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Sodium silicate is a generic name for chemical compounds with formula Na2xSiyO2y+x or (Na2O)x·(SiO2)y. it is also known as water glass or liquid glass and is generally observed as colorless transparent solids or white colored powders. Some of the compounds are sodium metasilicate, sodium orthosilicate, sodium pyrosilicate and others. They have a wide range of applications including cement formulation, textile processing, adhesives, passive fire protection, silica gel production, refractory ceramics and others.
Sodium silicate is a prime source of reactive silica. High demand for reactive silica from various end-user industries including food & beverage, detergents, rubber, paper & pulp and others shall drive the market. additionally, high demand for silica derivatives like silica gels and silica sols from pharmaceuticals and chemical sector shall drive the market.
However, price trend of sodium silicate is affected for certain parameters including raw material and transportation cost. Volatility in prices of raw materials is expected to hamper the market growth.
Key Market Driver -
Rising demand from industrial and chemicals sector.
Key Market Restraint -
Volatility in prices of raw materials.
Based on form, the global sodium silicate market is segmented into solid and liquid. Based on application, market is segmented into detergent, precipitated silica, construction, pulp & paper, metal casting, water treatment, food preservation, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global sodium silicate market consists of global & regional players operating. Some of the key players in the market include PQ Corporation, Occidental Petroleum Corporation, Tokuyama Corporation, BASF, Nippon Chemical Industrial, Kiran Global Chem Limited, Sinchem Silica Gel, IQE Group, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to lead the global market due to high demand from China. Increase ng industrial development in other emerging countries like India, South Korea, Japan and Thailand shall fuel regional growth. North America is expected to show substantial growth due to increasing constructional and infrastructural activities. European market is expected to show considerable growth due to high demand for detergents, chemicals and sodium silicate derivatives from industrial sector. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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