LONDON--(BUSINESS WIRE)--#SilicaFumeMarketinIndia--The silica fume market size in India is expected to grow by USD 10.83 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period.

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The rising industrialization and international trade is one of the major factors propelling market growth.

Since silica fume has significant applications in the construction, marine, oil and gas, and other industries, the growing industrialization and international trade activities in India will contribute to revenue generation for vendors. The demand for commodity products, chemicals, automotive, electronics, and other industrial goods is rising mainly because of the high consumption of these products in the country. The overall economic growth and the rise in consumer spending have increased the total volumes of goods being moved within the country as well as internationally. As a result, exports and imports are rapidly growing. Therefore, logistics activities have been growing significantly. This, in turn, is increasing the demand for seaborne transportation, which has a significant application of silica fume. These factors will influence silica fume market growth in India over the forecast period.

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Silica Fume Market in India: Application Landscape

In construction applications, silica fume is used with concrete to provide durability and damage resistance to structures. It imparts durability by providing corrosion resistance against chemical salts and iron attacks. These beneficial features have increased applications of silica fume. Therefore, the booming infrastructure and construction industries in India will significantly fuel the silica fume market share in India. Moreover, market growth by the construction segment will be faster than the growth of the market by the marine, oil and gas, and others segments.

Silica Fume Market in India: Source Landscape

Silica fume is a byproduct extracted during the production of silicon metal. Silicon metal and its alloys are generally produced using electric furnaces. Coal, charcoal, quartz, and wood chips are a few of the common raw materials used in the production of silicon metal. Owing to its small particle size, silica fume is mostly used as a mineral admixture in the production of high strength concrete. Moreover, market growth by the silicon metal segment will be faster than the growth of the market by the ferrosilicon segment.

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Companies Covered

• 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.

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• Competitive landscaping mapping the key common trends
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Silica Fume Market in India 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist in silica fume market in India growth during the next five years
• Estimation of the silica fume market in India size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the silica fume market in India
• Analysis of the market�s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of silica fume market in India, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Construction - Market size and forecast 2019-2024
• Marine - Market size and forecast 2019-2024
• Oil and gas - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY SOURCE

• Market segmentation by source
• Silicon metal
• Ferrosilicon

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing adoption of smart concrete
• Use of silica fume in self-compacting concrete
• Growing popularity of geopolymer cement concrete

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• BanFam Merchants Pvt. Ltd.
• Choice Organochem LLP
• Dalian Fuchang Chemical Co. Ltd.
• Guru Corp.
• JAYCEE Resources Pvt. Ltd.
• N K Enterprises
• Oriental Trexim Pvt. Ltd.
• Rockfit Corp.
• Sika AG
• WUHAN NEWREACH MICROSILICA Co. Ltd.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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