The Silica
Fume Market Global Industry Research Report was valued at USD
430.87 Million in 2014, and is projected to grow at a CAGR of about 4.22%
between 2015 and 2020 to reach USD 563.09 Million by 2020.
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The global silica fume market has been witnessing
substantial growth in the past few years. Silica fume is added to concrete,
which is used in the building and construction industry. There has been an
increase in demand for silica fume from this industry, as it provides high
corrosion resistance, high strength, and durability. There is a high demand for
silica fume in Middle East & Africa and Asia-Pacific, where it is used in
the construction of metro-lines, tunnels, and high-rise buildings. Another
driver of the market is the increasing demand of silicon in the solar industry,
as production of silica fume (a by-product of the silicon smelting process) is
tied to silicon production.
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 globally, owing to its high demand
in China and India.
This study aims to estimate the global market of silica fume
for 2015 and to project its estimated demand by 2020. This market research
study provides a detailed qualitative and quantitative analysis of the global
silica market. We have used various secondary sources such as directories,
industry journals, and databases to identify and collect information useful for
this extensive commercial study of the silica fume market. The primary
sources-experts from related industries and suppliers have been interviewed to
obtain and verify critical information as well as to assess the future
prospects of silica fume.
Competitive scenarios of the top players in the silica fume
market have been discussed in detail. We have also profiled leading players of
the industry with their recent developments and other strategic industry
activities. These include key silica fume manufacturers, such as 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 IndustryCo. Ltd. (China), N.K. Enterprises (India), and Ecotec
Silica Fume (Australia).
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