The Global Sodium Silicate Market Size was valued nearly USD 6,025.9 million by 2017 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 3.0% during the forecast period, i.e. 2017-2025.

Global Sodium Silicate Market Growth Opportunities (Revenue, Growth) By 2017-2025

Sodium silicate is also known as water glass or liquid glass, is an inorganic chemical compound derived by the combination of silica and sodium oxide. The viscosity of the material can be changed by varying the parameters such as molar ratio of sodium oxide and silica at high temperature. Water glass has a broad range of applications comprising detergent, catalyst, adhesives, pulp & paper, food & healthcare, elastomers, coating, drilling fluids, silica gels, textiles, paints, pottery, refractories, foundry, and wood processing industries owing to its unique characteristics such as sizing, binding, and bleaching. The product is utilized as an electrolyte which offers suspension of fine particles in liquid. The sodium silicate detergent has a wide spectrum of applications such as washing, metal cleaning, de-inking and washing paper, textile processing etc. It helps to control the reversion of phosphates while spray drying and have a binder property to offer crispness to the detergent beads. The supply chain of the sodium silicate market is initiated with the sourcing of raw materials, followed by the manufacturing as well as processing of sodium silicate, and then subsequent supply of finished sodium silicate products.

Market Dynamics

Sodium Silicate Market was valued USD 6,025.9 million in the year 2017, at a growth rate of 3.0% during the forecast period. Factors that are significantly contributing to market growth are growing demand for detergents globally, rising demand for silica from the rubber & tire industry, and increasing demand from pulp industry. In addition, the rising demand for environment-friendly binding agents in the construction industry and the increased uptake of green tires in the automotive sector are also some of the factors anticipated to drive the global sodium silicate market during the projected period. Use of substitutes in certain applications such as detergents is hampering the market growth during the projected period. Conversely, development of degradable sodium silicate composites for low-dose drug delivery systems is offering lucrative opportunities during the forecast period.

In order to stay competitive, companies operating in the sodium silicates market have adopted numerous strategies such as product launch, business expansion, product development and acquisition to strengthen their market shares and reinforce their geographical presence, globally. For instance, BASF SE, in November 2017, inaugurated a new production plant mainly focused on chemical catalysts in, China. The aim behind this move is to increase the production capacity in order to serve the rising demand for chemical catalysts as well as to increase their geographical presence. Additionally, W.R. Grace & Co. and Chevron Products Company have a joint venture known as Advanced Refining Technologies (ART).  In May 2015, the companies invested USD 135 million in their joint venture to enhance their production capacity. The ART manufacturing facility, which is located at Los Angeles, is focused on sodium silicate, additives, fluid cracking catalysts, and hydro processing catalysts.

Segment Analysis                                                                                                 

On the basis of form, the market is bifurcated into solid sodium silicate, liquid sodium silicate. Solid sodium silicate is the mostly used form of sodium silicate owing to its extensive use in the construction and fire protection applications due to its easy and low-cost transportation and storage.

On the basis of application, the market is classified into detergents, precipitated silica, construction, pulp & paper, water treatment, metal casting, and food preservation. Detergents are anticipated to be the largest application of sodium silicate. This is due to its extensive use as emulsifying agent, a suspending agent, a buffering agent, and a reserve for alkalinity in the manufacturing of detergents. The increased demand for detergents globally is anticipated to propel the sodium silicate market growth.

Regional Analysis

On the basis of region the sodium silicate market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  Asia Pacific is expected to be the largest consumer of sodium silicate as well as projected to grow at considerable rate during the forecast period due to the presence of detergent manufacturers in the region. China is anticipated to have dominant share of the market in Asia Pacific. Tokuyama Corporation, Nippon Chemical Industrial, Kiran Global Chem Limited, Sinchem Silica Gel, and Shijiazhuang Shuanglian Chemical Industry are some of the major producers of sodium silicate are located in the Asia Pacific region.

Global Sodium Silicate Market Size, Share Analysis By Region 2017

Sodium Silicate Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Sodium Silicate Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in sodium silicate market are included as primary sources of the supply side.

After performing comprehensive engineering of sodium silicate market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key players

Key players of global sodium silicate market are PQ Corporation, Occidental Petroleum Corporation, Tokuyama Corporation, Nippon Chemicals, BASF, Kiran Global Chems Limited, Sinchem Silica Gel, Shijiazhuang Shuanglian Chemical Industry, IQE Group, and CIECH.

The other players in the value chain include Silmaco, Oriental Silicas Corporation, Shaoxing Huachang New Material, Shayona Group, C. Thai Chemicals, Quimialmel, Malpro Silica, Sahajanand Industries, and Coogee Chemicals.

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