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.
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http://www.grandviewresearch.com/industry-analysis/north-america-sodium-silicate-market
http://www.grandviewresearch.com/industry-analysis/north-america-sodium-silicate-market
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
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
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.
