Silica Fume

Silica Fume

Global Silica Fumes Market to Reach $728.2 Million by 2027

In the changed post COVID-19 business landscape, the global market for Silica Fumes estimated at US$547.9 Million in the year 2020, is projected to reach a revised size of US$728.2 Million by 2027, growing at a CAGR of 4.1% over the analysis period 2020-2027. Building Construction, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$317.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Marine Structure Construction segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $150.5 Million, While China is Forecast to Grow at 7.1% CAGR

The Silica Fumes market in the U.S. is estimated at US$150.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$144.9 Million by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$93.6 Million by the year 2027.

Other Applications Segment to Record 3% CAGR

In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$117 Million in the year 2020 will reach a projected size of US$142 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.2% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• Bisley & Company Pty Ltd.
• Brock White Co. LLC
• Carbon Enterprises
• Cementec Industries, Inc.
• DowDupont Inc.
• Ecotec SiliCA Fume
• Elkem A/S
• Elkon Products, Inc.
• Globe Specialty Metals, Inc.
• Kryton International, Inc.
• Norchem, Inc.
• Rockfit Corporation
• Shanghai Topken Silica Fume Co., Ltd.
• Simcoa Operations Pty., Ltd.
• Wuhan New Reach Micro SiliCA Co. Ltd.

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