India - Silica Fume Market Forecast 2024-2028
The India - silica fume market size is forecast to increase by USD 15.56 million, at a CAGR of 5.6% between 2023 and 2028. The market growth analysis depends on several factors, including the increasing demand for residential housing, the infrastructure development driving need for silica fume, and the growing awareness regarding silica fume's benefits.
The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Type, which comprises silica (greater than 90 percentage) and silica (85 percentage to 90 percentage). Additionally, it categorizes Source into silicon metal and ferrosilicon, and covers Application, including construction, marine, oil and gas, and others. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
What will be the India Silica Fume Market Size During the Forecast Period?
Key Drivers, Trends, Challenges
Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Market Driver
Growing awareness regarding silica fume's benefits is the key factor driving market growth. In recent years, a discernible shift in the construction industry in India has been marked by an increasing awareness among builders, contractors, and engineers about the manifold benefits offered by silica fume. One of the primary advantages driving this awareness is the remarkable improvement in concrete performance when silica fumes are incorporated. Builders and developers recognize its ability to significantly enhance the strength and durability of concrete structures, making them better equipped to withstand various environmental stresses and ensuring a longer lifespan.
Moreover, as environmental sustainability gains prominence in the construction sector, the reduced carbon footprint associated with becomes a compelling factor. The material pozzolanic properties not only enhance concrete performance but also contribute to more sustainable and eco-friendly construction practices. This aligns well with both regulatory initiatives and the growing consciousness within the industry to embrace greener building solutions. Hence, the increased understanding benefits will drive the growth of the market during the forecast period.
Market Trend
The use in self-compacting concrete is the primary trend shaping market growth. The self-compacting concrete mix can be sensitive to fluctuations in material properties and batching accuracy. To overcome this issue and improve the robustness of self-compacting concrete, a relatively low dose of silica fume (5% silica fume by weight of total cementitious content) should be used. The demand for self-compacting concrete is anticipated to grow significantly and align with market trends and analysis due to the adoption of a non-vibrating concrete-laying process.
Moreover, the self-compacting concrete market is expected to grow during the forecast period, due to the safety benefits and improved performance of concrete. Self-compacting concrete is also a feasible option for small- and medium-scale manufacturing units as it has thin concrete sections, improved durability, high design freedom, fast construction, and easy placing. Therefore, the growing use of self-compacting concrete is likely to fuel the growth of the market during the forecast period.
Market Challenge
Health hazards associated with the use is a challenge that affects market growth. Exposure to silica fumes can cause serious health effects on humans. It is a byproduct generated during the production of silicon metal and ferrosilicon in furnaces. Low exposure to silica fumes may cause eye irritation, while prolonged exposure or an overdose may damage the cornea and lungs. In addition, exposure to silica fumes can lead to chronic health diseases and cause flu-like illnesses, such as severe headaches, fever, aches, chills, chest tightness, and cough.
Additionally, crystalline silica is widely known as a cancer-causing agent. It can also lead to other diseases related to the fetus and newborn babies. Exposure to silica fumes can cause birth defects and other reproductive harm. Repeated and excessive exposure and inhalation can cause fibrosis and lung damage in humans. Accidental ingestion can cause gastric distress, vomiting, and nausea. Long-term exposure can cause chronic health effects, which can last for several months to years. Hence, these side effects are expected to hinder market growth during the forecast period.
Market Definition
Silica fume is a product that is formed by reducing high-purity quartz with coal during the production of silicon or ferrosilicon alloy. It primarily consists of pure silica in a non-crystalline form. It is a fine spherical particle and consists of amorphous silicon dioxide in high concentrations (more than 90%).
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Market Segmentation by Type, Source, and Application
Market Type Analysis
The silica (greater than 90 percentage) segment will be significant during the forecast period. The silica content exceeding 90% holds a key role in the construction landscape of India. Renowned for its remarkable purity, this grade of silica fume is a potent additive in the realm of concrete technology. With a focus on high-performance applications, silica (>90%) significantly improves the mechanical and durability characteristics of concrete structures. The demand for silica (>90%) in India is propelled by its efficacy in critical infrastructure projects such as bridges, tunnels, and high-rise buildings, where the highest standards of strength and durability are imperative.
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The silica (greater than 90 percentage) segment accounted for USD 25.80 million in 2018. The superior purity of silica (>90%) ensures that it acts as a highly reactive pozzolan, enhancing the cementitious properties of concrete. As India witnesses sustained growth in its construction and infrastructure sectors, the demand for silica (>90%) is expected to thrive, with engineers and builders increasingly recognizing its indispensable role in achieving superior structural performance and longevity in concrete applications. Thus, the growing use of this grade of silica fume will continue to drive the growth of the market through the Silica (>90%) segment during the forecast period.
Market Source Analysis
The silicon metal?segment will account for the largest share of this segment.?The a byproduct extracted during the production of silicon metal. Silicon metal and its alloys are generally produced using electric furnaces. Furthermore, silica fumes produced during the production of 98% pure silicon metal contain 86%-99% silicon dioxide content. Raw materials used in the silicon metal smelting process must be of the highest quality as silica fume produced during this process may contain excessive fine quartzite and coal contaminants, which make it incompatible with various construction applications. Beyond its role in construction, silicon metal finds applications in the electronics industry, where it is a fundamental component in the production of semiconductors. Hence, the growing use of silica fumes will continue to drive the growth of the silicon metal segment of the market in focus during the forecast period.
Key Players Companies
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
- Astrra Chemicals: The company offers silica fumes such as microsilica micro white silica fume.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Adinath Industries, BanFam Merchants Pvt. Ltd., Choice Organochem LLP, Elkem ASA, Ferroglobe Plc, GoGreen Products, Guru Corp., N K Enterprises, N Shashikant and Co., Nikunj Chemicals, Oriental Trexim Pvt. Ltd., Refsteel Solutions, Rockfit Corp., Sika AG, Steelcon Industries, Venspra Impex, Vizag Chemical International, Wacker Chemie AG, and Xetex Industries Pvt. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview
The report forecasts market growth by revenue and provides an analysis of the latest market growth and trends opportunities from 2018-2028.
- Type Outlook
- Silica (greater than 90 percentage)
- Silica (85 percentage to 90 percentage)
- Source Outlook
- Silicon metal
- Ferrosilicon
- Application Outlook
- Construction
- Marine
- Oil and gas
- Others
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India Silica Fume Market Scope |
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Report Coverage |
Details |
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Page number |
148 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.6% |
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Market Growth 2024-2028 |
USD 15.56 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.21 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Adinath Industries, Astrra Chemicals, BanFam Merchants Pvt. Ltd., Choice Organochem LLP, Elkem ASA, Ferroglobe Plc, GoGreen Products, Guru Corp., N K Enterprises, N Shashikant and Co., Nikunj Chemicals, Oriental Trexim Pvt. Ltd., Refsteel Solutions, Rockfit Corp., Sika AG, Steelcon Industries, Venspra Impex, Vizag Chemical International, Wacker Chemie AG, and Xetex Industries Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Report?
- CAGR of the market forecast during the forecast period
- Detailed information on factors that will drive the growth of the market between 2024 and 2028
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across India
- Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of India fume market companies
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