Sodium Silicate Market Trends 2018: Strategies, Industry Size, Region and Segment, Historic and Forecast Growth To 2023
Sodium Silicate Market Segmentation:
The global sodium silicate market is segmented into applications, end-use industry, and region.
On the basis of the application, the global sodium silicate market is divided into detergents & soaps, water treatment, adhesives, construction material, coating, and others.
Based on the end-use industry, the global aluminum honeycomb market is segmented into building & construction, paper & pulp, chemicals, healthcare, food & beverages, and others.
Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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- PQ Corporation (U.S.),
- Evonik Industries (Germany),
- BASF SE (Germany),
- W.R. Grace & Company (U.S.),
- Ciech S.A. (Poland),
- Silmaco NV (Belgium),
- Oriental Silicas Corporation (Taiwan),
- Aromachimie Ltd. (UK),
- Nippon Chemical Industrial CO., LTD. (Japan),
- Solvay (Belgium),
- Occidental Petroleum Corporation (U.S.),
- PPG Industries, Inc. (U.S.)
Sodium silicate finds application in detergents & soaps, adhesives, coating, construction material, water treatment, and others. Rising demand for water desalination and purification is augmenting the market growth further. The product is increasingly used as a binder in cement as a result of its ability to resist acid and water. Growing building and construction industry is driving the market growth due to corrosion and high-temperature resistance. Sodium silicate consumption in the food and beverages industry is rising as an anticaking agent.
Sodium silicate is widely used in detergents & soaps due to its ability to maintain the pH value of the detergents solution on dilution. Thus, it is increasingly used in detergents for washing dishes, dairy equipment, and textile processing, laundering, and de-inking paper. Additionally, its use in the paper industry is witnessing growth to some extent due to easy surface wetting, viscosity, and high strength.
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Geographically, the global sodium silicate market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific was the largest market in the global sodium silicate market in 2016 and is expected to grow significantly over the forecast period. Rising urbanization and growing construction industry in the developing countries such as India, China, and Thailand are driving the market growth in this region. Government support and increasing investment by the private players in the infrastructure activities in India is expected to drive the product demand. Furthermore, changes in the real estate regulations by the China government and easy credit availability are stimulating the growth of the construction industry. The product consumption is largely driven by the paper & pulp industry as a result of increasing use of recycled paper for reducing the environmental issues. Increasing demand for water and wastewater treatment in India and China due to rising population and growing industrialization are propelling the market growth.
North America is another prominent region in the sodium silicate market due to the growing construction industry. In the U.S., private construction spending reached to around USD 824 billion in 2015. Initiation of new construction projects in New York such as a hard rock hotel and casino in Atlantic City is expected to boost the product demand in this region.
Europe is expected to grow at a staggering rate in the sodium silicate market owing to the development of new construction techniques such as the use of drones to supervise projects in less accessible areas. Furthermore, the product demand is surging from the wastewater treatment plants owing to the rising environmental concerns in this region.
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