The global sodium silicate market is set to grow at a steady CAGR of 3% during the forecast period (2019 to 2029), as projected by a new report of Future Market Insights (FMI). The growth is primarily fueled by the sodium silicate’s eco-friendly and non-toxic nature, which makes it ideal for numerous industrial applications such as detergents, adhesives, and coating, and deflocculated, among the wide range of industrial applications.
Sodium Silicate Market: Key Findings
- Silica manufacturing will remain a major application and will significantly contribute to the market share, backed by surging demand for quartz, and precipitated silica.
- Applications in detergents, pulp & paper, elastomers, food, and healthcare are propelling the demand for sodium silicate.
- Asia Pacific will outpace other regions and will account for more than half of the global share, owing to increasing infrastructural development, which is propelling the demand for sodium silicate.
- North America and Europe will collectively account for more than 1/5th of the market share.
- Developed economies such as the US and UK are expected to provide lucrative opportunities to sodium silicate manufacturers.
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Sodium Silicate Market: Key Driving Factors
- Rising environmental concerns are pushing manufacturers in paper and pulp manufacturers to adopt eco-friendly raw materials, thereby propelling the sodium silicate market on the back of the material’s nature.
- Water treatment and soil stabilization applications are increasingly employing sodium silicate as a cleaning agent and pH stabilizer, thus boosting the market.
Sodium Silicate Market: Key Restraint
- The high cost of raw materials is likely to reduce the profit margins of the market players, thus impacting the overall growth.
Competition Landscape of the Sodium Silicate Market
Some of the key players in the global sodium silicate landscape that are covered in this study include, but are not limited to, American Elements, J.M. Huber Corporation, MALPRO SILICA PRIVATE LIMITED, PPG Industries, Qingdao Dongyue Sodium Silicate Co Ltd, Zaclon, Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, BASF SE, Nippon Chemical Industrial, Evonik Industries AG, and IQE Group., among others. Market players are focusing on expanding to developing markets and research & development activities to develop innovative applications to cater to untapped industries such as welding, cement, agriculture, and food.
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More About the Report
This Future Market Insights study of 250 pages offers actionable insights into the sodium silicate market. The market analysis is based on the application (detergents, catalyst, pulp & paper, elastomers, food & healthcare, & others), across five regions (Asia Pacific, Europe, Middle East & Africa, Latin America and North America).
Sodium Silicate Market: Segmentation
By Application
- Silica Manufacturing
- Detergents
- Catalysts
- Pulp & paper
- Elastomers
- Food & healthcare
- Others (coating, agriculture, etc.)
By Region
- North America
- Latin America
- Europe
- MEA
- Asia Pacific
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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