The Europe sodium silicate market is highly fragmented in terms of its competitive scenario. In 2013, the top three companies – PQ Corporation, PPG Industries, and Evonik Industries – collectively took up 33% of the market volume, while the majority was taken up by numerous local manufacturers.
The intensity of competition in the Europe sodium silicate market is expected to remain at a medium level, thanks to the prominent presence of several multi-nationals across the continent. While the market is still fragmented in nature, the high rate of mergers and acquisitions is keeping the competition at a lower level.
The Europe sodium silicate market is expected to expand at a slow CAGR of 1.5% within a forecast period from 2014 to 2020, in terms of revenue. This revenue is expected to reach US$840.8 mn by the end of 2016 and US$897.6 mn by the end of 2020. In terms of volume, the Europe sodium silicate market is expected to expand at a CAGR of 0.5% from 2014 to 2020. In terms of applications, the Europe sodium silicate market is largely dominated by detergents. By the end of 2020, detergents are expected to take up 36.3% of the Europe sodium silicate market in terms of volume.
The cumulative demand of smaller regions from Europe is expected to continue being the leading one till 2020. By the end of 2020, this group of European regions is expected to accrue 31.1% of the market volume. Germany comes second in terms of the overall demand share for sodium silicate, which is expected to be 20.3% of the European market.
Scope of Sodium Silicate Expanding Beyond Detergents Spurs Market Growth
“Detergents have always been the primary application of sodium silicate across the world, including Europe. In fact, with the growing demand for specialty detergents and cleaning agents in Europe, the sodium silicate market of this region is expected to be driven significantly by it. But there is a combined effective driver for the demand of sodium silicate in this region: the increasing use of sodium silicate in construction and water treatment,” states a TMR analyst.
The analyst continued, “While both application segments have been prominent entities of the Europe sodium silicate market, recent data is showing a sizeable upswing in the demand for this chemical by manufacturers of countertops, warehouse floors, building blocks, storage tanks, reinforced walls, and bridges. Additionally, the growing pressure over the production of clean water and wastewater management is creating a massive scope for the Europe sodium silicate market, which will be fully realized over the years to come.”
High Usage of Substitutes Hampers Europe Sodium Silicate Market
One of the leading complications faced by manufacturers of sodium silicate in Europe is the large range of substitute products available in all the market’s application segments. The core function of sodium silicate is to accentuate the pH level of a mixture. There are multiple products available in the market that possess the same property and are available at cheaper costs. One of the leading challengers to sodium silicate is soda ash. The impact of this restraint is expected to remain medium for the coming years.
One field of application that can prove to be a great opportunity of growth for the Europe sodium silicate market is the use of sodium silicate in enhanced oil recovery, or EOR. Europe is showing a rejuvenated interest in EOR as the price of oil and demand for oil are both on the rise.
The information presented in this review is based on a Transparency Market Research report, titled, “Sodium Silicate Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”
Key segments of the Europe Sodium Silicate Market
Europe Sodium Silicate Market - Application Analysis
- Pulp & Paper
- Food & Healthcare
- Others (coating, agriculture, etc.)
Europe Sodium Silicate Market - Country Analysis
- The Czech Republic
- Rest of Europe (RoE)
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