Sodium Silicate Market size was over USD 11.45 billion in 2023 and is expected to exceed USD 19.79 billion by the end of 2036, witnessing over 4.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of sodium silicate is evaluated at USD 11.84 billion.
The growth of the market can be attributed to the growing requirement of sodium derivatives in several application industries, increasing demand for green tires and the rising number of activities for recycling waste paper worldwide. Furthermore, sodium silicate is the primary source of reactive silica, owing to which there is an increasing demand for its derivatives which is expected to push the market forward in the coming years. Additionally, the imposition of nationwide lockdowns as a result of COVID-19 pandemic has offered new possibilities to detergent manufacturers on the back of growing demand for hygiene products such as soaps, sanitizers and detergents. This is led to the wide expansion of the market in 2020.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.3% |
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Base Year Market Size (2023) |
USD 11.45 billion |
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Forecast Year Market Size (2036) |
USD 19.79 billion |
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Regional Scope |
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The sodium silicate market is segmented based on application into detergents, precipitated silica, catalysts, pulp & paper, elastomers, and food & healthcare. Out of these, the largest market share will be observed by detergents, out of which the detergents segment is estimated to grow with the highest CAGR over the forecast period. This can be credited to the property of sodium silicate to be an efficient cleaner due to which it finds many uses various industries such as cleaning, textiles, bleaching and degumming, which in turn is projected to fuel the market growth in the near future. However, the segment for precipitated silica garners the largest share owing to the high usage of sodium silicate for producing silicone rubber compounds.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By Form |
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On the basis of geographical analysis, the sodium silicate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific industry is expected to hold largest revenue share by 2036, due to increase in awareness regarding hygiene and sanitation. Currently, more people are using soaps and detergents of which, sodium silicate is an important constituent. As a result of a large population of this region, the demand for detergents is also assessed to grow, which is expected to boost the growth of the market in the near future. Furthermore, Europe is expected to be the second most prominent market for sodium silicate during the forecast period attributing to the growing demand for sodium silicate in paper & pulp and a strong presence of healthcare industries in the region.
Author Credits: Rajrani Baghel
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