Global Ultrafine Micro Silica Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ultrafine Micro Silica Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ultrafine Micro Silica also known as Ultrafine silica fume is an ultrafine powder collected as a by-product of the silicon and ferrosilicon alloy production.

Market Overview:

The latest research study on the global Ultrafine Micro Silica market finds that the global Ultrafine Micro Silica market reached a value of USD 428.64 million in 2022. It’s expected that the market will achieve USD 594.74 million by 2028, exhibiting a CAGR of 5.61% during the forecast period.

Accelerated urbanization drives demand growth for Ultrafine Micro Silica

The construction industry is an industry that revolves around the design, construction, decoration and management of buildings. With the economic growth, the country's urbanization process is accelerating, the construction industry continues to develop at a high speed, and the requirements for building materials are getting higher and higher.

Ultrafine Micro Silica can effectively improve the quality of building materials and play an important role in the construction industry. Ultrafine Micro Silica can be used in mortar and concrete, for high-rise buildings, seaport terminals, reservoir dams, water conservancy culverts, railway road bridges, subways, tunnels, airport runways, concrete roads and coal mine roadways, etc. Ultrafine Micro Silica can fill the gaps that cannot be filled by traditional micro silica fume, so that the strength of concrete can be improved again, and the strength and durability of concrete can be improved again. It has high compression resistance, bending resistance, impermeability, corrosion resistance, impact resistance and wear resistance. Ultrafine Micro Silica can fill the pores between cement particles, and at the same time form a gel with the hydration product, and react with the alkaline material magnesium oxide to form a gel.

With the acceleration of urbanization, the demand for Ultrafine Micro Silica in urbanized buildings continues to increase, which drives the development of the Ultrafine Micro Silica industry.

Region Overview:

In 2021, the share of the Ultrafine Micro Silica market in Europe stood at 37.43%.

Company Overview:

Elkem is one of the world's leading suppliers of advanced materials solutions for a better and more sustainable future. The company combines natural raw materials, renewable energy and human ingenuity to develop silicones, silicon products and carbon solutions. Elkem helps its customers create and improve important innovations such as electric vehicles, digital communications, health and personal care, and smarter and more sustainable cities. In 2020, Elkem ranked in the top 5% of the world for climate, with operating income of NOK 24.7 billion.

Elkem has been part of China National Bluestar Group since 2011, a global chemical group specializing in new chemical materials and animal nutrition. Since its establishment in 1984, Bluestar Group has grown into one of the most powerful chemical companies in China, covering new materials, life sciences and environmental technologies. Bluestar Group has 45 factories and 20 R&D institutions, with operations all over the world.

Segmentation Overview:

By type, Semi Densified Micro Silica segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Concrete segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ultrafine Micro Silica market covered in Chapter 3:

Erdos Metallurgy
Minasligas
RW Silicium GmbH
Guru Corporation
Ferroglobe
Elkem (Blue Star)
HENAN SUPERIOR ABRASIVES
Washington Mills
Finnfjord
Simcoa Operations

In Chapter 4 and Chapter 14.2, on the basis of types, the Ultrafine Micro Silica market from 2018 to 2029 is primarily split into:

Densified Silica Fume
Semi Densified Micro Silica
Undensified Micro Silica

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ultrafine Micro Silica market from 2018 to 2029 covers:

Concrete
Refractory
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)