The Global Sodium Silicate Market was valued at USD 6.3 billion in 2018, expanding at a CAGR of 3.2% over the forecast period 2020-2026. Growing consumer awareness pertaining to sanitation and hygiene, increasing demand for sodium derivatives such as zeolites and precipitated silica in applications including paints and coatings, plastics and ink are driving the market growth.
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Sodium silicate, which is also known as liquid glass or water glass is an inorganic chemical compound produced by the combination of sodium oxide and silica. It is used for an extensive range of applications such as coating, drilling fluids, elastomers, textiles, silica gels, adhesives, catalysts, detergent, paints, refractories, foundry, pottery and wood processing industries. The applications have functional use such as bleaching, sizing and binding. The viscosity of these applications can be altered by varying the molar ratio of silica and sodium oxide at a higher level.
Sodium Silicate Market Trends, Drivers and Opportunities:
Sodium silicate is experiencing high demand from diverse industries since it is used as an electrolyte with an ability to enable suspension of fine particles in liquid. The detergents made up of sodium silicate has a wide-ranging application such as textile processing, de-inking, metal cleaning, washing paper and washing. Along with this, the sodium silicate helps in controlling the reversion of phosphates while spray drying. Additionally, the rise in use of sodium silicate for end-use applications and growing awareness in end-users is propelling the market growth at a high scale.
Sodium silicate also works effectively as an adhesive and is highly effective in bonding metals together. The raw materials required for preparing sodium silicate consist of silica sand and soda ash which are locally available, thus, reducing the investment costs on raw materials. The market has also witnessed demand from pulp and paper factories. Its future demand will rise due to a growing demand from end-user industries like pulp and paper mills, soap and detergent, paint, pigment, and adhesive manufacturers.
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Sodium Silicate Market Segment Insights:
Based on form, the sodium silicate market can be segmented into liquid and powder. Liquid is the largest segment owing to rise in demand for liquid applications. Powder segment is anticipated to grow at a higher rate based on its preference in construction activities. Based on application, the market segmentation comprises paper & pulp, elastomers, food & healthcare, detergent and catalyst. Detergent is the largest segment and it is projected to grow at a higher scale owing to rise in demand.
Based on geographical segmentation, the sodium silicate market can be segmented as North America, South America, Europe, Asia Pacific, Middle East and Africa. The sodium silicate market for Asia Pacific is more likely to witness a high growth in the years to come owing to rise in infrastructural development and improving scenario of socio-economic conditions in the regional markets. Asia Pacific is also anticipated to hold the highest share and will emerge as the fastest growing regional owing to the rise in the detergent segment in countries like China that is projected to generate highest revenue during the forecast period.
Additionally, rise in the automotive production, oil drilling activities and the surge in the construction activities are likely to grow progressively. Followed by this region, sodium silicate industry will foresee a massive adoption in Europe as this region is majorly driven by the healthcare, pulp & paper and food verticals.
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Some of the key players in the sodium silicate market are Evonik Industries, PQ Corporation, Nippon Chemical, Tokuyama Siltech Co Ltd, BASF, and OxyChem Corporation. Mergers and acquisitions, product launch, trends and analysis pertaining to strategic collaborations are some of the growth strategies adopted by key players in order to strengthen their geographical presence and market position and augment their revenue share.
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