In 2024 the global Sodium silicate market is estimated to be USD 5.50 billion. It is projected to grow at a CAGR of 4.4% during the forecast period. By 2029, the market is projected to reach USD 6.83 billion. The major factors driving the growth of the market include the increase in wastewater treatment activities, the manufacturing of detergents and soaps, rising construction projects, and use in the making of precipitated silica.
The major players in the Sodium silicate market with a significant global presence are PQ Corporation (US), Qemetica (Poland), Nippon Chemical Industrial Co., Ltd. (Japan), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Fuji Chemical Co., Ltd. (Japan), IQE Group (Spain), Oriental Silicas Corporation (Taiwan), Evonik Industries AG (Germany), Metro Chem Industries (Ahmedabad) etc. The market players have adopted various strategies such as partnerships, expansions, and acquisitions to strengthen their position in the Sodium silicate market.
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PQ Corporation (US) is a leading manufacturer of silicates, silicas, and derivative products. The company uses raw materials such as silica, alumina, alkali, and water to create a range of products, including sodium silicate, silicas, silica gel, precipitated silica, zeolites, metasilicate, and specialty silicates. These products serve various purposes, including cleaning, purification, construction, silica, and chemical manufacturing. PQ Corporation has utilized the acquisition strategy to strengthen its business and increase its global reach. The company’s long-term presence in the market has created a good brand name for it in the market.
Qemetica (Poland), formerly referred to as the CIECH Group is a prominent chemical firm located in Poland. The company operates across five sectors: soda, packaging, silicates, agro, and foam. Its operations encompass various products including silica, silicates, CARGO, soda, agro solutions, glass. The sodium silicates are produced and sold through its subsidiary, Qemetica Silicates S.A. It asserts that it is the largest supplier of silicates in Europe. Acquisition and expansion of business were some main strategies used by the company.
Nippon Chemical Industrial Co., Ltd. (Japan) is a prominent Japanese company specializing in the production of inorganic and specialty chemicals. The company’s inorganic chemical offerings include materials such as chromium, silicates, phosphorus, and barium. In the realm of specialty chemicals, Nippon Chemical produces a diverse range of products, including electronic ceramic materials, barium compounds, circuit materials, battery materials, organic phosphorous compounds, semiconductor materials, as well as pharmaceutical intermediates and agrochemicals. Expansion and investment strategies are used by the company.
Occidental Petroleum Corporation (US) is a US-based energy company and one of the largest oil producers in the United States. The company has three reportable segments: oil and gas, chemicals, and midstream and marketing. Under its chemicals segment, the company produces sodium silicate which is utilized in various end-use industries such as adhesives, cement, pulp and paper, detergents, and soaps. The company is known to promote sustainability and partners with various companies for carbon capture and reuse.
Tokuyama Corporation (Japan), a prominent Japanese enterprise, specializes in the manufacturing of a diverse range of materials across several key business segments. These segments include electronic and advanced materials, chemicals, cement production, life sciences, and eco-business initiatives. Among its offerings in the chemicals segment, the company provides sodium silicate, which is available in solid form, catering to a variety of industrial applications. Recently, the company opened its subsidiary in India thereby expanding its market presence.
Related Reports:
Sodium Silicate Market by Form (Liquid, Solid), Application (Detergent & Cleaning Agents, Precipitated Silica, Pulp & Paper, Water Treatment, Other Application), & Region (North America, Europe, Asia Pacific, South America, MEA) - Global Forecast to 2029
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