Sodium Silicate Market 2018 Trends & Forecast to 2024 | Dominating companies: PPG Industries, BASF, Evonik, PQ Corporation, W. R. Grace & Co., Oxy, Albemarle Corporation
Sellbyville, Delaware, Oct. 16, 2018 /PRNewswire-PRWeb/ -- Sodium Silicate Market is inclusive of a widespread application spectrum, as the product finds deployment in paints, wood processing, pottery, foundry, textiles, drilling fluids, elastomers, and healthcare, pertaining to which it will collect a revenue of more than USD 10 billion by the end of 2024.
In addition, the product is also used in detergents and cleaning agents owing to its balanced pH level. Increasing awareness regarding sanitation and the usage of hygienic amenities is thus likely to boost sodium silicate industry share over 2017-2024. Being prominently used in concrete for reducing porosity, the escalating investments in building construction and infrastructure development will also have a positive impact on product demand.
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By form, liquid sodium silicate dominates the global sodium silicate market till 2024. Growing demand for liquid sodium silicate in paper & pulp, and adhesives will drive this segment in the coming period. The use of sodium silicate in paper-based products such as toilet tissues, paper towel cores, fiber drum binders and paperboard laminates due to its zero-toxicity and eco-friendly features will augment market demand over the forecast period.
Pulp & paper is predominantly dominating the sodium silicate market. Detergent market is witnessing notable market growth, elastomers accounts for 10% of global sodium silicate market by the end of 2016. Growth is incorporated by continuous progression of automotive sector, generating greater demand for green tires. Elastomer are significantly used in green tires as reinforced filler to resists rolling.
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Oil and gas is one of the fastest galloping market as a result of high usage of catalyst in petroleum refineries for extracting gasoline is instrumental in influencing the global sodium silicate market growth over the forecast period.
Asia Pacific market is growing by CAGR of around 2% over the forecast timeframe. China detergent market segment accounts over 65% of Asian market share. Increasing automotive production, oil drilling and construction activities will significantly impact sodium silicate demand in projected timeframe. In Europe, paper & pulp as well as healthcare industry is dominating sodium silicate market.
Global market companies are Nippon Chemical, Oriental Silicas, PPG Industries, Evonik Industries, BASF, Huber, W.R Grace, PQ Corporation, etc. Few of these leading players in marketplace are substantially investing on research and development activities for enhancing overall product portfolio as well strengthen market positions.
Browse key industry insights spread across 320 pages with 382 market data tables & 25 figures & charts from the report Sodium Silicate Market in detail along with the table of contents:
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Table of Contents (ToC) of the report:
Chapter 3. Sodium Silicate Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distributor channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers
3.3.4.2. List of key/potential customers
3.4. Raw material analysis
3.5. Innovation & technology trends
3.5.1. Patent analysis
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Rising product demand due to increasing awareness regarding hygiene
3.6.1.2. Increasing oil & drilling activities
3.6.2. Industry pitfalls & challenges
3.6.2.1. Health hazards
3.6.2.2. Fluctuating raw material prices
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape
3.9.1. Strategic dashboard
3.10. Porter's analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Industry rivalry
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.1.1. R & D cost
3.11.1.2. Manufacturing & equipment cost
3.11.1.3. Raw material cost
3.11.1.4. Distribution cost
3.11.1.5. Operating cost
3.11.1.6. Miscellaneous cost
3.11.2. Price by application
3.11.3. Price by form
3.11.4. Price by region
3.12. PESTEL analysis
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