Will Asia Pacific Sodium Silicate Market Expansion by 2024?
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-21
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Will Asia Pacific Sodium Silicate Market Expansion by 2024?

Asia Pacific market is growing by CAGR of around 2% over the forecast timeframe. China detergent market segment accounts over 65% of Asian market share. Increasing automotive production, oil drilling and construction activities will significantly impact sodium silicate demand in projected timeframe. In Europe, paper & pulp as well as healthcare industry is dominating sodium silicate market.

Pulp & paper is predominantly dominating the market. Detergent market is witnessing notable market growth, elastomers accounts for 10% of global sodium silicate market by the end of 2016. Growth is incorporated by continuous progression of automotive sector, generating greater demand for green tires. Elastomer are significantly used in green tires as reinforced filler to resists rolling.

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Growth Drivers are

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

Sodium silicate 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.

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.

Application by Form

  • Detergent
    • Liquid
    • Powder
  • Catalyst
    • Liquid
    • Powder
  • Pulp & paper
    • Liquid
    • Powder
  • Elastomers
    • Liquid
    • Powder
  • Food & healthcare
    • Powder
  • Others
    • Liquid
    • Powder

By Form

  • Liquid
  • Powder

 

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The rising demand for green tires lately on account of the growing environmental concerns is indeed playing a vital role in the growth of sodium silicate market, as it has prompted silica manufacturers to invest in capacity expansions for silica-induced rubber and carbon black tires. These tires apparently reduce the tire rolling resistance and contribute to saving at least 8% of the total fuel consumption. The green tire trend seems to have caught on feverishly in sodium silicate industry, with principal players working tirelessly to expand their silica manufacturing plants. Say for example, Evonik expanded its precipitated silica capacity in Chester in 2014 by around 20000 tons.

Global market companies are Nippon Chemical, Oriental Silicas, PPG Industries, Evonik Industries, BASF, Huber, W.R Grace, PQ Corporation, etc. Few of these leading players in marketplace are substantially investing on research and development activities for enhancing overall product portfolio as well strengthen market positions.

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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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