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Global Ultrafine MicroSilica Market Insight2021-12-30 Comments
The ultrafine microSilica is forecast to continue rising steadly over the next four years. According to the World Knowledge Information (WKI) “Global Ultrafine MicroSilica Professional Survey Report 2020, Forecast to 2025”, The increasing use of ultrafine microSilica in concrete, refractory and other industries is the main factor driving the growth of the global ultrafine microSilica market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 4.09% base on WKI regression analysis model.
“From the current situation of the industry, the ultrafine micro silica industry is being occupied by leading participants in a large area, the industry concentration is high, and it is difficult for new entrants to squeeze into the market.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI.“As for small enterprises, they can also choose to seek mergers and acquisitions to enhance their strength.”
Ultrafine microsilica is used in smelting ferrosilicon and industrial silicon (metal silicon), a large amount of highly volatile SiO2 and Si gas is produced in the submerged arc furnace, which is rapidly oxidized, condensed and precipitated with air after gas emission. High quality ultrafine microsilica is mainly used as high-performance refractory castable, preform, ladle material, permeable brick, self flowing refractory castable and dry and wet spraying material. Due to its superior performance, it is the first material selected by builders to promote the increase of demand for ultrafine microsilica and the growth of market scale of global ultrafine microsilica.
However, there are still some problems that need to be paid attention to by ultrafine microsilica manufacturers. For example, the high-tech R & D expenses will limit the global market growth of ultrafine microsilicato in a certain extent.
The leading players in the global Ultrafine Silica Fume (Microsilica) market include Elkem Blue Star, Globe Specialty Metals Ferroglobe, FerroAtlntica Ferroglobe, Finnfjord, RW Silicium GmbH, Wacker, CCMA, Fesil, Washington Mills, Dow Corning, Simcoa Operations, Elkon Products, OFZ a.s., Minasligas, Erdos Metallurgy, Wuhan Mewreach, WINITOOR, East Lansing Technology, Lixinyuan Microsilica, All Minmetal International, Blue Star, QingHai WuTong, Sichuan Langtian, Jinyi Silicon Materials, Renhe, Linyuan Micro Silica Fume and others.
Segmentation of Ultrafine Micro Silica Market:
According to the product type, the global ultrafine micro silica market can be divided into dense silica fume, semi dense silica fume, non dense silica fume and others. Non dense silica fume dominates the market. Because the increasing expansion and the introduction of new products are expected to drive the growth of this segment. According to the application, the global ultrafine micro silica market can be divided into specific, refractory and others. The application of refractories occupies a dominant position in the market. The addition of ultrafine micro silica to refractories can improve the fluidity, sintering, adhesion, pore filling, structural density and strength of raw refractories. It is widely used in various construction buildings, promote the increase of demand for ultrafine micro silica and promote the growth of the global market of ultrafine micro silica.
Ultrafine Micro Silica Market: Regional Analysis
In terms of geography, the global ultrafine micro silica market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.At present, Europe is the largest consumer area of ultrafine micro silica in the world, with a consumer market share of more than one-third. However, due to the investment growth and rapid industrialization of smart city projects in countries such as China, India and Southeast Asian economies, the demand for refractories has surged and the expansion of the market scale of ultrafine micro silica in this region. Therefore, in the prediction period, the Asia Pacific region will lead the global ultrafine micro silica market. It is expected that the demand for ultrafine micro silica in the Middle East and Africa will achieve a high compound annual growth rate in the forecast period. This demand is due to growing infrastructure investment and major capital projects in industries such as hotels, health care and education.
Largest share area：Europe
Largest share country：Russia