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Sodium Silicate Market Worth To Reach USD 12.55 Billion By 2028 Says Reports and Data

The global sodium silicate market is expected to reach USD 12.55 Billion by 2028, according to a new report by Reports and Data. This is due to increasing demand for sodium silicates from the end-user industries.

An increase in demand for adhesives & sealants in the paper & pulp and construction industry is estimated to drive the growth of the market in the upcoming years. There is a stiff competition in the market owing to the presence of several manufacturers with large capacities worldwide. The increasing use of sodium silicates as an adhesive/sealant in various manufacturing applications are driving the product demand. The sodium silicate is used to bind fiber drums, paperboard laminates, and cores of paper towel and toilet tissues, among others.

Escalating deployment of sodium silicate in detergents owing to its excellent emulsifying and high buffering property is expected to propel the market demand in the forecast period. Also, increasing awareness for a healthy lifestyle among the consumers, coupled with rising per capita income is stimulating the development of the market. Besides, the growing paper industry due to increasing use of paper towels, and tissue paper, among others are likely to boost the product demand.

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Key participants include Evonik Industries AG, Solvay SA, PQ Corporation, BASF SE, CIECH Group, W.R. Grace & Company, Tokuyama Corporation, Sinchem Silica Gel Company Ltd., Shangyu Huachang Industrial Co., and PPG Industries Inc., among others.

Additionally, technological advancements, and rising disposable income of people in emerging economies are anticipated to fuel the product demand in the upcoming years.

North America region holds a key position in the market owing to the presence of several oil refineries, pulp & paper industries, and detergent manufacturing companies. Moreover, the easy availability of raw materials in the region is pivotal in driving market growth.

Further key findings from the report suggest

By product form, solid sodium silicate held a larger market share in 2018 and is expected to grow at a rate of 4.2% in the forecast period. It is used in a wide variety of applications, including detergents & soaps, pulp & paper, adhesives & sealants, gels & powders, and water treatment, among others.
By application, detergent contributed to the largest market share in 2018 and is expected to witness a growth rate of 3.4% in the forecast period. Sodium silicate is used as a building agent in many commercial detergents, owing to its benefits to prevent mineral deposits on surfaces after washing by eliminating water hardness.
The Asia Pacific region dominated the market in 2018 and is projected to grow at a rate of 4.3% in the forecast period. This is primarily due to the growth in building and construction activities coupled with the increasing use of detergents in the region. Also, an increase in the purchasing power parity of the consumer due to rise in the level of disposable income of people is expected to drive the product demand in the region.
In April 2019, BASF made an investment in the modernization of its silica plant at the Düsseldorf-Holthausen location. The investment is allocated for the modernization and upgradation of existing facilities over the next ten years. The investment is intended to serve customers with high-value silicates.
For the purpose of this report, Reports and Data have segmented the global sodium silicate market on the basis of product form, application, industry vertical, and region:

Product Form Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Liquid Sodium Silicate
Solid Sodium Silicate
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/sodium-silicate-market

Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Adhesives & Sealants
Elastomer
Detergent
Flocculants
Catalyst
Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Consumer Products
Automotive
Building & Construction
Food & Beverage
Oil & Gas
Others
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Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

North America
U.S.
Europe
UK
France
Asia Pacific
China
India
Japan
Latin America
Brazil
MEA
Explore Reports and Data's Prime Analysis of the global Materials and Chemicals Industry:

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Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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