Press release
Global Liquid Sodium Silicate Market to Witness Stellar Growth Rate in the Next 10 Years
The Liquid Sodium Silicate is a non-hazardous chemical which is used in many applications worldwide. The essential and diversified applications are churning out increasing demand for liquid sodium silicate. The liquid sodium silicate has several important unique properties which are not shared by other alkaline salts. Such valuable properties along with their low-cost results in their usage in several applications in diverse industries. The liquid sodium silicate is used in various industries as detergents, adhesives, binders, cement, ingredients in cleaning compounds, different coatings, anticorrosives, deflocculants, catalyst bases, chemicals, etc. The unique properties and functional characteristics of liquid sodium silicate can be used to resolve many problems arising in chemical and industrial processes efficiently and economically.
Liquid Sodium Silicate Market: Drivers and Restraints
The growth in the demand for adhesives in paper and pulp and cement industry is projected to drive the growth of liquid sodium silicate market over the forecast period. The liquid sodium silicate market is highly competitive due to the presence of many manufacturers with large capacities globally. The increasing use of liquid sodium silicate as an adhesive in numerous manufacturing applications is driving the liquid sodium silicate market. The liquid sodium silicate is used to bind fiber drums, cores of paper towel and toilet tissues, paperboard laminates, etc. Most of the manufacturers prefer to use liquid sodium silicate because of it is low-cost, environment-friendly and non-toxic. The availability of raw material such as silica sand, soda ash, and rice husk is expected to fuel the growth of liquid sodium silicate market over the forecast period. The final cost of the liquid sodium silicate depends upon the factors such as raw material cost, operational cost, and transportation cost. The liquid sodium silicate finds a side application if rubber and tire manufacturing industry as a filler. The development in the automotive sector and rapid growth in APEJ region is expected to drive the elastomers segment over the forecast period.
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The high transportation cost coupled with the increasing raw material cost associated with liquid sodium silicate is expected to hamper the gross margins of the key manufacturers over the forecast period. However, several innovations in the manufacturing processes to replace the conventional raw material with substituents such as rice husk are likely to compel entry of new market players over the forecast period.
Liquid Sodium Silicate Market: Segmentation
On the Basis of Application, Liquid Sodium Silicate market is segmented into:
Detergents
Catalysts
Food & healthcare
Elastomers
Pulp & paper
Others
Liquid Sodium Silicate Market: Region Wise Outlook
The global Liquid Sodium Silicate market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). The APEJ region is expected to dominate the global liquid sodium silicate market over the forecast period. China dominated the APEJ liquid sodium silicate market due to the increase in soap and detergent industry in this area. The demand for liquid sodium silicate market is expected to grow at a moderate rate in North America region owing to the over capacity of the region. Detergents are the largest segment in North America region which is likely to create the demand for liquid sodium silicate over the forecast period. The sodium silicate market in Western Europe region is supposed to be driven by the growth in demand for this product from food, paper and pulp, oral care, and healthcare industry. The growing concern towards the use of recycled paper is expected to drive the liquid sodium silicate market growth in paper and pulp bleaching industry over the forecast period.
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Liquid Sodium Silicate Market: Key Players
Liquid Sodium Silicate market has several global operators, some of the major stakeholders among them include
PQ Corporation
OxyChem Corporation
R. Grace & Company
PPG Industries, Inc
BASF SE
M. Huber Corporation
Glassven C.A.
Aromachimie
Company Ltd.
MALPRO SILICA PRIVATE LIMITED
Agrigenic Chemicals, Inc.
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