The global sodium silicate market is expected to reach USD 7.60 billion by 2024, growing at 3% CAGR, according to a new report by Grand View Research, Inc. Liquid sodium silicates have high potential to perform in critical applications such as de-lignification, waste paper de-inking and pulp brightening. Increasing demand for the product as a concrete sealer is expected to drive industry growth. International trade of liquid products is limited by the cost of transportation rather than production costs. As a result, the majority of the liquid sodium silicate manufacturers captively consume the product for the manufacturing of silica derivatives such as zeolites and precipitated silica.
The pricing strategy of sodium silicate is driven by the quality, and grade of the product. As a result, industry players are likely to invest more in R&D to reduce product cost and enhance product quality to gain the market share. Furthermore, the industry players are adopting expansion and integration strategies to establish themselves in the global market. Innovation in the manufacturing process to use bio-based raw material and reduce overall energy consumption is expected to be a key factor for manufacturers.
Fluctuating raw material prices and strong foothold of existing players in the industry is expected to be a key challenge for new entrants. However, the scope for development in niche application areas such as welding, cement, agriculture, and the food is likely to open new avenues for the industry growth.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/sodium-silicate-market
Precipitated silica demand estimates and forecasts, 2013 - 2024 (Kilo tons)
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Pulp & paper accounted for over 10% of the
total demand and is expected to grow at a CAGR of 2% from 2016 to 2024. Sodium
silicates are an important ingredient for hydrogen peroxide bleach liquors. It
helps to maintain pH of peroxide solution at desired level, thus improving the
overall efficiency of the solution. Growing demand for the product in pulp
beaching industry for deactivating various metals including manganese, iron and
copper are expected to have a positive impact on the industry growth over the
forecast period.
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The sodium silicate demand in Asia Pacific was
valued over USD 2.20 billion in 2015 and is expected to grow at a CAGR of 4%
from 2016 to 2024. The demand in the region is dominated by the detergent
application. Growing population, and increasing consumer health and hygiene
trends has resulted in the growth of soap and detergent industry in the region,
which is expected to have a positive impact on the market growth over the
forecast period.
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The industry, particularly North America and
Europe in is highly competitive owing to the over production capacities than
adequate demand. PQ Corporation is the major manufacturer for sodium silicate
and holds the highest share in the global market.
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Asia Pacific, especially China dominates the
industry in terms of production. However, the production capacities are split
among many small scale companies. The presence of numerous manufacturers with
high production capacities and wide distribution channel is expected to pose a
barrier for small-scale and emerging industry players.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/green-building-materials
Grand View Research has segmented the sodium silicate market on the basis of application and region:
Sodium Silicate Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
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Detergents
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Catalysts
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Pulp & paper
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Elastomers
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Food & healthcare
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Others
Sodium Silicate Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2013 - 2024)
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North America
o
U.S.
o
Canada
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Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
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Central & South America
o
Brazil
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Middle East & Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-sodium-silicate-market
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