Global Sodium Silicate Market to Reach US$6.7 bn Exhibiting Slow yet Steady Growth between 2015-2023


Posted December 21, 2015 by MOHITTMR

Global Sodium Silicate Market was valued at US$ 5,561.4 Mn in 2014 and is expected to reach US$ 6,933.6 Mn in 2023, expanding at a CAGR of 2.5% between 2015 and 2023
 
A leading market intelligence firm, Transparency Market Research (TMR), has published a new report that studies the prevailing dynamics and growth prospects of the global sodium silicate market. Based on the survey conducted, the report pegs the overall value of the global market for sodium silicate at US$5.5 bn in 2014. Rising at a slow yet steady CAGR of 2.50% between 2015 and 2023, the global market for sodium silicate is likely to reach US$6.7 bn by the end of 2023. The report, titled “Sodium Silicate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, is available on TMR’s official website for sale.

Browse The Full Sodium Silicate Market Report At : http://www.transparencymarketresearch.com/global-sodium-silicate-market.html

Sodium silicate is obtained by reacting sodium carbonate (or soda ash) and silica at a temperature ranging from 1200°C to 1400°C. After the reaction, a colorless compound comprising oxides of silica and sodium is derived. Sodium silicate is the generic name given to a range of compounds obtained from soluble silicate glasses. These compounds are sold commercially in the market but in the form of a 20% to 50% aqueous solution.

The report states that sodium silicate boasts numerous applications across industries. The key applications include water treatment, detergents, building and construction materials, and pulp and paper. Furthermore, for years, sodium silicate has been used as an excellent adhesive to seal fireboard boxes. It is also extensively used to stabilize borehole wells by drilling fuels. According to the study, the rising demand for cleaning agents and detergents around the world is likely to augment the demand for sodium silicate over the report’s forecast period. Additionally, the demand for the compound has also significantly risen for application in construction and building materials industry, due to the increasing number of water treatment projects. This creates a lucrative prospect, which the global market for sodium silicate is anticipated to capitalize on in the near future.

Request For Sample Of Sodium Silicate Market Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3614

Despite exhibiting a steady rise in demand, the prevalence of cutthroat competition is likely to hamper the growth prospects of the global market for sodium silicate in the near future. Nevertheless, the growing demand for enhanced oil recovery of (EOR) due to the implementation of energy conservation policies, introduction of the latest technologies, and high fuel prices will open new growth avenues for the market in forthcoming years.

Among the segments based on application, detergents led the market with a 35% share in 2014. However, the report forecasts the elastomers segment to exhibit growth at the fastest pace during the report’s forecast period. Furthermore, segments such as healthcare, catalysts, and food are also likely to exhibit above-average growth during the forecast period.

To study the vendor landscape of the market, the report also profiles some of the leading companies such as BASF SE, Evonik Industries AG, PPG Industries, PQ Corporation, W.R. Grace & Company, and Tokuyama Europe GmbH.

Browse The Full Press Release Of Sodium Silicate Market : http://www.transparencymarketresearch.com/pressrelease/global-sodium-silicate-industry.htm

Sodium Silicate Market - Application Analysis
Detergents
Catalysts
Pulp & Paper
Elastomers
Food & Healthcare
Others (Including Coating, Agriculture, etc.)

Sodium Silicate Market - Country Analysis
North America
U.S.
Rest of North America
Europe
France
U.K.
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


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Last Updated December 21, 2015