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Showing posts with the label Global Sodium Silicate Market

Sodium Silicate Market: Detergents Segment becomes Key Consumer as Industries Focus on Hygiene, TMR

The leading players in the   global sodium silicate market   are PQ Corporation, Occidental Chemical Corporation, and Kiran Global Chems Ltd. Collectively these players held a share of 12.8% in the global market in 2014, states Transparency Market Research (TMR). Companies are expected to invest in backward integration, which refers to production of both sodium silicate and the raw materials required for its production in the coming years. To stay ahead of the competition these companies are expected to offer services to the end-user industries in the near future.  According to the research report, the global sodium silicate market is estimated to rise at a CAGR of 2.5% between 2015 and 2023. The market stood at US$5.8 bn by the end of 2016 and is expected to reach a valuation of US$6.9 bn by the end of 2023. The widening application of this colorless compound are expected to drive the global market on the path of success over the forecast period. Browse The Ful...

Global Sodium Silicate Market: Key Players Focus on Strategic Alliances to Consolidate Position, finds TMR

Due to the highly fragmented nature of the   global sodium silicate market , companies are entering into strategic alliances and mergers and acquisitions with local players to increase their market shares and garner higher profit margins, observes a new study by Transparency Market Research (TMR). Some of the major companies making a mark in the global sodium silicate market are PQ Corporation, Evonik Industries AG, Tokuyama Europe GmbH, PPG Industries, BASF SE, and W.R. Grace & Company. China is a major hub of sodium silicate producing companies with these companies accounting for almost 85.6% of the global sodium silicate market in 2014.  The global sodium silicate market is expected to be valued at US$6,933.6 mn by 2023 increasing from US$5,561.4 mn in 2014 at a CAGR of 2.5% between 2015 and 2023. In terms of volume, the global sodium silicate market stood at 9,368.5 kilo tons in 2014 and is projected to reach 11,195.8 kilo tons by 2023 expanding at a CAGR of 2....