Sodium Silicate Market Trends

  • Report ID: 3017
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Sodium Silicate Market Trends

Growth Drivers

  • Growing Demand for Green Tires in Developed Economies
  • Increasing Awareness on Hygiene and Sanitation

Challenges

  • Fluctuating Costs of Raw Materials for Producing Sodium Silicate
  • High Transportation Cost of the Product

Sodium Silicate Market: Key Insights

On the basis of geographical analysis, the global 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 region is estimated to grab the largest market share and witness noteworthy growth over the forecast period. Moreover, since the last few years, APAC has observed an 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. The paper recycling rate in Europe increased to more than 72% in 2019, up from 68% in 2019CLICK TO DOWNLOAD SAMPLE REPORT

Sodium Silicate Market Share Image

The global sodium silicate market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Base Year

2024

Forecast Year

2025-2037

CAGR

4.3%

Base Year Market Size (2024)

USD 11.94 billion

Forecast Year Market Size (2037)

USD 20.64 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • 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: 3017
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of sodium silicate is assessed at USD 12.38 billion.

Sodium Silicate Market size was over USD 11.94 billion in 2024 and is projected to reach USD 20.64 billion by 2037, growing at around 4.3% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is estimated to dominate majority revenue share by 2037, due to increase in awareness regarding hygiene and sanitation.

The major players in the market are Desmet Ballestra Group, PQ Corporation, Occidental Petroleum Corporation, Tokuyama Corporation, and others.
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