Ethyl Polysilicate Market Size By Product (Ethyl Polysilicate 28, Ethyl Polysilicate 32, Ethyl Polysilicate 40), By Application (Residential Binding Agent, Cross-linking Agent, Adhesive Agent, Synthesis of Silica), By End Use (Paint and Coatings, Chemical, Metal, Textile, Pharmaceuticals, Optical) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, China, Japan, India, South Korea, Thailand, Malaysia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025
Ethyl Polysilicate Market may surpass USD 670 Million by 2025; according to a new research report.
Increasing technical textiles demand owing to strict health, safety & environment regulations will have a positive impact on ethyl silicate market growth. Textile industry is anticipated to surpass USD 1 trillion By 2025 owing to rising disposable incomes. The product helps in reducing shrinkage while functioning as a chemical modifier in textile sector thus, fostering industry growth.
Ethyl polysilicate market from pharmaceutical industry is anticipated to witness gains of over 3.0% by 2025. The product helps to maintain airtight covering thereby, preventing drug contamination. Rising pharmaceutical industry owing to increasing lifestyle related diseases including diabetes and cholesterol issues will foster product demand which in turn would enhance industry.
Ethyl polysilicate market from metal industry may exceed USD 80 million at the end of 2025. The product owing to its adhesive and bonding properties is used in metal industry for protecting metal surfaces from contaminants. Rising metal demand for manufacturing industrial machinery and equipment will fortify ethyl polysilicate industry growth.
India ethyl polysilicate market from paints & coatings industry is likely to exceed USD 27.5 million at the end of 2025. The product owing to water resistant and drying time reducing properties is used in paints & coatings industry. Increasing construction of schools & hospitals in the region will boost paints demand thereby, amplifying industry growth.
Ethyl polysilicate market from optical industry may witness significant gains of over 2.5% by 2025. The product helps to bind two surfaces together thus, has applications in manufacturing eyeglass frames. Increasing number of ophthalmic disorders will fortify eyewear demand which would enhance industry.
UK ethyl polysilicate market from binding agent application is anticipated to witness gains over 3.5% in the forecasted timespan. Global high-performance coatings market may grow over 5% by 2024. The product due to its binding properties is used for manufacturing high performance coatings. Growing construction activities globally will foster coatings demand which would foster industry growth.
Ethyl polysilicate owing to toxic and flammable properties may cause medical issues including eye, liver, and kidney problems. It may lead to serious health problems in workers exposed to the product for long duration. These factors may hamper ethyl polysilicate market profitability and industry growth.
U.S. ethyl polysilicate 28 market is likely to surpass USD 55 million at the end of 2025. The product consists of 28% of silica and functions as a modifying agent for manufacturing enamel. Increasing investments in R&D to innovate new and efficient products in enamel industry will foster ethyl polysilicate market growth.
Ethyl polysilicate market share is competitive and moderately fragmented with major industry players including Wacker, COLCOAT, Nangtong Chengua Chemical, Momentive, Changzhou Wujin Hengye Chemical, and Evonik. Companies are involved in investments in R&D, product innovation, and capacity to cater to rising product demand.
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