Global Sodium Silicate Market: Snapshot
The global sodium silicate market is gaining momentum due to a multitude of applications of sodium silicate across a host of end-use industries. Sodium silicates are used as adhesives, binders, detergents, additives in cleaning products, unique coatings, coagulant aids, catalyst bases, chemicals, deflocculates, zeolites, and cements to name a few across various industries. For instance, sodium silicate is used as a binder in the construction sector, whereas precipitated silica is used as reinforcement fillers in tire applications to serve the demand for green tires.
Apart from this, in several parts of the world, rising disposable incomes and changing consumer preference have been instrumental for the expansion of detergents and cleaning agents market. The rising awareness about the importance of staying healthy is leading to the increasing demand for cleaning products. Sodium silicate if used as an additive enables to maintain effective pH level during cleaning operations. This in turn, boosts the effectiveness of soaps and surfactants and detergency of cleaning products.
A report by Transparency Market Research (TMR) anticipates the global sodium silicate market to expand at a lackluster 1.92% CAGR for the forecast period between 2016 and 2025. Progressing at this rate, the market which stood at US$4.9 bn in 2016 will become worth US$5.81 bn by 2025 end.
Water Treatment to Gain Momentum to Serve Demand for Purified Water for Rising Urban Populations
The report studies the global sodium silicate market on the basis of application and geography. In terms of application, the market has been segmented into silica manufacturing, detergents, chemicals and catalysts, pulp paper and board, water treatment, construction materials, soil stabilization, and others. Amongst all, in 2016, silica manufacturing held the leading share of the market. The segment held the leading 26.8% of the market in 2016; going forward the segment is anticipated to expand at a CAGR of 2.23% between 2016 and 2025.
This was followed by the detergents segment that held 15% of the overall market in 2016. The detergents segment is expected to display an increased market share over the course of the forecast period. This is mainly because of growth of health and wellbeing industry, rising disposable incomes, and changing consumer preferences. The segments of construction materials, soil stabilization are also expected to witness growth over the forecast period. The pulp paper and board and water treatment segments are anticipated to rise at a CAGR of 1.26% and 1.52% respectively over the forecast period between 2016 and 2025. The growth of pulp paper and board segment is attributed to growth of paper recycling industry for environmental reasons. On the other hand, efforts for water treatment to serve the rising demand for purified water with rapid urbanization is aiding growth of water treatment application segment.
Asia Pacific to Outshine with Leading Growth Rate through 2025
The key regions into which the global sodium silicate market is divided are: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of them, Asia Pacific held the leading share of 54% in terms of production in the overall market in 2016. Going forward, the region is anticipated to display the leading CAGR of 2.3% between 2017 and 2025.
Europe stood as the second-leading region for sodium silicate with 21.8% share in 2016. North America stood a close third holding 17.97% market share in 2016.
Key players in the global sodium silicate market include PQ Corporation, BASF SE, Evonik Industries AG, W.R. Grace & Co., CIECH Group, Silmaco NV, Oriental Silicas Corporation, Aromachimie Company Ltd, Industrial Chemicals Ltd, SIEKEM d.o.o, MAGNIFIN, BEKO Troyan, Glassven C.A, Z.Ch. Rudniki SA, Huber Engineered Materials, PPG Industries, Tokuyama Siltech Co. Ltd, Occidental Chemical Corporation, Nippon Chemical Industrial Co. Ltd, Solvay, and Diatom.
Global Sodium Silicate Market: Overview
Sodium silicate acts as a sealant in the cement & concrete industry. It provides chemical and physical durability to concrete surfaces such as bridges, walls, building blocks, slabs, and countertops. Inorganic silicates exhibit adhesive, fire-resistant, and intumescent properties in the manufacture of various building materials such as wallboard and acoustic tiles. Furthermore, silicates serve as extrusion aids and help reduce shrinkage on firing in brick and clay products. Construction materials and soil stabilization s one of the prominent applications of sodium silicate. Thus, the construction industry is anticipated to influence the sodium silicate market during the forecast period. Sodium silicate is primarily used in the production of specialty silica. Therefore, rise in production of specialty silica in various countries is driving the sodium silicate market. The silica manufacturing application segment accounts for quarter of sodium silicate consumption. Thus, rise in demand for specialty silica is likely to propel the sodium silicate market during the forecast period. Expansion in the health & wellbeing industry has been augmenting the demand for detergents and cleaning agents. Sodium silicate is the key ingredient in detergent agglomeration. , sodium silicate increases the effectiveness of surfactants and soaps, and improves detergency of products. These parameters have made sodium silicate a popular additive in the detergents & cleaning agents industry. Sodium silicate aka water glass is used as coagulant or deflocculant agent in water treatment plants.
Global Sodium Silicate Market: Market Dynamics
Demand for sodium silicate is projected to increase significantly in the next few years considering the extensive manufacturing of silica and sodium silicate derivatives in various regions. Asia Pacific dominates the sodium silicate market in terms of production and demand. Countries such as China, Japan, and South Korea are expected to be the key producers and consumers of sodium silicate. Europe is the second largest consuming region.
Global Sodium Silicate Market: Scope of Study
This report analyzes and forecasts the market for sodium silicates at the global and regional level. The market has been forecast based on volume (KILO TONS) and revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global sodium silicate market. It also covers impact of these drivers and restraints on demand for sodium silicate during the forecast period. The report also highlights opportunities in the sodium silicate market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global sodium silicate market. Porter’s Five Forces model for the sodium silicate market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Sodium Silicate Market: Market Segmentation
The study provides a decisive view of the global sodium silicate market by segmenting it in terms of applications such as silica manufacturing, detergents, chemicals & catalysts, pulp,paper& board, water treatment, construction materials, soil stabilization and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for sodium silicate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of sodium silicate for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of sodium silicate has been provided in terms of volume and revenue. Market volume has been defined in kilo tons & tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key applications of sodium silicate. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
Global Sodium Silicate Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, CSA Global, FAO, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, one SOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Sodium Silicate Market: Competitive Landscape
The report comprises profiles of major companies operating in the global sodium silicate market. The global sodium silicate market is fragmented, however few global producers dominate the market. Key players include PQ Corporation, OxyChem Corporation, W.R. Grace & Company, and PPG Industries. Other players include Tokuyama, Nippon Chemical, Huber and Albemarle. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global sodium silicate market has been segmented as follows:
Sodium Silicate Market: Application Analysis (Volume Kilo tons, Revenue USD Mn; 2016-2025)
- Silica Manufacturing
- Catalysts & Chemicals
- Paper, Pulp & Board
- Water Treatment
- Construction Materials
- Soil Stabilization
Sodium Silicate Market: Regional Analysis (Volume Kilo tons, Revenue USD Mn; 2016-2025)
- North America
- Rest of North America
- Czech Republic
- Rest Of Europe
- Asia Pacific
- Rest Of Asia Pacific
- Latin America
- Rest of South America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA