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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.
Overview, Growth, Trends and Forecast 2014- 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.
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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.
On the basis of application, the worldwide sodium silicate market is segmented into Detergents,
Catalysts, Pulp & paper, Elastomers, Food & healthcare and other applications. Detergent
application section is expected to generate highest market share over the forecast period owing to
its increased applications across the globe.
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
Major Market Players:
The major players in the market are PQ Corporation, OxyChem Corporation, W.R. Grace &
Company, and PPG Industries.
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The Sodium Silicate Market is segmented as follows-
By Application: Detergents, Catalysts, Pulp & paper, Elastomers, Food & healthcare, Other
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