Sodium Silicate Market | CAGR of 4.4% | Global Forecast to 2022

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Sodium Silicate Market

The sodium silicate market is driven by the rising demand for sodium silicate from applications such as detergents, precipitated silica, construction, pulp & paper, water treatment, metal casting, and food preservation.

Report sodium silicate market size was valued at USD 8.55 Billion in 2016 and is projected to reach USD 11.03 Billion by 2022, at a CAGR of 4.4% between 2017 and 2022. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022.

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The objectives of the report are as follows:
1. To define, describe, and forecast the market size of sodium silicate in terms of value and volume
To provide information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
2. To analyze and forecast the market size on the basis of form and application
3. To forecast the market size for different segments with respect to five main regions, namely, North America, 4. Europe, Asia Pacific (APAC), South America, and the Middle East & Africa
5. To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market

Solid sodium silicate is estimated to be the largest form of sodium silicate

Solid sodium silicate is the largest form of sodium silicate produced. It suitable for a wide range of applications such as manufacturing of refractories, ceramics, and firestop devices due to its easy and low-cost transportation and storage compared to liquid sodium silicate. Most of the solid sodium silicate is converted into the liquid form by dissolving in water for use in applications such as detergents, precipitated silica, pulp & paper, and water treatment.

Asia Pacific accounts for the largest share of sodium silicate market

Asia Pacific is estimated to be the largest market for sodium silicate. China is estimated to be the leading market for sodium silicate in Asia Pacific. India, Japan, and South Korea are the other major countries contributing to the growth of the sodium silicate market in the region. The increasing demand for sodium silicate from applications such as detergents and construction is expected to drive the sodium silicate market in these countries.

The key companies profiled in the sodium silicate market research report are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).