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Global Microsilica Market Insight March 22, 2022 Comments

Microsilica is a fine powder made from the byproduct of silicon metal or ferrosilicon alloys in electric arc furnace. According to the WK-chem Research “Global Microsilica Professional Survey Report 2022, Forecast to 2027”, Construction and infrastructure developments have driven its growth. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.5% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“The population will continue to increase in the future, and construction and infrastructure will continue to develop,” said Cassie Joy, a senior analyst at WK-chem Research’s Chemcial & Material Market Research Center. “Microsilica market forecast period will continue to grow.”
Market insight:
According to a report by KPMG, 2050 will have seen the human population explode from 2.5 billion to 9.2 billion. Hence there is a need to develop residential infrastructure as 75% of the population will be living in urban areas. It is estimated that approximately INR 304 lakh crores of investment is required in the Indian infrastructure sector till 2040 in order to sustain the country’s development. Not only India but Asian countries like China and Japan are also working towards increasing infrastructure and providing the best infrastructure and growth in their economy. And the construction industry is the application market with the largest share. The above factors indicate that the silicon fume market will have rapid growth during the forecast period.
However, the rising price of silica powder and the COVID-19 pandemic are likely to constrain the market.
Competition Landscape:
Investment in research and developmental activities for development of innovative products is expected to boost sales revenue of key players. Majority of key players in the market are associated with product improvement and product diversification to ensure competitive edge over other players. Key manufacturers and suppliers of Microsilicas include Norchem Inc., Elkem AS, Cement Industries Inc., Dow Corning Corporation, and Wuhan Newreach Microsilica Co., Ltd.
Segmentation of Microsilica Market:
According to the content of silica can be divided into three kinds, silica (80-90%), silica (90-95%) and silica (95% and above). Silica powder containing 90-95% silica occupies the largest share of the silica powder market. The higher the amount of silica, the better the physical properties of concrete. More silica gives concrete more ash. The silica content of silica powder depends on the type of alloy used in its production. 98% silicon metal can produce silicon powder with a silicon dioxide content of 87-98%, and in the case of alloys, 50% ferric silicon can produce 74-84% silicon dioxide. According to international standards, silica powder must contain at least 85% silica.
According to the application industry, it can be subdivided into construction and construction (residential buildings (independent houses, row houses and large apartment buildings), commercial buildings (airports, hospitals, clinics, medical institutions, hotels, restaurants, cafes, office buildings, shopping centers, Supermarkets), stadiums and others)), industry (ocean, oil and gas, electricity and energy, chemical industry, etc.) and infrastructure (roads, highways, bridges, tunnels, dams, canals and others). The construction industry occupies the largest share. Adding Microsilica to concrete can provide durability and less damage sensitivity to the constructed structure. The rapidly growing population is increasing the popularity of multi-storey buildings. This in turn promotes the demand for silicon powder. The strong growth of the construction industry in the Middle East and the increasing use of Microsilica as a concrete admixture are expected to promote the development of the Microsilica market.
Microsilica Market: Regional Analysis
According to geographic location, it can be subdivided into North America, Europe, Asia Pacific, etc. The Middle East and Africa are expected to become the fastest-growing market for Microsilica. The massive investment in construction projects is driving the demand for silicon powder. It is expected that the increase in construction of Middle Eastern economies such as the UAE and Saudi Arabia will mainly promote the development of the Microsilica market. However, it is expected that China and the United States will become major consumers of silicon fume. Due to increased government spending on infrastructure development and maintenance activities in the next few years, these two economies are likely to maintain most of the market share. In addition, it is estimated that emerging economies in the Asia-Pacific region and Latin America will increase the demand for silicon powder. The rapid industrialization and urbanization of emerging economies such as India, Brazil, Indonesia and Malaysia are expected to drive the demand for silicon powder.
Cagr: 4.5%
Largest share area:Asia Pacific
Largest share country:China