Silica fume is a byproduct that is extracted during the manufacture of silicon metal and ferrosilicon alloys. Silicon metal is manufactured by heating the raw materials such as carbon and quartz in a smelting furnace. The smoke released from this operation is trapped in the baghouse filter. It is then extracted and sold as silica fumes. Silica fumes are amorphous in nature and are primarily used in concrete. Ultrafine particles of silicon dioxide with a large surface area make up the primary components of silica fumes.
MARKET DYNAMICS
The silica fume market has witnessed significant growth due to the rapidly growing population is increasing the popularity of multistoried buildings. Moreover, increasing use of silica fumes as concrete admixture provides a huge market opportunity for the key players operating in the silica fume market. However, higher pricing of silica fume is projected to hamper the overall growth of the silica fume market in the forecast period.
MARKET SCOPE
The "Global Silica Fume Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the silica fume market with detailed market segmentation application, and geography. The global silica fume market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading silica fume market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global silica fume market is segmented on the basis of application. On the basis of application, the global silica fume market is divided into building construction, marine structure construction, oil & gas well grouting, nuclear power plant construction, chemical production and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global silica fume market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The silica fume market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the silica fume market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the silica fume market in these regions.
MARKET PLAYERS
The reports cover key developments in the silica fume market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as type launches, type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from silica fume market is anticipated to lucrative growth opportunities in the future with the rising demand for silica fume in the global market. Below mentioned is the list of few companies engaged in the silica fume market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the silica fume market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bisley & Company Pty. Ltd.
- Brock White Co. LLC
- Carbon Enterprises
- Cementec Industries Inc.
- Dow Corning Corporation
- Elkem
- Elkon Products, Inc.
- Kryton International, Inc.
- Norchem, Inc.
- Simcoa Operations Pvt. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.