03-Feb-2023 | Zion Market Research
The global calcium aluminate cement market size was worth around USD 1.1 Billion in 2021 and is predicted to grow to around USD 1.7 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.1% between 2022 and 2030.
Calcium Aluminate Cement (CAC) is a high-temperature cement made from a mixture of limestone and alumina. It is utilized in specialty cement applications that require resistance to high temperatures, moderate acids and alkalis, sulphates, and water. It is also utilized when immediate strengthening is desired. In contrast to calcium aluminate cement, Portland cement is made by the interaction of lime and clay. Portland cement hardens faster but takes longer to reach the strength of hardened calcium aluminate cement. Both calcium aluminate cement and Portland cement must be activated with water and have comparable application processes.
The increased use of monolithic refractories to replace traditional refractories will drive CAC consumption. CAC is primarily utilized in monolithic refractory products with improved characteristics and a variety of installation technologies, including ultra-low cement, low cement, high-density, low moisture, pumpable, self-flowing, and shotcrete (formless) castables. Moreover, product utilization will be influenced positively by an optimistic outlook for the global building and infrastructure industry. CAC is primarily used in building chemistry for self-leveling toppings, sealers, non-shrink grouts, repair mortars, bedding mortars, and other applications.
Government initiatives, fast urbanization, public and private investments, and a rising population are among the key contributors to the global construction industry's expansion and will increase CAC consumption for building chemistry in the next years. However, the chloride chemical attack, resulting in surface softening acts as a major challenge for the global calcium aluminate cement market growth over the forecast period.
The global calcium aluminate cement market is segmented based on type, application and region.
Based on the type, the calcium aluminate cement industry is bifurcated into CAC 40, CAC 50, CAC 60, and CAC 70-80. The CAC 40 segment accounted for the largest revenue share in 2021 and is expected to continue the same pattern during the forecast period. The growth in the segment is attributable to its versatility and inexpensive cost in the refractory and building industries. In the refractory industry, CAC 40 is used to make low-duty refractory concretes; however, in the construction industry, it is combined with other reactive minerals to create a binder that can be used to make a variety of products, such as self-leveling floor products, non-shrink grouts, and fast-setting patch materials.
On the other hand, the CAC 50 type segment holds a significant market share during the forecast period. It is produced on a typical rotary kiln utilizing high-purity bauxite and limestone and has a minimum alumina concentration of 50%. Due to its light color and excellent reactivity, CAC 50 is employed not only in refractory but also in the building chemistry industry.
Based on the application, the global calcium aluminate cement market is categorized into refractory, building chemistry, technical concrete, pipe & wastewater, and mining. The pipe & wastewater segment is projected to hold the largest market share over the forecast period. The growth in the segment is owing to the use of calcium aluminate cement in the water treatment procedure due to its exceptional characteristics. On the other hand, the building chemistry segment is expected to grow at the highest CAGR over the forecast period. Different building chemistry items include floor leveling compounds, sealers, quick floor screeds, tile adhesives, bedding mortars, tile grouts, and repair mortars.
This extensive line of goods has Portland cement and CAC as their mineral base. Slag, admixtures, gypsum, polymers, lime, and fine calcareous material may also be included in the blend. Thus, driving the segmental growth over the forecast period.
North America is expected to dominate the global calcium aluminate cement market over the forecast period. The growth in the region is owing to the rising refractory demand, increased cement production, and robust iron and steel growth. Furthermore, the region is experiencing rapid expansion in the commercial, residential, road, and home renovation sectors.
On the other hand, the Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to rapid urbanization and rising government initiatives for infrastructural developments. In addition, China and India are the two largest cement-producing countries, with China alone accounting for roughly half of the global cement output. Thus, driving the growth of the market in the region.
This review is based on a report by Zion Market Research, titled “Calcium Aluminate Cement Market By Type (CAC 40, CAC 50, CAC 60, and CAC 70-80), By Application (Refractory, Building Chemistry, Technical Concrete, Pipe & Wastewater, and Mining) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/global-calcium-aluminate-cement-market
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