NEW YORK, Sept. 28, 2020
NEW YORK, Sept. 28, 2020 /PRNewswire/ -- Detergents and cleaning compounds hold a prominent share in terms of consumption of liquid sodium silicate. Sodium silicates are used with synthetic detergent compositions to minimize alkali attacks and control corrosion. Without the usage of sodium silicates, synthetic detergent composition can be harmful to metal surfaces such as, zinc, aluminum, and other metal alloy parts in washers. Moreover, rising concerns regarding the use of treated water will further push the demand for liquid sodium silicate in the future.
As per PMR's study, the global liquid sodium silicate market is estimated to expand at a CAGR of 2% during the forecast period of 2020-2030.
Key Takeaways from Liquid Sodium Silicate Market Study
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"Decrease in consumption of sodium silicate due to downturn in end-use industries, including paper & pulp, adhesives, building & construction, petroleum processing, and others during the current pandemic is anticipated to be offset by growth of the detergents & cleaning compounds industry," says a PMR analyst.
Liquid Sodium Silicate Market Landscape Continues to Remain Moderately Fragmented
The global liquid sodium silicate market is fairly consolidated at global and regional levels. Tier-1 manufacturers account for more than one-third of the global market share. Some of the leading players included in the report are PQ Corporation, OxyChem Corporation, W.R. Grace & Company, PPG Industries, Inc., BASF SE, Evonik Industries AG, Glassven C.A., Kiran Global Chem Limited, Nippon Chemical Industrial Co., Ltd., Comfia Industries Pvt. Ltd. and others. Manufacturers are focusing on acquisition and expansion activities to gain a stronger foothold in this space.
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Liquid Sodium Silicate Market: Conclusion
Demand for liquid sodium silicate is projected to grow, owing to increasing demand for detergents & cleaning products. The market is occupied by less number of manufacturers. Regions such East Asia and Europe hold major shares in the global market. Further, increasing demand from paper & pulp, water treatment, adhesives and petroleum processing is expected to push the demand for liquid sodium silicate over the coming years.
Want to Know More?
Persistence Market Research has published a market research report on the liquid sodium silicate market that contains global industry analysis of 2015–2019 and opportunity assessment for 2020–2030. The report provides in-depth analysis of the liquid sodium silicate market through different segments, namely, molar ratio, application, and region. The liquid sodium silicate market report also provides supply and demand trends, along with an overview of the parent market.
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