Sodium Silicate Consumption to Expand Moderately Through 2029; Sustainable Manufacturing Trends Driving Market Growth, Says a New FMI Study

Prominent players in the sodium silicate
market are focusing on developing innovative end-use applications to serve the
need for alternatives of conventional adhesives, binders, and cleaning agents.

Future Market Insights, Dubai: Theglobal sodium silicate market is set to grow at a steady CAGR of 3% during the forecast period (2019 – 2029), as projected by a new report of Future Market Insights (FMI). The growth is primarily fueled by the sodium silicate’s eco-friendly and non-toxic nature, which makes it ideal for numerous industrial applications such as detergents, adhesives, and coating, and deflocculated, among the wide range of industrial applications.

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Sodium Silicate Market: Key Findings

  • Silica
    manufacturing will remain a major application and will significantly contribute
    to the market share, backed by surging demand for quartz, and precipitated
    silica.
  • Applications in detergents, pulp &
    paper, elastomers, food, and healthcare are propelling the demand for sodium
    silicate.
  • Asia Pacific will outpace other regions,
    and will account for more than half of global share, owing to increasing
    infrastructural development, which is propelling the demand for sodium
    silicate.
  • North America and Europe will collectively
    account for more than 1/5th of market share.
  • Developed economies such as the U.S. and
    U.K. are expected to provide lucrative opportunities to sodium silicate
    manufacturers.

Sodium Silicate Market: Key Driving
Factors

  • Rising environmental concerns are pushing
    manufacturers in paper and pulp manufacturers to adopt eco-friendly raw materials,
    thereby propelling the sodium silicate market on the back of the material’s
    nature.
  • Water treatment and soil stabilization
    applications are increasingly employing sodium silicate as a cleaning agent and
    pH stabilizer, thus boosting the market.

Sodium
Silicate Market: Key Restraint

  • The high cost of raw materials is likely to reduce the profit margins of the market players, thus impacting the overall growth.

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Competition
Landscape of Sodium Silicate Market

Some of the key players in the global
sodium silicate landscape that are covered in this study include, but are not
limited to, American Elements, J.M. Huber Corporation, MALPRO SILICA PRIVATE
LIMITED, PPG Industries, Qingdao Dongyue Sodium Silicate Co Ltd, Zaclon,
Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, BASF SE,
Nippon Chemical Industrial, Evonik Industries AG, and IQE Group., among others.
Market players are focusing on expanding to developing markets and research
& development activities to develop innovative applications to cater to
untapped industries such as welding, cement, agriculture, and food.

More
About the Report

This Future
Market Insights study of 250 pages offers actionable insights into the sodium
silicate market. The market analysis is based on the application (detergents,
catalyst, pulp & paper, elastomers, food & healthcare, & others),
across five regions (Asia Pacific, Europe, Middle East & Africa, Latin
America and North America).

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