Global Sodium Metasilicate Anhydrous Market Size Booming to Cross USD 1 Billion by 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global sodium metasilicate anhydrous market size at USD 737.7 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global sodium metasilicate anhydrous market size to grow at a CAGR of 5.35% reaching a value of USD 1,008.4 million by 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global sodium metasilicate anhydrous market size at USD 737.7 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global sodium metasilicate anhydrous market size to grow at a CAGR of 5.35% reaching a value of USD 1,008.4 million by 2029. Major growth drivers for the global sodium metasilicate anhydrous market include the increasing demand from the cleaning and detergent industry and the expanding construction sector. Sodium metasilicate anhydrous is an essential component in the manufacturing of detergents and cleaning agents, meeting the rising need for cleanliness and hygiene products in both household and industrial settings. As the world's population continues to grow, the demand for such cleaning solutions has surged, further fueling the necessity for sodium metasilicate anhydrous. Another driving force is the rapid growth of the construction industry, particularly in developing nations, has created a heightened demand for construction-related chemicals like sodium metasilicate anhydrous. This versatile compound plays a critical role in various construction applications, including enhancing the strength and effectiveness of construction materials such as concrete and cement admixtures. The market for sodium metasilicate anhydrous experiences significant growth with the increasing construction activities. Apart from meeting the rising demand, the eco-friendly and biodegradable properties of sodium metasilicate anhydrous have made it a preferred choice for industries aiming to embrace more sustainable practices. The mounting environmental concerns worldwide have led to a growing shift towards greener alternatives, propelling the demand for this compound. In conclusion, the increasing demand from the cleaning and detergent industry, the expanding construction sector, and the compound's eco-friendly attributes collectively drive the robust growth of the global sodium metasilicate anhydrous market. Companies increasingly prioritize efficiency and sustainability, making the future outlook for this compound highly promising. However, availability and cost of raw materials and health and safety concerns are anticipated to restrain the overall market growth during the period in analysis.
Global Sodium Metasilicate Anhydrous Market – Overview
Sodium metasilicate anhydrous is a crystalline silicate salt, presenting as a white powder with colorless, tasteless, and non-toxic properties. This chemical readily dissolves in water and possesses hygroscopic characteristics but remains insoluble in alcohol. It serves as an effective adhesive and binder, making it a preferred starting material for zeolites and silica catalysts. Notably, its uniform particle size and high surface area, along with a remarkable oil absorption rate, render it valuable in detergent applications. By facilitating the dispersion of dirt and maintaining the detergent's powder structure, it enhances cleaning efficiency. Additionally, sodium metasilicate anhydrous acts as a pH stabilizer and buffer, further expanding its utility. Its degreasing properties have led to its incorporation in soap formulations as well.
Impact of COVID-19 on Global Sodium Metasilicate Anhydrous Market
COVID-19 pandemic had a mixed impact on the global sodium metasilicate anhydrous market. The pandemic led to disruptions in supply chains, reduced manufacturing activities, and slowed down construction and industrial sectors. As people stayed home during lockdowns, the demand for cleaning and hygiene products increased, driving a short-term surge in the detergent industry. However, the overall market witnessed a decline due to decreased construction projects and industrial operations. Moreover, economic uncertainties affected consumer spending and investment in various industries. As the world has recovered from the pandemic, the sodium metasilicate anhydrous market gradually rebounded, with potential growth opportunities in sustainable and eco-friendly applications.
Global Sodium Metasilicate Anhydrous Market – By End Use
On the basis of end use, the global sodium metasilicate anhydrous market is divided into Detergents, Metal Cleaner, Ceramic, Textile, Paper Production, and Water Treatment segments. The detergents segment held the highest market share and is expected to maintain its dominance throughout the forecast period by end use. This is attributed to its widespread use in cleaning products. It is a vital component in detergents, cleaning agents, and industrial cleaning solutions, effectively dispersing and removing dirt. The rising demand for cleaning products, driven by growing hygiene awareness and global health concerns, has further boosted the detergent market. The compound's diverse applications in laundry detergents, offering improved stain removal and fabric care, contribute to its dominance. Additionally, its water-softening capabilities make it suitable for areas with hard water conditions. Manufacturers benefit from its cost-effectiveness and versatility, solidifying its position in the detergent industry.
Major players operating in the global sodium metasilicate anhydrous market include PQ Corporation, Solvay SA, Oriental Silicas Corporation, Evonik Industries AG, Nippon Chemical Industrial Co., Ltd, Rhodia (Solvay Group), Sinchem Silica Gel Co., Ltd, Henan Xiangtong Chemical Co., Ltd, and Tokuyama Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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