FEATURED COMPANIES
- BASF SE
- CIECH Group
- Evonik Industries AG
- PPG Industries Inc
- PQ Corporation
- Solvay SA
Growing awareness and importance of hygiene and sanitation among people, and need for sodium silicate for production of hygiene products are key factors driving market revenue growth.
Market Size - USD 9.52 Billion in 2020, Market Growth - CAGR of 3.4%, Market Trends - Rising use of sodium silicate for production of bio-diesel and environment-friendly tires
The global sodium silicate market size is expected to reach USD 12.55 Billion in 2028, and register a CAGR of 3.4% during the forecast period. Market growth can be attributed to increasing consumption of sodium silicate in detergent industry because of its ability to remove oil and grease, as well as excellent cleaning power.
In addition, increasing consumption of the product as buffering agent, which helps in soil anti re-deposition and inhibiting corrosion process, as well as, growing demand for sodium silicates for water desalination and purification are other major factors expected to boost market growth.
Availability of low-cost substitutes, and side-effects of over use of sodium silicate on human health are factors that could hamper market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global sodium silicate market has been segmented on the basis of product form, application, industry vertical, and region:
Product Form Outlook
Application Outlook
Industry Vertical Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 9.52 Billion in 2020, Market Growth - CAGR of 3.4%, Market Trends - Rising use of sodium silicate for production of bio-diesel and environment-friendly tires
The global sodium silicate market size is expected to reach USD 12.55 Billion in 2028, and register a CAGR of 3.4% during the forecast period. Market growth can be attributed to increasing consumption of sodium silicate in detergent industry because of its ability to remove oil and grease, as well as excellent cleaning power.
In addition, increasing consumption of the product as buffering agent, which helps in soil anti re-deposition and inhibiting corrosion process, as well as, growing demand for sodium silicates for water desalination and purification are other major factors expected to boost market growth.
Availability of low-cost substitutes, and side-effects of over use of sodium silicate on human health are factors that could hamper market growth to some extent.
Some Key Findings From the Report:
- Among the product form segments, the solid segment accounted for the largest revenue share in 2020. The liquid segment is expected to register a robust revenue CAGR during the forecast period.
- Application of liquid sodium silicates in trans-esterification and catalyst cracking operations for producing bio-diesel is gaining popularity, owing to growing cost of crude oil and depleting fossil fuels.
- Among the application segments, the elastomer segment accounted for significantly high revenue share in 2020, and is projected to register highest growth rate during the forecast period.
- Among the industry vertical segments, the consumer product segment accounted for the largest revenue share in 2020, due to increasing consumption of sodium silicate for manufacturing detergents.
- The Asia Pacific market is projected to register highest growth rate during the forecast period. China is the leading consumer of sodium silicate, accounting for about 36% of world’s consumption, followed by Western Europe, the United States, and Other Asia.
- North America market is expected to account for considerably high revenue share in the global market in 2020. Europe market is projected to register moderately high growth rate during the forecast period. Rising demand for the product from industries including pulp and paper, and pharmaceutical is expected to boost growth of the market in the region.
- Companies profiled in the market report include 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. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global sodium silicate market has been segmented on the basis of product form, application, industry vertical, and region:
Product Form Outlook
- Liquid Sodium Silicate
- Solid Sodium Silicate
Application Outlook
- Adhesives & Sealants
- Elastomer
- Detergent
- Flocculants
- Catalyst
- Others
Industry Vertical Outlook
- Consumer Products
- Automotive
- Building & Construction
- Food & Beverage
- Oil & Gas
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Sodium Silicate Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Sodium Silicate Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
FEATURED COMPANIES
- BASF SE
- CIECH Group
- Evonik Industries AG
- PPG Industries Inc
- PQ Corporation
- Solvay SA
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Sodium Silicates Segmentation & Impact Analysis
Chapter 5. Sodium Silicates Market By Product Form Insights & Trends
Chapter 6. Sodium Silicates Market By Application Insights & Trends
Chapter 7. Sodium Silicates Market By Industry Vertical Insights & Trends
Chapter 8. Sodium Silicates Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
- 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.
- PPG Industries Inc