The global sodium silicate market size was US$ 7.7 billion in 2021. The global sodium silicate market is forecast to grow to US$ 10.2 billion by 2030, registering a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2022 to 2030.
Sodium silicate is a colorless compound that is used to manufacture soaps and detergents. In addition, the compound is used as cement, filler, binder, and adhesive for wall coating, fireproofing material, and as a sealant. In addition, it is highly efficient in preserving eggs and wood.
COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected the sodium silicate market, as the mash and paper industry has been severely impacted. This is due to the cross-country lockdowns and import-export bans. However, the increasing demand for cleanliness products such as cleansers, sanitizers, and tissue paper has been a prominent factor fueling the market growth even during the pandemic. Thus, the soap and detergent segment revived the growth of the sodium silicate industry.
Regional Analysis
Due to the presence of a high number of organizations, Asia-Pacific will hold the highest market share during the forecast period. China is forecast to account for the largest share of the Asia-Pacific market. Asia-Pacific is home to major sodium silicate manufacturers such as Tokuyama Corporation and Nippon Chemical Industrial in Japan, Kiran Global Chem Limited in India, Sinchem Silica Gel, and Shijiazhuang Shuanglian Chemical Industry in China.
Factors Influencing the Market
Market Segmentation
The global sodium silicate market segmentation focuses on Application, Type, End-User, Form, Grade, and Region.
By Application
By Type
By End-User
By Form
By Grade
By Region
Competitors in the Market