Sodium Silicate Market: Rapid Development of Detergents and Cleaning Agents Industry to Fuel Market Growth

Sodium silicate is a colorless compound of silica oxide and sodium oxide, derived from the reaction between silica and sodium carbonate at a temperature ranging from 1200° C to 1400° C. It is mainly used in making detergents and cleaning agents. In recent times, the global market for sodium silicate has witnessed immense growth owing to the rapid development of the detergents and cleaning agents market. The increased usage of sodium silicate in the construction industry also aided the growth of this market.

According to a report published by Transparency Market Research (TMR), a market intelligence and research firm, the overall value of the global sodium silicate market stood at US$5,561.4 million in 2014. Analysts at TMR estimate the CAGR of this market over the period from 2015 to 2023 to be 2.5%, leading to a total market value of US$6,933.6 million by 2023.

Elastomers to Report Fastest Growth in Coming Years

Detergents, pulp and paper, catalysts, food and healthcare, elastomers, coatings, and agriculture are the key application areas of sodium silicate. Among these, detergents acquired the leading position in the market, accounting for 35% of the overall sodium silicate market. Other than this, analysts project elastomers to report the fastest growth among all the market segments based on application. 

Elastomers are expected to attract significant demand from the global automotive industry, thereby leading to an increased demand for sodium silicate. Other segments such as food and healthcare, catalysts, pulp and paper, coatings, and agriculture are projected to experience a steady growth in the near future.

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Asia Pacific Emerges as Leading Regional Sodium Silicate Market

The global sodium silicate market is spread across North America, Asia Pacific, Europe, and the Rest of the World. In 2014, Asia Pacific positioned itself at the leading regional market, occupying over 45% of the overall sodium silicate market. The development of the Asia Pacific detergents and cleaning agents industry is likely to fuel the sodium silicate market in this region in the coming years. Analysts expect increased demand for sodium silicate from major Asian economies such as India, China, South Korea, Thailand, and Indonesia that will drive this market significantly.

On the other hand, the sodium silicate market in Europe is going through a declining phase owing to the decrease in the demand. The rising cost of raw material and energy is impacting the chemical industry adversely in Europe, which is directly affecting the sodium silicate market in this region.

Low manufacturing cost in Asian economies has encouraged market players to shut down their facilities in Europe and North America and shift focus to Asia pacific in the past few years, which is another significant factor driving the Asia Pacific market for sodium silicate.

Rising Demand for Sodium Silicate in EOR and Water Treatment Plants to Drive Market Growth in Future

The increasing usage of sodium silicate in water treatment plants alongside its rising demand in enhanced oil recovery (EOR) is presenting opportunity-rich market for established players as well as new entrants in this market. However, growing use of alternatives of sodium silicates such as soda ash is expected to hamper the hindrance-free market growth in the coming years.

PQ Corp., Tokuyama Corp., Kiran Global Chems Ltd., PPG Industries, Rhodia, Albemarle Corp., W.R. Grace & Co., BASF SE, PeroxyChem LLC, Evonik Industries, and Ciech Vitrosilicon S.A. are the major participants in the global sodium silicate market.

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