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.
U.S. Sodium Silicate market by
application, 2014 - 2025 (USD Million)
Browse full research report on 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
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/north-america-sodium-silicate-market-analysis
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
No comments:
Post a Comment