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Silica Fume Market in India: About this marketSpeak directly to the analyst to clarify any post sales queries you may have.
The silica fume market in India analysis considers sales from construction, marine, oil and gas, and other applications. Our study also finds the sales of silica fume from silicon metal and ferrosilicon sources. In 2019, the construction segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as providing durability and damage resistance to structures will play a significant role in the construction segment to maintain its market position. Also, our silica fume market in India report looks at factors such as increase in number of residential projects, infrastructure development driving need for silica fume, and growing industrialization and rising international trade. However, high price of silica fume, easy availability of substitutes, and health hazards of silica fume may hamper the growth of the silica fume market in India over the forecast period.
Silica Fume Market in India: Overview
Growing industrialization and rising international trade
Growing industrialization and rising international trade in India are leading to the growth of various end-user industries including construction, automotive, chemical, infrastructure development, and manufacturing industry, which in turn will lead to the increase in demand for silica fume. Moreover, growing investments from the government for deployment of sustainable and environment-friendly practices for production will drive growth. Furthermore, the use of silica fume in the packaging industry is also likely to surge with the consistent growth of the e-commerce industry in India. Thus, the rapid increase in industrialization and international trade activities will lead to the expansion of the silica fume market in India at a CAGR of over 5% during the forecast period.
Use of silica fume in self-compacting concrete
Self-compacting concrete offers attractive benefits which have led to an increase in demand for self-compacting concrete from small and medium-scale manufacturing units. Self-compacting concrete is a feasible option as it has thin concrete sections, improved durability, high design freedom, convenient placing, and fast construction. Furthermore, the use of silica fume in self-compacting concrete helps to improve air quality while minimizing the cost of maintenance, repair, and operation. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the silica fume market in India is highly concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading manufacturers, that include BanFam Merchants Pvt. Ltd., Choice Organochem LLP, Dalian Fuchang Chemical Co. Ltd., Guru Corp., JAYCEE Resources Pvt. Ltd., N K Enterprise, Oriental Trexim Pvt. Ltd., Rockfit Corp., Sika AG, and WUHAN NEWREACH MICROSILICA Co. Ltd.
Also, the silica fume market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: MARKET SEGMENTATION BY SOURCE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Executive Summary
The following companies as the key players in the silica fume market in India: BanFam Merchants Pvt. Ltd., Choice Organochem LLP, Dalian Fuchang Chemical Co. Ltd., Guru Corp., JAYCEE Resources Pvt. Ltd., N K Enterprise, Oriental Trexim Pvt. Ltd., Rockfit Corp., Sika AG, and WUHAN NEWREACH MICROSILICA Co. Ltd.Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the use of silica fume in self-compacting concrete.”
According to the report, one of the major drivers for this market is the growing industrialization and rising international trade.
Further, the report states that one of the major factors hindering the growth of this market is the high price of silica fume.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- BanFam Merchants Pvt. Ltd.
- Choice Organochem LLP
- Dalian Fuchang Chemical Co. Ltd.
- Guru Corp.
- JAYCEE Resources Pvt. Ltd.
- N K Enterprise
- Oriental Trexim Pvt. Ltd.
- Rockfit Corp.
- Sika AG
- WUHAN NEWREACH MICROSILICA Co. Ltd.
