The North American hygroscopic building material market is anticipated to grow at a compound annual growth rate (CAGR) of 6.3% over the forecast period, with projections estimating the market will reach approximately USD 0.40 billion by 2030, up from USD 0.26 billion in 2023.
Market Overview: The North American hygroscopic building material market is analyzed across various segments, including Type (Inorganic Minerals/Clays, Inorganic Salts, Natural Hygroscopic Materials, Molecular Sieve, Silica/Silicon Dioxide, and Others), Application (Building Material, Structural Application), and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report provides insights into market trends, forecasts, competitive analysis, and growth opportunities.
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Market Dynamics:
Industrial Growth: The COVID-19 pandemic has underscored the resilience of industrial real estate in North America, driving a surge in e-commerce and elevating the demand for distribution space. A June 2021 report highlights that by 2025, the U.S. will require an additional 330 million square feet of warehouse space to accommodate the projected rise in e-commerce sales. Similarly, Canada is experiencing a significant shortage of warehouse space, exacerbated by a 32% increase in online sales in 2020. An additional 40 million square feet of warehouse space will be necessary in Canada over the next five years to meet future demand. This expansion in industrial and warehouse infrastructure is expected to boost the demand for hygroscopic building materials in the region.
Segment Analysis:
Application: The market is divided into Building Materials and Structural Applications. In 2023, Building Materials held the largest market share, representing 60.4% of the total market value. Hygroscopic materials such as amorphous silica, activated alumina, and calcium oxides are widely used in building materials due to their superior moisture adsorption properties. These materials are essential in concrete and dewatering additives, which help address issues like cracks, freeze-thaw damage, alkali-aggregate reactions, carbonation, and rebar corrosion that impact the durability of concrete structures.
Type: The market is segmented into Inorganic Minerals/Clays, Inorganic Salts, Natural Hygroscopic Materials, Molecular Sieve, Silica/Silicon Dioxide, and Others. The Inorganic Salts segment is experiencing the fastest growth, with a CAGR of 6.8% projected for the forecast period. Among these, calcium chloride is a prominent inorganic salt due to its efficiency and versatility in construction applications. It is commonly used for dust control, gravel stabilization, and concrete acceleration. Calcium chloride effectively attracts and retains moisture, enhancing construction processes and reducing road degradation by binding gravel particles.
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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)
Key questions answered in the North America Hygroscopic Building Material Market are:
- What is North America Hygroscopic Building Material?
- What was the North America Hygroscopic Building Material market size in 2023?
- What is the growth rate of the North America Hygroscopic Building Material Market?
- Which are the factors expected to drive the North America Hygroscopic Building Material market growth?
- What are the different segments of the North America Hygroscopic Building Material Market?
- What growth strategies are the players considering to increase their presence in North America Hygroscopic Building Material?
- What are the upcoming industry applications and trends for the North America Hygroscopic Building Material Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the North America Hygroscopic Building Material Market?
- What segments are covered in the North America Hygroscopic Building Material Market?
- Who are the leading companies and what are their portfolios in North America Hygroscopic Building Material Market?
- What segments are covered in the North America Hygroscopic Building Material Market?
- Who are the key players in the North America Hygroscopic Building Material market?
For a detailed overview of this study, click here: https://www.stellarmr.com/report/North-America-Hygroscopic-Building-Material-Market/1218
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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