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Sodium Aluminum Silicate Market: Global Opportunity Analysis and Industry Forecast 2020–2027

A07526
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Dec 2020 | 65 Views
 
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Sodium Aluminum Silicate Market Analysis 2020-2027:

Sodium aluminum silicate is manufactured by reacting sodium silicate with aluminum sulfate, followed by precipitation. It is an inert, synthetic amorphous, non-toxic, odorless, and white colored compound. It is an acidic salt comprising sodium, oxygen, silicon, and aluminum. It has the ability to absorb excess moisture content. Sodium aluminum silicates are used in the production of lacquers, waterborne & solvent-based paints, and printing inks. It acts as effective extenders for titanium oxide in paint applications. In addition, sodium aluminum silicates are used in rubber & rubber processing industry, pharmaceuticals, and agrochemicals as carrier agents, and free flowing & reinforcing fillers. It is available in different types of grades, based on its usage such as technical, pharmaceuticals, food, and others.

Market scope and structure analysis:

                Report Metric

                                            Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2019–2027

  Forecast units

  Volume (Kiloton or Ton), Value (USD)

  Segments covered

  Type, Grade, Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

BASF SE, Dow, Mitsui & Co. Ltd., DuPont, Lanxess, Bayer AG, Albemarle Corporation, J.M. Huber Corporation, Evonik Industries AG, IQE Group, Glassven C.A., Shinya Chem, and Gujarat Multi Gas Base Chemicals Pvt. Ltd.

 

COVID-19 scenario analysis:

  • The chemical business has been witnessing severe impacts of the COVID-19 outbreak such as value chain disruptions, changes in raw material prices, and others.
  • The chemical industry is operating at reduced manufacturing capacity, owing to decreased demand from downstream section of the value chain.
  • The value chain of the market is disrupted, owing to the spread of novel coronavirus across demand and supply chains in regions. It has also halted transportation activities across the globe.
  • The paints & coating industry is also witnessing manufacturing crunch, owing to decreased demand from the construction sector, resulting in decreased demand for sodium aluminum silicate.
  • There is downfall in the production of tires, owing to decrease in automobiles sales. This consequently affected the demand for chemical compounds such as polymers, sodium aluminum silicate, and others.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Rise in interest for anticaking agents from the food industry in production of spices, seasonings, and others is anticipated to propel the market growth during the forecast period. Furthermore, increase in interest for packaged foods is anticipated to propel the sodium aluminum silicate market growth. Moreover, increased demand from agricultural applications is anticipated to fuel the growth of the market.
Growth and trends of the market

Asia-Pacific (APAC) is one of the significant regions for the market. China and India are expected to be the major contributors to the sodium aluminum silicate market in terms of production and consumption, owing to significant demand from the food and paints & coatings industries. Moreover, presence of the fastest-growing agrochemicals, paints & coatings, rubber, and food & beverages industry in the Asia-Pacific (APAC) region is anticipated to boost the market growth.

It is anticipated that the sodium aluminum silicate market in Europe and North America is expected to witness slower growth compared to Asia Pacific during the forecast period. This is attributed to numerous factors such as stringent guidelines regarding usage of sodium aluminum silicate in the food industry, the saturated paints & coatings industry, and others. 

Key segments covered:

               Segments

                                   Sub-segments

  Type

  • Natural
  • Synthetic

  Grade

  • Pharma Grade
  • Food Grade
  • Technical Grade

  Application

  • Paints & Coatings
  • Food & Beverages
  • Printing Inks
  • Rubber Processing
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the sodium aluminum silicate market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the sodium aluminum silicate market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the sodium aluminum silicate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the sodium aluminum silicate market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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