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NEW YORK , Aug. 2, 2022 /PRNewswire/ -- As per Zion Market Research study, The calcium aluminate market size was worth around USD 1,362.10 million in 2021 and is estimated to grow to about USD 1,794.27 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.70% over the forecast period.

Aluminum and calcium oxide are heated at high temperatures to create a group of minerals known as calcium aluminates. Depending on the purity level needed, lime and alumina or limestone and bauxite are combined to create calcium aluminates, which, when cooled, leave behind hard calcium aluminate clinkers. It can be utilized as an aggregate when crushed or screened, with the composition and color depending on the amount and purity of each source ingredient. The clinker can harden very quickly yet in a controlled fashion in formulations when ground into a fine powder and used as a binder, which creates a paste when combined with water. Additionally, it contains trace levels of phosphorus, magnesium, iron, silicon, and manganese. Calcium aluminate is added to the mix to provide concrete products with additional high-strength durability.

It is often used as mineral reagents or high-performance specialty binders across various sectors. Because of their resilience to abrasion, heat, and corrosion, rapid hardening, and ease of grading variation control, calcium aluminates serve as specialized binders in concrete and mortars for specialized applications. By mixing them with additional high-quality components, unique hydraulic binders can be created. They can also be found in non-hydraulic systems because they are used as mineral reagents. Because of their low-temperature melting properties and capacity to absorb impurities in molten metal, some grades of calcium aluminate, for instance, are utilized in metallurgical treatments (foundry, iron and steel industries).

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Key Industry Insights & Findings of the Calcium Aluminate Market Reports:

Zion Market Research published the latest report titled "Calcium Aluminate Market by Type (Pre-melting and Sintered Type), By Application (Steel Refining, Water Treatment, and Calcium Aluminate Cements) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028." into their research database.

Calcium Aluminate Market: Growth Drivers

The use of products will undoubtedly be influenced positively by the rise in global building industry. It is mostly employed in building chemistry in several applications, including sealers, self-leveling toppings, repair mortars, non-shrink grouts, and bedding mortars. During the projected period, encouraging government regulations, urbanization, public & private funding, and a growing population will increase building attraction usage. These factors are major drivers of the global calcium aluminate market growth.

Calcium aluminate is used in the mining and construction industries. Still, several things can function as market restrictions, like high prices that can make people reluctant to buy such equipment. Contractors are discouraged from purchasing the equipment due to high purchasing cost, installation expenses, and maintenance prices. Such reasons may influence people to decide against purchasing, which is anticipated to result in a drop in market demand.

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In refining steel, calcium aluminates are employed to reduce ladle slag. Due to the need for fluorspar-free ladle slag fluxing and using calcium aluminates is a cost-effective method, their use has expanded. Fluorspar is only used in steel workshops that use aluminum-killed steel. Because of this, the use of calcium aluminate as a fluorspar alternative has expanded, allowing for the effective and quick fluidization of calcium oxide (CaO). Calcium aluminate provides fluidity and basicity necessary for effective steel refining in the ladle, as well as the dilution of manganese oxide (MnO) and iron oxide (FeO) levels in the carryover slag.

The presence of substitutes for calcium aluminate, such as aluminum slag, is expected to restrict the growth of this global calcium aluminate market.

Global Calcium Aluminate Market: Segmentation

The market is divided into pre-melting and sintered types according to type. In an electric arc furnace, the pre-melting process uses raw materials. It is required to reduce the viscosity of the molten metal and clean it of impurities to manufacture high-quality steel. Depending on the mixing pattern utilized throughout these procedures, pre-melting can be classified as either static or dynamic. While dynamic melting creates convection currents that uniformly mix across vessel walls, static pre-melting uses direct electric current flow into the refractory material to produce stationary melt. At the same time, the sintered kind is one of the product types in calcium aluminate. Sintering turns some materials from powder or granules into solid forms by heating and cooling them.

The application separates the global market into calcium aluminate cement, water treatment, and steel refining. A white-colored hydrated metal oxide with good chemical stability, calcium aluminate reacts with metal oxides and alkalis. It can be utilized as a foundation material for aluminum products in industries including smelting, non-ferrous metallurgy, the production of refractories, cement, etc. Calcium aluminate is used in the water treatment due to its unique properties. To make calcium aluminate cement, calcium aluminate clinker is also crushed with a minor amount of gypsum and other additives.

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List of Key Players in Calcium Aluminate Market:

Key questions answered in this report:

By Product Type, By Application, And By End Use

Value (USD Billion), and Volume (Units)

Revenue in USD million/billion and CAGR from 2022 to 2028

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Almatis, Kerneos, imsa, Calucem, Zhengzhou Dengfeng Smelting Materials, Fengrun Metallurgy Material, RWC, Ambition Refractories, BPI, Luoyang Refmat Corporation, Oreworld Trade, Ruishi Renewable Resources Group, Caltra Nederland, U.S., Electrofused Minerals, Shree Harikrushna Industries, Gorka Cement, Denka Company, Carborundum Universal Limited, Calderys, Cementos Molins Industrial S.A, Elfusa, Union Corportion.

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

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Calcium Aluminate Market: Recent Developments

Demand for calcium aluminate is highest in the Asia Pacific , followed by Europe and North America , in that order. It is projected that countries like China , India , South Korea , Japan , Indonesia , and Vietnam will significantly impact the calcium aluminate market in the Asia Pacific region soon. The Asia Pacific is anticipated to dominate the global calcium aluminate market throughout the forecast period. China is expected to soon dominate the area's calcium aluminate market.

In terms of demand, the United States controls the calcium aluminate market in North America , making it one of the areas with the greatest potential globally. The calcium aluminate market is anticipated to grow quickly in Latin America during the forecast period. The need for calcium aluminate in water treatment applications is one of the factors driving this market's expansion. It is anticipated that Western Europe will have a greater need for calcium aluminate than the rest of Europe in the future years.

Global Calcium Aluminate Market is segmented as follows:

Calcium Aluminate Market: By Type Outlook (2022-2028)

Calcium Aluminate Market: By Application Outlook (2022-2028)

Calcium Aluminate Market: By Region Outlook (2022-2028)

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