The latest research study “Sodium Silicate Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global sodium silicate market reached a value of US$ 7.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.58 Billion by 2027 exhibiting a CAGR of 4.70% during 2022-2027.
Industry Overview and Application :
The inorganic substance sodium silicate, sometimes referred to as water glass, is a colourless, flaky mixture of sodium and silica oxides. It is often sold in crystalline and anhydrous forms and is made by dissolving silica in hot sodium carbonate. Additionally, this substance demonstrates a number of advantageous traits, including increased stability in alkaline solutions and excellent tolerance to harsh temperatures. As a result, sodium silicate has several uses in a variety of sectors, including the textile, automotive, pharmaceutical, etc.
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Sodium Silicate Market Trends and Drivers:
The rising product adoption in the construction sector for concrete hardening, cement refractories, and soil stabilization purposes is primarily driving the sodium silicate market. Additionally, the launch of numerous favorable policies by government bodies across countries for improving water treatment plants and stabilization facilities is propelling the demand for sodium silicate as a cleaning agent, which is further catalyzing the market growth.
Besides this, the increasing utilization of water glass as a corrosion inhibitor in soaps, refractory cement, drilling fluids, detergents, adhesives, mineral processing, zeolites, etc., is acting as another significant growth-inducing factor. Moreover, the inflating need for cleaning, finishing, kier boiling, wool scouring, bleaching, and degumming of fabrics in the textile industry is also bolstering the global market.
Apart from this, the elevating investments in R&D activities aimed at sourcing eco-friendly raw materials for the manufacturing processes, on account of the growing environmental concerns among the individuals, are anticipated to fuel the sodium silicate market over the forecasted period.
|Sodium Silicate Market Report Scope|
|Market size value in 2021||US$ 7.11 Billion|
|Market forecast in 2027||US$ 9.58 Billion|
|Growth Rate||CAGR of 4.70% from 2022 to 2027|
|Base year for estimation||2021|
Global Sodium Silicate Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
BASF SE, CIECH S.A., Evonik Industries AG, Kiran Global Chem Limited, Merck KGaA, Nippon Chemical Industrial Co. Ltd., Occidental Petroleum Corporation, PPG Industries Inc., PQ Corporation, Sinchem Silica Gel Co. Ltd., Solvay S.A., Tokuyama Corporation and W. R. Grace and Co.
The report has segmented the market on the basis of region, type, grade, form, application and end user.
Breakup by Type:
Breakup by Grade:
Market Breakup by Form:
Breakup by Application:
- Tube Winding
Breakup by End User:
- Pulp and Paper
Market Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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