Sodium Silicate Market: Hitting New Heights between the Forecast Period 2020 -2026 | Evonik Industries AG, Solvay SA, PQ Corporation, and more.

The global sodium silicate market is expected to reach USD 11.84 Billion by 2026, according to a new report by Reports and Data. This is due to increasing demand for sodium silicates from the end-user industries. An increase in demand for adhesives & sealants in the paper & pulp and construction industry is estimated to drive the growth of the market in the upcoming years. There is a stiff competition in the market owing to the presence of several manufacturers with large capacities worldwide. The increasing use of sodium silicates as an adhesive/sealant in various manufacturing applications are driving the product demand.

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Escalating deployment of sodium silicate in detergents owing to its excellent emulsifying and high buffering property is expected to propel the market demand in the forecast period. Also, increasing awareness for a healthy lifestyle among the consumers, coupled with rising per capita income is stimulating the development of the market. Besides, the growing paper industry due to increasing use of paper towels, and tissue paper, among others are likely to boost the product demand.

Companies considered and profiled in this market study
Evonik Industries AG, Solvay SA, PQ Corporation, BASF SE, CIECH Group, W.R. Grace & Company, Tokuyama Corporation, Sinchem Silica Gel Company Ltd., Shangyu Huachang Industrial Co., and PPG Industries Inc., among others.

Further key findings from the report suggest

1. By product form, solid sodium silicate held a larger market share in 2018 and is expected to grow at a rate of 4.2% in the forecast period. It is used in a wide variety of applications, including detergents & soaps, pulp & paper, adhesives & sealants, gels & powders, and water treatment, among others.

2. By application, detergent contributed to the largest market share in 2018 and is expected to witness a growth rate of 3.4% in the forecast period. Sodium silicate is used as a building agent in many commercial detergents, owing to its benefits to prevent mineral deposits on surfaces after washing by eliminating water hardness.

3. The Asia Pacific region dominated the market in 2018 and is projected to grow at a rate of 4.3% in the forecast period. This is primarily due to the growth in building and construction activities coupled with the increasing use of detergents in the region. Also, an increase in the purchasing power parity of the consumer due to rise in the level of disposable income of people is expected to drive the product demand in the region.

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For the purpose of this report, Reports and Data have segmented the global sodium silicate market on the basis of product form, application, industry vertical, and region:
Product Form Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Liquid Sodium Silicate
Solid Sodium Silicate

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Adhesives & Sealants
Elastomer
Detergent
Flocculants
Catalyst
Others

Industry Vertical Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Consumer Products
Automotive
Building & Construction
Food & Beverage
Oil & Gas
Others

Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
North America
Europe
Asia Pacific
Latin America
MEA

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