PQ Corporation: PQ Corporation announced the acquisition of a specialty silicate and engineered materials business from Solvay. This acquisition expands PQ Corporation's portfolio of specialty silicates and strengthens its position in the global market.
PPG Industries: PPG Industries announced a partnership with a global automotive manufacturer to develop an innovative liquid sodium silicate-based coating for automotive battery components. The collaboration aims to improve battery performance and safety in electric vehicles.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5012
Published Date: Jun 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing growth in the construction sector is the major factor driving the market growth.
The market size of liquid sodium silicate is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are PQ Corporation, PPG Industries, Tokuyama Corporation, BASF SE, W.R. Grace & Co., and others.
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.
The market is segmented by application, end use industry, and by region.
The detergents segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The fluctuating raw material prices are estimated to be the growth hindering factor for the market expansion.
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.