Sodium Silicate Market size worth over $11.5bn by 2024
Published Date: August 21, 2018 Authors: Kiran Pulidindi, Hemant Pandey
Sodium Silicate Market size is set to exceed USD 11.5 billion by 2024; according to a new research report by Global Market Insights, Inc.
Strengthened by increasing demand of sodium derivatives including precipitated silica and zeolites as catalysts in various chemical and bio-based processes, global sodium silicate market is expected to grow in the projected time frame. It acts as basic source of silica which has huge demand in various industries such as paper & pulp, detergent, food & beverage, rubber etc. Rising demand of derivatives including silica sols and silica gel in application such as plastics, paint & coating, and ink is also expected to uplift product demand.
High volatility in the raw material prices along with negative health impacts caused by the product to human health are few factors hampering the market growth. However, technological innovations in the production process in order to replace the traditional raw materials with new substitutes such as rice husks can compel many new players in the market.
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Based on form, the sodium silicate market is segmented into powder and liquid sodium silicate. Powdered form is extensively used in soaps, detergents, as an anti-oiling agent, as a binder and in many other applications. The powdered form can also be utilized as an ingredient in welding rods and as ceramic adhesives as well. Also, powder form is used as an emulsifier, flame retardant agent and as an antirust agent.
Browse key industry insights spread across 320 pages with 382 market data tables & 25 figures & charts from the report, “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” in detail along with the table of contents:
Sodium silicate finds application in ample number of industries covering food and healthcare, detergents, paper and pulp, elastomers and in many other areas. In paper industry, it is used in binding items such as corrugated board, Angleboard and in paperboard laminates. The product is used in food industry as basic food additive to prevent clumping and caking to allow powder flow even more easy. It is utilized as an ingredient in cake mixes, powdered soups, powdered milk etc. Although one of the major applications of the product is in adhesives as a result of high silica content in them. The material removes small amount of water which is converted form liquid to solid. The added advantage of these adhesives is their improved ability to expand and adjust in broad range and in forming a rigid layer which is strong and permanent.
In Europe, the sodium silicate market demand is expected to arise from paper & pulp and healthcare industry. Product demand in Germany is driven by increasing use as a filler in elastomers sector. In developing countries such as in India, the demand is expected to arise form growing detergent and other FMCG product demand in the country. Furthermore, sodium silicates are generally utilized as sealers in concrete countertops which is one of the reasons driving its demand in construction sector. North America is also expecting an increase in product demand due to rising investment in building and construction sector and due to minor tax cuts and rising consumer spending.
Few sodium silicate market participants are BASF SE, Glassven C.A, Agrigenic Chemicals, Inc., M. Huber Corporation, OxyChem Corporation, PPG Industries, Inc, PQ Corporation, Malpro Silica Private Limited, Glassven C.A. etc. The companies are keen to invest in order to enhance their product portfolio to gain competitive edge over others. For instance, W.R. Grace & Co with a joint venture with Chevron Products Co invested around USD 135 million to enhance capacity at existing manufacturing facility in lake Charles. The existing plant is engaged in the production of alumina and sodium silicate.
The sodium silicate market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2014 to 2025, for the following segments:
Application by Form
- Pulp & paper
- Food & healthcare
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa