What is Silicafumes - Global Market?
Silicafumes, also known as microsilica, is a byproduct of the production of silicon metal or ferrosilicon alloys. It is a highly reactive pozzolanic material that is used in many industrial applications. The global market for Silicafumes is a dynamic one, with a wide range of applications and a diverse set of players. The market is segmented into three main types: Densified Silica Fume, Semi Densified Silica Fume, and Undensified Silica Fume. Densified Silica Fume is a high-quality, high-performance, super-pozzolanic material used in cement and concrete applications. It is processed to increase bulk density, thus making it easier to handle and less costly to transport. Semi Densified Silica Fume, on the other hand, has a lower bulk density and is often used in applications where a higher degree of pozzolanic reactivity is required. Undensified Silica Fume is the least processed form of Silicafumes, with the lowest bulk density and the highest pozzolanic reactivity. It is often used in applications where cost is a significant factor.
Densified Silica Fume, Semi Densified Silica Fume, Undensified Silica Fume in the Silicafumes - Global Market:
Silicafumes are used in a variety of applications, including Concrete, Refractory, and Others. In the Concrete industry, Silicafumes are used to improve the strength and durability of concrete. They are also used to reduce permeability, making concrete more resistant to water and chemical attack. In the Refractory industry, Silicafumes are used to improve the thermal resistance of refractory materials. They are also used to increase the strength and durability of refractory bricks and castables. In other industries, Silicafumes are used in a variety of applications, including oil well cementing, soil stabilization, and as a filler in rubber and plastic products.
Concrete, Refractory, Others in the Silicafumes - Global Market:
The global Silicafumes market is a growing one, with a value of US$ 270.6 million in 2022. It is expected to reach US$ 333.6 million by 2029, growing at a compound annual growth rate (CAGR) of 3.0% during the forecast period 2023-2029. The market is dominated by two major players, Ferroglobe and Elkem(Blue Star), who together hold about 30% of the market share. Despite the dominance of these two players, the market is highly competitive, with many other players vying for a share of the market.
| Report Metric | Details |
| Report Name | Silicafumes - Market |
| Forecasted market size in 2029 | US$ 333.6 million |
| CAGR | 3.0% |
| Forecasted years | 2023 - 2029 |
| Global Silicafumes market, by region: |
|
| Global Silicafumes market, Segment by Type: |
|
| Global Silicafumes market, by Application |
|
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
