Menu ×

CHEMICALS AND ADVANCED MATERIALS

Sodium Silicate Market Segmentation by Application (Detergents, Precipitated Silica, Catalysts, Pulp & Paper, Elastomers, and Food & Healthcare); by Form (Solid, and Liquid) – Global Demand Analysis & Opportunity Outlook 2029

  • Text Size:

Extensive insights into the Growth of Sodium Silicate Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Sodium Silicate Market Highlights 2020 – 2029

The global sodium silicate market is estimated to gain a significant amount of revenue and grow at a moderate CAGR over the forecast period, i.e., 2021-2029. The growth of the market can be attributed to the growing requirement of sodium derivatives in several application industries, increasing demand for green tires and the rising number of activities for recycling waste paper worldwide. Furthermore, sodium silicate is the primary source of reactive silica, owing to which there is an increasing demand for its derivatives which is expected to push the market forward in the coming years. Additionally, the imposition of nationwide lockdowns as a result of COVID-19 pandemic has offered new possibilities to detergent manufacturers on the back of growing demand for hygiene products such as soaps, sanitizers and detergents. This is led to the wide expansion of the sodium silicate market in 2020.

The global sodium silicate market is segmented based on application into detergents, precipitated silica, catalysts, pulp & paper, elastomers, and food & healthcare. Out of these, the largest market share will be observed by detergents, out of which the detergents segment is estimated to grow with the highest CAGR over the forecast period. This can be credited to the property of sodium silicate to be an efficient cleaner due to which it finds many uses various industries such as cleaning, textiles, bleaching and degumming, which in turn is projected to fuel the market growth in the near future. However, the segment for precipitated silica garners the largest share owing to the high usage of sodium silicate for producing silicone rubber compounds.

sodium silicate market Graph

Global Sodium Silicate Market Regional Synopsis

On the basis of geographical analysis, the global sodium silicate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific region is estimated to grab the largest market share and witness noteworthy growth over the forecast period. Moreover, since the last few years, APAC has observed an increase in awareness regarding hygiene and sanitation. Currently, more people are using soaps and detergents of which, sodium silicate is an important constituent. As a result of a large population of this region, the demand for detergents is also assessed to grow, which is expected to boost the growth of the market in the near future. Furthermore, Europe is expected to be the second most prominent market for sodium silicate during the forecast period attributing to the growing demand for sodium silicate in paper & pulp and a strong presence of healthcare industries in the region. The paper recycling rate in Europe increased to more than 72% in 2019, up from 68% in 2019CLICK TO DOWNLOAD SAMPLE REPORT

Sodium Silicate Market Share Image

The global sodium silicate market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the sodium silicate market includes the following segments:

By Application

  • Detergents
  • Precipitated Silica
  • Catalysts
  • Pulp & Paper
  • Elastomers
  • Food & Healthcare

By Form

  • Solid
  • Liquid

Growth Drivers

  • Growing Demand for Green Tires in Developed Economies
  • Increasing Awareness on Hygiene and Sanitation

Challenges

  • Fluctuating Costs of Raw Materials for Producing Sodium Silicate
  • High Transportation Cost of the Product

Top Companies Dominating the Market

  • Desmet Ballestra Group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • PQ Corporation
  • Occidental Petroleum Corporation
  • Tokuyama Corporation
  • Nippon Chemical Industrial CO, LTD
  • BASF SE
  • Kiran Global Chem Limited
  • Sinchem Silica Gel Co., Ltd
  • Industrias Químicas del Ebro, S.A.
  • CIECH S.A.

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved