The global sodium silicate market is witnessing steady growth due to its wide-ranging applications in various industries. Its extensive usage in food and pulp and paper industries for stabilizing agents, detergents for cleaning and water softening, and in healthcare for pharmaceutical formulations, boosts its demand. Sodium silicate also finds applications in elastomers, textiles, coatings, adhesives, and silica gels. The construction industry utilizes it as a binding agent in foundries and refractories. As environmental concerns drive sustainable practices, the market is witnessing innovations in eco-friendly applications of sodium silicate. With continuous research and growing industrial needs, the global sodium silicate market is poised for further expansion.
According to Data Bridge Market Research, the Global Sodium Silicate Market will stand tall by USD 9.0 million by 2029 to grow at a CAGR of 3.7% in the forecast period of 2022 to 2029.
“Increasing demand for detergents globally facilitate market growth”
The increasing demand for detergents globally is a significant driver of the global sodium silicate market. Sodium silicate is a key ingredient in the production of detergents, as it acts as a builder and aids in the cleaning process by preventing soil redeposition. As the detergent industry expands worldwide, driven by rising urbanization, changing lifestyles, and increased awareness about hygiene, the demand for sodium silicate grows correspondingly. Moreover, with the growth of commercial and industrial cleaning applications, the consumption of detergents is expected to surge, further propelling the demand for sodium silicate in the global market.
What restraints the growth of the global sodium silicate market?
“High storage and transportation cost of liquid sodium silicate”
The high storage and transportation cost of liquid sodium silicate acts as a significant restraint for the global sodium silicate market. Liquid sodium silicate is a concentrated solution, and its transportation requires specialized containers and handling procedures, increasing logistic expenses. Moreover, its bulkiness poses challenges in storage and transportation, leading to higher costs. These factors can deter buyers, especially in regions with limited infrastructure or remote locations. Additionally, the expenses involved in handling and storing liquid sodium silicate may impact profit margins for manufacturers and distributors, limiting the market's growth potential.
Segmentation: Global Sodium Silicate Market
The sodium silicate market is segmented on the basis of form, grade, application and end use industry.
- On the basis of form, the sodium silicate market is segmented into solid sodium silicate and liquid sodium silicate.
- On the basis of grade, the sodium silicate market is segmented into neutral and alkaline.
- On the basis of application, the sodium silicate market is segmented into detergents, precipitated silica, construction, pulp and paper, water treatment, metal casting, food preservation, and others.
- On the basis of end use industry, the sodium silicate market is segmented into building and construction, automotive, food and beverage, oil and gas, and others.
Regional Insights: North America dominates the Global Sodium Silicate Market
North America holds a dominant position in the sodium silicate market due to the surge in construction and infrastructural projects within the region. The widespread application of sodium silicate in various industries, including construction, automotive, and textiles, further contributes to its market growth in North America.
Asia-Pacific exhibits promising growth prospects during the forecast period. Emerging economies in this region are witnessing a rising demand for sodium silicate in the food and healthcare sectors, driving its adoption in diverse applications. Additionally, the growing paper and pulp, and detergent industries in Asia-Pacific contribute significantly to the region's sodium silicate market expansion.
To know more about the study visit, https://www.databridgemarketresearch.com/ko/reports/global-sodium-silicate-market
The Prominent Key Players Operating in the Global Sodium Silicate Market Include:
- CIECH S.A. (Poland)
- PPG Industries, Inc. (U.S.)
- Malpro Silica Pvt Ltd. (India)
- PQ (U.S.)
- BASF SE (Germany)
- Oriental Silicas Corporation (Japan)
- Kiran Global Chem Limited. (India)
- QUIMIALMEL - Spain
- Silica Gel Co. Ltd. (Thailand)
- Shayona Land Corporation (India)
- Coogee (Australia)
- Tokuyama Corporation (Japan)
- Solvay (Belgium)
- corporate.evonik (Germany)
- Silmaco (Belgium)
- Occidental Petroleum Corporation (U.S.)
- Z. Ch. Rudniki SA. (Poland)
- Nippon Chemical Industrial Co., Ltd. (Japan)
- Sahajanand Industries (India)
Above are the key players covered in the report, to know about more and exhaustive list of global sodium silicate market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Sodium Silicate Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
