SAN FRANCISCO, November 13, 2018 /PRNewswire/ --
The global sodium silicate market size is expected to reach USD 7.84 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 3.2% during the forecast period. Growing demand for sodium silicate for manufacturing household as well as industrial detergents are anticipated to propel product demand over the forecast period.
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Sodium carbonate and silica sand are key raw materials used for the production of sodium silicate. Presence of numerous raw material suppliers across the globe eases procurement of sodium carbonate and silica sand, thus impacting sodium silica production on a positive note. Major companies including GHCL limited, Tata Chemicals Limited, Solvay S.A., and Merck Millipore are involved in the production of raw materials used for sodium silicate manufacturing.
Pricing strategy for the compound is driven by quality of the product. As a result, industry players are likely to invest more into R&D to reduce product cost and broaden product portfolio in order to gain market share. Furthermore, key industry players are adopting expansion and integration strategies in order to establish themselves in the global market.
Commercially sodium silicate is available in both liquid and solid forms. International trade of liquid products, is limited by cost of transportation rather than production costs. As a result, the majority of the sodium silicate manufacturers prefer captive consumption of the product for manufacturing of silica derivatives such as zeolites, and precipitated silica.
Sodium silicate products of commercial concentrations with m<1.8 and silicate powders with m<2.4 attack the skin when tested according to Federal Hazardous Substances Act (FHSA) protocols. The sodium silicate market is, thus, subjected to stringent regulations prescribed by Occupational Safety and Health Association (OSHA), the U.S. Department of Transportation (DoT), and Resource Conservation and Recovery Act (RCRA).
Browse full research report with TOC on "Sodium Silicate Market Size, Share & Trends Analysis Report By Application (Pulp & Paper, Catalysts, Detergents, Elastomers, Food & Healthcare), By Region, Competitive Landscape, And Segment Forecasts, 2018 - 2025"at: https://www.grandviewresearch.com/industry-analysis/sodium-silicate-market
Further Key Findings From the Report Suggest:
- The catalysts application segment is anticipated to register a CAGR of 3.7% over the forecast period, owing to increasing demand of sodium silicate in transesterification of palm oil for formulation of biodiesel
- Detergents was the dominant application segment in 2017, accounting for over 24.0% of the overall revenue. The growth of the segment can be attributed to high demand for sodium silicate for manufacturing of powdered detergents
- The elastomers application segment is expected to progress at the highest CAGR of 4.0% in terms of revenue over the forecast period, owing to high demand for sodium silicate in manufacturing molded flexible parts, seals, and adhesives
- Asia Pacific held the largest share of over 43.9% in 2017 and is expected to dominate the market over the forecast period on account of flourishing automotive and construction sector in emerging economies of China and India
- Participants in the industry have adopted partnership and joint venture strategies to serve increasing consumer demand and gain larger market shares.
Browse related reports by Grand View Research:
- Refinery Catalyst Market - The Global refinery catalyst market size was 1.30 million tons in 2014.
- Industrial Enzymes Market - The global industrial enzymes market was valued at USD 4.62 billion in 2015.
- Emission Control Catalyst Market - The global emission control catalyst market size was 1,978.0 kilo tons in 2015.
- Enzymes Market - The global enzymes market size was USD 8.18 billion in 2015 and is expected to witness significant growth over the next eight years.
Grand View Research has segmented the global sodium silicate market on the basis of application and region:
- Sodium Silicate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Detergents
- Catalysts
- Pulp & Paper
- Elastomers
- Food & Healthcare
- Others
- Sodium Silicate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Netherlands
- Switzerland
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Indonesia
- Singapore
- New Zealand
- Philippines
- Central & South America
- Brazil
- Argentina
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates (UAE)
- Egypt
- Iran
- North America
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
SOURCE Grand View Research, Inc.
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