The global calcium silicate boards market is estimated to display a moderate CAGR of more than 3% between the period of assessment from 2020 to 2030. The coronavirus pandemic will adversely impact the industry as construction and industrial applications were delayed following the coronavirus pandemic. Furthermore, disruptions in supplies from Asian manufacturers will also affect the market. The market is projected to display steady recovery towards 2021, with restrictions on construction projects are relaxed by governments to recovery economic growth.Get more news about Calcium Silicate Ceiling Tiles,you can vist our website!
"The rising number of residential and commercial construction projects in emerging economies such as China and India will bolster the need for calcium silicate boards for tile and cement applications. Major companies in the calcium silicate market have been moving production units to Asia on account of low costs of raw material and labor," says the FACT.MR report.
Acoustic tiles and ceramic false ceilings applications are expected to provide significant impetus to the demand for calcium silicate boards for the duration of the forecast period.
High density calcium silicate boards are reflecting strong growth, supported by demand for fire-resistant, insulation offerings in the building and construction sector.
Europe is a leading market for calcium silicate boards, supported by strict fire safety standard regulations in the region. However, Asian countries are reflecting strong growth on the back of lower production costs and major demand from residential construction projects in the region.
