The global sodium silicate market is anticipated to witness a staggering CAGR in the forthcoming period.
Market opportunities such as rising demand for silica from rubber & tire industry and demand from construction and water treatment projects is likely to contribute significantly towards the market growth.
On the other hand, challenges such as variation in price of raw materials and existence of cheap substitutes is likely to refrain the market growth in the forecast period.
Physically, it is soluble in water and is prepared by reacting silica sand sodium carbonate at a high temperature.
The sodium silicate market is bifurcated into application and geography.
Application segment for sodium silicate includes detergents, precipitated silica, pulp & paper, detergents, iron & metal casting, water treatment and food preservation.
Global consumption of sodium metal was estimated to the tune of 98,400 MT in 2016. It is projected that demand will grow at a CAGR of 3.3% through 2024 and surpass 127,400 MT. The sluggish demand for sodium metal is on account of a slew of factors, including its impact on the environment and growing use of alternatives, such as magnesium. Challenges associated with handling and storage can also impede demand. Owing to these factors, a number of manufacturers have either shut down their sodium metal manufacturing units, or have reduced their production capacity.
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In the backdrop of changing demand preferences, manufacturers are focusing on developing variants that have a lesser impact on the environment. Application-specific sodium metal is quickly gaining traction among manufacturers, as demand for these variants is currently higher. Leading players in the global sodium metal market include Inner Mongolia Lantai Industrial Co. Ltd., Wanji Holdings Group Limited, MSSA S.A.S., and Shandong Moris Tech Co. Ltd.
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Key trends expected to shape the sodium metal market include,
• Use of sodium metal in the manufacture of Indigo dyes will continue to offer growth opportunities to manufacturers
• Use of sodium methylate as a catalyst in large-scale biodiesel production will remain a driving factor during the forecast period
• Metal manufacturers and refiners use sodium metal as a reductant; steady demand from this sector will continue to fuel growth
• Competitive oligopoly will remain the prevailing status quo in the market; few manufacturers will continue to hold sway of the market
Sodium metal finds application in a number of end-use industries, with chemical synthesis among the most prominent applications. This segment currently accounts for over 70% revenue share of the market; by 2024, the revenue share is expected to reach 72%. This application segment will continue to provide growth opportunities to manufacturers during the forecast period. The overall weak demand for sodium metal will be offset to a certain extent by demand from the textile sector, where it is widely used for chemical synthesis.
Asia Pacific is the largest market for sodium metal globally, and it will continue to remain the most lucrative market during the forecast period. Asia Pacific is home to numerous textile manufacturing hubs, and on account of steady demand from these centers, demand for sodium metal is anticipated to remain steady during the forecast period. In 2016, 53,690 MT of sodium metal was consumed in APAC, and demand is projected to remain moderate during the forecast period. In Europe, demand for sodium metal is projected to reach 24,200 MT by 2024.
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Global Sodium Chlorite Market size is expected to reach USD 256.4 million by 2025. The increasing demand for sodium chlorite from various industries like healthcare and sanitation due to its excellent disinfectant, antimicrobial, and bleaching properties and growing urban population that increases use of sodium chlorite for water purification are major factors expected to boost the sodium chlorite market growth in the future period. The compound is hard to burn, but accelerates the burning of organic constituents.
However, increasing cost of raw material, stringent government rules & regulations regarding the use of sodium chlorite, and availability of alternatives such as hydrogen peroxide & ozone used for pulp bleaching are expected to restrain the sodium chlorite industry in the forecast period. The demand for sodium chlorite as a bleaching agent is expected to grow at a CAGR of 4.6% in the forthcoming years due to its superior oxidizing properties.
The research report included company profiles of top manufacturers, their data, deals income, revenue share, deal volume, and purchaser volume is equally specified.
It also contains forecasts using a suitable set of expectations and approaches.
The report determines with the profiles of foremost players in the global.
The major market players are estimated on various factors such as company overview, product selection, and revenue of ‘Global Vienna Horn Market’.
‘Global Vienna Horn Market’ Report covers market appearances, size and progress, segmentation, provincial collapses, competitive background, market shares, tendencies and strategies for this market.
Significant financial deals which have molded the market in the previous years are recognized.
The global adblue market is expected to gain a significant CAGR in the forthcoming period.
Adblue is a registered trademark of German Association of Automotive Industry for AUS 32.
DEF is basically used in curbing harmful nitrogen oxide emissions emitted by diesel engines.
A DEF further splits the nitrogen oxide via SCR into nitrogen and water.
North America adblue market is expected to follow the trend owing to favourable government norms for automobile industry and rise in aftermarket sales for the same.
Rise in awareness in regards to environment protection adds as a major driving factor in U.S. market.
