double the output of the calcium silicate products produced by the polish plant.

On the other hand, A&A Material Corporation has been developing business in various fields, ranging from building materials to automotive parts, specializing in heat-controlling technologies such as non-inflammability, fire-proofing and thermal insulation. Based on their 2020 Medium-Term Management Plan (FY2018 - FY2020), currently in effect, they have adopted "Implementing sustainable development and enhancing corporate value" as their group slogan and have formulated the three main policies-Improving labor productivity by reforming the way they work, Expanding the number of high added-value products by aggressively developing, and investing in, new products and new construction methods and finally expanding their areas of business by adding peripheral businesses

Another player Calsithermannounced the acquisition of International Syalons (Newcastle) Ltd., through which the company can solve attrition, corrosion and heat resistance problems in a variety of industrial applications.

Related Reports:

Calcium Silicate Insulation Market by Temperature (High-Temperature & Mid-Temperature), End-use Industry (Metals, Industrial, Power Generation, Petrochemical, Transport), and Region (Europe, North America, APAC, MEA, South America) - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
[email protected]

Report Code
CH 7924
RI Published ON
6/21/2021
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