Sodium Silicate Market Future Scope, Demands and Projected Industry Growths to 2024
Category: #reports  By Partha Ray  Date: 2019-01-09
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Sodium Silicate Market Future Scope, Demands and Projected Industry Growths to 2024

Sodium silicate market is inclusive of a widespread application spectrum, as the product finds deployment in paints, wood processing, pottery, foundry, textiles, drilling fluids, elastomers, and healthcare, pertaining to which it will collect a revenue of more than USD 10 billion by the end of 2024. In addition, the product is also used in detergents and cleaning agents owing to its balanced pH level. Increasing awareness regarding sanitation and the usage of hygienic amenities is thus likely to boost sodium silicate industry share over 2017-2024. Being prominently used in concrete for reducing porosity, the escalating investments in building construction and infrastructure development will also have a positive impact on product demand.

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Considering the hazardous impact of sodium silicate on human heath, players in sodium silicate market are working continuously to devise alternative products. This strategic initiative will help participants to overcome the restraint of sodium silicate industry.

Liquid-based products are expected to contribute majorly toward the overall sodium silicate market share by 2024, owing to its surging use in adhesives and the paper & pulp sector. The product’s eco-friendly nature and zero toxicity enables its deployment as fiber drum binders, toilet tissues, paperboard laminates, and paper towel cores.

The application landscape of sodium silicate industry mainly comprises detergents, catalyst, and elastomers. In 2016, elastomers accounted for 10% of the overall sodium silicate market share, owing to its escalating use in automobiles for green tires. In petrochemical industries, sodium silicate is primarily used as a catalyst for biodiesel production. The rise in oil & gas exploration activities mainly across U.S. to accomplish the increasing requirement of fuel is slated to stimulate sodium silicate market size over the years ahead.

Speaking about the regional landscape, China’s detergent segment accounts for more than 60% of the APAC sodium silicate market share. Asia Pacific sodium silicate industry will register an annual growth rate of more than 2% over 2017-2024, pertaining to rising product consumption across oil drilling, automotive, and construction sectors. Apart from APAC, Europe will also contribute significantly toward the regional growth of sodium silicate industry from healthcare and paper & pulp application segments.

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In order to strengthen their respective business positions, major sodium silicate market firms have been continuously focusing on new product developments with heavy investments in research and development activities. Renowned players in sodium silicate industry include PPG Industries, BASF, Evonik Industries, PQ Corporation, Huber, Oriental Silicas Corporation, Nippon Chemical, W.R Grace.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Sodium Silicate Industry Insights

Chapter 4. Sodium Silicate Market, Application by Form

Chapter 5. Sodium Silicate Market, By Form

Chapter 6. Sodium Silicate Market, By Region

Chapter 7. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/sodium-silicate-market

Related Report:

United States Liquid Sodium Silicate Market Report 2017

In this report, the United States Liquid Sodium Silicate market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-liquid-sodium-silicate-market-report-2017/?utm_source=RR-PSR

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About Author

Partha Ray

Email: partha.r@news.marketsizeforecasters.com   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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