As per reports, global sodium silicate market size is projected to reach an annual valuation of more than USD 11.5 billion by 2024. However, high volatility associated with raw material prices and adverse health effects caused by the product consumption will bring negative impetus to the industrial growth.
Sodium silicate market will be significantly driven by the growing demand for sodium derivatives, precipitated silica, and zeolites that act as catalysts in several chemical and bio-based processes. The compound is a basic source of silica and yields major benefits in various industries such as paper and pulp, detergent, food and beverage, and rubber. Increasing adoption of derivatives like silica sols and gel in plastics, paints, coatings, and ink applications will bolster the market trends over the coming years.
Sodium silicate market can be distinguished into powder and liquid forms. The powder compound is widely utilized as an anti-oiling and binding agent in soaps, detergents, and various other applications. It is also employed as an ingredient in welding rods as well as ceramic adhesives. Powered sodium silicate also acts as an emulsifier apart from being a flame retardant and antirust agent.
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Consistent demand across varied applications
Sodium silicate is deployed in numerous industries ranging from food and healthcare, detergents, paper and pulp, elastomers among others. In paper industry, the sodium component is used to bind particles in corrugated board, angle board, and paperboard laminates. In food industry, the material is applied as an ingredient in cake mixes, powdered soups, and powdered milk along with being used as a basic food additive to prevent clumping and caking.
Owing to a high content of silica in adhesives, sodium silicate is highly adopted in the application as the product eradicates a small portion of solid-state water. Adhesives are highly recommended for use due their improved ability to expand and adjust in broad range along with forming a rigid, strong, and permanent layer.
Expanding regional market trends
Europe sodium silicate industry share is likely to surge over the next few years through support from paper and pulp, and healthcare industries. The chemical is deployed as a filler in elastomers during production and see high demand in countries like Germany. Higher adoption of the compound in developing economies, including India, can be observed to meet the rising demand for detergents and other FMCG products. In the construction sector worldwide, sodium silicate acts as sealer in concrete countertops.
In North America, burgeoning product demand owing to rising investments in building sector together with minor tax cuts and rising consumer spending will stir the regional industrial growth post-2020 dominant COVID-19 outbreak. W.R. Grace & Co partnered with Chevron Products and invested nearly USD 135 million to enhance the capacities at their existing alumina and sodium silicate production facility in Lake Charles.
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Rising investments to enhance production
Companies providing sodium silicate solutions are eagerly working towards investments to develop enhanced products and gain a competitive edge. Key participants are also focused on technical developments in production activities to replace traditional raw materials with alternatives like rice husks. For instance, BASF, a German based leading chemical company, made investments up to millions of euros in modernizing and renovating its existing facility at Düsseldorf-Holthausen.
Few of the other global leaders include Glassven C.A, M. Huber Corporation, PQ Corporation, OxyChem Corporation, Agrigenic Chemicals, Inc., PPG Industries, and Malpro Silica Private Limited.
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