Sodium Silicate Market Growth

The sodium silicate market has seen steady growth over the years due to its versatile applications across various industries. Sodium silicate.

WILMINGTON, DELAWARE, UNITED STATES, November 24, 2023 /EINPresswire.com/ -- The sodium silicate market has seen steady growth over the years due to its versatile applications across various industries. Sodium silicate, commonly known as water glass, is a compound derived from sodium oxide and silica. Its properties, such as adhesive strength, chemical stability, and binding abilities, make it useful in diverse sectors.

According to the report, the global sodium silicate industry garnered $7.2 billion in 2019, and is expected to generate $9.2 billion by 2027, witnessing a CAGR of 3.7% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6534

𝐒𝐨𝐦𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

𝐃𝐞𝐭𝐞𝐫𝐠𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐒𝐨𝐚𝐩𝐬: It's a crucial component in detergents, acting as a binding and anticorrosive agent. It helps in stabilizing the formulation of detergents and provides alkalinity.

Surge in demand for manufacturing detergents, soaps, rubbers, and tires and increased demand from the pulp & paper industry drive the growth of the global sodium silicate market. However, hazardous nature of sodium silicate and availability of substitutes hinder the market growth. On the other hand, increase in application in the construction industry presents new opportunities in the coming years.

𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧: Sodium silicate is used in cement formulations and concrete treatment. It acts as a concrete sealer, as well as a binder for refractory materials used in high-temperature applications.

The crystalline segment contributed to the highest market share, accounting for nearly two-thirds of the global sodium silicate market in 2019, and is expected to maintain its lead position throughout the forecast period. Moreover, this segment is projected to manifest the highest CAGR of 3.9% from 2020 to 2027. This is due to its application in fireproofing mixtures, laundry, dairy, metal, and floor cleaning. The report provides a detailed analysis of the anhydrous segment.

𝐏𝐚𝐩𝐞𝐫 𝐚𝐧𝐝 𝐏𝐮𝐥𝐩 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: It's utilized as a binding agent in paper production and helps improve the fire resistance of paper.

The construction segment held the highest market share in 2019, accounting for nearly one-third of the global sodium silicate market, and is estimated to maintain its leadership status in terms of revenue throughout the forecast period. This is due to its usage in soil stabilization, concrete hardening, and cement refractories. However, the pulp & paper segment is expected to portray the highest CAGR of 4.3% from 2020 to 2027, owing to its increased use in fresh as well as recycled paper for de-inking and brightening pulps.

𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: Sodium silicate serves as a raw material in the production of various chemicals, including silica gel, zeolites, and precipitated silica.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞: In the automotive sector, sodium silicate is used in coatings, adhesives, and as a component in coolant formulations.

The market growth is often influenced by factors like industrialization, demand for eco-friendly products, and technological advancements enhancing the application scope of sodium silicate.

North America is expected to witness the fastest CAGR of 4.3% during the forecast period. This is due to increase in activities in construction, detergent, catalyst, tube winding, and paper & pulp industries in the region. However, Asia-Pacific contributed to the largest market share in 2019, holding more than two-fifths of the global sodium silicate market, and is estimated to maintain its dominant share by 2027. This is attributed to presence of large number of corporations and expansion of businesses by market players in the region.

Additionally, factors such as availability of raw materials (sodium carbonate and silica), environmental regulations impacting production methods, and competition from alternative products also play significant roles in shaping the market dynamics.

Market trends often focus on developing eco-friendly and cost-effective production methods, exploring novel applications, and catering to the demands of various end-user industries. The market is highly competitive with several key players contributing to its growth.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: -

- Tokuyama Corporation

- Evonik Industries AG

- Merck Millipore Limited

- Nippon Chemical Industrial Co. Ltd.

- PQ Group Holdings Inc.

- Occidental Petroleum Corporation

- CIECH S.A.

- Sinchem Silica Gel Co. Ltd.

- Shijiazhuang Shuanglian Chemical Industry Co. Ltd.

- Kiran Global Chem Limited

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/sodium-silicate-market/purchase-options

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Allied Market Research
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.