North America Hygroscopic Building Material Market is expected to grow at a CAGR of 6.3% during the forecast period and the market is expected to reach US$ 0.33 Bn. in 2027 from US$ 0.23 Bn in 2021.
The Type (Inorganic Minerals/Clays, Inorganic Salts, Natural Hygroscopic Materials, Molecular Sieve, Silica/Silicon Dioxide, Others), Application (Building Material, Structural Application), and Region segments of the North America Hygroscopic Building Material Market are investigated (North America, Europe, Asia-Pacific, and Rest of the World). The report includes the market's Trend, Forecast, Competitive Analysis, and Growth Opportunities.
North America Hygroscopic Building Material Market Report Scope and Research Methodology:
The SMR research offers an overview of the North America Hygroscopic Building Material market share and rival sector, as well as an analysis of the major players and leading regions. This analysis includes the historical trends, revenue, capacity, cost structure, and major drivers of the North America Hygroscopic Building Material market. The report aims to provide North America Hygroscopic Building Material market's present size, growth rates, and company profiles of the top players and producers.
The report on North America Hygroscopic Building Material Market covers market size and analysis for applications, economic factors, and geographic divisions in addition to a complete investigation of important market characteristics. The bottom-up approach was employed to estimate the North America Hygroscopic Building Material market size by value and volume. An in-depth analysis of the regional development is included, along with information on the important growth indicators, geographical challenges, and threats faced by the North America Hygroscopic Building Material market.
The North America Hygroscopic Building Material research provides a thorough analysis and reliable revenue information on the market player. The following details are provided: a description of the company, its primary operations, total earnings and sales, revenue generated in the North America Hygroscopic Building Material market, the entry date into the North America Hygroscopic Building Material market, recent developments, and other details.
North America Hygroscopic Building Material Market Overview:
SMR published a report on North America Hygroscopic Building Material Market. The North America Hygroscopic Building Material market report is a combination of primary data and secondary data, and domain expert has analysed the market from local as well as point of view. As per the report, the North America Hygroscopic Building Material market is expected to grow at a high rate during the forecast period.
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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)
North America Hygroscopic Building Material Market Drivers:
Since the COVID-19 pandemic, industrial real estate has proven its strength in North America. This has accelerated e-commerce growth and increased the demand for distribution space to new heights. According to a report published in June 2021, the United States would need to install 330 million square feet of warehouse space dedicated 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 supply, resulting in an increase in industrial construction. Following a 32% increase in online sales in 2020, Canada will require an additional 40 million square feet of warehouse space over the next five years to meet demand by 2025.
North America Hygroscopic Building Material Market Segmentation:
The North America Hygroscopic Building Material market is divided into two applications: building materials and structural application. The building material category dominated the North America Hygroscopic Building Material market in 2021, accounting for 60.4 percent of total market value. Amorphous silica, activated alumina, and calcium oxides are frequently used in building materials due to their excellent moisture adsorption ability and wide range of applications in concrete materials and dewatering additives. Concrete is a hardening building material made of cement, fine aggregates (sand), and coarse aggregates mixed with water.
Inorganic Minerals/Clays, Inorganic Salts, Natural Hygroscopic Materials, Molecular Sieve, Silica/Silicon Dioxide, and Others are the types of North America Hygroscopic Building Material market. With a CAGR of 6.8% over the forecast period, the inorganic salts category grew the fastest. Calcium chloride is one of the most commonly used inorganic salts. Calcium chloride has a high efficiency when compared to other hygroscopic minerals such as silica/silicon dioxide and clay, and it has a wide range of applications in the construction industry, 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:
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of North America Hygroscopic Building Material market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Key Questions answered in the North America Hygroscopic Building Material Market Report are:
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North America Hygroscopic Building Material Market , Caravan and Motorhomes Market
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 19, 2023
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