Friday, February 22, 2019

Silica Fume Market worth 563.09 Million USD by 2020


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. 


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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