Reports and Data’s latest industry analysis report is a reliable source of information on the global Sodium Silicate market industry and its key segments. The report lays stress on the current market size, market share and key market dynamics including drivers, restraints, opportunities, supply & demand ratios, upcoming market trends, technological innovations, and value chain analysis. The accurate market projections contained in the report are predicated on historical and present market data and effective research methodologies. The report presents quantitative and qualitative industry insights, along with vital information related to market revenue growth rate, industry annual sales, regional outlook, product type & application ranges, and key industry statistics.
According to the report, the global Sodium Silicate market is projected to reach a whopping market .The Sodium Silicate market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Sodium Silicate market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
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The materials & chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings & construction, food & beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
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Top Companies Profiled in the Report:
Evonik Industries AG, Solvay SA, PQ Corporation, BASF SE, CIECH Group, W.R. Grace & Company, Tokuyama Corporation, Sinchem Silica Gel Company Ltd., Shangyu Huachang Industrial Co., and PPG Industries Inc.
Product Form Outlook:
The solid sodium silicate segment is expected to account for major revenue share in the global sodium silicate market. Solid form is suitable for wide-range of applications including production of ceramics, refractories, fire-stop devices, etc. as it enables easy and low cost of storage and transportation as compared to the liquid form products. Mostly, solid form of sodium silicate is preferred as it can be either used as it is or can be converted into liquid form by mixing it in water. The liquid form is used in various applications such as precipitated silica, detergents, pulp and paper, water treatment, etc.
Among the product form segments, the liquid sodium silicate segment is expected to register substantially high growth rate during the forecast period. Soluble sodium silicates are wholly inorganic and once diluted, have no significant harmful impact on environment. When neutralized, these products have capability to recycle and turn into amorphous silica.
Application of liquid sodium silicates in trans-esterification and catalyst cracking operations for producing bio-diesel is gaining popularity, owing to growing cost of crude oil and depleting fossil fuels.
Among the application segments, the elastomers segment accounted for substantially high revenue share in the global market, and is projected to register highest growth rate during the forecast period.
Industry Vertical Outlook:
Among the industry vertical segments, the consumer products segment accounted for largest revenue share in 2020, owing to use of sodium silicate in production of detergents and increasing sales of detergents among users.
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