PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1667629
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1667629
The market for sodium silicate is approximated to be USD 5.50 billion in 2024, and it is projected to reach USD 6.83 billion by 2029 at a CAGR of 4.4%. The growing demand for sodium silicate is driven by its application in detergent manufacturing, as a fundamental ingredient because of its cleaning and emulsifying nature. The growth of construction activities also propel its application in cement and adhesives from its ability to form a strong bind and strengthen surfaces. Sodium silicate is also used by the pulp and paper industry for bleaching, de-inking, and sizing. Tough environmental laws also favor its increasing use in wastewater treatment and purification. All these combined are driving the increasing demand for sodium silicate in various industries.
Scope of the Report | |
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Years Considered for the Study | 2019-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million) |
Segments | Form, Application, and Region |
Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and South America |
By Form, Liquid sodium silicate accounted for the highest CAGR during the forecast period
The liquid sodium silicate segment has the highest CAGR in the forecast period due to its higher solubility, application ease, and process efficiency. Its growing use in detergents, adhesives, and water treatment chemicals has been a significant driver, particularly in rapidly industrializing regions. In the construction industry, liquid sodium silicate is used for densification of concrete and surface treatment because it has the property to increase durability as well as resistance. Its growing application in the pulp and paper industry for de-inking and coatings has also driven demand further. Growth in the segment is also being facilitated through developments in formulation technologies, which allow for improved performance in a range of industries.
By Application, Precipitated silica accounted for the highest CAGR during the forecast period
The precipitated silica segment registered the highest CAGR in the forecast period due to its expanding applications in the rubber, food, and personal care sectors. Its growing applications as a tire reinforcing agent on account of growing demand for fuel-efficient and high-performance tires has been a strong market growth contributor. Precipitated silica finds extensive application in the food industry as an anti-caking agent in powdered and granulated form. Furthermore, its use as a thickener and conditioner in cosmetics and personal care products has increased demand. Improved production processes for silica and increased investments in specialty-grade precipitated silica also favor the growth of the segment at a fast pace.
APAC is projected to account for the highest CAGR in the sodium silicate market during the forecast period
The Asia Pacific region is expected to have the highest CAGR within the sodium silicate market over the forecast period because of the region's robust base of manufacturing, growing foreign investments, and developments in production technologies. Economies such as China, India, and Japan are experiencing chemical processing facilities expanding, thereby resulting in increased sodium silicate consumption. Favorable government policies, lower production costs, and easy availability of raw materials further support market growth.
Companies Covered: PQ Corporation (US), Qemetica (Poland), Nippon Chemical Industrial Co., Ltd. (Japan), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), FUJI CHEMICAL Co., Ltd. (Japan), IQE Group (Spain), Oriental Silicas Corporation (Taiwan), Evonik Industries AG (Germany), and Metro Chem Industries (Ahmedabad) are some key players in sodium silicate Market.
Research Coverage
The market study covers the sodium silicate market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on form, application, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the sodium silicate market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall sodium silicate market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the sodium silicate market