Sodium Silicate Market Worth About USD 7.84 billion By 2025
What is a Sodium silicate?
Sodium
silicate, also known as “Liquid glass” or “Water glass”, is a compound and
usually a colorless transparent solid or white powder. It is soluble in water
under prescribed limits. Factors, such as increasing demand for sodium silicate
from applications such as precipitated silica, detergents, pulp & paper,
construction, metal casting, water treatment, and food preservation. In
addition, technological advancements, rising disposable income of people in
emerging economies, increasing usage in the construction segment, shifting
preferences regarding detergents and cleaning agents and growing demand are
likely to drive the sodium silicate industry in forthcoming period.
On
the other hand, hazardous effects on human health due to exposure to high
concentration of sodium silicate are anticipated to hinder sodium silicate
market growth in future. However, increase in demand for environment-friendly
binding agents in the construction manufacturing is likely to create lucrative
opportunities for the market. Sodium silicate industry is anticipated to expand
at a significant CAGR in the upcoming period as the scope, product types, and
its applications are increasing across the globe.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/sodium-silicate-market/request-sample
Sodium
silicate market is segmented by form, application, distribution channel, and
geography. The market of sodium silicate is segmented by form as Solid Sodium
Silicate and Liquid Sodium Silicate. The “Solid Sodium Silicate” segment accounted
for a prominent share in the market. It is likely to witness a substantial
growth in the years to come. The key factors that could be attributed to the
growth of the market includes easy use and easy to store as compared to liquid
sodium silicate and low transportation cost.
The
key applications are segmented in the sodium silicate industry include
Construction, Detergents, Precipitated Silica, Water Treatment, Pulp &
Paper, Food Preservation, Metal Casting and Others (Fire Protection, Paints
& Coatings, Cosmetics, Catalyst Manufacturing, and Textile). The
“Detergents” segment accounted for a prominent share in the market. It is
likely to witness substantial growth in the years to come.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/sodium-silicate-market
The
key factors that could be attributed to the growth of the market include rising
demand for sodium silicate for the manufacturing of cleansing agent that are
used for numerous washing. In addition, cleaning methods, such as industrial or
domestic clothes washing, washing bottles, dishes, locomotives, dairy equipment,
and floor cleaning, and metal degreasing and cleaning. The sodium silicate
market is segmented based on distribution channel as offline and online
distribution. The “Offline” segment accounted for a prominent share in the
market. It is likely to witness a substantial growth in the years to come.
Asia-Pacific
is a leading region in the market. It is likely to maintain a dominance in the
forecast period owing to factors, such as rising demand for sodium silicate
from applications such as construction and detergents, increasing foreign
investments, rising population, development of the pulp and paper industry and
rapid urbanization. China is the foremost consumer and producer of sodium
silicate. Asia-Pacific is followed by European region owing to the rising
demand for the compound in healthcare and pulp & paper applications.
Key
players operating in the sodium silicate industry include CIECH Group, BASF SE,
GHCL Limited, Evonik Industries AG, IQE Group, Huber Engineered Materials,
Nippon Chemical Industrial Co. Ltd., Merck Millipore, PPG Industries Inc.,
Occidental Petroleum Corporation, Shangyu Huachang Industrial Co. Ltd., PQ
Corporation, Sichem Silica Gel Co. Ltd. Shijiazhuang Shuanglian Chemical
Industry Co. Ltd. Tata Chemicals Limited, Solvay S.A., W.R. Grace & Company
and Tokuyama Corporation. The leading companies are involved in partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
Comments
Post a Comment