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Chicago, June 21, 2021/PRNewswire/--According to the new market research report "Calcium silicate insulation by temperature (high and medium temperature), end-use industry (metal, industry, power generation, petrochemical, transportation) Markets) and regions (Europe, North America, Asia Pacific, MEA, South America)-Global forecast to 2026", released by MarketsandMarkets™, the calcium silicate insulating material market is expected to reach US$320 million by 2026, a compound annual growth rate It is 4.6%. In 2021, it will be 256 million U.S. dollars.
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Calcium silicate is a compound Ca2SiO4, also known as calcium orthosilicate, sometimes formulated as 2CaO·SiO2. It exists naturally as a mineral feldspar and can be extracted from naturally occurring limestone and diatomaceous earth (a type of siliceous sedimentary rock). Calcium silicate has low bulk density, corrosion resistance, high temperature structural integrity and high physical water absorption. It is used for insulation of high-temperature pipes and equipment, and fire-resistant applications. It is provided in the form of plates, prefabricated tubes and prefabricated blocks.
High temperature calcium silicate is the largest temperature segment in the calcium silicate insulation market. In terms of value, the Asia-Pacific region is the largest market for calcium silicate insulation materials in 2020. Factors such as increased demand in the power generation and transportation industries will drive the calcium silicate insulation market.
"Medium temperature is expected to be the fastest growing temperature type in the calcium silicate insulation market from 2021 to 2026"
The increasing demand for environmental protection, fire protection and high-temperature insulation materials in the marine and railway industries, as well as increasing consumer spending in various developing economies, are expected to promote the development of the calcium silicate insulation material market during the forecast period.
"It is expected that transportation will become the fastest growing terminal industry in the calcium silicate insulation market from 2021 to 2026."
Calcium silicate board is used for heat insulation and fire protection in aerospace, marine and offshore, and railway industries. In the shipbuilding industry, calcium silicate is used as a fire protection, sound insulation and heat insulation system for floors, walls, ceilings, decks, fire linings, hulls, bulkheads, fire doors, engine rooms, etc. In the aerospace industry, calcium silicate is used to enhance vibration resistance and thermal shock. It is used in turbofan engines, nacelles, exhaust, hydraulics, APU, batteries, wings, radomes, flight data recorders, kitchen ovens, and other weight-sensitive applications on aircraft. The railway industry also plays a key role in using calcium silicate to maximize its performance, energy efficiency, passenger safety and comfort. Fire doors, partition walls, noise barriers, electrical cabinets, fire-resistant penetrations, fire-resistant cable ducts, heat and fire barriers, batteries and other components are all insulated by calcium silicate to provide passive fire protection, heat insulation and sound insulation.
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"North America is expected to become the fastest growing region for the calcium silicate insulation market during the forecast period"
North America dominates the global calcium silicate insulation market. Due to increasing investment in developing countries and increasing manufacturing capacity in end-use industries (especially power generation and industry), North America has always dominated the global calcium silicate insulation market. Countries such as Canada and Mexico are increasing investment in power generation, petrochemical, industrial, and transportation activities. This has promoted the demand for insulation materials, which has made a significant contribution to the growth of the North American calcium silicate insulation materials market. Due to the acceleration of industrialization and urbanization, the United States is the main market for calcium silicate insulation materials in North America. Some of the major players in North America are BNZ Materials (USA) and Johns Manville (USA). The demand for calcium silicate insulating materials is growing, especially in Europe and the Asia-Pacific region. Therefore, compared with other regions, the market in these regions is expected to achieve higher growth.
The main market participants introduced in the report include Skamol (Denmark), A&A Material Corporation (Japan), Promat (Etex Group) (Belgium), BNZ Materials (United States), Johns Manville (United States), Anglitemp (United Kingdom), NICHIAS Corporation ( Japan), Calsitherm (Japan), Sanle Group (China), Taisyou International Business Co. Ltd. (Taiwan), Guangdong New Element Building Materials Co., Ltd. (China) and Beijing Hocreboard Building Materials Co., Ltd. (China).
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