Sodium Silicate Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts - 2022 to 2030

Sodium silicate, commonly known as liquid glass or water glass is widely use in various industrial and commercial applications. It is a compound containing sodium oxide and silica. Sodium silicate is an inorganic chemical prepared by combining various ratios of soda ash and sand at high temperature. This process yields a variety of products with unique chemistry which are used in various consumer and industrial applications.

This study provides a detailed description of the global sodium silicate market in terms of revenue (US$ Bn) and volume (Million Tons) for the forecast period of 2022 to 2030. To provide the comprehensive view of the market the study includes a detailed raw material price trend analysis along with the market attractive proposition analysis where in applications are benchmarked based on attributes such as growth rate, attractiveness and market size.

Rising demand for cleaning agents and detergents from emerging economies is the major factor driving the market growth. Sodium silicate is also widely used in petrochemical industry as cracking catalyst. Furthermore, increasing investment in oil & gas refinery processing is projected to augment demand for the product over the forecast period of 2022 to 2030. However, fluctuating prices of the raw materials and presence of various substitutes is hampering the market growth. Growing number of water treatment projects along with rising demand for sodium silicate in the construction and building materials industry is providing new avenues for growth in the sodium silicate market over the forecast period.

In 2020, detergents was the largest application segment, accounting for more than 30.0% share of the global sodium silicate market and is projected to maintain its dominance over the forecast period of 2022 to 2030. However, elastomers is projected to be the fastest growing application segment over the forecast period owing to rising demand from automotive industry.

In 2020, Asia Pacific was the largest regional market for sodium silicate in terms of value and volume, accounting for more than 45.0% share of the global market. It is also projected to be the fastest-growing region during the forecast period. This growth is mainly attributed to the rising demand for sodium silicate from various applications such as detergents, catalysts, elastomers, and water treatment.

The report titled Global Sodium Silicate Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2022 - 2030 offers strategic insights into the global sodium silicate market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on, application type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading sodium silicates manufacturers, along with their, product portfolio and business strategies. The major players profiled in the report are Albemarle Corporation, BASF SE, Ciech Vitrosilicon Group, Evonik Industries, and PPG Industries among others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the sodium silicate industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 - 2021)
• SRC (Segment-Region-Country) Analysis

By applications in 2020, detergents segment led the market with a 31.81% share in terms of revenue and is projected to grow at a CAGR of 2.2% over the forecast period of 2022 to 2030. However, owing to market saturation and emergence of liquid detergents sodium silicate is projected to show lower penetration in this application.

Elastomers segment is projected to exhibit fastest growth and is projected to grow at a CAGR of over 3.4% from 2022 to 2030 in terms of revenue. The product is widely use in various end industries such as rubber and tire manufacturing. Furthermore, rapid growth of automotive industry in Middle East, Asia Pacific and Africa is projected to stimulate the market demand for sodium silicate over the forecast period. Owing to high investment in oil & refinery processing the demand for sodium silicate from the catalytic application was valued 0.96 billion in 2016 and is projected to grow at a significant rate over the forecast period.

In 2020 in terms of revenue, Asia Pacific dominated the industry accounting over 45.0% of the global demand. China and India are the major regional market in Asia Pacific. The detergent and soap industries in these countries is witnessing double digit growth rate and generated over US$ 35.0 billion in 2016. Consequently, demand for sodium silicate in the detergent application is projected to grow over the forecast period.

Owing to over capacity of the market the demand for sodium silicate in North America is projected to grow at a below average growth rate. Over the past few decades detergents have been the largest application segment for sodium silicate and valued over US$ 1.91 billion in 2016. Owing to emergence of liquid detergents the market share of sodium silicate in the detergent application has been declining and thus, hampering the product demand.

The Europe market is projected to witness significant growth over the forecast period owing to increased adoption of sodium silicate in various industries such as pulp and paper, oral and health care.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sodium Silicate market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Sodium Silicate market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Application

• Detergents
• Catalysts
• Pulp & Paper
• Elastomers
• Others (Sugar production, Paper Production, etc.)

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Sodium Silicate market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Sodium Silicate market?
• Which is the largest regional market for Sodium Silicate market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Sodium Silicate market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Sodium Silicate market worldwide?

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