Sodium Silicate Market Overview:
The global sodium silicate market is gaining ground due to a multitude of sodium silicate applications in many user industries. Sodium silicates are used as adhesives, binders, detergents, additives in cleaning agents, simple coatings, coagulants, catalyst bases, chemical products, deflocculates, zeolites and cements, among others. For example, sodium silicate is used as a binder in the construction industry, while precipitated silica is used as reinforcement filler in tire applications to meet the demand for green tires.
Despite this, in many parts of the world, the increase in disposable income and changing consumer preferences have played a key role in the expansion of the detergent and cleaning products market. Increasing awareness of the importance of staying healthy is driving an increasing demand for cleaning products. The sodium silicate used as an additive maintains an effective pH during cleaning operations. This improves the effectiveness of soaps and surfactants and the detergency of cleaning products.
Sodium Silicate Market Size:
According to the research report, the Sodium Silicate Market was valued USD XX.XX Million in 2017, and Expected to reach USD XX.XX million by the end of 2022 with a CAGR of xx.xx% during the forecast period 2017-2022.
Sodium Silicate Market Drivers and restraints:
It is expected that the increasing demand of other sodium derivatives, such as zeolites and precipitated silica, as catalysts in bio and chemical processes, will slow down the growth of the market during the forecast period. Sodium silicate is a key source of reactive silica that is demanded in many industries, including detergents, rubber, food and beverages, as well as paper and pulp. The increasing demand of other sodium derivatives such as silica gels and silica sols in applications such as paints and coatings, plastics and inks would provide a great boost to the market during the forecast period.
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The burgeoning pulp and paper sector in China, with a large forestry sector and favorable government regulation, is expected to contribute to market growth over the foreseen period. Manufacturing is a capital-intensive process and involves the use of various equipment, including a glass oven, agitators, boilers and accessories, as well as storage drums. The compound is made mainly of silica and sodium carbonate. The ratios of the raw materials used to make the compound generally vary according to the specifications of the desired final product. The large investments of manufacturing companies in R & D activities to improve the chemical and physical properties of the product are likely to lower prices in the future. It is also expected that rapid growth in end-use industries, including food and beverages, catalysts and elastomers, will drive market growth during the forecast period.
Sodium Silicate Market Geographical segmentation:
The growth of the pulp and paper industry in Mexico, combined with greater foreign investment, would positively influence the growth of the market in North America. Europe accounted for more than 20.0% of total market revenues in 2017. The German market is expanding mainly due to the growing demand for the product as a burden on the elastomer industry.
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Sodium Silicate Market Key Players:
Key players in the global sodium silicate market include PQ Corporation, BASF SE, Evonik Industries AG, W.R. Grace & Co., CIECH Group, Silmaco NV, Oriental Silicas Corporation, Aromachimie Company Ltd, Industrial Chemicals Ltd, SIEKEM d.o.o, MAGNIFIN, BEKO Troyan, Glassven C.A, Z.Ch. Rudniki SA, Huber Engineered Materials, PPG Industries, Tokuyama Siltech Co. Ltd, Occidental Chemical Corporation, Nippon Chemical Industrial Co. Ltd, Solvay, and Diatom.
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