Global calcium silicate market is expected to witness significant growth over the forecast period, on account of its increasing applications in the food & beverage sector as an anti-caking agent. Food & beverage sector growth in various countries including India, China, and Brazil is expected to be one of the key driving factors for the industry over the forecast period.
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The product is primarily employed as a substitute for asbestos in high-temperature insulation materials. Further, it is employed in the production of coatings, roofing products, and plastics. Rising use of these products in the construction sector is expected to have a positive impact on the industry over the forecast period. Growing roof and floor tile needs on account of increasing new construction and refurbishment work are expected to have a positive impact on the calcium silicate demand over the forecast period. Growth and development of construction and increasing government expenditure on infrastructural development is expected to be a driver for this market over the forecast period. However, raw material price volatility and low raw material availability are expected to challenge growth over the forecast period.
Food & beverage is the largest end-use segment for the product comprising over 25% of the global share. Rising use of the product in the production of cheese, fat based deserts, and various canned products is expected to have a positive impact on the industry over the next seven years. Furthermore, the product has been approved by the WHO and FAO bodies as a safe food additive in the production of numerous food products.
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The product is primarily manufactured through reactions between silica and calcium oxide in various ratios. Its demand largely depends on needs from various end-use industries including construction, pharmaceutical, and food & beverages. Rise in these markets is expected to augment the products need over the next seven years.
The product is further employed in the other applications including roads, insulation, bricks, table salt, and cement, where it is referred to as belite. Rising government expenditure for infrastructure development in emerging economies including India, China, and Brazil is expected to have a positive impact on the industry over the next seven years.
Global consumption of ceramic tiles, cement, and roof tiles has increased over a last few years, on account of tremendous growth in the construction sector, particularly in India, China, and South Korea. Rapid urbanization, rising disposable incomes, and growing population are expected to be key drivers for the market, which in turn will propel calcium silicate demand over the next seven years.
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