LOS ANGELES, Jan. 14, 2019 (GLOBE NEWSWIRE) — In a new report published by QY Research, the global sodium fluorosilicate market is predicted to expand at a robust CAGR of 8.0% during the forecast period 2018-2025 to secure a valuation of US$ 240 Mn by the end of 2025. According to report bearing the title “Global Sodium Fluorosilicate Market Insights, Forecast to 2025” the market was worth a US$ 131 Mn in 2017. In the same year, the global production of sodium fluorosilicate was 360.8 K MT, which increased from 253.3 K MT reached in 2013 at a healthy CAGR of 9.25%.
The future demand for sodium fluorosilicate could be best indicated by the overall economic performance. General economic conditions are forecast to largely impact the demand in most downstream markets. Therefore, certain patterns of the leading world economies are foretold to influence the demand.
Global Sodium Fluorosilicate Market: Drivers
- High use as an insecticide in agriculture
- Rising adoption as a water glass binding agent and coagulant in the refractory material industry
- Increased use in consumer products such as water treatment, paints and coatings, and dishwashing and laundry
- Important use in fluoridation
- Industrial use in solvents and processing aids
Global Sodium Fluorosilicate Market: Restraints
- Risk of side effects such as skin and eye irritation, rashes, and burning sensation
- Risk of fluorosis caused due to repeated high exposure to sodium fluorosilicate
- Stringent regulations related to the use of and exposure to sodium fluorosilicate
Global Sodium Fluorosilicate Market: Forecast by Type and End User
By type of product, the global sodium fluorosilicate market is categorized into three segments, i.e. ≥99% purity, 97%-99% purity, and others.
On the basis of end user, the analysts segment the global sodium fluorosilicate market into fluoride chemical, refractory material, cement additives, glass industry, enamel industry, and others.
The report studies all of these segments of the global sodium fluorosilicate market in terms of growth rate, share, consumption, and other crucial factors.
Global Sodium Fluorosilicate Market: Forecast by Region
In 2017, China took the lead in the global sodium fluorosilicate market followed by Europe. The country witnesses the presence of the most number of sodium fluorosilicate manufacturers. The Chinese government closing inefficient additional facilities and the simultaneous development of new production lines are envisaged to boost to the China sodium fluorosilicate market.
Besides China and Europe, the report includes other regions and countries: the MEA, Central and South America, India, Southeast Asia, Japan, and North America. Developing markets are anticipated to show quicker growth, whereas developed markets are projected to exhibit a decent rise in the coming years.
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Global Sodium Fluorosilicate Market: Key Players
The global sodium fluorosilicate market marks the presence of top manufacturers such as Hubei Yihua Chemical, Xinfudi Keji, and Sinochem Yunlong. According to the report, Kailin is a world market leader that collected a 16.34% share of the market in 2017. In the same year, its production reached 59.6 K MT.
China includes key players of the sodium fluorosilicate market such as Yunnan Yuntianhua, DFD Chemical, and Fluorine Industry Environmental besides Kailin. In the U.S., KC Industries accounts for an absolute share of the market. Some of the important European manufacturers are Derivados del Flúor and Prayon SA.
Global Sodium Fluorosilicate Market: Competitive Analysis
Integration between companies and mergers are important mainstream market development trends that players need to take note of. Fierce competition in the global sodium fluorosilicate market gave shape to the low price trend observed in the past five years. However, sodium fluorosilicate has started to rebound since the past couple of years due to increasing raw material prices and environmental pressure.
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