IMARC Group, a leading market research company, has recently releases report titled “Sodium Silicate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sodium silicate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Sodium Silicate Market?
The global sodium silicate market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.65% during 2023-2028.
What are Sodium Silicate?
Sodium silicate, with the formula (Na2SiO3), also known as sodium metasilicate or water glass, is a colorless, flaked, and inorganic compound composed of sodium and silica oxides. It consists of silicate in the form of a counterion and is produced by fusing sodium oxide from soda ash and silicon dioxide from the sand. It is extensively used in drilling fluids, soaps, refractory cement, mineral processing, and adhesives. It also provides several beneficial properties, such as acid, water, and high-temperature resistance and improved stability in alkaline solutions. As a result, it finds extensive application across textile, detergent, paper, and pulp, pharmaceutical, automotive, and food and beverage (F&B) industries.
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What are the growth prospects and trends in the sodium silicate industry?
The market is primarily driven by the expanding rubber and tire industry across the globe. In addition, the rising usage of sodium silicate in the paper and pulp industry as a stabilizer for pulp bleaching, an additive for de-inking recycled paper, and an adhesive to bond paper boards and cardboard represents another major growth-inducing factor.
Moreover, the extensive product adoption in the construction industry for cement refractories, concrete hardening, and soil stabilization is contributing to the market growth. Apart from this, several product innovations, such as the utilization of eco-friendly raw materials to manufacture sodium silicate, are accelerating market growth.
Furthermore, the widespread utilization of sodium silicate in the textile industry for kier boiling, wool scouring, bleaching, cleaning, finishing, and degumming of fabrics is also creating a positive market outlook across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Liquid
- Solid
Breakup by Grade:
- Neutral
- Alkaline
Breakup by Form:
- Crystalline
- Anhydrous
Breakup by Application:
- Detergent
- Paints
- Adhesives
- Catalyst
- Refractories
- Tube Winding
- Others
Breakup by End User:
- Pulp and Paper
- Construction
- Automotive
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
BASF SE, CIECH S.A., Evonik Industries AG, Kiran Global Chem Limited, Merck KGaA, Nippon Chemical Industrial Co. Ltd., Occidental Petroleum Corporation, PPG Industries Inc., PQ Corporation, Sinchem Silica Gel Co. Ltd., Solvay S.A., Tokuyama Corporation and W. R. Grace and Co.
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