Hygroscopic Building Material Market: Global Industry Overview and Forecast (2024-2030) Trends, Dynamics and Segmentation

Hygroscopic Building Material Market Overview:

The Hygroscopic Building Material Market was valued at USD 0.87 billion in 2023, and is predicted to grow at a CAGR of 6.5 percent to USD 1.35 billion by 2030.

 

 The Hygroscopic Building Material Market is studied by segments like Type (Inorganic Minerals/Clays, Inorganic Salts, Natural Hygroscopic Materials, Molecular Sieve, Silica/Silicon Dioxide, Others), Application (Building Material, Structural Application) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.

 

For the forecast period of 2024 to 2030, the report provides a complete analysis that reflects today's Hygroscopic Building Material Market realities and future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.

 

 

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COVID-19 Impact on Hygroscopic Building Material Market:

The lockdown & general containment approach taken to limit the spread of the COVID-19 pandemic had a substantial influence on the European construction sector, given that Western Europe was one of the most badly afflicted regions by the epidemic. Seasonally-adjusted production in the EU construction industry declined by 11.7 percent Month on Month in April 2020, according to early estimates from Eurostat, the European Union's statistical office. The global supply chain had been disrupted in a variety of ways in various parts across the world. The supply of construction materials had been halted due to travel restrictions and supply chain disruption.

 

Hygroscopic Building Material Market Dynamics:

The emerging markets are increasing the demand

 

In the last decade, the Asia Pacific area has experienced rapid industrial growth. As a result, hygroscopic construction materials have become more popular in a variety of applications. Due to rising demand for residential, commercial, and industrial development, developing nations in the region, including as China and India, are likely to see significant expansion in the hygroscopic building material market. The market is also influenced by people's changing lifestyles and their need for comfortable working and living settings. During the projected period, these factors are expected to enhance the Asia Pacific hygroscopic building material market.

 

Population growth and fast urbanization are both opportunities

 

Global population is expected to reach 9.5 billion by 2050, according to the United Nations Department of Economic & Social Affairs/Population Division and World Population.  New development in the residential and commercial sector has increased as a result of the growing population and also the industrial recovery that followed the economic downturn. The rise of the hygroscopic building material market has been spurred by the movement of rural populations to urban regions and the conversion of towns into cities. China, India, and other Asian countries had a total population of almost 4.6 billion people in 2021, according to the Population Reference Bureau. While the United Nations Development Programme's APAC Human Development Report issued in 2019 predicted that the Asia Pacific's overall population would reach 4.99 billion by 2050, with 64 percent of the people likely to live in cities. During the next two decades, rising household incomes and an expanding middle-class population are likely to drive demand for new construction projects.

 

Concerns about the environment and safety

 

When hygroscopic elements are combined with concrete, they might induce bleeding. Excess humidity is caught and held in the structure when the concentration of hygroscopic substance employed as an addition is unstable. This can jeopardize the building's stability and pose a risk to the individuals who live there. Furthermore, when minerals like silica are disposed of improperly, they can sit in landfills or the ocean for years without decomposing. This has the potential to have a long-term impact on the environment. Silicosis, a long-term lung illness, can also be caused by excessive silica exposure. The most frequent type of pneumoconiosis is silicosis, which is caused by inhaling crystalline silica dust. In most parts of the world, silicosis is regarded as a silent killer of workers. If ingested, silica/silicon dioxide can potentially cause choking. Such elements can have a negative impact on the environment as well as people's safety.

 

Hygroscopic Building Material Market Segment Analysis:

Based on application, the Hygroscopic Building Material market is classified into Building materials and structural application. In 2023, the building material category dominated the hygroscopic building material market, accounting for 60.4 percent of the overall market in terms of value. Because of their outstanding moisture adsorption ability and wide range of applications in concrete materials & dewatering additives, amorphous silica, activated alumina, & calcium oxides are commonly employed in building materials. Concrete is a hardening construction material made from cement, fine aggregates (sand), plus coarse aggregates combined with water. Cracks, which are mostly caused by poor volume stability, as well as causes like as freeze-thawing, alkali-aggregate reactions, carbonization, chemical assaults, and rebar corrosion, have a significant impact on the longevity of concrete materials and structures.

 

 

Based on Type, the Hygroscopic Building Material market is classified into Inorganic Minerals/Clays, Inorganic Salts, Natural Hygroscopic Materials, Molecular Sieve, Silica/Silicon Dioxide, Others. The inorganic salts category grew at the quickest rate, with a CAGR of 6.8% over the forecast period. One of the most commonly utilized inorganic salts is calcium chloride. Calcium chloride has a high efficiency compared to other hygroscopic minerals like silica/silicon dioxide & clay, and has a variety of uses in the construction sector, including dust management, gravel stability, concrete acceleration, and more. Calcium chloride attracts moisture from the air (and holds moisture provided during construction and maintenance activities) in these applications, reducing road degradation by binding fine and coarse gravel particles together.

 

Hygroscopic Building Material Market Regional Insights:

According to region, Asia Pacific is a prominent market for the manufacture of hygroscopic building materials, with a CAGR of 7.0 percent in terms of value during the forecast period. The region is an appealing investment hub for hygroscopic building material makers due to the availability of low-cost labour and materials, as well as rising local demand. The hygroscopic building material market in this area will be driven by urbanization, rising population, industrialization, & growing concerns about infrastructure development in China and India.

 

The European market for hygroscopic construction materials is the second largest. The largest nations in the European hygroscopic building material market are Germany, Italy, France, Spain, the United Kingdom, and Russia. The developed economies of the region, such as the United Kingdom, France, Italy, Spain, & Germany, have a strong industrial basis. The demand for hygroscopic construction materials in Europe is being driven by the growing need for a good working environment in these countries' businesses.

 

 

To understand the Hygroscopic Building Material industry and study the market trends. Focusing on the Type and application of Hygroscopic Building Material, knowing the drivers and challenges of the same. Understanding the market segment geographically to gauge the growth potential.

 

The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the Hygroscopic Building Material Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the Hygroscopic Building Material Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the Hygroscopic Building Material Market.

 

Type (Inorganic Minerals/Clays, Inorganic Salts, Natural Hygroscopic Materials, Molecular Sieve, Silica/Silicon Dioxide, Others), Application (Building Material, Structural Application

 

Hygroscopic Building Material Market Scope:

 

Hygroscopic Building Material Market Scope
Market Size in 2023	USD 0.87Bn.
Market Size in 2030	USD 1.35Bn.
CAGR (2023-2030)	6.5 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2023-2030
Segment Scope	by Type Inorganic Minerals/Clays Inorganic Salts Natural Hygroscopic Materials Molecular Sieve Silica/Silicon Dioxide Others
	by Application Building Material Structural Application
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Hygroscopic Building Material Market Key Players:

• 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)
• Fuji Silysia Chemical Ltd. (Japan)
• Sorbead (India)
• Criterion Catalysts & Technologies (USA)
• Cormetech (USA)
• Materia (USA)
• Quadra Chemicals (Canada)