According to the recent research report titled ‘Global Calcium Silicate Market, 2021-2027’, available with MarketStudyReport, global calcium silicate market is projected to multiply with a CAGR of 4.8% during 2021-2027.
 

Global calcium silicate market is mainly driven by rising government expenditure on infrastructural development, increasing production application in expanding food & beverage sector, and growing usage in construction sector.
 

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For the unversed, calcium silicate, or calcium orthosilicate, is a white powder made from limestone and diatomaceous earth. It is produced by combining calcium oxide and silica in different ratios. It has a superior physical water absorption and low bulk density, making it favorable for use as an anti-caking agent in food & beverage sector, and in production of plastics, roofing products, and coatings.
 

Calcium silicate is widely employed in the insulation of industrial grade equipment and pipes. The demand for the substance is predicted to surge with increasing requirements for high-temperature insulating materials as a result of industrial expansion.
 

On the contrary, varying prices and low availability of raw material are anticipated to hamper the overall calcium silicate market remuneration scope over the analysis period.
 

With respect to application spectrum, the market is split into paints & coatings, insulation, fire protection, ceramics, and cement.
 

Coming to regional landscape, South America, Middle East & Africa, North America, Latin America, Asia Pacific, and Europe are the key contributors to the overall market development. Among these, Asia Pacific is likely to emerge as a major avenue for industry players in the coming years, owing to increasing construction activities in economies like India and China.
 

Leading companies profiled in global calcium silicate market report are Shandong Lutai Building Material Science and Technology Group Co. Ltd., Promat International (Etex Group), Morgan Advanced Materials plc, Johns Manville Corporation, Hyderabad Industries Ltd., and GFS Chemicals Inc. among others.
 

Industry players are focusing on production capacity expansion and acquisition of new projects, and entering into long-term agreements and joint ventures to sustain market share and amplify profits.