Growth Drivers
Challenges
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 2019. CLICK TO DOWNLOAD SAMPLE REPORT
The global sodium silicate market is further classified on the basis of region as follows:
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 |
|
Author Credits: Rajrani Baghel
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