Global Sodium Silicate Market 2017-2021
About Sodium Silicate
Sodium silicate is an inorganic compound containing silica and sodium oxide combined in different weight ratios. It is represented by the formula (Na2SiO2)nO. It is produced by reacting silica with sodium carbonate. Sodium silicate is usually known as water glass or liquid glass. It is well known due to a wide range of commercial and industrial applications. It is mostly composed of oxygen and silicon polymer backbone lodging water in molecular matrix pores.
Technavio’s analysts forecast the global sodium silicate market to grow at a CAGR of 3.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sodium silicate market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sodium Silicate Market 2017-2021
Technavio recognizes the following companies as the key players in the global sodium silicate market: BASF, Evonik Industries, Occidental Petroleum Corporation, PQ Corporation, and W.R Grace.
Other Prominent Vendors in the market are: Albemarle Corporation, CIECH Vitrosilicon, Global Drilling Fluids & Chemcials, Huber, IQE Group, Kiran Global Chem, Nippon Chemical Industrial, Rhodia, Shanti Chemical Works, Shaoxing Chang New Materials, Shayona Group, Shijiazhuang Shuanglian Chemical Industry, Sinchem Silica Gel, and Tokuyama.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is awareness about compact detergent. Compact detergents contain a homogeneous distribution of the detergent composition with sodium silicate as one of the key ingredients. Recent technology developments have led to the development of advanced processing tools and equipment, which can process and produce compact detergents with advantageous features over other types of detergents.”
According to the report, one driver in the market is increasing consumption of household detergents. The detergent market accounted for a major portion of the global sodium silicate market with about 25.60% share, in 2016. Changing lifestyle, increase in disposable income, growing population, and increasing health and hygiene awareness in the consumers are the key reasons for the increased consumption of household detergents across the globe. There is a significant increase in sales of washing machines due to rapid urbanization in developing markets such as India, Bangladesh, Indonesia, and Africa. It is due to the changing lifestyles and increased disposable income.
Further, the report states that one challenge in the market is increasing use of liquid detergent. The detergent market in the US is mature. It is experiencing a shift in the consumption of the type of detergent. Several powder detergents damage the skin and clothes. They have toxic residues and lead to solid waste in sewage, which causes fouling in water transportation pipes. This is a major concern for the consumers. Health awareness and environmental concerns have led to shift from powder detergent to liquid detergent. This has resulted in a decreasing consumption of powder detergents. The liquid detergent market is growing at a rapid pace due to eco-friendly alternatives.
BASF, Evonik Industries, Occidental Petroleum Corporation, PQ Corporation, and W.R Grace, Albemarle Corporation, CIECH Vitrosilicon, Global Drilling Fluids & Chemcials, Huber, IQE Group, Kiran Global Chem, Nippon Chemical Industrial, Rhodia, Shanti Chemical Works, Shaoxing Chang New Materials, Shayona Group, Shijiazhuang Shuanglian Chemical Industry, Sinchem Silica Gel, and Tokuyama.