The report covers the Global Silica Fume Market and segments the market on the basis of application and region. The market data has been given with respect to volume (kilotons) and value (USD Million). The global silica fume market was valued at USD 430.87 million in 2022, and is projected to grow at a CAGR of about 4.22% between 2022 and 2031 to reach USD 563.09 million by 2031. The data mentioned in the report is based on the global demand for silica fume.
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The impact of different market factors, such as drivers and restraints is also illustrated in the report. This gives an idea about the key drivers, such as growing demand from the building construction and solar industries and high demand from Middle East & Africa and Asia-Pacific. The limited growth of the construction sector in Europe, high dependence on silicon and ferrosilicon industry, and excessive transportation and handling costs may restrain the growth of the global silica fume market. Increasing construction of high-rise structures and use of high-performance cement are the key opportunities for growth in this market.
The global silica fume market has been classified based on its different applications. The important applications include building construction, marine structure construction, chemical production facilities construction, oil & gas well grouting, nuclear power plant construction, and others. The rising demand for silica fume in the building construction and marine structure construction segments is projected to lead the growth in the global silica fume market.
The key companies in this market are Globe Specialty Metals, Inc. (U.S.), Norchem, Inc. (U.S.), Elkem (Norway), Elkon Products, Inc.(Canada), Dow Corning Corporation (U.S.), Cementec Industries Inc. (Canada), Kryton International Inc. (Canada), Brock White Co. LLC (U.S.), Simcoa Operations Pvt. Ltd. (Australia), Carbon Enterprises (U.K.), Bisley & Company Pty. Ltd. (Australia), Rockfit Corporation (India), Wuhan New Reach Chemical Co. Ltd. (China), Shanghai Topken Silica Fume Co. Ltd. (China), Shenzhen Bemsun Industry Co. Ltd. (China), N.K. Enterprises (India), and Ecotec Silica Fume (Australia). These companies have been focusing on mergers & acquisition and partnerships to achieve a competitive advantage and serve the customers more effectively. Joint ventures/alliances and agreements were other major strategies by the top players in 2022.
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The Middle East & Africa is the largest market for silica fume, due to its growing demand in the UAE and Saudi Arabia. Asia-Pacific is the fastest-growing market for silica fume globally, owing to the high demand in China and India.
The report also compares silica fume with its other alternatives on the basis of physical properties, technical properties, and cost analysis. Furthermore, price analysis for silica fume across different regions is also included in the report.
The following customization options are available for the report:
• Company information
• Detailed analysis and profiling of additional market players (up to 3)
• List of the regulatory issues in import policies of countries if they are adversely affecting the business
• Study of the various raw material sourcing locations and give a competitive analysis of low-cost raw material sourcing locations
• Impact of technology development on the production and usage of silica fume
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This report covers these key aspects:
• What will be the market size by 2031 and what will be the growth rate
• What are the key market trends
• What is driving the growth of this market
• Who are the key players in this market
• Global report covers key geographies, such as Middle East & Africa, North America, Asia-Pacific, South America and Europe
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