The global Sodium Silicate Market size is expected to reach USD 15.62 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. Growing demand in manufacturing household as well as industrial detergents is anticipated to propel product demand over the forecast period.
Sodium
carbonate and silica sand are the key raw materials used for the production of
sodium silicate. Presence of numerous raw material suppliers across the globe
eases the procurement of key feedstock, thus impacting the overall production
on a positive note. Major companies including GHCL limited, Tata Chemicals
Limited, Solvay S.A. and Merck Millipore are involved in the production of raw materials
used for sodium silicate manufacturing.
The
pricing strategy for the compound is driven by the quality of the product. As a
result, industry players are likely to invest more on R&D to reduce product
cost and expand product portfolio in order to gain the market share.
Furthermore, key industry players are adopting expansion and integration
strategies in order to establish themselves in the global sodium silicate
market.
Commercially,
the compound is available in both liquid and solid forms. International trade
of liquid products is limited by the cost of transportation rather than
production costs. As a result, majority of the manufacturers prefer captive
consumption of the product for manufacturing of silica derivatives, such as
zeolites and precipitated silica.
Sodium
silicate products of commercial concentrations with m<1.8 and silicate
powders with m<2.4 attack the skin when tested according to Federal
Hazardous Substances Act (FHSA) protocols. The market is thus subjected to
stringent regulations prescribed by the Occupational Safety and Health
Association (OSHA), the U.S. Department of Transportation (DoT), and Resource
Conservation and Recovery Act (RCRA).
Related Press
Release@ Sodium
Silicate Market Report
List of Key Players in the Sodium Silicate Market
- Solvay S.A
- PQ
Corporation
- Evonik
Industries AG
- CIECH Group
- BASF SE
- PPG
Industries, Inc
- W.R. Grace
& Company
- Tokuyama
Corporation
- Sinchem
Silica Gel Co, Ltd.
- Shangyu
Huachang Industrial Co., Ltd.
- hijiazhuang
Shuanglian Chemical Industry Co. Ltd
- Nippon
Chemical Industrial Co., Ltd.
- Huber
Engineered Materials
- IQE Group
- Occidental
Petroleum Corporation
Sodium Silicate Market Report Highlights
- The
catalysts application segment is expected to register a significant CAGR
over the projected period owing to increasing demand in
transesterification of palm oil for formulation of biodiesel
- Detergents
was the dominant application segment in 2022 accounting for 22.7% share of
the overall volume, owing to high consumption of sodium silicate for
manufacturing powdered detergents
- The elastomers
application segment is expected to progress at the highest CAGR over the
forecast period, due to high demand in manufacturing molded flexible
parts, seals, and adhesives
- Asia Pacific
held the largest share of over 46.0% in terms of volume in 2022 and is
expected to dominate the market over the forecast period on account of
expanding automotive and construction sector in emerging economies,
including China and India
- Participants
in the industry have adopted partnership and joint venture strategies to
meet increasing consumer demand and gain larger market shares
Sodium Silicate Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 11.43 billion |
|
Revenue forecast in 2030 |
USD 15.62 billion |
|
Growth Rate |
CAGR of 4.2 % from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Related Reports@
Sodium Silicate Market Segmentation
Grand
View Research has segmented the global sodium silicate market on the basis of
application and region:
Sodium Silicate Application Outlook (Volume, Kilo tons;
Revenue, USD Million, 2018 - 2030)
- Detergents
- Catalysts
- Pulp &
paper
- Elastomers
- Food &
healthcare
- Others
Sodium Silicate Regional Outlook (Volume, Kilo tons;
Revenue, USD Million, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Switzerland
- France
- Italy
- Spain
- Netherlands
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Thailand
- Indonesia
- Singapore
- New Zealand
- Philippines
- Central
& South America
- Brazil
- Argentina
- Chile
- Middle East
& Africa
- UAE
- Saudi
Arabia
- South
Africa
- Egypt
- Iran
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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