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Europe Sodium Silicate Market is expected to touch a figure of US$897.6 mn by 2020, growing at a steady CAGR of 1.50% from 2014 to 2020.
Browse the full Sodium Silicate Market for Detergents, Catalysts, Pulp & Paper, Elastomers, Food & Healthcare and Other Applications - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020 report at http://www.transparencymarketresearch.com/europe-sodium-silicate-market.html
According to the research report, the Europe sodium silicate market was pegged at US$808.8 mn in 2013 and is expected to touch a figure of US$897.6 mn by 2020, growing at a steady CAGR of 1.50% from 2014 to 2020.Sodium silicate is made from oxides of sodium and silica. This colorless water-soluble substance is known as water glass due to its clear aqueous form. Sodium silicate is used in a wide range of applications such as deinking of wastepaper, soil solidification, detergents, drilling fluids, bleaching of paper, adhesives, foundry, and water treatment.
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The sodium silicate market is segmented on the basis of application into catalysts, detergents, pulp and paper, elastomers, food and healthcare, and others such as agriculture and coating. Geographically, this market is segmented into regions such as Poland, Germany, France, Italy, Austria, Ukraine, the Czech Republic, Slovakia, and Rest of the Europe.In the coming few years, the proliferating detergent industry in Europe is expected to be the primary growth driver for the sodium silicate market in the region. The Italian and German automotive industry is also expected to make a serious contribution to the expansion of this market in the European region. Furthermore, as the automotive industry expands due to growing demand for automobiles, it will demand a considerable supply of sodium silicate. This trend will especially be seen in Europe in the near future.
The sodium silicate market will also grow in the European region due to its rising demand in the food and healthcare sector. As industries in this sector grow, they will propel this market as well. Despite the strong market drivers, the Europe sodium silicate market is being negatively affected by substitute products. Sodium carbonate and trisodium phosphate being used for dyeing instead of sodium silicate and volatility of raw materials prices are both acting as restraints for this market. However, the sodium silicate market in Europe can pick up pace in the coming years as the chemical is increasingly being used for enhanced oil recovery (EOR) applications. This newfound application could open a whole new chapter of success for the sodium silicate market in Europe.
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Some of the key players profiled in the research report are W.R. Grace & Company, Tokuyama Europe GmbH, PQ Corporation, BASF SE, Evonik Industries, and PPG Industries. The profile includes an overview of the companies, their financial status, investment plans, business and marketing strategies, and research and development activities.
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