Calcium Silicate Boards Market to Expand at 3.6% CAGR Amid Surging Demand for Better Insulating Construction Materials Gaining 180 BPS, Calcium Silicate Boards Sales to Skyrocket in Petrochemicals Industry

Calcium Silicate Boards Market to Expand at 3.6% CAGR Amid Surging Demand for Better Insulating Construction Materials Gaining 180 BPS, Calcium Silicate Boards Sales to Skyrocket in Petrochemicals Industry

Fact.MR's latest report on calcium silicate boards market offers unbiased industry analysis for the period between 2021 and 2031. The study divulges exclusive information about existing opportunities and emerging trends across leading segments in terms of board size, application, and end use.

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NEW YORK, Nov. 24, 2021

NEW YORK, Nov. 24, 2021 /PRNewswire/ -- According to the latest Fact.MR analysis, the global calcium silicate boards market is projected to reach a valuation of around US$ 2.43 Bn by 2031. The overall sales of calcium silicate boards are anticipated to increase at 3.6% CAGR during the assessment period of 2021 and 2031.

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Growing demand for better insulation boards across various industries such as petrochemicals, steel, and construction is driving the calcium silicate boards market.

Calcium silicate boards have emerged as ideal alternatives for various construction materials such as gypsum boards. They are waterproof, possess higher strength and offer better thermal and corrosion resistance. Hence, they are extensively used across various applications, such as ceilings, pipes, and wall façade.

Also, rising fire incidences across residential and industrial infrastructures has augmented the demand for better insulating construction materials such as calcium silicate boards. Further, increasing consumption of calcium silicate boards in petrochemical and steel industries, especially from pipe section, equipment insulation, and refractories will continue to boost the sales.

Rapid urbanization and surging demand for sustainable building products is anticipated to accelerate the growth of calcium silicate boards market during the assessment period.

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As per Fact.MR, demand for calcium silicate boards in building and construction industry will rise at 4.6% CAGR over the forecast period of 2021 and 2031. With calcium boards increasingly used in construction and building industry, sales are expected to increase as they can be easily drilled & machined.

Regionally, Europe is projected to register growth at a CAGR of 4.3 % between 2021 and 2031, accounting for around 40% of global demand by 2031. Growth is primarily attributed to rising demand for better insulating materials across various end use industries, such as petrochemicals and construction.

"Increasing scope of calcium silicate boards in petrochemicals and steel & glass industries is anticipated to create lucrative growth opportunities for key market players in future. Besides this, rising need for sustainable construction will propel the demand for calcium silicate boards over the forecast period," says a Fact.MR analyst

Key Takeaways from Calcium Silicate Boards Market Survey

Key Drivers

Key Restraints

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Competitive Landscape

Leading players operating in the calcium silicate boards market are adopting various expansion strategies such as product launches, mergers, partnerships, acquisitions, and collaborations with leading distributors to gain competitive edge in the market.

They are also utilizing online distribution channels with an aim to expand their global footprints. For instance,

Some of the prominent players operating in the calcium silicate boards market profiled by Fact.MR are:

More Insights on the Global Calcium Silicate Boards Sales Outlook

Fact.MR offers an exhaustive analysis on the global calcium silicate boards market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for calcium silicate boards with a detailed segmentation on the basis of:

Board Size

Application

End Use

Key Questions Covered in the Calcium Silicate Boards Market Outlook Report

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