Sodium Silicate Market Size, Analysis & Trends 2019-2024
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-02
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Sodium Silicate Market Size, Analysis & Trends 2019-2024

Sodium silicate market is used widely in other application domains such as water treatment, casting, coating, textiles, agglomeration, chemical injection, paper treatment and more. In consequence, this would prove to be a rather beneficial for the commercialization graph of sodium silicate market over the next few years. With numerous chemical companies working toward expanding the application scope of this compound, in addition to innumerable research & development programs being conducted to unearth further prospective product uses, sodium silicate market has been forecast to garner commendable profits over 2017-2024.

Sodium silicate market, an inherent vertical of the specialty chemicals space, has already established its name in the billion-dollar league, owing to the extensive demand of the chemical compound across myriad end-use domains. Pertaining to the product’s low cost and ease of use, it has been deployed as a detergent, adhesive, cleaning compound, cement ingredient, binder, coagulating agent, and anticorrosive agent in numerous sectors, propelling sodium silicate market size. Indeed, the compound’s widespread and almost all-encompassing presence has facilitated sodium silicate industry to maintain a steady growth graph.

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Growth drivers are

  1. Rising product demand due to increasing awareness regarding hygiene
  2. Increasing oil & drilling activities

Of late, sodium silicate has found extensive application as an effective catalyst for the synthesis of biodiesels that have gained popularity as a sustainable fuel. Currently, amidst the backdrop of a scenario where the lookout for alternative fuel sources has become a race against time, manufacturing biodiesels through the transesterification of organic materials has become rather commonplace. In a bid to simplify the process, sodium silicate is used as an effective catalyst, thereby stimulating sodium silicate industry outlook. The ease of procuring the chemical compound has reinforced its position as a catalyst in the transesterification process. As biodiesels will continue to attain increased application in energy generation and alternative fuel source, sodium silicate market trends will continue to witness a dynamic transformation in the ensuing years.

Asia Pacific sodium silicate market share is largely driven by the rapid expansion of end use industries in the region. Intensified investments in construction and infrastructure development in the region is favoring the product demand. Moreover, rising awareness regarding hygiene in the developing countries is likely to contribute towards regional growth. Against the backdrop of increasing spending capabilities, the demand for FMCG products is rising in the region in turn creating a conducive environment for the sodium silicate market growth.

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Product differentiations, novel and advanced product launches, R&D investments, and collaborations are some of the key strategies incorporated by the industry players to gain a competitive edge. For instance, a JV of Chevron Products Co and W.R. Grace & Co. invested an amount of USD 135 million to enhance the capacity of an existing manufacturing facility dealing with the production of alumina and sodium silicate.

A slew of other such investments by the industry players to enhance the product portfolio is slated to strongly characterize the competitive landscape of sodium silicate market. Some of the key industry participants include PPG Industries, Evonik Industries, BASF, Huber, PQ Corporation, Nippon Chemical, W.R Grace, Oriental Silicas Corporation, Malpro Silica Private Limited, etc.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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