Global Sodium Silicate Market Overview :
Global Sodium Silicate market is estimated to reach $8.1 Billion by 2025; growing at a CAGR of 3.3% till 2025. Sodium silicate is booming in the market owing to its widespread applications. It is used in the wastewater treatment industry in the cleaning process called coagulation. The escalation in the number of population with disposable income is shifting perspective about cleaning, which leads to high demand for cleaning products. Moreover, it is also in food & medicine industry in wrinkle remover creams and food preservatives respectively. It also acts as a joint & crack sealer in the automotive industry.
Global Sodium Silicate Market: Growth Factors
Rising demand for sodium silica derivatives such as reactive silica and silica gels is expected to fuel market growth. Moreover, other derivative such as precipitated silica and zeolites are used in the chemical industry. Additionally, the growing adoption of sodium silicate in the construction industry is also driving the market growth. However, unstable raw material price and availability of effective alternative such as liquid detergent might hinder the market growth. Technological advancement, such as the development of degradable sodium silicate, will fuel the market in the near future.
Global Sodium Silicate Market: Segmentation
The global sodium silicate market is mainly classified based on application. On the basis of application, the market is categorized as detergents, catalysts, pulp & paper, elastomers, food & healthcare, and others.
Global Sodium Silicate Market: Regional Analysis
The global sodium silicate market, based on geography, is classified as North America, Europe, Asia-Pacific, and Rest of the World. North America is classified as the U.S., Canada, and Mexico, while Europe is divided into the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific, whereas ROW is categorized into South America, the Middle East, and Africa.
Global Sodium Silicate Market: Competitive Players
Key players operating in the market include PQ Corporation, Solvay S.A., Evonik Industries AG, BASF SE, CIECH Group, Huber Engineered Materials, Nippon Chemical Industrial Co., Ltd., Shijiazhuang Shuanglian Chemical Industry Co. Ltd., Shangyu Huachang Industrial Co., Ltd., Sinchem Silica Gel Co, Ltd., Tokuyama Corporation, W.R. Grace & Company and PPG Industries, Inc.
Sodium Silicate Market Key Segments:
- Pulp & Paper
- Food & Healthcare
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- PQ Corporation
- Solvay S.A.
- Evonik Industries AG
- BASF SE
- CIECH Group
- Huber Engineered Materials
- Nippon Chemical Industrial Co., Ltd.
- Shijiazhuang Shuanglian Chemical Industry Co. Ltd.
- Shangyu Huachang Industrial Co., Ltd.
- Sinchem Silica Gel Co, Ltd.
- Tokuyama Corporation
- W.R. Grace & Company
- PPG Industries, Inc.
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies to fortify their foothold in the market