The silica fume market in India has the potential to grow by USD 10.83 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by application (construction, marine, oil and gas, and others) and source (silicon metal and ferrosilicon). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BanFam Merchants Pvt. Ltd., Choice Organochem LLP, Dalian Fuchang Chemical Co. Ltd., Guru Corp., JAYCEE Resources Pvt. Ltd., N K Enterprise, Oriental Trexim Pvt. Ltd., Rockfit Corp., Sika AG, and WUHAN NEWREACH MICROSILICA Co. Ltd.

Market Overview

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Market Competitive Analysis

The market is concentrated, and the degree of concentration will decrease during the forecast period. The key players in the market are focusing on various growth strategies, including increased investments in the development of the infrastructure industry, to expand customer base and gain significant market shares and revenue. Rockfit Corp., Sika AG, and WUHAN NEWREACH MICROSILICA Co. Ltd. are a few of the major market participants. Although the accelerating growth momentum will offer immense business opportunities, the high price of silica fume will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this silica fume market forecast in India report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this silica fume market analysis in India report also includes information on upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on production, sustainability, and prospects of several leading silica fume market in India companies, including:

• BanFam Merchants Pvt. Ltd.
• Choice Organochem LLP
• Dalian Fuchang Chemical Co. Ltd.
• Guru Corp.
• JAYCEE Resources Pvt. Ltd.
• N K Enterprises
• Oriental Trexim Pvt. Ltd.
• Rockfit Corp.
• Sika AG
• WUHAN NEWREACH MICROSILICA Co. Ltd.

Silica Fume Market in India: Segmentation by Application

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In construction applications, silica fume is used with concrete to provide durability and damage resistance to structures. It imparts durability by providing corrosion resistance against chemical salts and iron attacks. These beneficial features have increased applications of silica fume. Therefore, the booming infrastructure and construction industries in India will significantly fuel the silica fume market share in India.

Moreover, market growth by the construction segment will be faster than the growth of the market by the marine, oil and gas, and others segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the silica fume market size in India.

Silica Fume Market in India: Segmentation by Source

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Silica fume is a byproduct extracted during the production of silicon metal. Silicon metal and its alloys are generally produced using electric furnaces. Coal, charcoal, quartz, and wood chips are a few of the common raw materials used in the production of silicon metal. Owing to its small particle size, silica fume is mostly used as a mineral admixture in the production of high strength concrete.

Moreover, market growth by the silicon metal segment will be faster than the growth of the market by the ferrosilicon segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the silica fume market size in India.

Silica Fume Market in India: Key Drivers and Trends

Since silica fume has significant applications in the construction, marine, oil and gas, and other industries, the growing industrialization and international trade activities in India will contribute to revenue generation for vendors. The demand for commodity products, chemicals, automotive, electronics, and other industrial goods is rising mainly because of the high consumption of these products in the country. The overall economic growth and the rise in consumer spending have increased the total volumes of goods being moved within the country as well as internationally. As a result, exports and imports are rapidly growing. Therefore, logistics activities have been growing significantly. This, in turn, is increasing the demand for seaborne transportation, which has a significant application of silica fume. These factors will influence silica fume market growth in India over the forecast period.

• The self-compacting concrete mix provides immense benefits while maintaining the concrete’s durability and mechanical characteristics. However, the mix can be sensitive to fluctuations.
• To overcome the sensitivity issue, a relatively low dose of silica fume is added to the mix to improve its robustness.
• This has decreased the cost of maintenance, repair and operation, and less adverse impact on the environment.
• Consequently, it is 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.
• As a result, the demand for non-vibrating concrete-laying process has increased, augmenting sales of silica fume.
• During 2020-2024, the market will grow at a CAGR of over 5%.

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Silica Fume Market in India: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the silica fume market growth in India during the next five years
• Precise estimation of the silica fume market size in India and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of silica fume market in India vendors

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