With a CAGR of 4.0%, the sodium silicate market is projected to increase from its current value of USD 8.5 billion in 2023 to USD 12.6 billion by the end of 2033. With a roughly 24.3% global market share, it dominates the detergent sector.
Silica and sodium carbonate, sometimes called water glass, combine to form sodium silicate. It helps regulate the PH value and is most often used in soap and detergent production. Sodium silicate market has seen steady growth over time, owing to expanding demand from the infrastructure and building sectors. Numerous end-use applications, including adhesives and coatings, are suitable for sodium silicate.
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Recent Trends
- Growing Demand in Construction Industry: Sodium silicate, also known as water glass, finds significant applications in the construction industry. It is commonly used as a cement additive, binder, and in the manufacturing of fire-resistant and heat-resistant materials. The increasing construction activities worldwide are expected to drive the demand for sodium silicate.
- Rising Environmental Concerns: Sodium silicate is known for its environmentally friendly properties. It is biodegradable and has low toxicity, making it a preferred choice in various industries. As environmental regulations become more stringent, the demand for eco-friendly alternatives like sodium silicate is likely to increase.
- Increasing Adoption in Detergent and Cleaning Products: Sodium silicate is utilized in the formulation of detergents and cleaning products, where it acts as a corrosion inhibitor and a builder. With the rising awareness about cleanliness and hygiene, the demand for detergent and cleaning products is expected to grow, thereby driving the demand for sodium silicate.
- Advancements in Manufacturing Processes: Manufacturers are focusing on developing improved and efficient manufacturing processes for sodium silicate. This includes the development of new technologies and techniques to enhance the quality, consistency, and cost-effectiveness of sodium silicate production.
- Emerging Applications: Sodium silicate is finding new applications in various industries, such as automotive, textiles, electronics, and water treatment. For example, it is used as a coolant binder in foundries, as a flame retardant in textiles, and as a flocculant in wastewater treatment. The exploration of these emerging applications may contribute to the growth of the sodium silicate market.
- Regional Market Growth: The demand for sodium silicate varies across different regions. Developing countries, particularly in Asia-Pacific, are experiencing rapid industrialization and urbanization, which is driving the demand for sodium silicate. Additionally, regions with a strong presence of the automotive, construction, and detergent industries are expected to witness significant growth in the sodium silicate market.
Competitive Landscape
The world’s leading sodium silicate manufacturers are working to increase their production capacity to meet growing demand from the construction, paper and pulp industries. Manufacturers are also looking to adopt a merger and acquisition strategy that can help them increase their production capacity as well as their presence in untapped markets.
- In August 2021, Cerberus Capital Management and KOCK Minerals Trading completed a partnership with PQ Corporation Holdings. Closing of the transaction makes PQ the world’s leading independent producer of sodium silicate.
In a recently published report, Fact.MR provided detailed information on price points, revenue growth, capacity, and speculative technology expansions for major sodium silicate manufacturers located across geographies.
Market Players: –
- Citi Group
- hindcon
- PQ Corporation
- STPP group
- ankit silicate
- Shanti Chemical Works
- SBS Philippines Corporation
- captain industries
- ATDM
- Alumina DOO Zvornik
- CIEC group
- Kiran Global Chemical Limited
- Sil Macao
Sodium Silicate Industry Research Segmentation
- By form:
- By function:
- End Use:
- By region:
How is sodium silicate applied in the production of adhesives to promote?
Sodium silicate adhesives are used to bond materials and surfaces such as paper, mineral wool, mica, wood, etc. Sodium silicate is used in adhesive production. Therefore, the thriving demand for adhesives requires more sodium silicate for manufacturing, thus driving the sodium silicate market growth.
End-user adhesives are projected to grow at a CAGR of 3.4% during the forecast period, reaching a value of USD 1.2 billion by the end of the forecast period.
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