Global Hygroscopic Building Material Market (2022 to 2027) - Increasing Population and Rapid Urbanization Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hygroscopic Building Material Market by Adsorption Process, End Use, Type (Inorganic Minerals, Inorganic Salts, Natural Materials, Molecular Sieve, Silica/Silicon Dioxide), Application (Building Material, Structural) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global hygroscopic building material market size is projected to grow from USD 818 million in 2022 to USD 1,120 million by 2026, at a CAGR of 6.5% between 2022 and 2027.

Rising demand from emerging markets and growth of construction industry globally are expected to offer significant growth opportunities to manufacturers of hygroscopic building materials.

Inorganic Minerals/Clays accounted for the largest share in the hygroscopic building material market in terms of value

The inorganic minerals/clays segment dominated the overall hygroscopic building material market, with a share of 34% in terms of value, in 2021. The market size of the inorganic minerals/clays segment was USD 268.5 million in 2021 and is projected to reach USD 376.3 million by 2027, at a CAGR of 6.3% from 2022. The segment dominates the market due to their increasing demand for concrete as well as structural applications owing to their superior hygroscopic properties, ease of availability, and low cost.

Dewatering additives is the fastest growing construction material application of hygroscopic building material

Dewatering is defined by the MPCA Construction Stormwater General Permit as "the removal of surface or groundwater to dry and/or solidify a construction site to enable construction activity." Construction sites often have pits, trenches, or low-lying areas, whether from the site's existing topography or from excavated areas that can fill with water. This water often needs to be removed and discharged from the area to allow work to continue and to prevent damage and accidents to the structural integrity of the site. Hygroscopic materials such as polymers, alumina, and clays are widely used as dewatering additives in the building & construction industry to remove excess water using chemical processes.

North America is estimated to be the second-largest market for hygroscopic building material

Europe is the second-largest market for hygroscopic building materials. Germany, Italy, France, Spain, the UK, and Russia are the major countries in the European hygroscopic building material market. The region has a strong industrial base in developed economies such as the UK, France, Italy, Spain, and Germany. The increasing necessity of a pleasant working environment in industries of these countries is driving the demand for hygroscopic building material market in Europe.

Market Dynamics

Drivers

• Rising Demand from Emerging Markets
• Growth of Construction Industry Globally

Restraints

• Environmental and Safety Concerns

Opportunities

• Increasing Population and Rapid Urbanization
• Increase in Residential, Industrial, and Commercial Construction

Challenges

• Depletion of Raw Materials

Companies Mentioned

• Absortech
• Alfa Aesar
• Arkema Sa
• Basf Se
• Clariant
• Desicca Chemicals Pvt. Ltd.
• Ep Minerals
• Fuji Silysia Chemical
• Graver Technologies
• Haycarb plc
• Hengye Inc.
• Honeywell International Inc.
• Jalon
• Kureha Corporation
• Molecular Products Inc.
• Molsivcn Adsorbent Co. Ltd
• Multisorb Technologies
• Nedex
• Porocel Corporation (Evonik)
• Sercalia
• Silicycle Inc.
• Sorbead India
• W.R. Grace
• Zeochem
• Zeolyst International

For more information about this report visit https://www.researchandmarkets.com/r/pe627d