The North America sodium silicate market is expected to
reach USD 1.05 billion by 2025, according to a new report by Grand View
Research, Inc. North America sodium silicate industry is expected to grow on
account of high product demand in mining, water treatment and agriculture
applications.
The industry is expected
to be highly competitive owing to the presence of major manufacturers including
PQ Corporation, PPG Industries, and OxyChem Corporation which dominate the
market. High production capacities, wide geographical reach and distribution
network offered by these players give them a competitive edge over their
counterparts.
The industry players are
likely to increase their investment in R&D to enhance product quality and
reduce the cost to gain a higher market share. However, high transportation
costs associated with liquid sodium silicate coupled with fluctuating raw
material price is expected to impact the industry growth.
The majority of the
players in the industry are involved in the captive consumption of the product
to produce silica gel, precipitated silica and zeolites in order to tap the
rising consumer demand. The scope for the sodium silicate production using an
innovative bio-based raw material such as rice husk is expected to open new
avenues for the industry players.
Browse full report by Grand View
Research :
Further key findings from the report suggest:
·
Detergents
was the largest application segment in 2016 and is likely to grow at a CAGR of
4.1% from 2017 to 2025 owing to high demand for sodium silicate for
manufacturing industrial and household cleaning products
·
Pulp
and paper segment accounted for 12.3% of the overall demand in 2016 on account
of wide application scope for the product to manufacture binding corrugated
board, angle boards, paper napkins and toilet tissues
·
FDA
and EPA have approved the product as safe food additive and drinking water
additive for human consumption thereby driving the demand in the region in food
& healthcare applications
·
PQ
corporation and Oxychem Corporation dominated the industry accounting over 50%
of the overall production in the U.S. The presence of manufacturers with high
production volume and well established distribution network in the region is
expected pose threat to the emerging players
·
The
product pricing, quality and product grades are expected to be the key
parameters influencing buyer’s decision. As a result, the manufacturers are
likely to invest more in R&D to gain higher share
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/green-building-materials
Grand View Research has
segmented the North America Sodium Silicate market on the basis of application,
and country:
Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Detergents
·
Catalysts
·
Elastomers
·
Pulp
& paper
·
Food
& Healthcare
·
Others
Country
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North
America
o
U.S.
o
Canada
o
Mexico
Access
press release by Grand View Research: http://www.grandviewresearch.com/press-release/north-america-sodium-silicate-market-analysis
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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