By 2027, the market size of sodium silicate will reach US$9.2 billion, with a compound annual growth rate of 3.7%-Assessment Report

2021-11-11 08:36:09 By : Mr. TEYES Factory

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Bangalore, India, July 27, 2021/PRNewswire/ - Sodium silicate market is classified by form (crystalline and anhydrous), type (liquid and solid), grade (neutral and alkaline), application (coating, adhesive) Mixtures, refractory winding pipes) subdivision, detergents, catalysts and others) and end uses (pulp and paper, construction, automobiles, etc.). The report covers global opportunity analysis and industry forecasts from 2020 to 2027. It is published in the assessment report under the chemical industry category.

The market size of sodium silicate in 2019 was USD 7.2 billion, and it is expected to generate USD 9.2 billion by 2027. The market is expected to grow at a compound annual growth rate of 3.7% from 2020 to 2027.

The main factors driving the growth of the sodium silicate market are:

Sodium silicate is the main source of active silica. Increasing demand for active silica from various end-user industries such as food and beverages, detergents, rubber, and paper is expected to promote the development of the sodium silicate market. 

It is expected that during the forecast period, increased demand for other sodium derivatives (such as zeolite and precipitated silica) as catalysts for biological and chemical processes will drive product demand.

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Trends affecting the growth of the sodium silicate market

It is expected that increasing the use of sodium silicate in detergents will promote the growth of the sodium silicate market. Due to its excellent emulsification, wetting and anti-flocculation properties, sodium silicate is in great demand as a detergent builder. Sodium silicate in detergents can reduce surface tension, thereby better removing dirt and grime.

Other alkaline salts lack many of the properties of sodium silicate, which makes them ideal choices for various end-user industries. This, coupled with their low cost of sodium silicate, has led to their use in a wide range of applications in various industries. In turn, this is expected to promote the growth of the sodium silicate market. For example, a certain amount of sodium silicate is applied to a concrete floor to harden it and protect building materials from moisture. It is also used in welding electrodes and foundry industries. In the ceramic industry, sodium silicate is used as a deflocculant in the preparation of pouring slurries to maintain stable particle suspension and prevent them from settling. In the refractory industry, sodium silicate is used as a gas-solid binder in the manufacture of refractory cement and mortar. 

Manufacturing companies' heavy investment in research and development to improve the chemical and physical properties of products is expected to drive price increases in the future. In addition, manufacturers may focus more on developing a variety of products to expand their applications in market segments, including welding, cement, agriculture and food. In turn, this is expected to provide market participants with profitable growth opportunities.

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Analysis of Sodium Silicate Market Share

Based on the form, the sodium silicate market in 2019 will be dominated by the crystalline part. This is due to its use in fire-resistant mixtures and the laundry, dairy, metal and floor cleaning industries. They are also used for the cleaning of deinked paper, insecticides, fungicides and antibacterial agents, as well as insecticides, fungicides and carbonated beverage bottles. 

According to the type, the liquid part dominated the market share in 2019. This is due to the application of sodium silicate in various industrial and commercial applications, including detergents/cleaners, pulp and paper, cardboard, building products/construction, textiles, ceramics, petroleum refining and metals, all for this reason.

Based on the application, the detergent segment accounted for market share in 2019 due to the increase in cleaning and washing activities.

Due to its use in soil stabilization, concrete hardening and cement refractories, the construction sector dominated the end-user market in 2019. 

Due to the large number of companies, the Asia Pacific region dominated the market in 2019. However, due to increasing activities of sodium silicate in construction, detergents, catalysts, pipe winding, and paper and pulp applications, North America is expected to rise at a faster compound annual growth rate in the forecast era.

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Major players in the sodium silicate market

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-The market size of liquid sodium silicate (LSS) is expected to increase from USD 984.8 million in 2020 to USD 1,516.6 million in 2027, with a compound annual growth rate of 5.9% from 2021 to 2027.

-High-purity sodium silicate market size, share, trend, growth, industry analysis, forecast from 2021 to 2026. The report includes breakdown by type (high-purity sodium silicate solution, high-purity sodium silicate solid), by application (automotive, electronics, other)

-Sodium silicate thickener market size, share, trend, growth, industry analysis, forecast from 2021 to 2026. The report includes breakdown by type (VOC-compliant, VOC-free), by application (residential, commercial, industrial)

-Anhydrous sodium silicate market size, share, trend, growth, industry analysis, forecast from 2021 to 2026. The report contains breakdowns by type (granules, powders), applications (detergents, refractory materials, surface treatments, cement construction, other)

-Solid sodium silicate market size, share, trend, growth, industry analysis, forecast from 2021 to 2026. The report includes breakdown by type (below 95%, 95-97%, 97-99%, higher than 99%), by application (precipitated silica, detergent, construction, pulp and paper, water treatment, metal casting , Food preservation, others)

View the complete list of reports related to the chemical industry

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