Liquid Sodium Silicate Market Trends

  • Report ID: 5012
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Liquid Sodium Silicate Market Trends

Growth Drivers

  • Construction and Infrastructure Development: The construction industry is a major consumer of liquid sodium silicate, particularly for applications such as concrete and cement. As urbanization and infrastructure development continue to expand globally, the demand for liquid sodium silicate is expected to increase.
  • Growing Automotive Industry: Liquid sodium silicate is used in the automotive industry for heat-resistant coatings on engine components. With the increasing production and demand for automobiles, especially in emerging economies, the market for liquid sodium silicate is expected to witness substantial growth.
  • Increasing Need for Detergents and Cleaning Products: Liquid sodium silicate is a key ingredient in the production of detergents, soaps, and cleaning products. The demand for these products remains consistent, driven by factors such as increasing urbanization, rising awareness of hygiene and cleanliness, and a growing middle-class population.

Challenges

  • Fluctuating Raw Material Prices: The cost of raw materials used in the production of liquid sodium silicates, such as sodium hydroxide and silica, can be volatile. Fluctuations in raw material prices can affect the overall production cost and profitability for manufacturers. Price volatility may result from factors like supply-demand imbalances, geopolitical issues, or changes in production capacities.
  • Environmental Regulations
  • Intense Competition

Liquid Sodium Silicate Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

10.2%

Base Year Market Size (2023)

USD 12.12 Billion

Forecast Year Market Size (2036)

USD 42.84 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 5012
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of liquid sodium silicate is evaluated at USD 13.24 Billion.

The liquid sodium silicate market size was valued at USD 12.12 Billion in 2023 and is set to cross USD 42.84 Billion by 2036, expanding at more than 10.2% CAGR during the forecast period i.e., between 2024-2036. Increasing growth in the construction sector is the major factor driving the market growth.

Asia Pacific industry is expected to hold largest revenue share by 2036, owing to construction boom in the region.

PQ Corporation, PPG Industries, Tokuyama Corporation, BASF SE, W.R. Grace & Co., Sinchem Silica Gel Co., Ltd., Nippon Chemical Industrial Co., Ltd., Occidental Petroleum Corporation, CIECH Group, Silmaco NV
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