Sodium Silicate Market Is Expected To Get USD 4.86 billion by 2023

The Sodium Silicate Market was worth USD 4.28 billion in the year 2014 and is expected to reach approximately USD 4.86 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 1.42% during the forecast period. The worldwide sodium silicate market is anticipated to encounter a critical development over the figure time frame. Sodium silicate generally known as water glass or fluid glass is outstanding because of wide business and modern application. Sodium Silicate items are fabricated as solids or thick fluids, contingent upon proposed utilizes. Moreover, Sodium silicate is a flexible, inorganic chemical made by joining different proportions of sand and pop fiery remains (sodium carbonate) at high temperature. This procedure yields an assortment of items with one of a kind science that are utilized as a part of numerous mechanical and shopper applications.

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By Application:

  • Detergents
  • Catalysts
  • Pulp & paper
  • Elastomers
  • Food & healthcare
  • Other Applications

Regional Outlook and Trend Analysis

North America held a significant share of the Sodium Silicate Market in 2014 due to the increasing investments in the gas and oil refinery processing and rising agriculture, waste water treatment and construction activities. The Asia-Pacific market has not experienced any substantial growth due to high pricing and low Government initiatives towards this market, but can experience favorable growth in coming years owing to increasing in disposable income in the region.

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Major Players

  • PQ Corporation,
  • OxyChem Corporation,
  • R. Grace & Company,
  • PPG Industries.
  • Albemarle Corporation,
  • Evonik Industries AG,
  • Ciech Vitrosilicon Group,
  • BASF SE,
  • Tokuyama Corporation,
  • Sinchem Silica Gel Co, Ltd.,
  • Shangyu Huachang Industrial Co., Ltd.,
  • Shijiazhuang Shuanglian
  • Nippon Chemical Limited Co., Ltd.

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