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The global sodium silicate market is projected to register a CAGR of 4.61% from 2022-2030 and reach a valuation of US$ 11.18 Billion by 2030. The market is expected to see average annual growth rate shifting between 3-8% over the forecast period.
The key factors driving market growth include the rising demand for sodium silicate in the water treatment industry and the consistent growth of major end-use industries. Concrete treatment and the construction sector both employ sodium silicate in large quantities for the production of mortars and refractory cement. It is used in detergent production to lower the surface tension of the final product, making it easier to effectively remove dirt and debris from surfaces. It is also employed in metal and car repair, dissolved and particulate lead reduction in water, and the production of toilet paper, paperboard laminates, and paper towels in the paper and pulp sector.
Sodium silicate is also used in the beauty and cosmetics industry to manufacture lotions that reduce wrinkles. Other applications of the chemical include their use as a deflocculant for manufacturing casting slips, uses in the ceramic industry, use in the refractoriness business as an air-setting bond, and for a variety of things before enameling.
The top 8 players in the market collectively hold only about 25-35% of the market share. Some of the key players in the market are BASF SE, Evonik Industries AG, CEICH S.A., Nippon Chemical Industrial, and Merck Millipore. Key players are embracing various approaches such as acquisitions, mergers, and product launches to survive in the highly competitive market.
Current strategies adopted by key market players are:
Factors leading to the increasing interest of players in the sodium silicate market are:
Rising demand for sodium silicate in major end-use Industries
The market is expected to benefit from the high global demand for sodium silicate across a wide range of application areas, including paper & pulp, rubber, detergent, and food and beverage. Silica gels and silica sols are expected to see increased demand in a variety of sodium silicate applications, including paints and coatings, plastics, and ink. This chemical is employed in the automotive sector as a crack sealer for repairing resonators, exhaust system joints, tailpipes, mufflers, and other parts. Beer and wine are clarified with sodium silicate flocculant, which precipitates colloidal particles. In aquaculture hatcheries, sodium silicate gels are employed as a substrate for the growth of algae.
Increasing demand for sodium silicate in water treatment
In wastewater treatment facilities, sodium silicate is employed as an iron flocculant and alum coagulant. Larger accumulates are produced when sodium silicate glues to colloidal molecules and sinks to the bottom of the water column. Earlier, sequestrants and corrosion inhibitors have been employed for treating drinking water. Due to the properties of sodium silicate and its reasonable prices, this chemical has been widely used in water treatment plants in various industries.
Factors restraining market growth
Hazardous effects of Sodium Silicate
Products containing sodium silicate are often offered in concentrations of 20% to 60%. The human body suffers serious harm when exposed to sodium silicate in high quantities. Human mucous membranes, upper respiratory tract, lungs, skin, and eyes get irritated when exposed to solutions containing high quantities of sodium silicate. In pulp & paper and detergent applications, sodium silicate can also be swapped out for other pH modifiers such as sodium carbonate and Trisodium Phosphate (TSP). Therefore, the hazardous side effects of sodium silicate and the availability of alternatives for some applications may limit the market's expansion.
The sodium silicate market witnessed a decline during COVID-19
The COVID-19 pandemic hindered the growth prospects of the sodium silicate market, particularly as the demand declined across the badly impacted pulp and paper industry. On the other hand, the demand for sanitation products including such as sanitizers, detergents, handwashes, and tissue paper surged in 2021, which led to increased demand from detergent producers.
Due to ongoing supply chain problems in the market and production cuts by players as a result of the COVID-19 pandemic, the sodium silicate market is expected to continue to experience supply constraints in H2 2020. Long-term supply risks could also persist in the sodium silicate market due to the lack of significant capacity expansions by leading market players.
Based on type, the liquid sodium silicate segment accounted for more than 85% market share in 2021. With liquid sodium silicate still part of different study lines across a variety of labs and research institutes it is expected to see sustainable growth. For vendors competing in the global liquid sodium silicate market, newer opportunities for market innovation.
In terms of grade, the alkaline segment dominated with a market share of 80.8% in 2021. Alkaline sodium silicates have several properties that are useful and not shared by other alkaline salts. Due to these properties as well as their low cost, alkaline sodium silicates find extensive use across a range of applications including coagulant aids, anti-corrosives, catalyst bases, deflocculates, chemicals, zeolites, adhesives, detergents, components in cleaning compounds, cement, binders, and special coatings. Many challenges related to purification and treatment in industrial and chemical processes can be effectively and affordably resolved by using the various features and functional traits of soluble silicates.
Based on form, the crystalline form segment is expected to register the highest CAGR of 4.7% over the forecast period. In 2021, the crystalline segment dominated and is anticipated to continue to grow at a CAGR higher than global average over the forecast period. This is ascribed to the use of crystalline sodium silicate use in areas such as floor cleaning, laundry, dairy, metal, and fireproofing. It is also utilized in antibacterial compounds, deinking paper, pesticides, fungicides, and washing carbonated beverage bottles.
Based on material, the market is segmented into sodium oxide and silica. In 2021, the silica segment held approximately 75% of the market and expected to grow at CAGR of 4.6% over the forecast period.
By End Use:
Based on end use, the market is segmented into residential, industrial, and commercial segments. The industrial segment held the highest share in 2021, thanks to the high use of sodium silicate in industrial applications such as soil stabilization, concrete hardening, and cement refractories. The construction sector also accounts for a significant share of the market.
In terms of application, the detergent category accounted for nearly 33.8 % of the market in 2021 and is expected to retain its dominance during the forecast period. Sodium silicates are used in a variety of detergents, including the detergents used for metal cleaning, textile processing, laundry, de-inking paper, dishwashers, dairy equipment, bottles, floors, and locomotives. Synthetic detergent formulations contain sodium silicates to reduce corrosion and alkali attack. Without using the product, detergent formulas would be harsh for washers made of zinc or aluminum.
Fine China and porcelain embellishments may also have their surfaces glazed with synthetic detergent composition silicate. Therefore, the increasing demand from the soap and detergent sector is expected to support the growth of the sodium silicate market during the next several years.
The Global Sodium Silicate market is sub-segmented into:
By End User
|Market Size Value in 2021||US$ 7.64 Billion|
|Expected Revenue in 2030||US$ 11.18 Billion|
|Unit||Value (USD Bn)|
|Segments covered||By Type, By Grade, By Form, By Material, By End-User, By Application, By Region|
|Key Companies||BASF, CIECH S.A., EVONIK INDUSTRIES AG, GLASSVEN C.A., KIRAN GLOBAL CHEM LIMITED, MERCK MILLIPORE LIMITED, NIPPON CHEMICAL INDUSTRIAL CO., LTD., OCCIDENTAL PETROLEUM CORPORATION, PQ GROUP HOLDINGS INC., SINCHEM SILICA GEL CO. LTD., TOKUYAMA CORPORATION|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
The Global Sodium Silicate Market was valued at US$ 7.64 Billion in 2021.
The Global Sodium Silicate Market is projected to grow with a CAGR of 4.61% during 2022-2030.
Silica sand and Sodium carbonate are the two principal raw materials used in the manufacture of sodium silicate.
Sodium silicates are used in a variety of detergent processes, including metal cleaning, textile processing, laundry, and de-inking paper, as well as to wash dishes, dairy equipment, bottles, floors, and locomotives.
Residential, Industrial and commercial end users make up the end-user sectors for the sodium silicate market. The industrial segment dominated the market in 2021.
China is dominating the market by 39.5% in the Asia Pacific region in 2021.
In terms of Grade, the Alkaline segment holds 80.8% of the global market share in 2021.
Based on material, the market is segmented into sodium oxide and silica in which sodium oxide has been expected to grow at a CAGR of 4.75% during the forecast period.
Due to ongoing supply problems in the market and production cuts by players because of the COVID-19 pandemic, the sodium silicate market will continue to experience supply constraints in H2 2020.
The growing demand for detergents globally and rising demand for precipitated silica from the rubber & tire industry are the major drivers for the global sodium silicate market.
Toxicity of sodium silicate and stringent regulation by government for the use of this substance are a major area of concern hindering sodium silicate market.
Construction and paper & pulp industry is the major area of development in the industry.
The key manufacturers operating in the market are Tokuyama Corporation, Evonik Industries AG, Merck Millipore Limited, Nippon Chemical Industrial Co. Ltd., PQ Group Holdings Inc., Occidental Petroleum Corporation, CIECH S.A., Sinchem Silica Gel Co. Ltd., Shijiazhuang Shuanglian Chemical Industry Co. Ltd., and Kiran Global Chem Limited.