According to a new research report by Global Market Insights Inc., the Ethyl Polysilicate Market size is set to surpass USD 670 million by 2025. Growing application potential in paints due to its high adhesive power and cross-linking properties will have positive impact on market growth. These characteristics proves advantageous for wall surfaces to remain intact with paint thus providing stability along with moisture resistance.
Government initiatives including new healthcare schemes and education for all has generated demand for building of new public infrastructure including schools and hospitals which will drive industry growth. The product is utilized in concrete & cement processing due to its property of air pores removal and vapors from concrete blocks which is likely to fuel the ethyl polysilicate market share in estimated timeframe.
Ethyl polysilicate market from synthesis of silica is likely to grow over 3.5% through 2025. The product is widely used in end-use industries including oil & gas and metallurgy as an adhesive, binder, and sealant which helps in protecting oil wells, refineries, and metallic surfaces from water contaminants. These chemicals shield wells from getting hydrolyzed, thus maintaining crude oil quality and yield, thereby propelling industry growth.
Browse key industry insights spread across 380 pages with 584 market data tables & 24 figures & charts from the report, “Ethyl Polysilicate Market By Product (Ethyl Polysilicate 28, Ethyl Polysilicate 32, Ethyl Polysilicate 40), By Application (Residential Binding Agent, Cross-linking Agent, Adhesive Agent, Synthesis of Silica), By End Use (Paint and Coatings, Chemical, Metal, Textile, Pharmaceuticals, Optical) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Ethyl polysilicate 32 segment is predicted to exceed USD 115 million by 2025. This product is composed of 32% of silica content by weight and has its utilization as a cross-linking agent. It is widely utilized in cold areas due to its quick drying property which binds two surfaces along with enhancing shear strength and bodyweight ratio which may foster the ethyl polysilicate market in projected timeframe.
It is a flammable & toxic product, direct exposure to it can cause medical inflammations including ailment associated with eye, central nervous system, respiration, liver and kidney. Workers involved in manufacturing of this product for longer duration may suffer from chronic uncurable diseases which may affect the ethyl polysilicate market growth by 2025.
Germany ethyl polysilicate from adhesive agent application is likely to witness strong gains of 3.5% through 2025. The product is used in metal and chemical industry due to its high adhesive power which helps to bind metal containers, storage bags for chemicals and pharmaceutical industry. These factors may stimulate the ethyl polysilicate market demand by foreseeable timeframe.
China ethyl polysilicate from pharmaceutical industry is projected to exceed USD 5 million by 2025. It is utilized in medical products packaging including medicines and injections. It binds medicinal product with an airtight covering around it which maintains a sterilized environment and shields drugs from getting contaminated by pathogens & bacteria which may promote the ethyl polysilicate market growth in the estimated timeline.
Global ethyl polysilicate industry share is competitive and slightly fragmented with key industry players including Tritech Catalyst and Intermediate Pvt. Ltd., Evonik, Wacker, COLCOAT, YAJIE Chemical and Hopeful silane. Increasing demand has encouraged manufacturers to invest in R&D initiatives to develop novel products. Companies are spending on developing new technologies along with improving existing products which may fuel the industry share.