Press release
Global Sodium Silicate Market to Benefit from Increased Global Uptake of Detergents and Cleaning Agents, Market to Exhibit 1.92% CAGR
The intensely competitive vendor dynamics for the global market for sodium silicate features a large number of manufacturers spread across a number of regional markets. So as to gain a stronger hold on the market, companies are focusing on strategic collaborations with promising players operating in regional markets that feature good growth opportunities, observes Transparency Market Research in a recent report. As a result, there has been a significant rise in mergers and acquisitions. R&D activities have also witnessed a vast rise in the market in the past few years, focused at the development of products suited for a new set of applications.
The vast rise in production volumes in the past few years have led to a demand-supply gap, which has negatively impacted the profit margins of companies as companies are required to lower down costs of their products to survive in the market. This factor has also restricted the entry of new players in the market. Some of the leading companies in the market are CIECH Group, PQ Corporation, Silmaco NV, Evonik Industries AG, and BASF SE.
View Report Preview:
https://www.transparencymarketresearch.com/global-sodium-silicate-market.html
According to the report, the global sodium silicate market will exhibit a lackluster CAGR of 1.92% from 2016 to 2025. At this pace, the market is expected to rise from a valuation of US$4.9 bn in 2016 to a revenue opportunity of US$5.81 bn by 2025.
Asia Pacific to Remain Most Lucrative Regional Market
Of the key applications of sodium silicate, the segment of silica manufacturing presently accounts for the dominant share of the market and is the most lucrative application for the global sodium silicate market. In 2016, the segment held a nearly 26.8% of the overall market, followed by the detergent segment, which accounted for a relatively much lower 15% of the market in the said year.
Geographically, the market in Asia Pacific accounted for nearly 54% of the market in 2016, exhibiting a clear dominance, thanks to the vast production capacity of China. The high uptake of the compound in the production detergents, a variety of catalysts and chemicals, and construction materials in the region also make it one of the leading regional markets for sodium silicate.
Rising Global Demand for Detergents and Cleaning Agents to Drive Market
One of the key factors driving the global sodium silicate market remains its use in the production of a number of products in the construction, chemicals, and cleaning products industries. The rising demand for environment-friendly binding agents in the construction industry and the increased uptake of green tires in the automotive sector are also expected to prove to be highly beneficial for the global sodium silicate market in the next few years.
The market is also driven due to factors such as increased disposable incomes of people in developing economies and changing preferences regarding cleaning agents and detergents. Sodium silicate allows the maintenance of effective pH levels during cleaning activities. Thus the detergency of the cleaning product as well as the effectiveness of surfactants and soaps is improved. These benefits have made the use of sodium silicate highly popular in cleaning products and detergents, the demand for which has massively increased globally in the past few years. Moreover, the steady expansion of the waste water treatment and agriculture sectors in emerging economies across Asia Pacific, Africa, and Latin America is also expected to have a positive impact on the development of the global sodium silicate market.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3614
This overview of the global sodium silicate market is based on a recent market research report by Transparency Market Research, titled “Sodium Silicate Market (Application Type - Silica Manufacturing, Detergents, Chemicals & Catalysts, Paper Pulp & Board, Water Treatment, Construction Materials, and Soil Stabilization) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2025.”
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/
The vast rise in production volumes in the past few years have led to a demand-supply gap, which has negatively impacted the profit margins of companies as companies are required to lower down costs of their products to survive in the market. This factor has also restricted the entry of new players in the market. Some of the leading companies in the market are CIECH Group, PQ Corporation, Silmaco NV, Evonik Industries AG, and BASF SE.
View Report Preview:
https://www.transparencymarketresearch.com/global-sodium-silicate-market.html
According to the report, the global sodium silicate market will exhibit a lackluster CAGR of 1.92% from 2016 to 2025. At this pace, the market is expected to rise from a valuation of US$4.9 bn in 2016 to a revenue opportunity of US$5.81 bn by 2025.
Asia Pacific to Remain Most Lucrative Regional Market
Of the key applications of sodium silicate, the segment of silica manufacturing presently accounts for the dominant share of the market and is the most lucrative application for the global sodium silicate market. In 2016, the segment held a nearly 26.8% of the overall market, followed by the detergent segment, which accounted for a relatively much lower 15% of the market in the said year.
Geographically, the market in Asia Pacific accounted for nearly 54% of the market in 2016, exhibiting a clear dominance, thanks to the vast production capacity of China. The high uptake of the compound in the production detergents, a variety of catalysts and chemicals, and construction materials in the region also make it one of the leading regional markets for sodium silicate.
Rising Global Demand for Detergents and Cleaning Agents to Drive Market
One of the key factors driving the global sodium silicate market remains its use in the production of a number of products in the construction, chemicals, and cleaning products industries. The rising demand for environment-friendly binding agents in the construction industry and the increased uptake of green tires in the automotive sector are also expected to prove to be highly beneficial for the global sodium silicate market in the next few years.
The market is also driven due to factors such as increased disposable incomes of people in developing economies and changing preferences regarding cleaning agents and detergents. Sodium silicate allows the maintenance of effective pH levels during cleaning activities. Thus the detergency of the cleaning product as well as the effectiveness of surfactants and soaps is improved. These benefits have made the use of sodium silicate highly popular in cleaning products and detergents, the demand for which has massively increased globally in the past few years. Moreover, the steady expansion of the waste water treatment and agriculture sectors in emerging economies across Asia Pacific, Africa, and Latin America is also expected to have a positive impact on the development of the global sodium silicate market.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3614
This overview of the global sodium silicate market is based on a recent market research report by Transparency Market Research, titled “Sodium Silicate Market (Application Type - Silica Manufacturing, Detergents, Chemicals & Catalysts, Paper Pulp & Board, Water Treatment, Construction Materials, and Soil Stabilization) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2025.”
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
