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Sodium Silicate Market to value $10bn by 2024; China’s detergent segment accounts 60% of APAC industry share

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Sodium Silicate Market to value $10bn by 2024; China’s detergent segment accounts 60% of APAC industry share

September 25
03:17 2018

Asia Pacific Sodium Silicate Market will emerge as the fastest growing region, growing at more than 2% gains to 2024 driven by growing construction, automotive production and oil drilling operations.
Sodium Silicate Market By Application (Detergent, Catalyst, Paper & Pulp, Elastomers, Food & Healthcare), By Form (Liquid, Powder), Industry Analysis Report, Regional Outlook (U.S., Canada, France, UK, Spain, Germany, Italy, China, Japan, India, Australia, Indonesia, Malaysia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecasts to 2024

Pulp & paper is predominantly dominating the sodium silicate market. Detergent market is witnessing notable market growth, elastomers accounts for 10% of global sodium silicate market by the end of 2016. Growth is incorporated by continuous progression of automotive sector, generating greater demand for green tires. Elastomer are significantly used in green tires as reinforced filler to resists rolling.

Oil and gas is one of the fastest galloping market as a result of high usage of catalyst in petroleum refineries for extracting gasoline is instrumental in influencing the global sodium silicate market growth over the forecast period.

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By form, liquid sodium silicate dominates the global sodium silicate market till 2024. Growing demand for liquid sodium silicate in paper & pulp, and adhesives will drive this segment in the coming period. The use of sodium silicate in paper-based products such as toilet tissues, paper towel cores, fiber drum binders and paperboard laminates due to its zero-toxicity and eco-friendly features will augment market demand over the forecast period.

Industry impact forces –

Growth drivers

  • Rising product demand due to increasing awareness regarding hygiene
  • Increasing oil & drilling activities

Industry pitfalls & challenges

  • Health hazards
  • Fluctuating raw material prices

Asia Pacific market is growing by CAGR of around 2% over the forecast timeframe. China detergent market segment accounts over 65% of Asian market share. Increasing automotive production, oil drilling and construction activities will significantly impact sodium silicate demand in projected timeframe. In Europe, paper & pulp as well as healthcare industry is dominating sodium silicate market.

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Global market companies are Nippon Chemical, Oriental Silicas, PPG Industries, Evonik Industries, BASF, Huber, W.R Grace, PQ Corporation, etc. Few of these leading players in marketplace are substantially investing on research and development activities for enhancing overall product portfolio as well strengthen market positions.

Browse key industry insights spread across 320 pages with 382 market data tables & 25 figures & charts from the report, “Sodium Silicate Market Size By Form (Liquid, Powder), By Application (Detergent, Catalyst, Paper & Pulp, Elastomers, Food & Healthcare), Industry Analysis Report, Regional Outlook (U.S., Canada, France, UK, Spain, Germany, Italy, China, Japan, India, Australia, Indonesia, Malaysia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

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Table of Contents (ToC) of the report:

Chapter 5. Sodium Silicate Market, By Form

5.1.   Global sodium silicate market share, by form, 2016 & 2024

5.2.   Liquid

5.2.1.    Market estimates and forecast, 2013 – 2024

5.2.2.    Market estimates and forecast by region, 2013 – 2024

5.3.   Powder

5.3.1.    Market estimates and forecast, 2013 – 2024

5.3.2.    Market estimates and forecast by region, 2013 – 2024

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/sodium-silicate-market

 

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