Hygroscopic Building Material Market by Type, Adsorption Process, End-User

Description

List of Tables

[185 Pages Report] The Hygroscopic Building Material Market size was estimated at USD 1.11 billion in 2023 and expected to reach USD 1.19 billion in 2024, at a CAGR 6.92% to reach USD 1.78 billion by 2030.

Hygroscopic building materials are a construction product category that can absorb, retain, and release moisture from the surrounding environment. These materials can effectively manage indoor humidity levels by absorbing excess moisture during high humidity and releasing it back into the atmosphere when conditions become drier. Hygroscopic building materials contribute to healthier indoor environments, improved energy efficiency, enhanced durability of structures, and better overall building performance. These materials help maintain comfortable indoor conditions while minimizing risks associated with excessive indoor humidity, such as mold growth and condensation on surfaces leading to damage to finishes and equipment or unfavorable living conditions for occupants. Utilizing hygroscopic building materials can contribute to the durability and longevity of structures. These materials help to prevent issues such as rotting or warping of structural components, corrosion of metals, or premature degradation of finishes by maintaining an optimal balance between humidity and dryness.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.11 billion
Estimated Year [2024]	USD 1.19 billion
Forecast Year [2030]	USD 1.78 billion
CAGR (%)	6.92%

Moreover, increasing manufacturers' focus on sustainable construction practices fuels interest in energy-efficient solutions that reduce heating and cooling loads. The implementation of stringent building codes and green certifications by various governments further necessitates the adoption of these advanced materials. The growing awareness about indoor air quality (IAQ) and its impact on human health is prompting architects, builders, and homeowners to incorporate hygroscopic materials into their project designs. However, high initial costs and limited understanding of these materials significantly impede the adoption of hygroscopic building materials. In addition, novel nanotechnology-based approaches have enabled the development of ultra-thin coatings with enhanced moisture buffering capabilities. Research on bio-based materials such as mycelium has opened up new possibilities for eco-friendly alternatives with superior hygroscopic performance.

Regional Insights

In the Americas, there is an increasing demand for sustainable construction materials that contribute to energy efficiency, which requires hygroscopic building materials. The North American Green Building Council's LEED certification has driven innovation in this sector by encouraging eco-friendly building practices. Hygroscopic building materials' regional manufacturers and providers continuously strive to meet the increasing demand and comply with stringent regulations while adapting to strategic market shifts. In the Asia-Pacific, rapid urbanization and increased consumer awareness regarding energy-efficient practices have raised the adoption of hygroscopic building materials due to their potential to improve air quality and energy efficiency indoors. China's Ministry of Housing and Urban-Rural Development (MOHURD) has implemented standards, including the Green Building Evaluation Standard (GBES), to promote sustainable construction materials. An aging population and shrinking workforce have prompted significant investments in automation within the construction sector, leading to innovations in advanced building materials in the APAC. In Europe, EU countries promote environmentally friendly building solutions due to strict regulations, including the Energy Performance of Buildings Directive (EPBD) and increased government support for green initiatives. These factors have fueled rapid research and investment in hygroscopic building materials. The Middle East possesses a unique climate characterized by high temperatures and humidity levels, requiring specialized hygroscopic building materials for optimal thermal comfort. Countries, including the UAE, are investing heavily in smart city projects emphasizing sustainability and energy efficiency. African countries showcase vast potential for hygroscopic building materials due to ongoing urbanization trends and growing awareness of sustainable development practices.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Hygroscopic Building Material Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising construction activities with growing expenditures on residential, commercial, and industrial construction
- Increasing consumer focus on standardizing indoor air humidity
- Growing urbanization coupled with rising consumer shift towards comfortable residential spaces

Market Restraints
- Safety issues associated with hygroscopic building materials

Market Opportunities
- Ongoing research and development activities for the advancement of hygroscopic building materials
- Increasing investments by manufacturers for energy-saving building construction materials

Market Challenges
- Complexity of predicting the moisture behavior of hygroscopic building materials

Market Segmentation Analysis
- Type: Improvements in inorganic salts and natural hygroscopic materials open up new approach for hygroscopic building materials
- End-User: Hygroscopic building materials are crucial for commercial, industrial, and residential users

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Hygroscopic Building Material Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Hygroscopic Building Material Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Beacon Acquires Silver State Building Materials in Nevada

Beacon, a building products distributor, announced the successful completion of its acquisition of Silver State Building Materials, a family-owned business based in Nevada. This strategic acquisition is a significant step forward for Beacon in achieving its "Ambition 2025" goals, prioritizing driving above-market growth. [Published On: 2023-06-13]

U.S. Silica Announces Launch of Groundbreaking EverWhite Pigment

U.S. Silica Holdings, Inc. has recently introduced EverWhite Pigment, a high-white pigment designed for various applications, including coatings, building materials, and more. This innovative product offers comparable performance to titanium dioxide (TiO2) and aluminum trihydrate (ATH), while also providing enhanced durability and hardness. The unique properties of EverWhite Pigment make it suitable for a wide range of uses, such as quartz countertops, cementitious products, fillers for plastics, coating formulations, and other building materials. [Published On: 2023-05-15]

Building Material From Residual and Waste Materials

Christian Doppler Laboratory has been officially inaugurated at Graz University of Technology (TU Graz) for waste-based geopolymer construction materials in the CO2-neutral circular economy. The primary objective of this project is to explore the development of sustainably produced concrete mixtures from mineral residues and waste materials. By doing so, these materials can be diverted from landfills and integrated into a CO2-neutral recycling economy. This project demonstrates the potential of hygroscopic building materials in enabling a sustainable and environmentally friendly construction industry. [Published On: 2023-03-08]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Hygroscopic Building Material Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Hygroscopic Building Material Market, highlighting leading vendors and their innovative profiles. These include Almatis B.V., Arkema S.A., Axens SA by IFP Group, BASF SE, Carlisle Companies Incorporated, Clariant AG, Compagnie de Saint-Gobain S.A., Desicca Chemical Pvt. Ltd., Drytech Incorporated, Evonik Industries AG, Fuji Silysia Chemical Ltd., Global Adsorbents Pvt. Ltd., Guangdong Xintao Technology Co. Ltd., Hengye Inc., Honeywell International Inc., Jalon Zeolite, Jiangxi Xintao Technology Co., Ltd., Knauf Insulation, Kureha Corporation, Merck KGaA, Munters Corporation, Parex USA, Inc., Shanghai Jiuzhou Chemicals Co. Ltd., Sorbead India, Tropack Packmittel GmbH, W. R. Grace & Co. by Standard Industries Holdings Inc., Wisesorbent Technology LLC, Xiamen Wintrustek Advanced Materials Co., Ltd., ZEOCHEM AG by CPH Chemie + Papier Holding AG, Zeolites and Allied Products Pvt. Ltd., and ZR Catalyst Co., Ltd.

Market Segmentation & Coverage

This research report categorizes the Hygroscopic Building Material Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Inorganic Minerals & Clays
- Inorganic Salts
- Molecular Sieve
- Natural Hygroscopic Materials
- Silica or Silicon Dioxide

Adsorption Process
- Chemical Adsorption
- Physical Adsorption

End-User
- Commercial
- Industrial
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-8C74ADFBFEF7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising construction activities with growing expenditures on residential, commercial, and industrial construction
  - 5.1.1.2. Increasing consumer focus on standardizing indoor air humidity
  - 5.1.1.3. Growing urbanization coupled with rising consumer shift towards comfortable residential spaces
- 5.1.2. Restraints
  - 5.1.2.1. Safety issues associated with hygroscopic building materials
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research and development activities for the advancement of hygroscopic building materials
  - 5.1.3.2. Increasing investments by manufacturers for energy-saving building construction materials
- 5.1.4. Challenges
  - 5.1.4.1. Complexity of predicting the moisture behavior of hygroscopic building materials
5.2. Market Segmentation Analysis
- 5.2.1. Type: Improvements in inorganic salts and natural hygroscopic materials open up new approach for hygroscopic building materials
- 5.2.2. End-User: Hygroscopic building materials are crucial for commercial, industrial, and residential users
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Hygroscopic Building Material Market, by Type

6.1. Introduction
6.2. Inorganic Minerals & Clays
6.3. Inorganic Salts
6.4. Molecular Sieve
6.5. Natural Hygroscopic Materials
6.6. Silica or Silicon Dioxide

7. Hygroscopic Building Material Market, by Adsorption Process

7.1. Introduction
7.2. Chemical Adsorption
7.3. Physical Adsorption

8. Hygroscopic Building Material Market, by End-User

8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential

9. Americas Hygroscopic Building Material Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Hygroscopic Building Material Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Hygroscopic Building Material Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Beacon Acquires Silver State Building Materials in Nevada
- 12.3.2. U.S. Silica Announces Launch of Groundbreaking EverWhite Pigment
- 12.3.3. Building Material From Residual and Waste Materials
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio