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Sodium Silicate Market By Application (Detergents, Catalysts, Pulp & Paper, Elastomers, Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2025

Sodium silicate, commonly known as "liquid glass" or "water glass," is widely used in various industrial and commercial applications. It is a compound containing sodium oxide and silica. Sodium silicate is an inorganic chemical prepared by combining various ratios of soda ash and sand at high temperatures. This process yields a variety of products with a unique chemistry that is used in various consumer and industrial applications.

This study provides a detailed description of the global sodium silicate market in terms of revenue (US$ Bn) and volume (million metric tonnes) for the forecast period of 2017 to 2025. To provide a comprehensive view of the market, the study includes a detailed raw material price trend analysis along with the market attractive proposition analysis, where applications are benchmarked based on attributes such as growth rate, attractiveness, and market size.

Rising demand for cleaning agents and detergents from emerging economies is the major factor driving the market growth. Sodium silicate is also widely used in the petrochemical industry as a cracking catalyst. Furthermore, increasing investment in oil and gas refinery processing is projected to augment demand for the product over the forecast period of 2017 to 2025. However, fluctuating prices of raw materials and the presence of various substitutes are hampering the market growth. A growing number of water treatment projects, along with rising demand for sodium silicate in the construction and building materials industries, are providing new avenues for growth in the sodium silicate market over the forecast period.

Detergents were the largest application segment in 2016, accounting for more than 30.0% of the global sodium silicate market, and are expected to maintain their dominance from 2017 to 2025. However, elastomers are projected to be the fastest-growing application segment over the forecast period owing to rising demand from the automotive industry.

In 2016, Asia Pacific was the largest regional market for sodium silicate in terms of value and volume, accounting for more than 45.0% of the global market. It is also projected to be the fastest-growing region during the forecast period. This growth is mainly attributed to the rising demand for sodium silicate from various applications such as detergents, catalysts, elastomers, and water treatment.

The report titled "Global Sodium Silicate Market: Growth, Future Prospects, Competitive Analysis, and Forecast, 2017–2025" offers strategic insights into the global sodium silicate market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on application type and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes profiles of the leading sodium silicate manufacturers, as well as their product portfolios and business strategies, to assist strategic decision-makers. The major players profiled in the report are Albemarle Corporation, BASF SE, Ciech Vitrosilicon Group, Evonik Industries, and PPG Industries, among others.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the sodium silicate industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global sodium silicate market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global sodium silicate market can be categorized on the basis of application as follows:

  • Detergents
  • Catalysts
  • Pulp and paper
  • Elastomers
  • Food and Healthcare
  • Others (including agriculture, dyes, and coatings)

By applications in 2016, the detergents segment led the market with a 31.81% share in terms of revenue and is projected to grow at a CAGR of 2.2% over the forecast period of 2017 to 2025. However, owing to market saturation and the emergence of liquid detergents, sodium silicate is projected to show lower penetration in this application.

The elastomers segment is projected to exhibit the fastest growth and is projected to grow at a CAGR of over 3.4% from 2017 to 2025 in terms of revenue. The product is widely used in various end industries, such as rubber and tire manufacturing. Furthermore, the rapid growth of the automotive industry in the Middle East, Asia Pacific, and Africa is projected to stimulate market demand for sodium silicate over the forecast period. Owing to high investment in oil and refinery processing, the demand for sodium silicate from the catalytic application was valued at $0.96 billion in 2016 and is projected to grow at a significant rate over the forecast period.

On the basis of geography, the global sodium silicate market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

In terms of revenue, Asia-Pacific dominated the industry in 2016, accounting for more than 45.0% of global demand. China and India are Asia Pacific's two most important regional markets. These countries' detergent and soap industries were growing at a double-digit rate and generated more than US$ 35.0 billion in 2016. Consequently, demand for sodium silicate in the detergent application is projected to grow over the forecast period of 2017 to 2025.

Owing to the overcapacity of the market, the demand for sodium silicate in North America is projected to grow at a below-average rate. Detergents have been the largest application segment for sodium silicate over the last few decades, valued at more than US$ 1.91 billion in 2016. Due to the emergence of liquid detergents, the market share of sodium silicate in detergent applications has been declining, thus hampering product demand.

The Europe market is projected to witness significant growth over the forecast period owing to the increased adoption of sodium silicate in various industries such as pulp and paper, oral health, and health care.

Frequently Asked Questions:

The market for Sodium Silicate Market is expected to reach US$ 7.54 Bn By 2025.

The Sodium Silicate Market is expected to see significant CAGR growth over the coming years, at 2.8%.

The report is forecasted from 2015-2025.

The base year of this report is 2014.

Albemarle Corporation, BASF SE, Ciech Vitrosilicon Group, Evonik Industries, and PPG Industries are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2017
Category:  Chemicals
Report ID:   58519
Report Format:   PDF
Pages:   120
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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