Growing demand for sodium silicate for manufacturing household as well as industrial detergents are anticipated to propel product demand over the forecast period. The Global Sodium Silicate Market size is expected to reach USD 7.84 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 3.2% during the forecast period.
Sodium carbonate and silica sand are key raw materials used for the production of sodium silicate. Presence of numerous raw material suppliers across the globe eases procurement of sodium carbonate and silica sand, thus impacting sodium silica production on a positive note. Major companies including GHCL limited, Tata Chemicals Limited, Solvay S.A., and Merck Millipore are involved in the production of raw materials used for sodium silicate manufacturing.
Pricing strategy for the compound is driven by quality of the product. As a result, industry players are likely to invest more into R&D to reduce product cost and broaden product portfolio in order to gain market share. Furthermore, key industry players are adopting expansion and integration strategies in order to establish themselves in the global market.
Commercially sodium silicate is available in both liquid and solid forms. International trade of liquid products, is limited by cost of transportation rather than production costs. As a result, the majority of the sodium silicate manufacturers prefer captive consumption of the product for manufacturing of silica derivatives such as zeolites, and precipitated silica.
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Sodium silicate products of commercial concentrations with m<1.8 and silicate powders with m<2.4 attack the skin when tested according to Federal Hazardous Substances Act (FHSA) protocols. The sodium silicate market is, thus, subjected to stringent regulations prescribed by Occupational Safety and Health Association (OSHA), the U.S. Department of Transportation (DoT), and Resource Conservation and Recovery Act (RCRA).
Market Segmentation of Sodium Silicate Market:
The Global Sodium Silicate Market segmented on the basis of Application and Region.
By Application:
Detergents
Catalysts
Pulp & Paper
Elastomers
Food & Healthcare
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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