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Sodium silicate Market to expand US$11.5 Bn by 2024

Sodium Silicate Market

Sodium Silicate Market

An innate sub-domain of the specialty chemicals ecosystem, global sodium silicate market, has potentially carved its name in the billion dollar league, given the humongous demand for this chemical compound across an expansive end-user domain. Considering its low cost and ease of use, the product is currently deployed as an adhesive, detergent, cleaning compound, binder, and anticorrosive agent in myriad sectors. In fact, the compound’s expansive and almost all-encompassing presence has enabled sodium silicate industry to maintain a constant growth graph over a while now.

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Research and development programs- a pathway to industry progression

With constant research and development programs being conducted worldwide to expand the area of application of the compound, it is quite overt that sodium silicate market would continue to uphold its lucrative position over the timespan of 2017 to 2024. Citing an instance of the same where sodium silicate can indirectly support development of the research programs, it is essential to state the mention of Department of Science and Technology- PCIEERD’s recent announcement of offering a total of PHP800,000 grant to 9 teams of student researchers in the country. One such team which is looking forward to leveraging the benefit of these grants is University of Mindanao.

As per reliable sources, the researchers plan to create self-healing smart concrete to minimize the chances of cracks in cement based products. This is planned to be achieved from synthesizing nanocellulose and nanosilica from durian rinds together with sodium silicate. Such initiatives would offer a positive growth path to the overall sodium silicate market space in the years to follow.

Insights into the unprecedented applications of sodium silicate

• Sodium silicate for strong adhesion

Among distinctive use of sodium silicate market, it would be pivotal to point to the fact that sodium silicate is known to effectively function as a superior adhesive. Adoption of this product as an adhesive has offered an impetus to the annual growth of sodium silicate business space. Sodium silicate adhesives boast of an intrinsic ability to easily expand and contact surface, forming a rigid layer which is permanent, wear and tear resistant, and even possesses the capacity to withstand extreme heat conditions and water. Compatibility of these compounds as adhesives on varied range of substances like metal, paper, and wood, has undeniably produced a demand spurt on a much larger scale.

• Use as catalyst in biodiesel synthesis
One of the prominent applications of sodium silicate today is its effective use as catalyst for synthesis of biodiesels; a product that has currently gained high acclamation as a sustainable fuel. Amidst the backdrop of a landscape where the lookout for substitute of fuel sources has become a race against time, producing biodiesels through the transesterification of organic materials has become quite common.

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In an effort to simplify the process, sodium silicate is generally used as an effective catalyst, which has significantly stimulated the industry outlook. Elaborating further, as biodiesels would continue to attain increased application in energy production and generation, sodium silicate market trends would continue to observe a dynamic transformation in the near future.

In a nutshell, a powerful application spectrum of sodium silicate market would rather prove to be beneficial for the commercialization graph of the overall industry space over the next few years. With vivid chemical companies working toward expanding the application scope of this compound, in line with innumerable research and development programs being conducted to explore the further prospective product applications, overall sodium silicate market is forecast to reach a mammoth valuation of USD 11.5 billion by the end of 2024.

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https://www.globenewswire.com/news-release/2020/04/01/2010390/0/en/Titanium-Dioxide-Market-is-slated-to-surpass-27-billion-by-2026-Says-Global-Market-Insights-Inc.html

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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