Sodium Silicate Market Achieves Remarkable US$ 9370.78 million by 2030 Valuation, Bolstered by Steady CAGR of 3.7%.

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The sodium silicate market is a segment of the chemical industry that involves the production and distribution of sodium silicate, also known as water glass. Sodium silicate is a compound derived from silica and sodium carbonate, and it is available in various forms such as solid granules, powders, or liquids. Sodium silicate has diverse applications across several industries due to its unique properties. It is primarily used as a binder, adhesive, and sealant in the manufacturing of products like cement, ceramics, foundry molds, and refractory materials. It also finds applications in the construction industry as a concrete additive for enhancing strength and durability.

Another significant application of sodium silicate is in the production of detergents and soaps. It acts as a corrosion inhibitor and alkaline buffer, making it suitable for laundry detergents, dishwashing detergents, and industrial cleaners. The automotive industry utilizes sodium silicate as a coolant additive and a binding agent in the production of automotive components. It helps in reducing engine heat and increasing the lifespan of cooling systems.

The report “ Global Sodium Silicate Market, By Form (Solid Sodium Silicate and Liquid Sodium Silicate), By Application (Catalysts, Pulp & Paper, Detergents, Elastomers, Food & Beverages and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis, and Forecast till 2030”

Analyst View:

Increasing Demand from Construction Industry: The construction industry is a major consumer of sodium silicate, particularly in the production of cement and concrete. The growing construction activities, infrastructure development, and increasing demand for eco-friendly construction materials are driving the demand for sodium silicate in this sector.

Rising Application in Detergents and Soaps: The demand for sodium silicate in the detergent and soap industry is on the rise. Sodium silicate acts as a builder and an effective cleaning agent, leading to its extensive use in laundry detergents and dishwashing detergents. The growing awareness regarding cleanliness and hygiene is fueling the demand for these products, thereby boosting the sodium silicate market.

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Key Market Insights from the report:

The Global Sodium Silicate Market accounted for US$ 6,489.13 million in 2020 and is estimated to be US$ 9370.78 million by 2030 and is anticipated to register a CAGR of 3.7%. The Global Sodium Silicate Market is segmented based on the form, application, and region.

  • By form, the Global Sodium Silicate Market is segmented into Solid Sodium Silicate and Liquid Sodium Silicate.
  • By Application, the Global Sodium Silicate Market is segmented into Catalysts, Pulp & Paper, Detergents, Elastomers, Food & Beverages and Others.
  • By region, the Global Sodium Silicate Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is the worldwide leader in the sodium silicate market in terms of revenue.

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Competitive Landscape:

The key players operating in the Global Sodium Silicate Market includes:

  • PQ Corporation
  • CIECH Group
  • Nippon Light Metal Co., Ltd.
  • American Elements
  • Occidental Petroleum Corporation
  • PPG Industries Inc.
  • Merck Millipore Limited
  • Tokuyama Corporation
  • Evonik Industries AG.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Questions by Sodium Silicate Market:

  1. What are the key market trends and market dynamics?
  2. Who are the major players in the market and what is their market share?
  3. What is the competitive landscape like in the market?
  4. What are the major drivers and restraints affecting the market?
  5. What are the growth opportunities in the market?
  6. What are the regional and local market conditions and consumer behavior?
  7. What is the market size and growth forecast for different regions and countries?
  8. What is the impact of government regulations and policies on the market?

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