December 14, 2021 09:15 ET | Source: Verified Market Research Verified Market Research
Boonton, New Jersey, UNITED STATES
Jersey City, New Jersey, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Sodium Silicate Market” By Form (Solid Sodium Silicate, Liquid Sodium Silicate), By Application (Detergents, Pulp And Paper, Metal Casting, Construction), and By Geography. According to Verified Market Research, the Global Sodium Silicate Market size was valued at USD 10.24 Billion in 2020 and is projected to reach USD 14.51 Billion by 2028, growing at a CAGR of 4.41% from 2021 to 2028.
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Global Sodium Silicate Market Overview
The Sodium Silicate Market is growing on the grounds of expanding usage in diverse industrial and commercial applications. The application areas of sodium silicate include the pulp and paper industry, paints and coatings, adhesives, soaps & detergent manufacturing, construction, and many others. The growth of the number of detergents being sold globally is expected to drive the Sodium Silicate Market. With the COVID hitting hard across the global economies, the demand for hygiene equipment such as soaps, and detergents to reduce the spread of the infection, which is driving the demand for sodium silicate. The growth in the construction industry is also facilitating the growth of the market, as it is used in the formulation of cement. Increasing investment of the government to expand the construction of commercial, residential and public infrastructure is pushing the market demand. An upsurge in the demand for other sodium derivatives such as zeolites and precipitated silica as catalysts in bio and chemical processes are predicted to fuel the market during the forecasted period.
The Hike in the demand for sodium silicate in the paper industry as an adhesive or bonding agent further promotes its demand. Increasing demand for the water-treatment to promote easy access to clean drinking water globally, the need for sodium silicate is on rising. Increasing focus of the companies to expand its usage across various industries such as medical/pharmaceutical possess as a growth opportunity for the market. Also, several consumer goods companies are introducing liquid detergents due to ease to use, and used on spot stain removal is pushing the demand for the Sodium Silicate Market. There are certain restraints and challenges faced which can hinder the market growth. The hazardous effects of sodium silicate are likely to act as a market restraint. Sodium silicate is strong alkali when comes in contact with water. Strong alkaline materials, when exposed, cause irritation and hazards to the eyes and skin.
The major players in the market are PQ Corporation, Sinchem Silica Gel, Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, Nippon Chemicals, IQE Group, CIECH, BASF, Occidental Petroleum Corporation and Kiran Global Chems Limited.
Verified Market Research has segmented the Global Sodium Silicate Market On the basis of Form, Application, and Geography.
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