Published: Jul, 2018

The intensely competitive vendor dynamics for the global market for sodium silicate features a large number of manufacturers spread across a number of regional markets. So as to gain a stronger hold on the market, companies are focusing on strategic collaborations with promising players operating in regional markets that feature good growth opportunities, observes Transparency Market Research in a recent report. As a result, there has been a significant rise in mergers and acquisitions. R&D activities have also witnessed a vast rise in the market in the past few years, focused at the development of products suited for a new set of applications.

The vast rise in production volumes in the past few years have led to a demand-supply gap, which has negatively impacted the profit margins of companies as companies are required to lower down costs of their products to survive in the market. This factor has also restricted the entry of new players in the market. Some of the leading companies in the market are CIECH Group, PQ Corporation, Silmaco NV, Evonik Industries AG, and BASF SE.

sodium silicate market

According to the report, the global sodium silicate market will exhibit a lackluster CAGR of 1.92% from 2016 to 2025. At this pace, the market is expected to rise from a valuation of US$4.9 bn in 2016 to a revenue opportunity of US$5.81 bn by 2025.

Asia Pacific to Remain Most Lucrative Regional Market

Of the key applications of sodium silicate, the segment of silica manufacturing presently accounts for the dominant share of the market and is the most lucrative application for the global sodium silicate market. In 2016, the segment held a nearly 26.8% of the overall market, followed by the detergent segment, which accounted for a relatively much lower 15% of the market in the said year.

Geographically, the market in Asia Pacific accounted for nearly 54% of the market in 2016, exhibiting a clear dominance, thanks to the vast production capacity of China. The high uptake of the compound in the production detergents, a variety of catalysts and chemicals, and construction materials in the region also make it one of the leading regional markets for sodium silicate.

Rising Global Demand for Detergents and Cleaning Agents to Drive Market

One of the key factors driving the global sodium silicate market remains its use in the production of a number of products in the construction, chemicals, and cleaning products industries. The rising demand for environment-friendly binding agents in the construction industry and the increased uptake of green tires in the automotive sector are also expected to prove to be highly beneficial for the global sodium silicate market in the next few years.

The market is also driven due to factors such as increased disposable incomes of people in developing economies and changing preferences regarding cleaning agents and detergents. Sodium silicate allows the maintenance of effective pH levels during cleaning activities. Thus the detergency of the cleaning product as well as the effectiveness of surfactants and soaps is improved. These benefits have made the use of sodium silicate highly popular in cleaning products and detergents, the demand for which has massively increased globally in the past few years. Moreover, the steady expansion of the waste water treatment and agriculture sectors in emerging economies across Asia Pacific, Africa, and Latin America is also expected to have a positive impact on the development of the global sodium silicate market.

This overview of the global sodium silicate market is based on a recent market research report by Transparency Market Research, titled “Sodium Silicate Market (Application Type - Silica Manufacturing, Detergents, Chemicals & Catalysts, Paper Pulp & Board, Water Treatment, Construction Materials, and Soil Stabilization)  - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2025.”

The market is segmented as follows:

Sodium Silicate Market: Application Analysis

  • Silica Manufacturing
  • Detergents
  • Catalysts & Chemicals
  • Paper, Pulp & Board
  • Water Treatment
  • Construction Materials
  • Soil Stabilization
  • Others

Sodium Silicate Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Italy
    • Russia
    • France
    • Germany
    • Spain
    • Hungary
    • Portugal
    • Czech Republic
    • Ukraine
    • Bulgaria
    • Croatia
    • Slovakia
    • Belarus
    • Lithuania
    • Latvia
    • Estonia
    • Romania
    • Austria
    • Poland
    • Denmark
    • Netherlands
    • Switzerland
    • Bosnia-Herzegovina
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Thailand
    • Vietnam
    • Malaysia
    • Indonesia
    • Philippines
    • Myanmar
    • Singapore
    • Laos
    • Japan
    • Rest Of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of South America
    • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

About Us:

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

.