Report Code: 12867 | Available Format: PDF | Pages: 240
The hygroscopic building material market generated revenue of USD 866.7 million in 2023, which is expected to witness a CAGR of 7.8% during 2024–2030, reaching USD 1,443.5 million by 2030. This will be due to the rising demand for residential, commercial, and industrial buildings, population growth, rapid urbanization, modification of people’s lifestyle, increasing requirement for conducive working conditions, and post-pandemic recovery.
The inorganic minerals category dominated the market, with a share of 60%, in 2023. This is due to the increasing demand for these materials for structural applications and the broad range of applications of concrete since it possesses hygroscopic attributes, low cost, and simple accessibility. Clays are an essential ingredient of ceramics, plasters, and bricks owing to their excellent strength, thermal resistance, and durability.
Furthermore, the rigorous advancements in technology boosted their utility, driven by the ongoing research and development initiatives. These materials now have wider applications, thus enhancing their significance in the evolving construction industry. This ability to adjust according to the changing consumer demands and market conditions has cemented their position as market leaders.
The inorganic salts category is expected to witness the highest CAGR, of 8%, from 2024 to 2030. These salts absorb and release moisture, making them suitable for materials designed to adjust indoor humidity. Hence, the widespread acceptance of inorganic salts is due to enhanced focus on developing healthier indoor environments. As people are becoming more concerned about indoor air quality and its impact on wellbeing, materials that actively manage moisture and suppress the growth of mold are gaining limelight.
Adaptability to different materials and applications is another factor for the expansion in the usage of these salts. Further, by spending money on research and development, the efficacy and application potential of inorganic salts is being increased.
Many inorganic salts have hygroscopic qualities, such as potassium carbonate and lithium chloride, which means they absorb moisture from the air and contribute to indoor humidity maintenance. Further Calcium chloride is a widely used inorganic salt as it offers higher efficiency compared to other hygroscopic materials, such as silica/silicon dioxide and clay. This is why it is widely used for gravel stabilization, concrete acceleration, dust control, and other applications in the building & construction industry. In these applications, small and coarse gravel particles are attached together by calcium chloride, which draws moisture from the air and retains it during construction and maintenance, to prevent road degradation.
Report Attribute | Details |
Market Size in 2023 |
USD 866.7 Million |
Market Size in 2024 |
USD 919.6 Million |
Revenue Forecast in 2030 |
USD 1,443.5 Million |
Growth Rate |
7.8% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Type; By Adsorption Process; By End Use; By Application; By Region |
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The building material category in the application segment is dominating the market with a share of 70%. These superior building materials help maintain the desired indoor air quality, control moisture, and are sustainable.
The dominance of this category on the hygroscopic building material market is due to the effectiveness in regulating moisture, adaptability to the changing industry trends, and versatility in a range of applications and climates. These qualities make them an ideal choice for builders and architects seeking Effective solutions to manage moisture and improve indoor environments. This is why they find wide application in walls, flooring, and insulation.
The residential category is predicted to hold a share of 30% in 2030.
Further, the popularity of eco-friendly building materials and designs is surging due to the increasing emphasis on energy-efficient homes and sustainable buildings. Innovative construction approaches and technologies that encourage sustainability, healthy living, and energy efficiency are being rapidly adopted in the residential real estate sector. The anticipated market share of this category is mainly due to the focus on sustainability.
Geographically, APAC is expected to grow with a CAGR of 10% from 2024 to 2030 in the market. The availability of inexpensive labor and materials, as well as the growing domestic demand for construction, makes it an attractive destination to invest for the manufacturers of hygroscopic building materials. Other powerful factors that drive the market here are urbanization, rising population, and growing concerns for sustainability in construction in India and China. In this region, China is the largest market.
In addition, the progress of APAC is greatly facilitated by government efforts. Presently, governments across the region are focused on smart cities, sustainable urban development, and transit networks. This is creating a lot of bright opportunities for the construction industry by driving the demand for materials that not only help building strong structures but also help achieve sustainability both during and after the construction phase.
founded in 1947, Porocel Corporation is one of the largest global producers of hygroscopic building materials.
W. R. Grace & Co., founded in 1854, is another major company in the market.
BASF SE, one of the largest chemical companies in the world, also operates in the market.
In June 2021, W. R. Grace & Co. fully acquired Albemarle’s fine chemistry services business to enhance Grace’s capacity for innovation and development in the material technologies field.
The report analyzes the impact of the major drivers and restraints on the hygroscopic building material market, to offer accurate market estimations for 2017–2030.
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