Global Sodium Silicate Market Grows Steadily at a CAGR of 3.7%

Introduction

Sodium silicate is a colorless combination of sodium and silica oxides, soaps, detergents, and silica gel. It is used as a coating for walls in concrete, fire retardant, and sealant. Moreover, it is employed to preserve wood and eggs. Neutral sodium silicate in liquid form is appropriate for pharmaceutical and toiletry applications. The growth of the sodium silicate market may be attributable to the growing demand for detergents and soaps. In addition, increased demand for abrasion- and wear-resistant properties in the rubber and tire industries act as a market driver for sodium silicate. The availability of substitutes and the dangers posed to humans impede market growth. In the meantime, the rise of the construction industry, which employs sodium silicate, offers lucrative growth potential for the sodium silicate industry.

Market Dynamics

Increasing Demand in the Various Industries Drives the Global Market

Features such as low interfacial tension against dirt and strong suspending and emulsifying power are exhibited by sodium silicate. It can buffer, neutralize, and saponify, all of which are necessary for a detergent and a soap to function. These applications of different types of sodium silicate in the detergent and soap sector serve as a primary element driving the expansion of the market. Abrasion activities are another common application for sodium silicates. As a result, amorphous sodium silicates are frequently utilized as additives in rubber, which is then used in the production of tires.

It also improves the quality of soft and hardwood pulp used to create new paper and helps with repulp and deinking operations performed on waste and recycled paper. During the alkaline cook process, which is used to suspend non-fibrous components in preparation for the deinking of paper, sodium silicates prevent the unneeded breakdown of fiber stock. The demand for sodium silicate is rising along with the number of paper recycling businesses constantly growing.

Growing Application in the Construction Industry Creates Tremendous Opportunities

Occasionally, sodium silicate is used as a binder in assembling insulation products. Adding sodium silicate with the other reactive chemicals aids gel formation, consolidating the porous soil structures. This operation occurs in aqueous liquids. Cement typically contains sodium silicates, which function as a binder mixture. Some examples are refractories, acid-resistant structures, chimneys, furnaces, spark plugs, coke ovens, molds, and cores. These applications offer a significant opportunity for developing the sodium silicate industry because they frequently uncover new uses for sodium silicate in different construction projects.

Regional Analysis

Asia-Pacific was the region that made the most significant contribution growing at a CAGR of 3.5% during the forecast period. The market for sodium silicate in Asia and the Pacific is studied, including China, Japan, India, Australia, South Korea, and the other countries in the region.

The markets for sodium silicate in North America are broken out as follows: The United States, Canada, and Mexico. The U.S. is the most crucial country, followed by Canada's market share. Mexico holds the smallest of all the countries linked to the increased use of sodium silicate in the building industry and the detergent and catalyst industries, tube winding, and paper and pulp manufacturing in the region.

Key Highlights

• The global sodium silicate market was valued at USD 7.42 billion in 2021. It is expected to reach USD 10.29 billion by 2030, growing at a CAGR of 3.7% during the forecast period (2022–2030).
• Based on form, the market is divided into crystalline and anhydrous categories. The crystalline sodium silicates segment contributed the most to the market, growing at a CAGR of 3.9% during the forecast period.
• Based on type, the global sodium silicate market is divided into liquid and solid. The liquid segment contributed the most to the market, growing at a CAGR of 3.6% during the forecast period.
• Based on grade, the global sodium silicate market is divided into neutral and alkaline. The alkaline sector is the most dominant segment and is expected to grow at a CAGR of 3.6% during the forecast period.
• Based on application, the global sodium silicate market is divided into paints, adhesives, refractories, tube windowing, detergents, and catalysts. The detergents sector contributed the most and is expected to grow at a CAGR of 3.9% during the forecast period.
• Based on end-user, the global sodium silicate market is divided into pulp and paper, construction, and automotive applications. The construction industry dominates the market, growing at a CAGR of 3.2% during the forecast period.
• Asia-Pacific was the region that made the most significant contribution growing at a CAGR of 3.5% during the forecast period.

Competitive Players

Competitive Analysis

• Ciech S.A.
• Evonik Industries Ag
• Kiran Global Chem Limited
• Merck Millipore Limited
• Nippon Chemical Industrial Co., Ltd
• Occidental Petroleum Corporation
• PQ Group Holdings Inc.
• Shijiazhuang Shuanglian Chemical Industry Co. Ltd.
• Sinochem Silica Gel Co. Ltd
• Tokuyama Corporation.

Recent Developments

Market News

• April 2022- Siemens creates a soda production line simulator for the CIECH Group; the goal is to increase the efficiency of the production process.
• March 2022- the commissioning of a new furnace for the production of silicates started at Żary, an investment worth PLN 80 million.
• June 2022- Evonik invests US$220 million in partnership with the U.S. Government to build a new lipid production facility for mRNA-based therapies in the U.S.
• May 2022- European Commission Approves KEYTRUDA® (pembrolizumab) Plus Chemotherapy as Neoadjuvant Treatment, Then Continued as Adjuvant Monotherapy After Surgery for Locally Advanced or Early-Stage Triple-Negative Breast Cancer at High Risk of Recurrence.

Segmentation

Global Sodium Silicate Market: Segmentation

By Form

• Crystalline
• Anhydrous

By Type

• Liquid
• Solid

By Grade

• Neutral
• Alkaline

By Application

• Paints
• Adhesives
• Refractories
• Tube winding
• Detergent
• Catalyst

By End-User

• Pulp and paper
• Construction
• Automotive

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA