(EMAILWIRE.COM, February 23, 2023 ) The global Hygroscopic Building Material Market size is estimated at USD 818 million in 2022 and is projected to reach USD 1,120 million by 2027, at a CAGR of 6.5%. The demand for hygroscopic building material is primarily driven by the rising demand from emerging markets and growth of construction industry globally. However, depletion of raw material are key challenges faced by manufacturers of hygroscopic building material.
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Asia Pacific is a key market for the production of hygroscopic building materials production and is projected to grow at a CAGR of 7.0% in terms of value during the forecasted period. The availability of low-cost raw materials and labor, coupled with increasing domestic demand, makes the region an attractive investment destination for hygroscopic building materials manufacturers. The Chinese market is the key target for various international players and regional players due to the availability of cheap labor, natural resources, and supportive government policies. This has influenced the use of hygroscopic building material in industrial production.
Based on type, inorganic minerals/clays has the largest share in the global Hygroscopic Building Material Market. Bentonite is a naturally occurring material produced by the alteration of volcanic ash in marine environments. It mainly consists of the clay mineral smectite, usually montmorillonite which is a highly adsorbent, chemically inert, and non-corrosive substance. Bentonite possesses exceptional hygroscopic properties, plasticity and lubricity, high shear and compressive strength, high dry-bonding strength, low permeability, and low compressibility that make bentonite commercially viable. Bentonite is widely used in foundry sand binding, drilling mud, iron ore palletization, and as a waterproofing and sealing agent in civil engineering works. It has an ability to swell and gel when dispersed in water, which facilitates its use in construction applications, mainly in excavation and foundation works.
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Browse 117 Market Data Tables And 45 Figures Spread Through 164 Pages And In-Depth TOC On “Hygroscopic Building Material Market
Based on application, The building material segment dominated the hygroscopic building material market, with a share of 60.4% in terms of value, of the overall market in 2021. Hygroscopic building materials such as amorphous silica, activated alumina, and calcium oxides are used in concrete materials owing to their excellent moisture adsorbing ability. Lime or calcium oxide is one of the principal ingredients in the production of portland cement, the basis for most mortars and concrete
The key players in this market are Porocel Corporation (US), W.R. Grace (US), Clariant (Switzerland), BASF SE (Germany), Arkema SA (France), Honeywell International (UK), Jalon Chemicals (China), Hengye Inc (US), Dessica Chemicals (India), and Fuji Silysia Chemical Ltd. (Japan).
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