Report Code: A06169 | Pages: 365 | Jan 2021 | 8503 Views | ||
Author(s) : Yamini P , Eswara P | Tables: 322 | Charts: 79 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sodium Silicate Market
Request Now !The sodium silicate market was valued at $7.2 billion in 2019, and is anticipated to generate $9.2 billion by 2027. The market is projected to experience growth at a CAGR of 3.7% from 2020 to 2027.
The sodium silicate market suffered medium impact from the outbreak due to halt in production and manufacturing activities, which resulted in supply demand gap.
As sodium silicate is a colorless compound of oxides of sodium and silica. Sodium silicate is used in soaps, detergents and in the manufacture of silica gel. It is used as a cement, binder, filler, and adhesive. In addition, it is used as a wall coating, in concrete, fire proofing material, and as a sealant. It is also used to preserve eggs and wood. Sodium silicate also finds use in textile and pharmaceutical industries. Neutral sodium silicate in liquid form is suitable for use in pharmaceutical and toilet preparations.
Sodium silicates of certain ratios are used for application over concrete floors for hardening making dustless concrete floors and protecting pervious building materials against the effects of moisture. It is also used in foundries and welding electrode industries. In ceramic industries, sodium silicate is used as a deflocculant in the preparation of casting slips for keeping solid particles in suspension without settling. Sodium silicate is used in refractories industries as an air-setting bond for manufacturing refractory cements and mortars. In vitreous enamel industries, it is used for cleaning the metal, known as pickling, prior to enameling.
The sodium silicate market is segmented on the basis of form, type, grade, application, end use, and region. Depending on form, the market is segmented into crystalline and anhydrous. By type, the market is bifurcated into liquid and solid. The grade segment is further divided into neutral and alkaline. Based on application, the market is divided into paints, adhesives, refractories, tube winding, detergent, catalyst, and others. Based on the end use, the market is categorized into pulp & paper, construction, automotive, and others.
Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the market are Tokuyama Corporation, Evonik Industries AG, Merck Millipore Limited, Nippon Chemical Industrial Co. Ltd., PQ Group Holdings Inc., Occidental Petroleum Corporation, CIECH S.A., Sinchem Silica Gel Co. Ltd., Shijiazhuang Shuanglian Chemical Industry Co. Ltd., and Kiran Global Chem Limited.
By form, the sodium silicate market is bifurcated into crystalline and anhydrous. The sodium silicate market was dominated by crystalline segment in 2019. It is also expected to continue the growth at higher CAGR during the forecast period. This is attributed to application in fireproofing mixtures, in laundry, dairy, metal, and floor cleaning. They are also used in deinking paper, insecticides, fungicides, washing carbonated drink bottles, and antimicrobial compounds. Such application of crystalline sodium silicates drives the market growth.
By type, the sodium silicate is divided into liquid and solid. The liquid segment dominated the market share in 2019. This was attributed to its use in many industrial and commercial applications such as in detergent/cleaning compounds, pulp and paper, paper board, building products/construction, textiles, ceramics, petroleum processing, and metals. Such application of liquid sodium silicates drives the market growth. However, the solid segment is expected to grow at a higher CAGR during the forecast period, owing to ease of handling and storage facilities.
Depending on grade, the market is segmented into neutral and alkaline. The alkaline segment dominated the market share in 2019, owing to applications in adhesives & binders, pulp & paper, deinking, detergents/soaps, catalysts, textiles, drilling fluids, mineral processing, refractory cements, and zeolites. However, neutral segment is expected to grow at a higher CAGR during the forecast period, owing to increased applications in waste water treatment.
The application segment is divided into paints, adhesives, refractories, tube winding, detergent, catalyst, and others. The detergent segment dominated the market share in 2019, owing to increased cleaning and washing activities. However, the adhesive segment is expected to grow at a higher CAGR during the forecast period, owing to ease in applying, suitable viscosity, ease in penetration, and high strength.
By end use, the market is segmented into pulp & paper, construction, automotive, and others. The construction segment dominated the market in 2019, owing to use in soil stabilization, concrete hardening, and cement refractories. However, the pulp & paper segment is projected to grow at a higher CAGR, owing to increased use in fresh as well as recycled paper for de-inking and brightening pulps.
By region, the sodium silicate market analysis is done across North America, Europe, Asia-Pacific, LAMEA (Latin America, Middle East, and Africa). Asia-Pacific dominated the market in 2019, owing to presence of large number of corporations. However, North America is projected to grow at a higher CAGR during the forecast period, owing to rising activities in construction, detergent, catalyst, tube winding, and paper & pulp application of sodium silicate.
Key Benefits For Stakeholders
Sodium Silicate Market Report Highlights
Aspects | Details |
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By Form |
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By Type |
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By Grade |
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By Application |
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By End User |
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By Region |
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Key Market Players | CIECH S.A., EVONIK INDUSTRIES AG, KIRAN GLOBAL CHEM LIMITED, MERCK MILLIPORE LIMITED, NIPPON CHEMICAL INDUSTRIAL CO., LTD., OCCIDENTAL PETROLEUM CORPORATION, PQ GROUP HOLDINGS INC., SHIJIAZHUANG SHUANGLIAN CHEMICAL INDUSTRY CO. LTD., SINCHEM SILICA GEL CO. LTD., TOKUYAMA CORPORATION |
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According to the insights from executives, the sodium silicate market is growing at significant rate. This is attributed to availability of the product in bulk size. Moreover, it is a cost friendly product and is easy to use and thus, has several applications across various end-use industries such as construction, agriculture, textiles, automobile, pulp & paper, and others. In addition, the demand from paper & pulp, rubber & tire, and detergents & soap industries further boosts the sodium silicate market growth. Moreover, rise in application in the construction industry also offers lucrative opportunity for the sodium silicate industry growth. However, presence of substitutes in the market and hazardous nature of the product acts as restraint for market growth. According to the insights from executives, the sodium silicate market is growing at significant rate. This is attributed to availability of the product in bulk size. Moreover, it is a cost friendly product and is easy to use and thus, has several applications across various end-use industries such as construction, agriculture, textiles, automobile, pulp & paper, and others. In addition, the demand from paper & pulp, rubber & tire, and detergents & soap industries further boosts the sodium silicate market growth. Moreover, rise in application in the construction industry also offers lucrative opportunity for the sodium silicate industry growth. However, presence of substitutes in the market and hazardous nature of the product acts as restraint for market growth.
A. The total market size of global Sodium silicate Market is $7.2 billion in 2019.
A. Tokuyama Corporation, Evonik Industries AG, Merck Millipore Limited, Nippon Chemical Industrial Co. Ltd., PQ Group Holdings Inc., Occidental Petroleum Corporation, CIECH S.A., Sinchem Silica Gel Co. Ltd., Shijiazhuang Shuanglian Chemical Industry Co. Ltd., and Kiran Global Chem Limited are the emerging players in the industry.
A. Construction and paper & pulp industry is the major are of development in the industry followed by automobile and textiles.
A. Construction industry is projected to increase demand for sodium silicate market.
A. Growing cleaning industry, construction, and increased application in paper and pulp industry are emerging trend in the market.
A. The most influencing segment is detergent, catalyst, adhesives, and paints.
A. Asia-Pacific holds the maximum market share of the Sodium silicate market in 2019.
A. Bleaching, de-inking, soil stabilization, concrete gardening, buffering, saponifying are some of the applications that are expected to drive the adoption of Sodium silicate.
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