North America Hygroscopic Building Material Market: Industry Overview and Forecast (2024-2030)

North America Hygroscopic Building Material Market Overview:

The North America 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 North America 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 North America 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.

North America Hygroscopic Building Material Market Dynamics:

Strong industrial presence

Since the advent of the COVID-19 pandemic, industrial real estate has proved its strength in North America. This has propelled e-growth commerce's and pushed the need for distribution space to new heights. According to a report released in June 2021, the United States would need to install 330 million square feet of warehouse space allocated to online delivery by 2025 in order to keep up with the predicted increase in e-commerce sales during the same time period. Demand for warehouse space in Canada vastly outnumbers availability, resulting in an increase in industrial construction. Following a 32% increase in online sales in 2020, Canada will need an additional 40 million square feet of warehouse space in the next 5 years to meet demand by 2025. Thus, the growth in industrialization and warehouses in North America is predicted to drive the need for North America Hygroscopic Building Material in the region.

Demand in the construction and mining sector

Construction is a major customer for several industries, including mining, manufacturing, and a variety of services. This includes all private and public real estate & commercial infrastructure development in the United States, which are a major source of labor. Canada is one of the world's richest countries and has one of the largest economies. Construction is the economy's backbone, responsible for constructing and maintaining the built infrastructure of cities, towns, and communities. Construction and infrastructure have grown dramatically in the recent decade, with over 50 skyscrapers erected in major cities such as Toronto, Vancouver, & Calgary. Infrastructure Canada has funded more than 6,500 projects to build & maintain thousands of kilometers of expressways & highways. Thus it drives the demand for North America Hygroscopic Building Material in North America.

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.

North America Hygroscopic Building Material Market Segment Analysis:

Based on application, the North America Hygroscopic Building Material market is classified into Building materials and structural application. In 2023, the building material category dominated the North America 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 North America 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.

North America Hygroscopic Building Material Market Regional Insights:

According to region, North America is a prominent market for the manufacture of Hygroscopic Building Materials, with a CAGR of 6.3 percent in terms of value during the forecast period. It is the second largest market. The region is an appealing investment hub for North America Hygroscopic Building Material makers due to the availability of materials and high demand in construction industry, as well as rising local demand. The Hygroscopic Building Material market in North America will be driven by urbanization, rising population, industrialization, & growing concerns about infrastructure development in China and India.

To understand the North America Hygroscopic Building Material industry and study the market trends. Focusing on the Type and application of North America 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 North America Hygroscopic Building Material Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the North America 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 North America Hygroscopic Building Material Market.

North America Hygroscopic Building Material Market Scope:

North America Hygroscopic Building Material Market Key Players:

• Porocel Corporation (US)
• W.R. Grace (US)
• Hengye Inc. (US)
• Criterion Catalysts & Technologies (USA)
• Cormetech (USA)
• Materia (USA)
• Quadra Chemicals (Canada)