Increasing demand for sodium silicates from the construction industry is estimated to stimulate market demand.
The global Sodium Silicate Market is expected to reach USD 12.55 Billion by 2028, according to a new report by Reports and Data. This is due to increasing demand for sodium silicates from the end-user industries.
An increase in demand for adhesives sealants in the paper pulp and construction industry is estimated to drive the growth of the market in the upcoming years. There is a stiff competition in the market owing to the presence of several manufacturers with large capacities worldwide. The increasing use of sodium silicates as an adhesive/sealant in various manufacturing applications are driving the product demand. The sodium silicate is used to bind fiber drums, paperboard laminates, and cores of paper towel and toilet tissues, among others.
Escalating deployment of sodium silicate in detergents owing to its excellent emulsifying and high buffering property is expected to propel the market demand in the forecast period. Also, increasing awareness for a healthy lifestyle among the consumers, coupled with rising per capita income is stimulating the development of the market. Besides, the growing paper industry due to increasing use of paper towels, and tissue paper, among others are likely to boost the product demand.
Additionally, technological advancements, and rising disposable income of people in emerging economies are anticipated to fuel the product demand in the upcoming years.
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Top Leading Players: Evonik Industries Ag, Solvay Sa, Pq Corporation, Basf Se, Ciech Group, W.R. Grace Company, Tokuyama Corporation, Sinchem Silica Gel Company Ltd., Shangyu Huachang Industrial Co., And Ppg Industries Inc., Among Others.
Further Key Findings From The Report Suggest
- By Product Form, Solid Sodium Silicate Held A Larger Market Share In 2018 And Is Expected To Grow At A Rate Of 4.2% In The Forecast Period. It Is Used In A Wide Variety Of Applications, Including Detergents Soaps, Pulp Paper, Adhesives Sealants, Gels Powders, And Water Treatment, Among Others.
- By Application, Detergent Contributed To The Largest Market Share In 2018 And Is Expected To Witness A Growth Rate Of 3.4% In The Forecast Period. Sodium Silicate Is Used As A Building Agent In Many Commercial Detergents, Owing To Its Benefits To Prevent Mineral Deposits On Surfaces After Washing By Eliminating Water Hardness.
- The Asia Pacific Region Dominated The Market In 2018 And Is Projected To Grow At A Rate Of 4.3% In The Forecast Period. This Is Primarily Due To The Growth In Building And Construction Activities Coupled With The Increasing Use Of Detergents In The Region. Also, An Increase In The Purchasing Power Parity Of The Consumer Due To Rise In The Level Of Disposable Income Of People Is Expected To Drive The Product Demand In The Region.
- In April 2019, Basf Made An Investment In The Modernization Of Its Silica Plant At The Düsseldorf-Holthausen Location. The Investment Is Allocated For The Modernization And Upgradation Of Existing Facilities Over The Next Ten Years. The Investment Is Intended To Serve Customers With High-Value Silicates.
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Market Segmentation:
Product Form Outlook (Volume, Kilo Tons; 2018-2028 And Revenue, Usd Million; 2018-2028)
- Liquid Sodium Silicate
- Solid Sodium Silicate
Application Outlook (Volume, Kilo Tons; 2018-2028 And Revenue, Usd Million; 2018-2028)
- Adhesives Sealants
- Elastomer
- Detergent
- Flocculants
- Catalyst
- Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 And Revenue, Usd Million; 2018-2028)
- Consumer Products
- Automotive
- Building Construction
- Food Beverage
- Oil Gas
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key Questions Covered In The Global Sodium Silicate Market Report:
- What Is The Expected Market Size Of The Global Sodium Silicate Market During The Forecast Period?
- What Factors Are Expected To Hamper Global Sodium Silicate Market Growth Over The Forecast Period?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And Swot Analysis?
- Which Leading Players Are Operating In The Global Sodium Silicate Market?
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