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Sodium Silicate Market by Product Size and Segment Forecast to 2023
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The Middle East and Africa, Europe, Latin America, Asia Pacific, and North America are the main regional markets for sodium silicate across the world. Among these, Asia Pacific acquired the dominant position in the global market in 2014 with a share of more than 45%. Thanks to the significant growth of the automotive industries in South Korea, China, Thailand, India, and Indonesia, this regional market is anticipated to remain dominant over the next few years.
The surge in the demand for detergents and cleaning agents is also expected to boost the Asia Pacific market for sodium silicate in the years to come. Among others, the Europe market for sodium silicate is projected to thrive significantly in the near future, on the grounds of the increasing uptake of the silica derivatives in various end-use industries. the markets in North America, Latin America, and the Middle East and Africa are predicted to witness moderate growth over the forthcoming years.
The global market for sodium silicate is highly competitive and fragment with a large pool of players operating in this market. At the forefront of this market are Evonik Industries, W.R. Grace & Co., Tokuyama Corp., Kiran Global Chems Ltd., BASF SE, Rhodia, Ciech Vitrosilicon S.A., PeroxyChem LLC, Albemarle Corp., PPG Industries, and PQ Corp.
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