PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1437793
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1437793
Fairfield Market Research, a leading provider of market intelligence, has released a comprehensive report projecting the growth trajectory of the global liquid sodium silicate market from 2024 to 2031. According to the report, the market is expected to grow at a moderate CAGR of 6.0%, reaching a market size of US$ 5.1 Billion by the end of the forecast period. The report highlights the significant role of liquid sodium silicate in various industries, particularly in detergents and cleaning compounds, as a key driver fueling market expansion.
Diverse Applications Drive Demand for Liquid Sodium Silicate
Liquid sodium silicate, renowned for its diverse applications and advantageous properties, is witnessing a surge in demand across multiple industries globally. Its affordability and unique characteristics make it an indispensable component in industries such as detergents, adhesives, cement, coatings, and more. The report underscores the pivotal role of liquid sodium silicate in minimizing corrosion and alkali attacks in detergent compositions, thus driving its usage in the detergent and soap production sector.
Adhesive Nature Expands Opportunities in Construction Industries
The adhesive nature of liquid sodium silicate is creating significant opportunities in the construction industry. As an excellent bonding agent, it finds extensive use in sealing fiberboard boxes and as an adhesive in various construction applications. The report highlights its ability to enhance cement properties, including heat resistance and waterproofing, thereby augmenting its demand in the construction sector.
Market Growth Hindered by Inherent pH Properties
While the liquid sodium silicate market is poised for growth, inherent properties such as its acidic pH pose challenges. With pH levels ranging from 11.2 to 12.7, liquid sodium silicate can cause irritation to mucous membranes, skin, and eyes. The report emphasizes the importance of handling sodium silicate with care due to its potential adverse effects, which could hamper market growth.
Segment Analysis: Molar Ratio and Applications
The report provides insights into the market segmentation based on molar ratio and applications. The 1.6 to 2.8 (alkaline) segment dominates the market share owing to its extensive usage in detergents and soap production. Additionally, the detergent segment remains a prominent application segment throughout the forecast period, holding around 40% of the market share.
Regional Insights: Growth Opportunities and Market Dynamics
East Asia and South Asia emerge as regions with significant growth opportunities in the liquid sodium silicate market, collectively holding around 50% of the global share by 2031. The report attributes this growth to the rapid industrialization and growing economies in these regions. Meanwhile, North America remains a prominent market, driven by increasing demand from various end-use industries such as construction and textiles.
Competitive Analysis: Consolidation and Strategic Initiatives
The global liquid sodium silicate market experiences consolidation due to the dominance of leading players and their expansion plans. Companies are focusing on product launches, acquisitions, and strategic partnerships to enhance profitability and maintain positive relationships with customers. Recent developments, such as Cerberus Capital Management's acquisition of the Performance Chemicals business and Solvay's investment in circular highly dispersible silica production, underscore the industry's dynamic nature.
Liquid Sodium Silicate Market Segmentation