Sodium Silicate Market Size By Form (Liquid, Powder), By Application (Detergent, Catalyst, Paper & Pulp, Elastomers, Food & Healthcare), Industry Analysis Report, Regional Outlook (U.S., Canada, France, UK, Spain, Germany, Italy, China, Japan, India, Australia, Indonesia, Malaysia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: Jan 2018 | Report ID: GMI2396 | Authors: Kiran Pulidindi, Hemant Pandey Report Format: PDF
Global Sodium Silicate Market Size was estimated over USD 9 billion in 2016 and will exhibit growth by a CAGR of over 2% up to 2024.
U.S. Sodium Silicate Market Size, by Application, 2013 – 2024 (USD Million)
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Sodium silicate, commonly known as water glass or liquid glass, is an inorganic chemical compound produced by the combination of silica and sodium oxide. The viscosity of the material can be altered by varying the molar ratio of sodium oxide and silica at elevated temperature. Water glass has wide range of applications including detergent, catalyst, adhesives, pulp & paper, food & healthcare, elastomers, coating, drilling fluids, silica gels, textiles, paints, pottery, refractories, foundry, and wood processing industries owing to its unique characteristics such as sizing, binding, and bleaching. The product is used as an electrolyte which provides suspension of fine particles in liquid. The sodium silicate detergent has wide spectrum of applications such as washing, metal cleaning, de-inking and washing paper, textile processing etc. Water glass helps to control the reversion of phosphates while spray drying and have a binder property to provide with crispness to the detergent beads. Moreover, it helps to maintain the pH level while cleaning. This will in turn increase the effectiveness of detergent, surfactants, and soaps. The rising disposable income and growing awareness about the hygiene and cleanliness will boost the product demand till the end of 2024.
Catalyst deemed to a profitable quotient for the product market owing to use of water glass as a cracking catalyst in petrochemical industry. In 2017, The U.S. increased the oil rig count from 1593 to 2029. The rising investment and exploration of new oil rigs will augment the product demand by the end of forecast period. Sodium silicate catalyst is also used in the catalysis and transesterification of organic material to produce biodiesel. The increasing use of biodiesel in transportation, lubricants, energy generation, etc. will surge the product demand by the end of seven years down the line.
The construction industry in the emerging economies will grow at a faster pace than developed economies. Increasing building & construction activities will propel the product market growth owing to the use of product for the reduction of porosity in concrete. According to UN report 2015, approximately, 20% of world’s aquifer are being exploited causing severe consequences including saltwater intrusion and land subsidence Growing population, industrialization, and urbanization will increase the fresh water demand. They use this product as a deflocculant in water treatment plants, which will bolster the product demand during the forecast period.
The primary restraint in the growth path of water glass market is the harmful effects of sodium silicate. High human exposure of the product will cause some serious damages to the human health. Moreover, price fluctuations of different forms of sodium silicate, coupled with the presence of various substitutes may hamper the market growth by the end of 2024.
Sodium Silicate Market, By Form
Based on form, the sodium silicate market is segmented into powder and liquid. Liquid sodium silicate accounts for more than 60% of the overall market share in 2016. The increasing demand of liquid water glass in adhesives and pulp & paper industries will drive the product demand in the next seven years. The use of product in paper towel cores, toilet tissues, fiber drum binders, paperboard laminates, and others owing to non-toxic and environment friendly properties will increase the product demand by the end of forecast period.
Powder sodium silicate had a volume share of over 50% in 2016, and will witness a healthy growth rate during the forecast timeframe owing to the applications in various end-uses such as food & healthcare, powder detergent, elastomers, etc.
Sodium Silicate Market, By Application
Based on application, the global sodium silicate market is segmented into detergent, catalyst, paper & pulp, elastomers, food & healthcare. The other niche application segment include coating, agriculture, adhesives, binders, etc. Elastomers segment accounted for more than 10% of the overall market share in 2016 and its growth will be augmented by sustained development in automotive industry owing to increase in demand of green tires. The product is used as a reinforced filler in green tires which provide reduction in rolling resistance, hence increasing the fuel efficiency of vehicles.
Sodium Silicate Market, By Region
Asia Pacific will emerge as the fastest growing regional market, growing at a CAGR over 2% during the forecast period. The detergent segment in China accounted for more than 65% of the Asia Pacific market share and generated the revenue over USD 1200 million in 2016. Rising construction activities, oil drilling activities, and automotive production will contribute to the growing product demand over the coming years.
Europe sodium silicate market accounted for over 20% of the global market in 2016. The regional market is primarily driven by pulp & paper, and food & healthcare industry verticals. The increasing demand for waste paper recycling due to the rising awareness about the environment will stimulate the market till the end of study period.
Competitive Market Share
The key manufacturers in the sodium silicate market include PQ Corporation, Huber, Nippon Chemical, PPG Industries, BASF, Evonik Industries, W.R Grace & Co., Oriental Silicas Corporation, Tokuyama Siltech Co. Ltd, Albemarle, OxyChem Corporation, Silmaco NV, Occidental Petroleum Corporation. QUIMIALMEL, CIECH Group. Market participants invest in extensive research & development activities to enhance their product performance and rely on new product development programs to increase their product portfolio and strengthen their market positions.
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Water glass is aptly used across the myriad end-use applications owing to its unique characteristics. The product is added in detergent to maintain the pH, provide binding property, and enhanced the effectiveness of soaps and detergent. Pulp & paper industry manufacturers are also increasing the incorporation of product during waste paper recycling. The use of product as a catalyst in drilling fluids to provide strength to the borewells and prevent them from collapsing, has led to an increased product demand, mostly in Middle East and North America, where exploration of oil & gas activities are increasing. These factors will provide the lucrative market growth till 2024.
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