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Lithium Silicate Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031

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    Report

  • 120 Pages
  • March 2023
  • Region: Global
  • Acute Market Reports
  • ID: 5766260
The global market for lithium silicate market is expected to grow at a CAGR of 3.2% during the forecast period of 2022 to 2031. During the forecast period, revenue growth in the global lithium silicate market is anticipated to be driven by the construction industry. As an architectural coating, lithium silicate is widely used in the construction industry. Population growth is anticipated to increase global demand for housing units, thereby bolstering market statistics. Increased discretionary income is likely to increase home improvement and renovation expenditures. Manufacturers and suppliers of lithium silicate are expanding their production capacities to meet the rising demand for their products. They are also investing heavily in research and development for new products to increase their lithium silicate market share.

Lithium silicate is a lithium oxide (Li2O) and colloidal silica aqueous solution (SiO2). It is typically employed in the production of refractory ceramics & glazes as well as specialty paints & coatings. Additionally, lithium silicate is utilized in concrete surface treatments. In lithium silicate, lithium serves as a silica transport agent. In the marine industry, lithium disilicate is utilized as a corrosion inhibitor. It is also utilized in the manufacturing of dental crowns. Additionally, lithium disilicate can be used as a bonding agent in fiberglass. Lithium silicates are utilized in the production of cement, concrete, asbestos tiles, ceramics, and coatings of aluminum, iron, wood, and synthetic resin, among other building materials. These silicates are ideal for moist environments and water-resistant decorative coatings. When sprayed on concrete surfaces, lithium silicates penetrate calcium hydroxide-saturated leak water channels and voids, making them popular as concrete floor hardeners. These silicates combine with free lime (calcium hydroxide) to form calcium silicate hydrate gels that are insoluble. These gels increase the surface density, strength, and durability of concrete that has been treated. This makes the concrete floor more abrasion-resistant. Therefore, the concrete floor is easier to maintain and requires less dusting. Additionally, liquid floor hardeners provide enhanced floor protection and a glossy finish.

Construction Industry Expansion Drives Lithium Silicate Market

Widespread use of lithium silicates in the production of concrete and ceramics. These silicates are used to increase the density and hardness of the surfaces of concrete. Population growth and the resulting increase in construction sector investment are anticipated to increase demand for lithium concrete sealers, lithium hardeners, lithium silicate solutions, lithium silicate sealers, and lithium silicate densifiers. It is anticipated that this will contribute to market growth in the near future.

Lithium Silicates Preferred Over Sodium and Potassium Silicates

Lithium hardeners inhibit or reduce the alkali-silica reaction. The reaction between silica and alkali oxides can produce Alkali-silica Reaction (ASR) gel, which expands when exposed to water. This causes concrete to fracture. When added to concrete, sodium and potassium hardeners directly contribute to the ASR problem. To produce durable concrete, it is necessary to decrease ASR. The addition of lithium salts prevents ASR-induced expansion. Lithium silicate is a cost-effective method for mitigating ASR. This will likely increase the size of the lithium silicate market in the near future.

On metal surfaces, lithium silicate can be used as a surface treatment agent. On steel surfaces, it can also be employed as an anti-rust liquid. In accordions, radios, and other instruments, lithium silicate is utilized as an anti-corrosion agent for metal parts. It is also employed in the decoration of non-ferrous metals and the preservation of light and color in handicrafts. Due to their low water solubility, lithium silicates are utilized to reduce water-soluble byproducts and efflorescence. In the coming years, these advantages are likely to fuel lithium silicate market expansion.

High Demand for Concrete Hardeners

According to the most recent market trends for lithium silicate, the concrete hardeners application segment is anticipated to lead the industry over the forecast period. Lithium hardeners increase the density and durability of concrete surfaces. They are typically inorganic and can be applied in dry or liquid form to either cured or uncured concrete surfaces. When chemical hardeners are added to a concrete surface, the free lime in the concrete reacts and forms a mixture of dicalcium and tricalcium silicates. Calcium silicate hydrate, also known as tobermorite gel, is produced when these dicalcium and tricalcium silicate complexes react further with the additional water present in concrete.

As chemical hardeners, lithium silicates provide strength, durability, and resistance to moisture, chemicals, and abrasion. Consequently, these silicates provide substantial cost savings during construction and facilitate the efficient application of concrete floors. The adoption of lithium silicates in residential, commercial, and industrial construction is driven by these benefits.Lithium hardeners interact with calcium components in concrete to form extremely stable and robust silicate structures, thereby enhancing and extending the lithium's reactivity. Lithium-based hardeners react more thoroughly and uniformly than their sodium and potassium counterparts. In addition, they do not cause map cracking or crazing, nor do they produce silica gel to seal the concrete surface. Lithium hardeners are less water-soluble and absorb water less readily than sodium and potassium hardeners. Therefore, the concrete is more resistant to water.

APAC to be the Global Leader

Asia-Pacific is anticipated to hold the largest share of the lithium silicate market during the forecast period 2022 to 2031, based on the most recent market forecasts. Rapid urbanisation and industrialization in developing nations such as China, India, Indonesia, and Malaysia are driving regional market growth. During the forecast period, China is anticipated to be the growth engine of the industry in Asia-Pacific.

Market Competition to Increase During the Forecast Period

The global market is highly fragmented, with a handful of large-scale companies controlling the majority of the share. Through research and development, the majority of businesses are concentrating on expanding their market share of lithium silicate. To expand their regional presence, vendors are also adopting partnerships, collaborations, and mergers & acquisitions. Key market participants include PQ Corporation, Eastman Chemical Company, HELM AG, Ganfeng Lithium Group Co., Ltd., Nippon Chemical Industrial Co., Ltd., Bisley International, Jiangyin GUOLIAN Chemical Co., Ltd., Silmaco, Noble Alchem Pvt. Ltd., Xetex Industries Private Limited, Shandong Look Chemical Co., Ltd., NYACOL Nano Technologies Inc., and RongXiang Industrial Co., Ltd And Others.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

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 Lithium 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 Lithium 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

  • Concrete Hardeners
  • Inorganic Binders
  • Corrosion Inhibitors
  • Adhesives
  • Welding Rod Additives
  • Dental Glass Ceramics
  • Others

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Lithium 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 2031.
  • 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 Lithium Silicate market?
  • Which is the largest regional market for Lithium 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 Lithium Silicate market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Lithium Silicate market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global Lithium Silicate Market
2.2. Global Lithium Silicate Market, By Application, 2022 (US$ Million)
2.3. Global Lithium Silicate Market, By Geography, 2022 (US$ Million)
2.4. Attractive Investment Proposition by Geography, 2022

3. Lithium Silicate Market: Competitive Analysis
3.1. Market Positioning of Key Lithium Silicate Market Vendors
3.2. Strategies Adopted by Lithium Silicate Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031

4. Lithium Silicate Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Lithium Silicate Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Concrete Hardeners
5.3.2. Inorganic Binders
5.3.3. Corrosion Inhibitors
5.3.4. Adhesives
5.3.5. Welding Rod Additives
5.3.6. Dental Glass Ceramics
5.3.7. Others

6. North America Lithium Silicate Market, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
6.3.Lithium Silicate Market: By Region, 2021-2031, USD (Million)
6.3.1.North America
6.3.1.1. U.S.
6.3.1.1.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
6.3.1.2. Canada
6.3.1.2.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
6.3.1.3. Rest of North America
6.3.1.3.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)

7. UK and European Union Lithium Silicate Market, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
7.3.Lithium Silicate Market: By Region, 2021-2031, USD (Million)
7.3.1.UK and European Union
7.3.1.1. UK
7.3.1.1.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
7.3.1.2. Germany
7.3.1.2.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
7.3.1.3. Spain
7.3.1.3.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
7.3.1.4. Italy
7.3.1.4.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
7.3.1.5. France
7.3.1.5.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
7.3.1.6. Rest of Europe
7.3.1.6.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)

8. Asia Pacific Lithium Silicate Market, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
8.3.Lithium Silicate Market: By Region, 2021-2031, USD (Million)
8.3.1.Asia Pacific
8.3.1.1. China
8.3.1.1.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
8.3.1.2. Japan
8.3.1.2.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
8.3.1.3. India
8.3.1.3.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
8.3.1.4. Australia
8.3.1.4.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
8.3.1.5. South Korea
8.3.1.5.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
8.3.1.6. Rest of Asia Pacific
8.3.1.6.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)

9. Latin America Lithium Silicate Market, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
9.3.Lithium Silicate Market: By Region, 2021-2031, USD (Million)
9.3.1.Latin America
9.3.1.1. Brazil
9.3.1.1.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
9.3.1.2. Mexico
9.3.1.2.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
9.3.1.3. Rest of Latin America
9.3.1.3.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)

10. Middle East and Africa Lithium Silicate Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
10.3.Lithium Silicate Market: By Region, 2021-2031, USD (Million)
10.3.1.Middle East and Africa
10.3.1.1. GCC
10.3.1.1.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
10.3.1.2. Africa
10.3.1.2.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)
10.3.1.3. Rest of Middle East and Africa
10.3.1.3.1. Lithium Silicate Market: By Application, 2021-2031, USD (Million)

11. Company Profile
11.1. PQ Corporation
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. Eastman Chemical Company
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. HELM AG
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. Ganfeng Lithium Group Co., Ltd.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. Nippon Chemical Industrial Co., Ltd.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Bisley International
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Jiangyin GUOLIAN Chemical Co., Ltd.
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. Silmaco
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Noble Alchem Pvt. Ltd.
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. Xetex Industries Private Limited
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. Shandong Look Chemical Co., Ltd.
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
11.12. NYACOL Nano Technologies Inc.
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Portfolio
11.12.4. Strategic Initiatives
11.13. RongXiang Industrial Co., Ltd
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Portfolio
11.13.4. Strategic Initiatives
11.14. Others
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Portfolio
11.14.4. Strategic Initiatives

List of Figures
Figure 1 Global Lithium Silicate Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Lithium Silicate Market: Quality Assurance
Figure 5 Global Lithium Silicate Market, By Application, 2022
Figure 6 Global Lithium Silicate Market, By Geography, 2022
Figure 7 Market Geographical Opportunity Matrix - Global Lithium Silicate Market, 2022
Figure 8 Market Positioning of Key Lithium Silicate Market Players, 2022
Figure 9 Global Lithium Silicate Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
Figure 10 Global Lithium Silicate Market, By Application, 2022 Vs 2031, %
Figure 11 U.S. Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 12 Canada Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 13 Rest of North America Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 14 UK Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 15 Germany Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 16 Spain Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 17 Italy Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 18 France Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 19 Rest of Europe Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 20 China Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 21 Japan Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 22 India Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 23 Australia Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 24 South Korea Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 25 Rest of Asia Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 26 Brazil Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 27 Mexico Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 28 Rest of Latin America Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 29 GCC Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 30 Africa Lithium Silicate Market (US$ Million), 2021 - 2031
Figure 31 Rest of Middle East and Africa Lithium Silicate Market (US$ Million), 2021 - 2031

List of Tables
Table 1 Global Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 2 North America Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 3 U.S. Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 4 Canada Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 5 Rest of North America Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 6 UK and European Union Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 7 UK Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 8 Germany Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 9 Spain Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 10 Italy Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 11 France Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 12 Rest of Europe Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 13 Asia Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 14 China Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 15 Japan Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 16 India Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 17 Australia Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 18 South Korea Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 19 Latin America Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 20 Brazil Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 21 Mexico Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 22 Rest of Latin America Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 23 Middle East and Africa Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 24 GCC Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 25 Africa Lithium Silicate Market By Application, 2021-2031, USD (Million)
Table 26 Rest of Middle East and Africa Lithium Silicate Market By Application, 2021-2031, USD (Million)

Companies Mentioned

  • PQ Corporation
  • Eastman Chemical Company
  • HELM AG
  • Ganfeng Lithium Group Co. Ltd.
  • Nippon Chemical Industrial Co. Ltd.
  • Bisley International
  • Jiangyin GUOLIAN Chemical Co. Ltd.
  • Silmaco
  • Noble Alchem Pvt. Ltd.
  • Xetex Industries Private Limited
  • Shandong Look Chemical Co. Ltd.
  • NYACOL Nano Technologies Inc.
  • RongXiang Industrial Co. Ltd