Sodium Silicate Market to Expand at 1.92% CAGR during 2016-2024
Sodium silicate acts as a sealant in the cement & concrete industry. It provides chemical and physical durability to concrete surfaces such as bridges, walls, building blocks, slabs, and countertops. Inorganic silicates exhibit adhesive, fire-resistant, and intumescent properties in the manufacture of various building materials such as wallboard and acoustic tiles. Furthermore, silicates serve as extrusion aids and help reduce shrinkage on firing in brick and clay products. Construction materials and soil stabilization s one of the prominent applications of sodium silicate. Thus, the construction industry is anticipated to influence the sodium silicate market during the forecast period. Sodium silicate is primarily used in the production of specialty silica. Therefore, rise in production of specialty silica in various countries is driving the sodium silicate market. The silica manufacturing application segment accounts for quarter of sodium silicate consumption.
Thus, rise in demand for specialty silica is likely to propel the sodium silicate market during the forecast period. Expansion in the health & wellbeing industry has been augmenting the demand for detergents and cleaning agents. Sodium silicate is the key ingredient in detergent agglomeration. , sodium silicate increases the effectiveness of surfactants and soaps, and improves detergency of products. These parameters have made sodium silicate a popular additive in the detergents & cleaning agents industry. Sodium silicate aka water glass is used as coagulant or deflocculant agent in water treatment plants.Demand for sodium silicate is projected to increase significantly in the next few years considering the extensive manufacturing of silica and sodium silicate derivatives in various regions. Asia Pacific dominates the sodium silicate market in terms of production and demand. Countries such as China, Japan, and South Korea are expected to be the key producers and consumers of sodium silicate. Europe is the second largest consuming region.
This report analyzes and forecasts the market for sodium silicates at the global and regional level. The market has been forecast based on volume (KILO TONS) and revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global sodium silicate market. It also covers impact of these drivers and restraints on demand for sodium silicate during the forecast period. The report also highlights opportunities in the sodium silicate market at the global and regional level.The report includes detailed value chain analysis, which provides a comprehensive view of the global sodium silicate market. Porter’s Five Forces model for the sodium silicate market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global sodium silicate market by segmenting it in terms of applications such as silica manufacturing, detergents, chemicals & catalysts, pulp,paper& board, water treatment, construction materials, soil stabilization and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for sodium silicate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.