Lithium Silicate Market: Overview
Lithium silicate is a surface treatment chemical used in various applications such as welding rod binders, concrete surface treatments, ceramics, specialty paints and coatings, refractory, and glazes. Demand for lithium silicate for concrete surface treatment is increasing as comparison to other chemical surface treatment chemicals such as sodium or potassium silicates. Potassium, magnesium, sodium, and lithium silicates when used as concrete surface treatment chemicals, react with calcium hydroxide, a byproduct of the reaction of concrete with water. This reaction of concrete surface treatment chemicals with calcium hydroxide produce calcium silicate hydrate (C-S-H), gives concrete the desired strength and hardness. Apart from concrete surface treatment, lithium silicates are also used in welding rod binders and in paints and coatings as binding agents. Lithium silicates are extensively used to manufacture ceramics for dental applications.
Lithium Silicate Market: Trends & Developments
Lithium silicates are preferred over their sodium counterparts due to ease of application and quick speed of the reaction. A typical application of lithium silicate on concrete includes light spraying of lithium silicate onto a concrete slab, while other silicate floor surfaces need to be saturated. In addition to ease of application, lithium silicates are environment-friendly which makes it a preferred choice as a concrete surface treatment chemical.
Rise in demand for lithium silicate for use in concrete applications and increase in usage of these chemicals in ceramic applications are expected to drive the global lithium silicate market in the next few years. This is prompting companies to increase the production of lithium silicate. Additionally, easy availability of raw materials required to manufacture lithium silicate is anticipated to boost the global lithium silicate market during the forecast period.
Technological advancements in lithium silicate are increasing. Companies are striving to develop new and better methods of manufacturing lithium silicate. Development of new processes for the manufacture of lithium silicate and rise in their utilization are expected to propel the global lithium silicate market during the forecast period.
Lithium Silicate Market: Key Segments
In terms of application, the global lithium silicate market can be segmented into inorganic binders, paints & coatings, cement and concrete, and others. The cement and concrete segment dominates the global lithium silicate market due to extensive usage of lithium silicates as a concrete hardener.
Lithium Silicate Market: Regional Outlook
Based on geography, the global lithium silicate market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific and North America are anticipated to constitute major share of the global lithium silicate market during the forecast period. The global lithium silicate market in Asia Pacific is projected to expand at a significant pace from 2018 to 2026 due to the rise in the demand for global lithium silicate market for use in cement and concrete applications in the region. Europe is anticipated to be an attractive global lithium silicate market between 2018 and 2026 owing to the increase in demand for global lithium silicate market for ceramic applications in the region.
Lithium Silicate Market: Key Players
Prominent players operating in the global lithium silicate market include PQ Corporation, Silmaco NV, Sterling Chemicals, and Nippon Chemical Industrial Co.,Ltd. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.