Global Calcium Silicate Insulation Market projected to grow to USD 438.90 million by 2033

From GlobeNewswire: 2024-07-06 02:00:00

The Global Calcium Silicate Insulation Market is projected to grow from USD 281.42 million in 2023 to USD 438.90 million by 2033, with a CAGR of 4.54%. Calcium silicate insulation is an inorganic, non-combustible material that provides strong insulation, making it ideal for high-temperature environments. The industrial insulation segment is expected to dominate the market due to its unique properties and demand in workplaces.

Calcium silicate insulation sheets are experiencing increased demand due to their thermal insulation, fire resistance, and durability, especially in industries like oil and gas, petrochemicals, and power generation. The high-temperature segment is predicted to hold the largest share in the calcium silicate insulation market, as it is used in applications requiring resistance to high temperatures such as kilns and furnaces.

Asia Pacific is expected to lead the global market for calcium silicate insulation due to growing investments in end-use industries such as power generation and petrochemicals. North America is projected to witness the fastest growth, driven by increased manufacturing capacity and investments in industries like transportation and power generation. The US is the largest market in North America for calcium silicate insulation.

Key vendors in the Global Calcium Silicate Insulation Market include Skamol, A&A Material Corporation, Promat (Etex Group), and others. Recent developments include Isolatek’s acquisition by an affiliate of SK Partners, aiming to enhance global fire safety standards. The market is segmented based on application, form, temperature, and region for comprehensive analysis.



Read more at GlobeNewswire: Global Calcium Silicate Insulation Market Size To Worth USD