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Sodium Silicate Market worth $8.63 billion by 2030, growing at a CAGR of 4.66% - Exclusive Report by 360iResearch
Sodium Silicate Market | 360iResearch
The Global Sodium Silicate Market to grow from USD 6.27 billion in 2023 to USD 8.63 billion by 2030, at a CAGR of 4.66%.
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Sodium silicate is a compound primarily used in various industrial applications due to its binding, adhesive, and detergent properties. It is produced by melting sand and sodium carbonate at high temperatures and is available in different forms, including liquid, solid, and powder. The market services a wide array of sectors, such as detergents, pulp & paper, construction, textile, and water treatment. Sodium silicate finds applications in numerous end-use industries. In the detergent sector, it is used as a buffering agent to maintain the pH of detergents. The construction industry utilizes sodium silicate as a cement binder and in the formulation of concrete. Expansion in end-use industries, including construction and personal care, directly impacts the demand for sodium silicate. Increased environmental awareness and regulations favor the use of sodium silicate in various applications due to its non-toxic nature. Growing urbanization in emerging economies drives demand in the construction and water treatment sectors. The development of substitute products that can perform the same functions as sodium silicate hampers market growth. Innovations in production and application methods that can lead to more efficient use of sodium silicate are expected to create opportunities for market growth.
In the Americas, the sodium silicate market is a highly developing landscape characterized by rising usage across various industrial and detergent sectors. Innovations in eco-friendly detergents and cleaners have buoyed the demand in this region. The Americas sees a continuous investment in research to develop applications in concrete and aggregates, enhancing the efficiency and sustainability of construction materials. The APAC region, spearheaded by China, India, and Japan, is the fastest-growing market for sodium silicate due to impressive industrial growth, an expanding automotive sector, and significant investment in infrastructure. China dominates in both production and consumption, driven by large-scale industrial activities and the availability of raw materials. India presents vast opportunities with its growing detergent and paper industries. Japan focuses on high-tech applications of sodium silicate, investing in research and development to discover innovative uses. The EMEA region exhibits a growing interest in sodium silicate for water treatment, detergents, and in the oil & gas sector. European countries are leading in implementing green initiatives, driving demand for sodium silicate in eco-conscious applications. Adopting regulations favoring less harmful industrial chemicals has bolstered the market in EU countries. The Middle East, with its robust oil and gas industry, utilizes sodium silicate for drilling purposes and to enhance the efficiency of operations. Africa, with its diverse economies, shows varied demand with a noticeable interest in improving water quality and construction, influencing sodium silicate market dynamics.
Market Segmentation & Coverage:
This research report categorizes the Sodium Silicate Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Form, market is studied across Liquid Sodium Silicate and Solid Sodium Silicate. The Liquid Sodium Silicate commanded largest market share of 66.74% in 2023, followed by Solid Sodium Silicate.
Based on Grade, market is studied across Alkaline and Neutral. The Alkaline commanded largest market share of 87.85% in 2023, followed by Neutral.
Based on Application, market is studied across Construction, Detergents, Food Preservation, Metal Casting, Paint & Adhesives, Precipitated Silica, Pulp & Paper, and Water Treatment. The Paint & Adhesives commanded largest market share of 22.04% in 2023, followed by Detergents.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.37% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Sodium Silicate Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Sodium Silicate Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Sodium Silicate Market, highlighting leading vendors and their innovative profiles. These include Alumina d.o.o. Zvornik, Ankit Silicate, BASF SE, C THAI Group, CIECH S.A., Coogee Chemicals Pty Ltd., Evonik Industries AG, Hindcon Chemicals Ltd., IQE Group, Kiran Global Chems Limited, Malpro Silica Private Limited, Merck KGaA, Nippon Chemical Industrial Co., Ltd., Occidental Petroleum Corporation, Oriental Silicas Corporation, PQ Group Holdings Inc., Quimialmel, S.A., Sahajanand Industries, Shaoxing Huachang New Material Co., Ltd., Shayona Group, Silmaco NV, Sinchem Silica Gel Co., Ltd., Tokuyama Corporation, Welcome Chemicals, and Zak³ady Chemiczne "Rudniki" S.A..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Sodium Silicate Market, by Form
7. Sodium Silicate Market, by Grade
8. Sodium Silicate Market, by Application
9. Americas Sodium Silicate Market
10. Asia-Pacific Sodium Silicate Market
11. Europe, Middle East & Africa Sodium Silicate Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Sodium Silicate Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Sodium Silicate Market?
3. What is the competitive strategic window for opportunities in the Sodium Silicate Market?
4. What are the technology trends and regulatory frameworks in the Sodium Silicate Market?
5. What is the market share of the leading vendors in the Sodium Silicate Market?
6. What modes and strategic moves are considered suitable for entering the Sodium Silicate Market?
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