Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Sodium Silicate Market expected to reach US$ 5.6 Bn & 3% CAGR through 2021-2029

Global Banking And Finance 1 News

The sodium silicate market has been estimated to expand at a moderate pace throughout the forecast period between 2019 and 2029, with a 3% CAGR. Nationwide lockdown restrictions set up by governments, and the resultant suspension of industrial activities in many countries is reducing short term demand for sodium silicate. Disruptions in supply chains and production facilities are also likely to influence the market in the near term.

“Sodium silicate finds critical roles in a wide range of industries ranging from healthcare, food, paper and pulp, detergents, and elastomers among others. Such roles of its derivatives are expected to uplift prospects through the forecasting period,” says the FMI analyst.

sodium silicate market value share in key countries

Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-11173

Sodium Silicate Market – Important Takeaways

  • Silicone rubber production applications are expected to gain strong demand in the elastomers sector owing to significant physical improvements with precipitated silica addition.
  • The use of sodium silicate as a deflocculant ingredient for detergents continues to gain traction owing to cost and efficacy benefits.
  • Europe is a key market for sodium silicate, essentially driven by uses in the healthcare, and paper & pulp applications.

Sodium Silicate Market – Driving Factors

  • Increasing application of sodium silicate in oil exploration and drilling activities contribute to market growth.
  • Hygiene and healthcare awareness bolsters overall sodium silicate application and adoption rates.

Sodium Silicate Market – Leading Constraints

  • Volatility in the prices of raw materials is a major challenge for sodium silicate market players.
  • Potential for health hazards from sodium silicate and associated regulations restrict market growth.

For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-11173

Expected Impact on Market by Coronavirus Outbreak

The impact of the coronavirus pandemic on the sodium silicate market has largely been negative. Disruptions to supply chains for raw materials, restrictions on international trade, and substantial slumps in industrial activity of varied sectors have limited short term growth prospects. On the other hand, applications of derivatives in the food & beverage and pharmaceutical industries are generating niche growth opportunities to partially recoup losses during this period.

Competition Landscape

Some of the top players operating in the sodium silicate market are IQE Group, American Elements, Evonik Industries AG, J.M. Huber Corp., Nippon Chemical Industrial, Malpro Silica Pvt. Ltd., BASF SE, PPG Industries, Tokuyama Corp., Qingdao Dongyue Sodium Silicate Co Ltd., and Shijiazhuang Shuanglian Chemical Industry.

Participants in the sodium silicate market are investing in the expansion of production capacities with strategic acquisitions or facility expansions largely aiming towards geographical penetration.

For instance, Advanced Refining Technologies has completed the expansion of its hydro-processing catalyst plant near Lake Charles, which will also include the production of sodium silicate. Evonik Industries AG has entered an agreement to acquire J.M. Huber Corp.’s silica business. Grand Maritime Port of Marseille has acquired the Quechen Silicon Chemical facility in Fos-sur-Mer, which aim to provide materials to the tire industry.

The global sodium silicate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Application

  • Silica Manufacturing
  • Detergents
  • Catalysts
  • Pulp & paper
  • Elastomers
  • Food & healthcare
  • Others (coating, agriculture, etc.)

By Region

  • North America
  • Latin America
  • Europe
  • MEA
  • Asia Pacific

The post Sodium Silicate Market expected to reach US$ 5.6 Bn & 3% CAGR through 2021-2029 appeared first on Industry News Analsis.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post