Albany – NY, Nov. 14, 2017 (GLOBE NEWSWIRE) — Transparency Market Research has released a new market report titled “Sodium Silicate Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.” According to the report, the global sodium silicate market was valued at US$ 4.9 Bn in 2016 and is projected to reach US$ 5.81 Bn by 2025 at a CAGR of 1.92% from 2017 to 2025.
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Sodium silicate, commonly called as liquid glass or water glass has been used in broad commercial and industrial applications. The global sodium silicate market is anticipated to grow significantly over the forecast period from 2016 to 2025 primarily due to rising demand in the end use industries like construction and tyre. The rising demand for environmental-friendly binders in the construction sector and the increasing demand for green tyres, are anticipated to drive the market during the forecast period. In 2016, based on application, silica manufacturing accounted for the largest share followed by detergents. The detergent segment is expected to slow down, owing to the advent of liquid detergents. However, the increasing uproar for waste paper recycling is likely to favor the use of sodium silicate as an adhesive, especially in corrugated fiber board products. The demand for the product in the catalytic application is anticipated to grow at a significant rate owing to high investment in the oil & gas refinery processing. However, rapid growth of construction, agriculture and waste water treatment sector across the emerging economies such as India, Brazil, and South Africa is expected to have a positive impact on demand. Liquid sodium silicate dominates the industry, accounting about 85% of the total production. Growing demand for the product in the manufacturing of precipitated silica, pulp & paper, elastomers, and catalyst applications is expected to drive growth. In addition, it has high demand as an adhesive and binder in the manufacturing industry. Precipitated silica is the largest application for liquid sodium silicate.
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Growing demand for sodium silicate to bind various products including corrugated board, angle boards, fiber drums, toilet tissues and paper napkins is expected to have a positive impact on the growth over the next eight years. Growing demand for waste paper recycling owing to increasing concerns towards the environment is expected to drive sodium silicate industry growth in the pulp and paper bleaching industry. However, sodium silicate demand in paper pulp and board manufacturing is expected to lose its market share slightly during forecast period due to deforestation and other regulations.
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Asia Pacific was estimated to have high market share in 2016, followed by Europe and North America. Latin America and Middle East & Africa are expected to be the key regions for sodium silicate during the forecast period, chiefly due to growing construction industry and the rising demand for rubber tyre in these regions. Growth of chemical industry and cosmetics & pharmaceutical application segments in developing regions is anticipated to be a key factor driving the propanol market in these regions.
Key industry players for sodium silicate include PQ Corporation, OxyChem Corporation, W.R. Grace & Company, and PPG Industries. Other players include Tokuyama, Nippon Chemical, Huber and Albemarle, etc. Demand-supply gap due to higher production volumes is expected to restrain entry of the new players.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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