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....