IMARC Group, a leading market research company, has recently releases report titled “Sodium Silicate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sodium silicate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Sodium Silicate Market?
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.
What is Sodium Silicate?
Also known as water glass, sodium silicate is a compound made up of sodium oxide (Na2O) and silicon dioxide (SiO2). It is a colorless, flaked, and inorganic compound with excellent adhesive and binding properties. It also possesses corrosion resistance and fire-retardant properties and used as a cleaning agent and coagulant in wastewater treatment. It is also added to refractory cement as a setting accelerator and drilling fluids to improve wellbore stability. Sodium silicate is employed in the construction industry as a concrete hardener and a soil stabilizer. It is also utilized as a sealant in automotive and industrial applications. It is an effective cleaning agent and consequently used in many detergents and cleaners to remove stains, grease, and oil from surfaces. As a result, it finds extensive applications in the pulp and paper, construction, and automotive industries across the globe.
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What are the growth prospects and trends in the sodium silicate industry?
At present, rapid industrialization and increasing adoption of sodium silicate in a wide range of industrial applications represent one of the key factors positively influencing the market across the globe. The significant growth in the pulp and paper industry is catalyzing the demand for sodium silicate as a stabilizer for pulp bleaching, additive for de-inking recycled paper, and adhesive to bond paper board and cardboard. This, in confluence with the usage of paper in banking, financial services and insurance (BFSI), education, and the media sector, is bolstering the growth of the market.
Apart from this, inflating disposable incomes and the burgeoning construction industry are resulting in widespread product adoption for concrete hardening, cement refractories, and soil stabilization. This, along with the rising environmental concerns and increasing utilization of eco-friendly materials for manufacturing sodium silicate, is strengthening the market growth. In line with this, the easy availability of raw materials, including silica and soda ash, required for manufacturing sodium silicate is fueling the market growth.
Additionally, the increasing adoption of sodium silicate in the textile industry for cleaning, finishing, kier boiling, wool scouring, bleaching, and degumming of fabrics is creating a favorable market outlook. Furthermore, sodium silicate is utilized as a food additive in the food and beverage (F&B) industry to prevent caking. It can also be attributed to the growing demand for processed foods and beverages due to hectic working schedules and shifting dietary patterns. Other factors, such as urbanization and rising demand for biodegradable products, are projected to stimulate the growth of the market worldwide.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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