Japan calcium silicate Market is projected to grow at a CAGR of 4.4% during 2023-2029F

The insulation segment on the basis of application registered the highest revenue share in Japan Calcium Silicate Market – 6Wresearch

By applications, insulation captured the highest market revenue share in 2022 and would also be leading the market during the forecast period on account of government-backed projects such as minamikoiwa 6-chome district type one urban Redevelopment 2026, Shibuya scrambles square phase II 2027, and other developmental projects which would create a demand for calcium silicate in the coming years as it is ideal for a wide range of use cases in insulation, such as commercial and industrial.

According to 6Wresearch, the Japan calcium silicate Market is projected to grow at a CAGR of 4.4% during 2023-2029F. Japan calcium silicate industry has grown at a decent rate in recent years on account of the construction and infrastructure sector in January 2018-19, Japan invested US$13.9 billion in the development of the Metropolitan Inter-City Expressway and development for the Tokyo 2020 Olympic Games which has increased the demand for calcium silicate as it is used in the construction industry for insulation, fire protection, and acoustic applications.

In the coming years market is expected to grow on the back of the growing hospitality sector, and rise in infrastructure projects which could contribute to demand for calcium silicate in the upcoming period. For instance, Mitsubishi Estate plans to add about 50 rental residential units in Torch Tower, by 2027. In 2024, Tokyo Tatemono and Hotel Properties Limited are expected to complete the One Dojima Project, which comprises the 466-unit Brillia Tower and the 178-room Four Seasons Hotel Osaka. Moreover, the Japan 2030 agenda for sustainable development, World Expo 2025 in Osaka, would drive investment in infrastructure, and energy projects, which would increase the demand for calcium silicate for better insulation, fire protection, and others.

According to Ravi Bhandari, Research Head, 6Wresearch, the insulation segment is estimated to rise in the years to come followed by the fire protection and cement segment as they have a wide application in the construction industry and with upcoming urban development plan, World Expo 2025 in Osaka and others would boost the calcium silicate market in construction and infrastructure sector in the coming years.

The Japan Calcium Silicate Market (2023-2029) report provides an in-depth analysis with 10 figures and 5 tables, covered in 64 pages. The report comprehensively covers the market by application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.