Newstrail.com

Search

Sodium Silicate Market to Reach US$ 12.6 Billion by 2033 CAGR of 4.0%

Sodium Silicate Market

The sodium silicate market is projected to witness a significant growth, with a valuation of US$ 8.5 billion in 2023. Furthermore, it is expected to expand at a compound annual growth rate (CAGR) of 4.0% and reach a staggering US$ 12.6 billion by the end of 2033.

The sodium silicate market has witnessed significant growth in recent years, driven by its diverse applications across various industries. Sodium silicate, commonly known as water glass, is a versatile chemical compound with widespread uses in sectors such as detergents, textiles, construction, and water treatment. Its unique properties, including high alkalinity and adhesive qualities, make it a sought-after raw material in the manufacturing sector.

Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8192

One of the primary drivers for the sodium silicate market is its crucial role in the production of detergents. The compound acts as a binding agent in detergent formulations, enhancing their effectiveness in removing stains and grease. Additionally, sodium silicate finds applications in the construction industry, where it is employed as a concrete sealer and adhesive, contributing to the durability of structures.

Market Opportunity:

The sodium silicate market is poised for further expansion, fueled by emerging opportunities in green technologies and sustainable practices. As the world shifts towards eco-friendly alternatives, sodium silicate has gained attention for its potential in various green applications. Its use in water treatment processes, as a corrosion inhibitor and coagulant, aligns with the growing demand for sustainable solutions in addressing environmental challenges.

Furthermore, the automotive industry presents a promising avenue for sodium silicate. The compound is utilized in the manufacturing of automotive components, such as foundry cores and molds, owing to its excellent heat resistance and adhesive properties. As the automotive sector continues to evolve, the demand for sodium silicate is expected to rise, creating new opportunities for market players.

Market Challenges:

Despite the positive outlook, the sodium silicate market faces several challenges that could impact its growth trajectory. One significant challenge is the fluctuating prices of raw materials, particularly silica and soda ash, which are the primary components of sodium silicate. The market’s vulnerability to these price fluctuations can affect the overall production costs for manufacturers, potentially impacting profit margins.

Regulatory hurdles also pose challenges for sodium silicate manufacturers, as environmental and safety regulations become more stringent. Compliance with evolving regulations requires continuous investment in research and development to develop eco-friendly formulations and production processes.

Key Players:

  • C THAI GROUP
  • Hindcon
  • PQ Corporation
  • STPP GROUP
  • Ankit Silicate
  • Shanti Chemicals Works
  • SBS Philippines Corporation
  • Captain Industries
  • ATDM
  • Alumina DOO Zvornik
  • CIECH Group
  • Kiran Global Chem Limited
  • Silmacao

Competitive Landscape:

In order to meet the rising demand from the construction, paper, and pulp industry, the top sodium silicate manufacturers worldwide are making efforts to enhance their production capacity. These manufacturers are also exploring merger and acquisition strategies to not only increase their production capacity but also expand their market presence in untapped areas.

Recently, in August 2021, Cerberus Capital Management and KOCK Minerals Trading successfully formed a partnership with PQ Corporation holdings. This transaction has propelled PQ Corporation to become the foremost independent producer of sodium silicate globally.

Segmentation of Sodium Silicate Industry Research

  • By Form :
    • Liquid
    • Solid
      • Powder
      • Lump
  • By Function :
    • Binder
    • Flocculant
    • Intermediate
    • Additive
    • Preservative
    • Emulsifier
  • By End-Use :
    • Detergent Production
    • Soap Production
    • Adhesives Production
    • Water Treatment
    • Bleaching Chemical Production
    • Drilling Fluid Production
    • Personal Care Formulation
      • Shampoos
      • Conditioners
      • Lotions
      • Others
    • Paperboard Production
    • Ceramic Production
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=8192

About Fact.MR :

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact:

US Sales Office

11140 Rockville Pike

Suite 400 Rockville, MD 20852

United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)

Sales Team: sales@factmr.com

 

Facebook
Twitter
LinkedIn
Pinterest