Liquid Sodium Silicate Market size is poised to surpass USD 30 billion by the end of 2035, expanding at a CAGR of 10% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of liquid sodium silicate was around USD 11 Billion. The growth in the construction sector, particularly in emerging economies, drives the demand for liquid sodium silicate for cement and concrete applications. The automotive industry also contributes to the market, as liquid sodium silicate is used in the production of heat-resistant coatings for engine components.
Liquid sodium silicate finds application across various industries due to its unique properties. It is used as a binding agent in manufacturing applications such as adhesives, cement, and coatings. It is also utilized in the production of detergents, soaps, and cleaning products.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~10% |
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Base Year Market Size (2022) |
~ USD 11 Billion |
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Forecast Year Market Size (2035) |
~ USD 30 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Application (Adhesives & Sealants, Cement & Concrete, Detergents)
The detergents segment is slated to gain the largest share of the liquid sodium silicate market in the year 2035. Rapid urbanization, coupled with population growth, has led to an increase in the demand for detergents worldwide. As more people move to urban areas and adopt modern lifestyles, the demand for cleaning products, including detergents, rises.
End Use Industry (Construction, Automotive, Chemical)
Liquid sodium silicate market from the automotive segment is expected to garner a significant share in the year 2035. The growth of the segment can be accredited to increasing vehicle production. The automotive industry is experiencing steady growth, with increasing vehicle production globally. As more vehicles are manufactured, the demand for various automotive components, including those requiring heat-resistant coatings, grows. Liquid sodium silicate is used in the automotive industry for heat-resistant coatings on engine components, such as exhaust systems and cylinder heads.
Our in-depth analysis of the global market includes the following segments:
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Application |
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End Use Industry |
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APAC Market Analysis
The liquid sodium silicate market in the Asia Pacific region is set to hold the largest market share by 2035. The regional growth is owing to the construction boom. The Asia Pacific region is experiencing substantial construction activities, driven by urbanization, infrastructure development, and population growth. Liquid sodium silicate finds extensive usage in the construction industry for applications such as cement and concrete. According to a report, Asia Pacific is expected to account for nearly 55% of global construction output by 2030.
North American Market Forecast
The liquid sodium silicate market in the North American region is projected to hold the second-largest share during the forecast period. The North American region witnesses ongoing construction and infrastructure development projects, driving the demand for liquid sodium silicate. Major construction projects, such as residential, commercial, and infrastructure developments, contribute to the market growth.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Increasing growth in the construction sector is the major factor driving the market growth.
Ans: The market size of liquid sodium silicate is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are PQ Corporation, PPG Industries, Tokuyama Corporation, BASF SE, W.R. Grace & Co., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by application, end use industry, and by region.
Ans: The detergents segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: The fluctuating raw material prices are estimated to be the growth hindering factor for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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