Ethyl Polysilicate Market: Overview
Ethyl Polysilicate refers to a toxic and flammable product, which under direct exposure can cause medical inflammations such as illness related to respiration, central nervous system, eyes, kidney, and liver.
Ethyl Polysilicate is extensively utilized in various end-use industries such as metallurgy, oil & gas and as sealants and binders, adhesives. It assists in the protection of metallic surfaces, refineries, and oil wells from water contaminants. These chemicals guard wells from being hydrolyzed, thereby keeping the quality of crude oil and yield intact and steering growth of the industry.
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Ethyl Polysilicate Market: Notable Developments
South Korean investors have completed the process of acquisition of Momentive Peformance Materials, a prominent manufacturer of sealants and adhesives recently. It makes one of the largest manufacturers of Albany, US, part of a corporation that comprises Korea's largest producer of PVC, glass, building materials, and industrial paint products.
The acquisition of Momentive Peformance Materials was done in a $3 bn transaction by a partnership that comprises KCC Corporation, Wonik Holdings Co. Ltd., and SJL Partners LLC.
Global ethyl polysilicate market share is competitive and fairly fragmented with leading manufacturers operating in the market. Nangtong Chengua Chemical, Dr. Khan Industrial Consultants Pvt. Ltd, Momentive Performance Materials Inc., Changzhou Wujin Hengye Chemical and Wacker Chemie AG are some of the noted market players.
Ethyl Polysilicate Market: Key Trends
Global ethyl polysilicate market is characterized with following market trends and opportunities:
Ethyl Polysilicate Market to Thrive on Increased Government Initiatives
Increasing application in paints due to its cross-linking properties and high adhesive nature is likely to impact growth of the global positively ethyl polysilicate market positively. These features prove beneficial for keeping the wall surfaces intact with paint. As such, moisture resistance and stability are likely to stimulate growth of global ethyl polysilicate market over the forecast timeframe.
Government initiatives comprising education for all and new healthcare schemes have created need for building of new public infrastructure such as hospitals and schools. Such initiatives are estimated to give impetus to the global ethyl polysilicate. The product is used widely in concrete & cement processing owing to its characteristics of vapors and air pores removal from concrete blocks and these are likely to trigger growth for global ethyl polysilicate industry market in estimated timeframe.
Since direct exposure to ethyl polysilicate can lead to various medical inflammations, workers who are engaged with the manufacturing of this chemical for a long period might suffer from various chronic incurable diseases. This is likely to hamper the growth of the market.
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Ethyl Polysilicate Market: Geographical Analysis
Ethyl polysilicate in Asia Pacific led by India, China, Japan, and South Korea is expected to grow exponentially over the period of forecast owing to the growth of textile industry. Ethyl polysilicate finds its application in manufacturing of clothes as it lessens shrinkage of garments. Besides, it characteristic of particles and dirt repellant in clothing materials increases the durability of shelf life of fabric. This will further trigger growth of ethyl polysilicate in Asia Pacific.
France, U.K., Germany, and Italy drive the ethyl polysilicate market in Europe. The region is estimated to register healthy gains over the forecast timeframe. Substantial rise of the regional chemical industry owing to current research and development activities on chemicals may foster growth of global ethyl polysilicate market.
Brazil ethyl polysilicate market is also expected to witness substantial growth due to increased usage ethyl polysilicate in the optical industry.
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