A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Silica
Fumes
Market. The
study, titled “Silica
Fume Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Silica
Fume Market: Overview
Silica
fume is a byproduct extracted during the manufacture of silicon metal
and ferrosilicon alloys. Silicon metal is manufactured by heating raw
materials such as quartz and carbon in a smelting furnace. Smoke
released from this operation is trapped in the bag house filter. It
is then extracted and sold as silica fumes. Silica fumes are
amorphous in nature. Ultrafine particles of silicon dioxide with a
large surface area make up the primary composition of silica fumes.
Silica
fumes are primarily used in concrete. It is used as a pozzolan in
concrete due to its physical and chemical properties such as large
surface area and highly reactive nature. Large surface area and
active chemical properties help silica fumes impart vertical
resistance to mammoth construction structures. Furthermore, these
fumes impart durability to concrete structures by providing
resistance to penetration of salts and their ions. Silica fumes are
available in both dry and wet forms. Generally, silica fumes are
mixed in the desired proportion in concrete manufacturing plants
during the production of concrete.
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Market Research Report @
Silica
Fume Market: Segmentation
The
building and construction industry is the largest end-user of silica
fumes. Addition of silica fumes in concrete provides the constructed
structure with durability and less susceptibility to damage. Rapidly
growing population is increasing the popularity of multistoried
buildings. This, in turn, is boosting demand for silica fumes. Robust
growth in the construction industry in the Middle East and increasing
use of silica fumes as concrete admixture are expected to drive the
silica fume market. Marine and oil and gas are other major end-users
of silica fumes.
The
construction industry was followed by the marine sector, which was
the second-largest end-user of silica fumes. Rising marine activities
leads to increase in construction of marine structures such as ports,
shipyards, and bridges. Silica fumes are used as admixtures in
concrete in these constructions due to their anti-abrasion and
anti-permeability characteristics.
Oil
and gas are expected to account for the third-largest share of the
silica fumes market during the forecast period. Silica fumes provide
durability to concrete structures in the oil and gas industry. Silica
fumes are primarily used in the construction of pipelines for flow of
lubricants and gas and in the construction of boring and drilling
wells.
Silica
Fume Market: Geographical Dynamics
The
Middle East & Africa is expected to the fastest-growing market
for silica fumes. Extensive investment in construction projects is
driving demand for silica fumes. Increasing construction in economies
in the Middle East such as the UAE and Saudi Arabia are anticipated
to primarily fuel the silica fume market.
However,
China and the U.S. are anticipated to be key consumers of silica
fumes. These two economies are likely to maintain majority share of
the market due to increasing government expenditure in
infrastructural development and maintenance activities in the next
few years. Additionally, emerging economies in Asia Pacific and Latin
America are estimated to augment demand for silica fumes. Rapid
industrialization and urbanization in emerging economies such India,
Brazil, Indonesia, and Malaysia are projected to propel demand for
silica fumes.
Silica
Fume Market: Competitive Landscape
Investment
in research and developmental activities for development of
innovative products is expected to boost sales revenue of key
players. Majority of key players in the market are associated with
product improvement and product diversification to ensure competitive
edge over other players. Key manufacturers and suppliers of silica
fumes include Norchem Inc., Elkem AS, Cement Industries Inc., Dow
Corning Corporation, and Wuhan Newreach Microsilica Co., Ltd.
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accurate market forecast and analysis on the Silica Fumes market.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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