The global silica fume market 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).

Scope of the Report:

The global market has been covered in detail in this report. In order to provide an all-around picture, the current market demand and forecasts have also been included.

The global silica fume market has been segmented as follows:

On the Basis of Application:

Building Construction

Marine Structure Construction

Chemical Production Facilities Construction

Oil & Gas Well Grouting

Nuclear Power Plant Construction

Others

On the Basis of Region:

Middle East & Africa

North America

Asia-Pacific

South America

Europe

Customization Options

Low-Cost Sourcing Locations

Studying the various raw material sourcing locations and providing a comparative analysis of low-cost raw material sourcing locations

Discovering locations with good logistics and connectivity along with low cost of input

Regulatory Framework

Listing the regulatory issues in import policies of regions if they are adversely affecting the business

Studying whether the government is offering any subsidies or non-tariff barriers for chemical inputs

Impact Analysis

Impact of population growth on the demand for silica fume

Impact of globalization on the trade of silica fume

Impact of sustainability on the usage of silica fume

Impact of technology development on the production and usage of silica fume

Trade Analysis

Silica fume imported and exported annually in each country tracked till sub-segment level

The global silica fume market was valued at USD 430.87 Million in 2014, and is expected to reach USD 563.09 Million by 2020, at a CAGR of 4.22% between 2015 and 2020.

In terms of consumption, the market is estimated to reach 1,622.58 thousand tons by 2020, at a CAGR of 3.12% between 2015 and 2020.

The global market has been witnessing high growth in the past few years. The increasing demand in the building construction and marine structure construction applications will be the key factor influencing the growth of the global silica fume market. The building construction sector contributed a share of 41.50% to the market in 2014. Marine structure construction was the second-biggest application segment, having contributed a share of 33.33% in the same year.

Currently, the Middle East & Africa is the largest consumer of silica fume, and the market in this region is estimated to grow at the CAGR 4.57% from 2015 to 2020. Countries, such as UAE and Saudi Arabia are expected to lead the Middle-East & Africa market, with UAE contributing the largest share in the volumetric consumption of silica fume. This large share can be attributed to the rising demand of silica fume concrete from the building construction segment in the country. The demand for silica fume is comparatively low in Europe; the estimated growth of the silica fume market in Asia-Pacific is the highest, followed by Middle East & Africa.

The significant silica fume manufacturers include 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).

This report covers the silica fume market by key regions and important countries in each of these regions. It also provides a detailed segmentation of the market on the basis of their key applications up to 2020.