Silica fume is a product that's formed by reducing high-purity quartz with coal during the production of silicon or ferrosilicon alloy. Silica fume is composed primarily of pure silica in a non-crystalline form. It consists of amorphous silicon dioxide in high concentration (more than 9Q%) and is a fine spherical particle.
Market Analysis and Insights: Global Silica Fume Market
Due to the COVID-19 pandemic, the global Silica Fume market size is estimated to be worth US$ 480.9 million in 2022 and is forecast to a readjusted size of US$ 554.5 million by 2028 with a CAGR of 2.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Densified Silica Fume accounting for % of the Silica Fume global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Building Construction segment is altered to an % CAGR throughout this forecast period.
Currently, the Middle East & Africa is the largest consumer of silica fume, such as UAE and Saudi Arabia are expected to lead the Middle-East & Africa market
Global Silica Fume Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Silica Fume Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Densified Silica Fume
Semi Densified Silica Fume
Undensified Silica Fume
Segment by Application
Building Construction
Marine Structure Construction
Chemical Production Facilities Construction
Oil & Gas Well Grouting
Nuclear Power Plant Construction
Others
By Company
Elkem(Blue Star)
Ferroglobe
Finnfjord
RW Silicium GmbH
Wacker
CCMA
Fesil
Washington Mills
Dow Corning
Simcoa Operations
Elkon Products
OFZ, a.s.
Minasligas
Erdos Metallurgy
Wuhan Mewreach
WINITOOR
East Lansing Technology
Lixinyuan Microsilica
All Minmetal International
Blue Star
QingHai WuTong
Sichuan Langtian
Jinyi Silicon Materials
Renhe
Linyuan Micro-Silica Fume
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina