Potassium Silicate Market: Overview

Potassium silicate is water soluble alkali silicate which is used extensively as a metal cleaning agent, binder for cement & electrodes and as a flame retardant. Potassium silicate has numerous industrial uses. It is used as a source of potassium in horticultural applications, in order to increase the potassium content of soil. Potassium silicate is hygroscopic and viscous when dissolved in water. Potassium silicate has uses and properties similar to sodium silicate; however, potassium silicate provides better solubility, temperature resistance and lower efflorescence compared to potassium silicate.

Potassium silicate finds use as a pH neutralizer and a buffer to maintain alkalinity of mixtures. It helps to neutralize acidic soils, emulsify fats & oils and disperse proteins. Potassium silicate is used in manufacturing of detergents because it helps in softening of water by sequestering calcium and magnesium ions. This ensures optimal performance of the surfactant system even in hard water.

Potassium silicate acts as a corrosion inhibitor by forming a barrier to alkali attack and protects sensitive glazed dishware, glass, metal pipes and metallic surfaces. Additionally, potassium silicate is used as a binder in welding electrodes as it improves melting properties, the application of potassium silicates in industrial cleaning, not only cleans surfaces but also protect the surfaces against corrosion. Furthermore, it finds use in decorative coatings and paints and as specialty fertilizer in horticultural industry.

Potassium Silicate Market: Key Drivers and Opportunities

The growing building & construction is a key driver for the potassium silicate market owing to the growing global population explosion. The use of potassium silicate as a flame retardant in wooden fixtures is driving the market of potassium silicate. The safety regulations imposed by governments necessitate the use of flame retardant components in architectural structures. Additionally, potassium silicate is used as a binder in cement & welding rods. It is also used as a heavy duty metal cleaner. The growing manufacturing industry in certain parts of the globe is driving the growth of potassium silicate market and this trend is expected to continue over the coming years. Potassium silicate is used as a source of potassium for crop plants and therefore used as a potassium fertilizer.

This is an important driver for the market of potassium silicate. However, the handling of potassium silicate requires caution as it is an eye irritant. This is expected to restrain the growth of this market. The use of lithium ion phosphate batteries employed in electric vehicles is expected to open new areas of opportunity for the market of potassium silicate within the forecast period.

Potassium Silicate Market: Regional Insight

Countries such as India, China and Latin America are major markets of potassium silicate owing to the growing manufacturing activities and agrarian economies of these counties. The growing requirement of potassium silicate in industrial applications and in fertilizers is expected to drive the market of potassium silicate within the forecast period. In regions such as Europe, North America and Japan the demand for potassium silicate is majorly due to its use in detergents. The market of potassium silicate is expected to grow at a steady rate in these countries.

The major players in this market are – Alfa Aesar, Baoding Runfeng Industrial Co. Ltd, Chengdu XiYa Chemical Technology Co. Ltd, Nutri Tech Solutions, Nanjing Vital Chemical Co., Ltd. PQ Corporation, Rishon Biochem Co. Ltd, Samarth Chemical Products Pvt Ltd, Zaclon LLC and Zhejiang Jiashan Dechang Powdered Material Co Ltd among others.

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
  • Europe
  • 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.

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Potassium Silicate Market

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