The latest research study “Sodium Silicate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global sodium silicate market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.65% during 2023-2028.
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Sodium silicate, with the formula (Na2SiO3), also known as sodium metasilicate or water glass, is a colorless, flaked, and inorganic compound composed of sodium and silica oxides. It consists of silicate in the form of a counterion and is produced by fusing sodium oxide from soda ash and silicon dioxide from the sand. It is extensively used in drilling fluids, soaps, refractory cement, mineral processing, and adhesives. It also provides several beneficial properties, such as acid, water, and high-temperature resistance and improved stability in alkaline solutions. As a result, it finds extensive application across textile, detergent, paper, and pulp, pharmaceutical, automotive, and food and beverage (F&B) industries.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Sodium Silicate Market Trends and Drivers:
The market is primarily driven by the expanding rubber and tire industry across the globe. In addition, the rising usage of sodium silicate in the paper and pulp industry as a stabilizer for pulp bleaching, an additive for de-inking recycled paper, and an adhesive to bond paper boards and cardboard represents another major growth-inducing factor.
Moreover, the extensive product adoption in the construction industry for cement refractories, concrete hardening, and soil stabilization is contributing to the market growth. Apart from this, several product innovations, such as the utilization of eco-friendly raw materials to manufacture sodium silicate, are accelerating market growth.
Furthermore, the widespread utilization of sodium silicate in the textile industry for kier boiling, wool scouring, bleaching, cleaning, finishing, and degumming of fabrics is also creating a positive market outlook across the globe.
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Global Sodium Silicate Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Sodium Silicate Companies:
BASF SE, CIECH S.A., Evonik Industries AG, Kiran Global Chem Limited, Merck KGaA, Nippon Chemical Industrial Co. Ltd., Occidental Petroleum Corporation, PPG Industries Inc., PQ Corporation, Sinchem Silica Gel Co. Ltd., Solvay S.A., Tokuyama Corporation and W. R. Grace and Co.
The report has segmented the market on the basis of region, type, grade, form, application and end user.
Breakup by Type:
- Liquid
- Solid
Breakup by Grade:
- Neutral
- Alkaline
Breakup by Form:
- Crystalline
- Anhydrous
Breakup by Application:
- Detergent
- Paints
- Adhesives
- Catalyst
- Refractories
- Tube Winding
- Others
Breakup by End User:
- Pulp and Paper
- Construction
- Automotive
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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