Sodium Silicate Market Overview:
Sodium silicate is a chemical compound composed mainly of sodium and silicon, and is easily soluble in water. These are transparent or liquid powders that are generally composed of oxygen and silicon polymer water in the form of a molecular matrix.
Sodium Silicate Market Size:
According to the research report, the Sodium Silicate Market was valued expected to reach USD 11.67 billion by the end of 2024 with a CAGR of XX% during the forecast period 2017-2024.
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Sodium Silicate Market Drivers and Restraints:
The sodium silicate market is expected to be driven by their growing demand as an adhesive in the paper and cellulose industry in the coming years. In addition, the increasing demand for sodium silicates for the manufacture of detergents as bleaching agents should continue to drive the market in the future. Sodium silicate chemicals are manufactured in the form of liquids or thick solids and are used in a variety of applications, such as passive fire protection, cement formulation, refractory ceramics, textiles and processing. They are also used to produce silica gel. Due to the diversity of sodium silicate applications, the demand for the chemical compound is expected to increase in the future. These are some of the factors that should boost the market during the estimated period.
Sodium Silicate Market Geographical Insights:
The Asia-Pacific region recorded the highest growth rate in the market in 2017. The region is expected to maintain regional dominance in the coming years due to the growth of construction activity. The increase in disposable income, the growing demand for smart buildings and the growing infrastructure developments are some of the other factors that should boost this regional sodium silicate market during the forecast period. The European region is expected to offer significant opportunities for growth in the sodium silicate market in the coming years, due to the growing demand for this product in the paper and pulp industry, which is expected to boost this regional market.
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Some of the key players profiled in this Sodium Silicate Market Report are:
PQ Corporation, BASF SE, Evonik Industries AG, W.R. Grace & Co., CIECH Group, Silmaco NV, Oriental, Silicas Corporation, Aromachimie Company Ltd, Industrial Chemicals Ltd, SIEKEM d.o.o, MAGNIFIN, BEKO Troyan, Glassven C.A, Z.Ch. Rudniki SA, Huber Engineered Materials, PPG Industries, Tokuyama Siltech Co. Ltd,Occidental Chemical Corporation,Nippon Chemical Industrial Co. Ltd,Solvay, Diatom.
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