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Expansion of Sodium Aluminum Silicate Market During 2017-2027 to Gain Robust Traction

07-31-2018 09:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Expansion of Sodium Aluminum Silicate Market During 2017-2027

Sodium Aluminum Silicates are inert, non-toxic, synthetic amorphous, white colored and odorless chemical compounds which are acidic salts containing sodium, silicon, oxygen and aluminum. Generally, Sodium Aluminum Silicates occur naturally or are synthetically manufactured and find applications mostly in food and paints & coatings applications. Sodium Aluminum Silicates as food additive can be used as anti-caking agent and free flow agent that helps to avoid clumping of food or in preventing formation of lumps. Also, sodium aluminum silicates absorbs the excess moisture content. Further, sodium aluminum silicates are also used as pigments owing to their high degree of white color. These are used in production of waterborne & solvent based paints, lacquers and printing inks, among others. Sodium aluminum silicates appeared to be effective extenders for titanium oxide in paint & coatings applications. Also, sodium aluminum silicates are used in agrochemicals, pharmaceuticals, rubber & rubber processing industry as free flowing and carrier agents and reinforcing fillers, among others. Also, Sodium Aluminum Silicates are available in various grade, depend upon its usage such as food, pharmaceuticals, technical, etc.

Global Sodium Aluminum Silicate Market: Dynamics

Growing demand for anticaking or free flowing agents in food industry especially in manufacture of seasonings, spices and powdered food products, etc. is expected to drive the growth in demand for sodium aluminum silicates over the forecast period. Moreover, growing population coupled with increasing demand for packaged food products is expected to help drive the demand for Sodium Aluminum Silicate in food industry. Hence, demand for Sodium Aluminum Silicate is expected to increase steadily with the growth of food industry. Furthermore, Sodium Aluminum Silicate is used as white pigment and extender for TiO2 in paints & coatings industry. Thus, rising demand for white pigment in paints & coatings applications is, in turn, expected to boost the demand for Sodium Aluminum Silicate. Another important application of sodium silicate is that in production of adhesives. Exceptional properties exhibited by sodium silicate render it ideal for certain application specific adhesives and cements. Moreover, increasing demand from agricultural applications is anticipated to help boost the market growth. Apart from this, FDA regulations pertaining to the usage in food application may impede the growth of sodium aluminum silicate market, especially in developed regions.

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Global Sodium Aluminum Silicate Market: Segmentation

On the basis of by type, global Sodium Aluminum Silicate market is segmented into;

Natural

Synthetic

On the basis of by grade, global Sodium Aluminum Silicate market is segmented into;

Technical grade

Food grade

Pharma grade

On the basis of by Application, global Sodium Aluminum Silicate market is segmented into;

Paints & coatings

Food & Beverages

Printing Inks

Rubber Processing

Others

Global Sodium Aluminum Silicate Market: Regional Outlook

Sodium aluminum silicates market is mainly dominated by APAC region especially China, and India. China is expected to account for a significant share in overall global sodium aluminum silicate market in terms of production and consumption owing to significant demand from paints & coatings and food industry. Further, steady growth in food & beverages, paints & coatings, agrochemicals and rubber industry in APAC region is expected to help strengthen the region’s dominance in the market. Market in APAC is expected to register a healthy CAGR over the forecast period. Further, North America followed by Europe is expected to account for significant share in global sodium aluminum silicate market. It is anticipated that the Sodium Aluminum Silicate market in North America and Europe will register relatively slower growth as compared to that in Asia Pacific region over the forecast period. Apart from this, the stringent regulations in these region are likely hamper the growth of sodium aluminum silicate market. Sodium aluminum silicate market in Latin America and Middle East & Africa (MEA) is expected to register steady growth.

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Global Sodium Aluminum Silicate Market Participants

Some of the market participants in the global Sodium Aluminum Silicate market, identified across the value chain, include Huber Engineered Materials, Evonik Industries, IQE group, Glassven C.A., Shinya Chem, and Gujarat Multi Gas Base Chemicals Pvt. Ltd., among others.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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