The global sodium silicate market is projected to experience gradual growth, with an estimated compound annual growth rate (CAGR) of 3% from 2019 to 2029. This steady expansion reflects the ongoing demand for sodium silicate across various industries, including detergents, construction, and water treatment. As industries continue to leverage sodium silicate for its diverse applications, such as in the production of silica gel and as a binding agent in cement, the market is expected to maintain a consistent growth trajectory throughout the forecast period.
Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.
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Key Takeaway of Sodium Silicate Market Study
- The Sodium Silicate market was valued at USD 5.6 Billion in 2018 growing at a lackluster CAGR during the forecast period.
- Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
- Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.
Developing economies such as India, Indonesia, and South Korea are investing in infrastructure development. Sodium silicate is an ideal binder for sustainable construction practices. Market players must leverage this opportunity and procure profitable revenues for the forecast period.
Infrastructure Impels Future Demand Growth
Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.
Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.
Sodium Silicate Market Key Players
Prominent companies in the sodium silicate market include American Elements, J.M. Huber Corporation, MALPRO SILICA PRIVATE LIMITED, PPG Industries, Qingdao Dongyue Sodium Silicate Co Ltd, Zaclon, Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, BASF SE, Nippon Chemical Industrial, Evonik Industries AG, and IQE Group.
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Sodium Silicate Market: Segmentation
By Application
- Silica Manufacturing
- Detergents
- Catalysts
- Pulp & paper
- Elastomers
- Food & healthcare
- Others (coating, agriculture, etc.)
By Region
- North America
- Latin America
- Europe
- MEA
- Asia Pacific
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