Global Sodium Silicate Market

Sodium Silicate Market Size, Share, Growth Analysis, By Application(Detergent, Paints, Adhesive, Catalyst), By End-User(Construction, Automotive, Pulp & Paper, others), By Type(Solid, Liquid), By Form(Crystalline, Anhydrous), By Grade(Neutral, Alkaline), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2322 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 144 | Figures: 78

Sodium Silicate Market Regional Insights

Globally, North America dominated the sodium silicate market with a healthy market share in 2021 and it is expected to maintain its dominance throughout the forecast period. Increasing investments on research & development sector and rapid growth in the paper & pulp industry are the major factors driving the market growth in the region. In addition, presence if many large companies such as International Paper CMPC, Smurfit Kappa, and Grupo Durango is also anticipated to boost the regional growth during the forecast period.

Moreover, Asia Pacific expected to witness fastest CAGR during the forecast period owing to rapid industrialization, increasing adoption of sodium silicate in various industries, and growing consumer disposable income in the region. Additionally, China is one of the largest consumers, with a consumption of around 581 billion cubic meters of drinking water additives for the consumption by humans. Therefore, the demand for sodium silicate is expected to have a huge demand in the region, as it has been extensively used in water treatment process.

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FAQs

Sodium Silicate Market size was valued at USD 6.25 billion in 2019 and is poised to grow from USD 6.48 billion in 2023 to USD 8.9 billion by 2031, growing at a CAGR of 3.6% in the forecast period (2024-2031).

The sodium silicate market is highly fragmented with the presence of several small and large size market players operating all over the world. Major players are focusing on product launches, merger & acquisition, collaborations, and partnerships as key strategies for the expansion for their product portfolio and reach to large consumer base. 'Evonik Industries (Germany) ', 'BASF SE (Germany)', 'PQ Corporation', 'Occidental Petroleum Corporation', 'W.R. Grace & Co.', 'Nippon Chemical Industrial Co., Ltd.', 'PPG Industries, Inc.', 'Nirma Limited', 'Oriental Silicas Corporation', 'Kiran Chem Limited', 'Sinchem Silica Gel Co., Ltd.', 'Silmaco NV', 'Sinopec Qilu Petrochemical Corporation', 'Tokuyama Corporation', 'Garg Chemical Company', 'M.S. Chemicals', 'Glassven C.A.', 'IQE Group', 'CIECH Group', 'Shijiazhuang Shuanglian Chemical Industry Co., Ltd.'

Continuously rising usage of sodium silicate in detergents due to its high buffering capabilities and a good emulsifier is a major factor expected to drive the sodium silicate market during the forecast period. Additionally, increasing per capita income as disposable income among consumers and rising health awareness, is propelling the growth of the market. Furthermore, continuously increasing usage of sodium silicate in water purification process because of its corrosion inhibiting property, is further projected to be the driving factor for the sodium carbonate market.

An extensive rise in the pulp & paper industry across the globe in the recent years is one the major factors expecting a positive impact and outlook for the sodium silicate market. Since, sodium silicate have a wide range of usage in the pulp & paper industry such as stabilizer for pulp bleaching, adhesive for bond paper board, and additive to recycled paper. Moreover, various types of product innovations, like utilization of eco-friendly raw materials is also favoring the sodium silicate market growth.

Globally, North America dominated the sodium silicate market with a healthy market share in 2021 and it is expected to maintain its dominance throughout the forecast period. Increasing investments on research & development sector and rapid growth in the paper & pulp industry are the major factors driving the market growth in the region. In addition, presence if many large companies such as International Paper CMPC, Smurfit Kappa, and Grupo Durango is also anticipated to boost the regional growth during the forecast period.

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Global Sodium Silicate Market

Report ID: SQMIG15A2322

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