Sodium Silicate Market: Current Analysis and Forecast (2022-2028)

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The global sodium silicate market is expected to witness a CAGR of around 4% during the forecast period (2022–2028). As the market is anticipated to witness growth due to the rising demand for detergents coupled with the demand for precipitated silica from the rubber & tire industry are the factors that are expected to be the major drivers for the global sodium silicate market during the forecast period.

In addition, major players such as Evonik Industries AG, PQ Corporation, Occidental Petroleum Corporation, Tokuyama Corporation, Nippon Chemical Industrial, BASF, Kiran Global Chem Limited, Sinchem Silica Gel Co. Ltd., Shijiazhuang Shuanglian Chemical Industry Co. Ltd., IQE Group. Several M&As along with partnerships have been undertaken by these players to develop the sodium silicate market.

Sodium Silicate is also called water glass or liquid glass. These compounds are colorless or transparent solid or white powders which are also soluble in various amounts. Sodium Silicate can be used as a cement, binder, filler, and adhesive. In addition, it is used as a wall coating, in concrete, as fireproofing material, and as a sealant. Moreover, it is mainly used to preserve eggs and wood. Sodium silicate is eco-friendly and has a non-toxic nature of sodium silicate positions as and favorable alternative amidst increasingly stringent anti-pollution government policies. Readily available raw materials such as silica sand, soda ash, and rice husk further propel the manufacturing of sodium silicate. Furthermore, many rising environmental concerns are impelling the manufacturing shift among paper and pulp manufacturers to adopt eco-friendly raw materials. Similarly, water treatment and soil stabilization applications employ sodium silicate as a cleaning agent and pH stabilizer. However, these factors will bolster the market demand for sodium silicate during the forecast years.

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However, Covid – 19 has devasted the global economy due to which many sectors experienced a downfall as the demand for sodium silicate also got reduced due to the closing of the industrial sector. The sodium silicate market had a medium impact from the outbreak. Due to a halt in production and manufacturing activities, which resulted in a supply-demand gap, and a decrease in worldwide paper manufacturing, forest products, and others. Whereas the demand for sodium silicate for certain manufacturers has increased in 2021 due to the growing demand for many products such as detergents, soaps, sanitizers, and tissue paper making which is growing to drive the market of sodium silicate.

Insights Presented in the Report

“Amongst type, liquid category to hold a significant share in the market”

Based on type, the market is fragmented into liquid and solid. During the forecast period, the liquid segment is likely to dominate the global sodium silicate market. Liquid sodium silicate is used in commercial and industrial applications such as cleaning compounds, paper and pulp, textiles, petroleum processing, water treatment process, and others.  In addition, liquid sodium silicate is also used in catalyst cracking and transesterification operations for producing biodiesel. As the rising demand for fuel consumption and the current uptrend in crude oil prices are gaining momentum which is going to drive the market growth of liquid sodium silicate during the forthcoming period.

“Amongst application, detergent segment to hold a significant share in the market”

Based on application, the market is fragmented into construction, pulp & paper, detergents, water treatment, food preservation, precipitated silica, and others. Over the forthcoming years, the detergent segment is rising due to its use in the global market which is likely to boost the demand for the sodium silicate market. The use of detergent is to control the corrosion, alkalization, and emulsion of fats and organic oils, and reduce the calcium and magnesium hardness. These operations are performed in different industries such as dairy equipment, de-inking paper, metal cleaning, textile processing, laundering, washing dishes, and others.

Asia-Pacific to witness significant growth during the forecast period”

Asia-Pacific holds significant growth in the sodium silicate market due to the presence of numerous detergent manufacturers in the region. In addition, China is one of the biggest water consumers with a consumption volume of 581 billion cubic meters of drinking water additive for human consumption which is driving the market growth of sodium silicate. Due to the use of sodium silicate in water treatment as is approved as a drinking water additive for human consumption. Furthermore, according to the National Bureau of Statistics, paper and paper product manufacturers in China generated a revenue of more than USD 201 billion in 2021 with a gross profit of USD 13 billion, which amounted to a 21.2% year-on-year growth of sodium silicate in the Asia-Pacific region.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Research Methodology for the Global Sodium Silicate Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global sodium silicate market were the three major steps undertaken to create and analyze the adoption of sodium silicate in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global sodium silicate market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the sodium silicate market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the sodium silicate market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sodium silicate market. Further, we conducted factor analysis using dependent and independent variables such as various types and applications of sodium silicate equipment. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sodium silicate market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global sodium silicate market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

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Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the sodium silicate market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global sodium silicate market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at a precise statistical number for each segment and sub-segment of the global sodium silicate market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of various types and applications in the global sodium silicate market.

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The main objective of the Global Sodium Silicate Market Study

The current & future market trends other than the global sodium silicate market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investment on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the sodium silicate market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of types and applications
• Define and analysis of the regulatory framework for the sodium silicate market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the sodium silicate market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world
• Company profiles of the sodium silicate market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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