Sodium Silicate Market Developments Notable Innovations and Breakthroughs

Crystalline form led the market in 2019, favored for applications in tube winding and refractories. It is expected to grow the fastest over the forecast period.

WILMINGTON, DE, UNITED STATES, September 8, 2024 /EINPresswire.com/ -- The report from Allied Market Research highlights the global sodium silicate market¹, which generated $7.2 billion in 2019 and is projected to reach $9.2 billion by 2027, growing at a CAGR of 3.7% from 2020 to 2027. The detailed analysis covers market trends, top segments, key investment areas, and competitive dynamics.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6534

Market Drivers, Restraints, and Opportunities:

- Drivers: Increased demand for sodium silicate in detergents, soaps, rubber, tires, and the pulp & paper industry.
- Restraints: Hazards associated with sodium silicate and the availability of alternative products.
- Opportunities: Rising applications in the construction industry, such as soil stabilization and cement refractories, offer new growth potential.

Market Segmentation:

- Form: Crystalline form led the market in 2019, favored for applications in tube winding and refractories. It is expected to grow the fastest over the forecast period.
- Type: The liquid segment dominated in 2019, but the solid segment is expected to grow at a higher rate due to lower costs, easier transportation, and high solubility.
- Grade: The alkaline grade had the largest market share in 2019, though the neutral grade is anticipated to register the highest CAGR due to increasing cleaning applications.

Regional Outlook:

- Asia-Pacific: Held the largest market share in 2019, projected to maintain its dominance by 2027, driven by growing industrial and construction activities.
- North America: Expected to grow at the fastest rate during the forecast period, supported by demand from the pulp & paper and construction sectors.

Leading Market Players:

Major players in the sodium silicate market include Tokuyama Corporation, Evonik Industries AG, Merck Millipore Limited, and PQ Group Holdings Inc., among others.

The report provides detailed segmentation and insights into regional trends, competitive strategies, and emerging opportunities in the sodium silicate market.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/sodium-silicate-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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¹ https://www.alliedmarketresearch.com/sodium-silicate-market-A06169