Global Sodium Silicate Market is Expected to Foresee Significant Growth. Asia-Pacific to Hold a Significant Share!
- Himanshu Patni
- November 21, 2022
- ENERGY & POWER
- Sodium Silicate Market, Sodium Silicate Market Growth, Sodium Silicate Market Share, Sodium Silicate Market Size
- 0 Comments
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. The global sodium silicate market is expected to witness a CAGR of around 4% during the forecast period (2022-2028).
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.
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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.
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.
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For a better understanding of the market adoption of the scrubber system, the market is analyzed based on its worldwide presence in the regions such as North America; Europe; Asia-Pacific; and the Rest of World. 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.
Some of the major players operating in the market include 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.
Global Sodium silicate Market Segmentation
Market Insight, by Type
Market Insight, by Application
• Pulp & Paper
• Water Treatment
• Food Preservation
• Precipitated Silica
Market Insight, by Region
- North America
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Evonik Industries AG
- PQ Corporation
- Occidental Petroleum Corporation
- Tokuyama Corporation
- Nippon Chemical Industrial
- Kiran Global Chem Limited
- Sinchem Silica Gel Co. Ltd.
- Shijiazhuang Shuanglian Chemical Industry Co. Ltd.
- IQE Group