Sodium Silicate Market is Slated to Witness Tremendous Revenue Growth with Industry Demand and Dynamic Innovations

The global sodium silicate market was valued at $7.2 billion in 2019 and is projected to reach $9.2 billion by 2027, with a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6534

Key Drivers, Restraints, and Opportunities
Drivers:

- Growing demand in the manufacturing of detergents, soaps, rubbers, and tires.
- Increased consumption in the pulp and paper industry.

Restraints:

- The hazardous nature of sodium silicate can restrict market growth.
- Availability of substitute materials poses a challenge.

Opportunities:

- Expanding applications in the construction industry offer new growth avenues.

Market Segmentation Insights

By Form:

- The crystalline segment dominated the market, accounting for nearly two-thirds of the share in 2019 and projected to grow at the highest CAGR of 3.9% from 2020 to 2027. This growth is attributed to its applications in fireproofing mixtures, laundry, dairy, metal, and floor cleaning.

By End Use:

- The construction segment held the largest market share in 2019 (nearly one-third) and is anticipated to maintain its leadership through 2027 due to its use in soil stabilization, concrete hardening, and cement refractories.
- The pulp and paper segment is expected to exhibit the highest CAGR of 4.3% from 2020 to 2027, driven by its use in de-inking and brightening processes.

Regional Analysis:

- North America: Expected to witness the fastest growth rate (CAGR of 4.3%) during the forecast period, driven by construction, detergent, catalyst, tube winding, and pulp & paper industries.

- Asia-Pacific: Maintained the largest market share in 2019 (over two-fifths) and is projected to retain its dominance through 2027, supported by a significant presence of corporations and expansion efforts by market players.

Leading Market Players:

Key companies in the sodium silicate market include:

- Tokuyama Corporation
- Evonik Industries AG
- Merck Millipore Limited
- Nippon Chemical Industrial Co. Ltd.
- PQ Group Holdings Inc.
- Occidental Petroleum Corporation
- CIECH S.A.
- Sinchem Silica Gel Co. Ltd.
- Shijiazhuang Shuanglian Chemical Industry Co. Ltd.
- Kiran Global Chem Limited

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/sodium-silicate-market-A06169

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