Market Research Report
Sodium Silicate Market, By Application, By Product Grades and, By Geography - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025
|Published by||AnalystView Market Insights||Product code||918870|
|Published||Content info||159 Pages
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|Sodium Silicate Market, By Application, By Product Grades and, By Geography - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025|
|Published: October 1, 2019||Content info: 159 Pages||
Sodium Silicate Market, By Application (Catalysts, Pulp & Paper, Detergents, Healthcare, Elastomers, and Food Industry), By Product Grades and, By Geography (North America, Europe, Asia Pacific, Middle East and Africa and Latin America) - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025.
The sodium silicate market was valued at USD 6.18 billion by 2018, growing with 2.8% CAGR during the forecast period, 2019-2025.
Sodium silicate (also called "water glass") is a liquid additive that is a key source of reactive silica. This inorganic sodium salt contains silica (SiO2) and sodium oxide (Na2O) which forms a glassy solid with the useful property of being water-soluble. The chemical is normally supplied as a viscous, colourless water solution displaying tack.
Growing applications of sodium silicate in various sectors including rubber, detergents, paper & pulp, etc. will drive the market growth. In addition, a soluble solution is modified through various techniques like the ion-exchange method and acid addition in order to form silica sols, silica gels and precipitated silica. Rising demand for various sodium silicate derived products such as precipitated silica, zeolite, and silica gel is anticipated to have a positive impact on the industry further. Precipitated silica is the most important product obtained from sodium silicate which finds high demand in rubber, oral care, food and beverage, and healthcare industry. Likewise, Zeolite is an important silica derivative of sodium silicates which has a high application scope in detergent and wastewater treatment industry. Such factors would, in turn, establish healthy platform for the market growth to a great extent over the study period.
The key product grades covered in this market analysis are 40, 40 Clear, 42, 47, 50, and so on; grades 40, 40 Clear, and 42 have been detailed in this section as these are the product grades used in most applications of sodium silicate. 40 and 42-grade sodium silicates find applications in coating formulations, acid-proof cement, corrosion control in water lines, drilling muds, and hardening concrete. The advantages provided by these products include high performance, economical, heat resistance, fire resistance, and stability. The following sections provide detailed descriptions of the aforementioned key product segments.
In terms of applications, the market is divided into catalysts, pulp & paper, detergents, healthcare, elastomers, and food industry. The main applications of sodium silicate adhesives are in bonding paper and making corrugated cartons and boxes. Elastomer is anticipated to be the fastest-growing segment over the study period.
The key manufacturers in the global sodium silicate industry are; PQ Corporation, Albemarle Corporation, Evonik, CIECH Vitrosilicon, BASF, PPG Industries Ohio, Inc., and W.R. Grace & Company. These key players offer a variety of sodium silicate grade products, in solution as well as powder forms.
The U.S. based PQ Corporation is the largest manufacturer for sodium silicate and is engaged in manufacturing liquid, solid and powder grades of the product for various end-use industries including detergents, oil & gas, cement, paper & pulp, and elastomers. The company operates in all the major geographies. Diversified product portfolio and wide distribution network offer the company a competitive edge in this industry.
The market size and forecast for each segment and sub-segments has been considered as below:
The scope of this report covers the market by its major segments, which include as follows: