H1 2023: During H1 2023, the leading producers of Sodium Silicate were Qingdao Dongyue Sodium Silicate Co., Ltd., PQ Corp., and Kiran Global Chems Limited. In March 2023, AkijBashir Group opened its very first Sodium Silicate Plant. The plant is located in AkijBashir Group economic zone, in Raimoni, Trishal of Mymensingh, and has a production capacity of 14.8 thousand tonnes per annum. Regionally, Asia Pacific held the position of the largest consumer of Sodium Silicate during H1 2023. Due to limited amount of product in the market, the sodium silicate market in Asia saw an inclined pattern in the first three months of 2023. There were expensive exports from China after the Lunar Holidays as well. The market for sodium silicate was positively influenced by healthy demand for sodium silicate by the downstream precipitate silicate industry. Although, from April 2023, sodium silicate prices continuously declined in China. In North America, Sodium silicate market witnessed bearish market sentiment in H1 2023. Due to weak demand from the downstream industries, the price of sodium silicate dropped throughout the first half of 2023. The product's price was constrained by the ample of supply and the low demand from downstream industries. Additional factors were the sluggish construction sector backed up by high interest rates and inflation in the US market.
H1 2022: During H1 2022, the prominent market players in the global Sodium Silicate market were PQ Corp., Qingdao Dongyue Sodium Silicate Co., Ltd., and Kiran Global Chems Limited. Although, PQ Corp., was the biggest global producer of Sodium Silicate in H1 2022. In January 2022, Asia Chemical Engineering Co., Ltd, located at Hangzhou, China, began the functioning of their plant at Zambia. The plant has an annual production capacity of 10 thousand tonnes of solid sodium silicate. Geographically, Asia Pacific held the position of the largest consumer of Sodium Silicate during H1 2022. The Asian market for sodium silicate remained stable throughout the period of H1 2022. It was backed up by the strong demand of the product and steady increase of the inflationary pressure on the producers. Product prices rose in China as the nation faced a hike in new pandemic cases, which led the government to impose stringent lockdown restrictions. Meanwhile, the Indian sodium silicate market remained optimistic during H1 2022 with fundamentals of demand for the products high across the Indian domestic market during H1 2022. Similar market trend was observed in Europe during H1 2022. Sodium silicate prices rose in Germany in H1 2022 due to high inflationary pressures and steady purchases from downstream industries, along with hike in prices of silica raw material.
H2 2022: In H2 2022, Asia Pacific experienced an interesting trajectory of Sodium Silicate prices. Sodium silicate price trends showed a steady decline in July 2022 to the end of August 2022 distributors in Japan and Vietnam market were influenced by the decline in the demand of sodium silicate in Asian markets. However, Japan saw the steepest price drop of Sodium Silicate than any other major Asian country in the first week of July 2022. As in other major Asian economies, negative market sentiment in China was observed and the prices of sodium silicate fell in the nation. Sodium Silicate prices continued to fell in the Asia Pacific region in November 2022. The Chinese market has impacted the price dynamics of sodium silicate. In addition, traders had sufficient inventory of products to meet all needs of the Asian markets. Demand for sodium silicate was moderate during the last three months of 2022, with a slight improvement in demand in November compared to October 2022. However, due to sufficient availability, the price of the product has not been able to register positive price movements in the Asia Pacific region. Although, sodium silicate prices in European markets faced a downward trend in H2 2022 as an impact of ample of inventory and the low purchase orders of sodium silicate in the region.
The global Sodium Silicate market has expanded to reach approximately 8.3 million tonnes in 2022 and is expected to grow at a CAGR of 3.74% during the forecast period until 2035. On 17th January 2022, Asia Chemical Engineering Co., Ltd, Hangzhou, China, began running their new Solid Sodium Silicate plant in Zambia.
Sodium Silicate is a common name for a group of compounds which comprise of the formula Na2xSiyO2y+x and include various silicates including the sodium metasilicate. A combination of silica (quartz sand), caustic soda, and water when treated with hot steam in a reactor, creates sodium silicate. It is commonly named as waterglass, appear colourless and are readily soluble in water. Sodium silicate displays numerous properties like, stability at high temperature, resistance to acidic medium and basic medium. The industrial applications include detergents, drilling fluids, soaps, refractory cement, soil stabilization, zeolites, adhesives, and mineral processing.
The primary market driver for the global sodium silicate market is for the preparation of Precipitated Silica. Precipitated Silica industry have applications such as coatings, rubbers, adhesives, sealants, inks, and adhesives. This industry consumed about 37% of the global Sodium Silicate market in 2022 and is estimated to dominate the market in the forecasted time as well. Precipitated Silica has numerous applications in the rubber & plastic industry, food processing, pharmaceuticals, and defoaming applications. Additionally, the industrialization and growth of construction activities will provide a thrust to the Sodium Silicate demand in the forecast period. The construction industry's growing use of the products for soil treatment, concrete refractories, and concrete strengthening is also helping the market expand. Moreover, the application of Sodium Silicate in the paper industry as an adhesive, as well as a stabilizer for pulp bleaching and as an additive for de-inkling recycled paper will further swell up the demand of Sodium Silicate in the forecast period. The global Sodium Silicate market is expected to reach a demand of approximately 13.5 million with a CAGR of 3.74% by the forecast period.
Based on demand by region, Asia Pacific dominates the global Sodium Silicate market. In 2022, Asia Pacific consumed approximately 50% of the sodium silicate market. It is anticipated that Asia Pacific will continue to dominate the market in the forecast period. Major developing nations situated in Asia Pacific region are investing on their infrastructure. Sodium silicate is employed in the construction of infrastructure as a binder or glue that offers much-needed strength to building structures. Thus, infrastructure development will expand the global Sodium Silicate market in the forecast period. Based on production, China is leading across the globe with the largest sodium silicate production capacity.
Based on type, the Sodium Silicate market is segregated into Liquid and Dry Solid. Liquid type dominates the global Sodium Silicate market and with a market share of about 68% in 2022 and is expected to dominate the market in the forecast period.
Based on the end-user industry, the global Sodium Silicate market is segmented into Precipitated Silica, Detergents, Paper Production, Titanium White, and Others. The Precipitated Silica industry is the dominating the Sodium Silicate market with and is expected to dominate the market till 2035. It is anticipated to remain the primary consumer in forecast period. Detergent and Paper Production Industry also hold significant shares of this market.
Major players in the production of Global Sodium Silicate are PQ Corp., Occidental Petroleum Corporation-Oxy (Diamond Shamrock), CIECH Vitrosilicon S.A., DuPont de Nemours, Qingdao Dongyue Sodium Silicate Co., Ltd., Kiran Global Chems Limited, Wecan Industrial Corporation, SINCHEM (Tengzhou Hongtai Chemical Co.,Ltd), Luoyang Qihang Chemical Industrial Co.,Ltd, Iran Silicate Industries Group, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2035
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Silicate which covers production, demand and supply of Sodium Silicate market in the globe.
• To analyse and forecast the market size of Sodium Silicate
• To classify and forecast Global Sodium Silicate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Silicate market in the globe.
To extract data for Global Sodium Silicate market, primary research surveys were conducted with Sodium Silicate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sodium Silicate market over the coming years.
ChemAnalyst calculated Sodium Silicate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Sodium Silicate across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Silicates manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Silicates distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Silicates manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sodium Silicates market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size Volume in 2022
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8.3 million tonnes
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Market size Volume by 2035
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13.5 million tonnes
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Growth Rate
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CAGR of 3.74% from 2023 to 2035
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2035
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Quantitative units
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Demand in million tonnes and CAGR from 2023 to 2035
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Country-wise import, country-wise export, Manufacturing Process, Policy and Regulatory Landscape.
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Segments covered
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By End-Use: (Precipitated Silica, Detergents, Paper Production, Titanium White, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
