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

Global 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).

Rising demand for several types of sodium derivatives like zeolites and precipitated silica as catalyst in various processes of bio and chemical is expected to be the key driving factor for the global sodium silicate market over the forecast period. In addition, increased usage of other derivatives such as silica gels and silica sols in various types of industries including plastics, paint & coatings, paper & pulp, and ink, is likely to have a positive impact on the growth of the market in the coming years. According to our findings, the overall global production of sodium silicate was around 26.65 million metric tons in 2019, and it is anticipated to reach a volume of around 33.09 million metric tons globally by 2031.

Furthermore, continuously growing investments by various market players in research & development sector to improve the quality of products and provide best services to maintain their market position and this is also expected to fuel the market growth in the near future. For instance, Tokuyama Corporation has upgraded their two creation bases of the Tokuyama Factory and Tokuyama Chemicals Co. Ltd. in China as a type of component of raged silica business. It has decided to move a piece of Tokuyama Factory’s yearly creation limit of 2,000 tons to Tokuyama Chemicals.

US Sodium Silicate Market is poised to grow at a sustainable CAGR for the next forecast year.