Demand For Calcium Silicate Boards Is Anticipated To Rise At A CAGR Of 4.6% During The Forecast Period 2022-2032

Market Snapshot

Global calcium silicate boards market valuation is anticipated to increase at a CAGR 3.6% over the forecast period of 2021 to 2031. The market was valued at US$ 1.68 Bn in 2020, which amounted to approx. 20% share of the overall insulation board market, as per the latest study by Fact.MR, a market research and competitive intelligence provider.

Growth of the calcium silicate boards market is attributed to surge in insulation requirements from industries such as petrochemicals and chemicals, which capture the requisite demand of nearly 25% of the market.

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The calcium silicate boards market is anticipated to create an absolute dollar opportunity of US$ 300 Mn over the forecast period (2020-2030).

Key Takeaways from Calcium Silicate Boards Market Study

• The global calcium silicate boards market is anticipated to add 1.3X value by 2030.
• 1000 X 500 mm calcium silicate boards capture nearly 50% of the global market, and are set to create an opportunity of US$ 160 Mn over the next ten years
• Climate boards is the fastest growing segment in the calcium silicate boards 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 180 BPS in its market share by 2030. The building and construction segment is anticipated to lose around 70 BPS over the same time period.
• Europe holds a leading share in the global calcium silicate boards market, of which, Germany accounts for most of the demand.
• The COVID-19 pandemic has affected the global economy in several ways. A significant market crunch is anticipated for oil & gas and chemical processing industries, attributed to shortfalls in macroeconomic factors such as buying power, demand contraction, and others, adversely affecting the calcium silicate boards market in the short term.

“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.

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Key Segments Covered in Calcium Silicate Boards Industry Survey

• By Board Size

  • 1000 X 500 mm Calcium Silicate Boards
  • 1200 x 2500 mm Calcium Silicate Boards
  • 2400 x 1220 mm Calcium Silicate Boards
  • Others

• By Application

  • Climate Boards
  • Pipe Section
  • Equipment Insulation
  • Fire Protection
  • Chimneys

• By End Use

  • Calcium Silicate Boards for Petrochemical Industry
  • Calcium Silicate Boards for Furnaces
  • Calcium Silicate Boards for Steel Industry
  • Calcium Silicate Boards for Glass Industry
  • Calcium Silicate Boards for Aluminum Industry
  • Calcium Silicate Boards for Cement Industry
  • Calcium Silicate Boards for Marine Industry
  • Calcium Silicate Boards for Building & Construction Industry
  • Others

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Key Country-wise Inclusions

• US Calcium Silicate Boards Market
  • Canada Calcium Silicate Boards Market Sale
  • Germany Calcium Silicate Boards Market Production
  • UK Calcium Silicate Boards Market Industry
  • France Calcium Silicate Boards Market
  • Spain Calcium Silicate Boards Market Supply-Demand
  • Italy Calcium Silicate Boards Market Outlook
  • Russia & CIS Market Analysis
  • China Calcium Silicate Boards Market Intelligence
  • India Calcium Silicate Boards Market Demand Assessment
  • Japan Calcium Silicate Boards Market Supply Assessment
  • ASEAN Calcium Silicate Boards Market Scenario
  • Brazil Calcium Silicate Boards Market Sales Analysis
  • Mexico Calcium Silicate Boards Market Sales Intelligence

Crucial insights in the Calcium Silicate Boards Market research:

• Underlying macro- and microeconomic factors impacting the growth of the Calcium Silicate Boards Market Basic overview of the Calcium Silicate Boards Market including market definition, classification, and applications.
• Scrutinization of each Calcium Silicate Boards Market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of Calcium Silicate Boards Market across various industries.
• Important regions and countries offering lucrative opportunities to Calcium Silicate Boards Market stakeholders.

For More Insights- https://www.prnewswire.com/news-releases/boom-lifts-account-for-nearly-50-aerial-work-platform-revenues-factmr-301214009.html

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