Sodium Silicate Market 2030: The Rise of Eco-Friendly Applications
Sodium Silicate Market Growth & Trends The global sodium silicate market size is expected to reach USD 15.62 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. Growing demand in manufacturing household as well as industrial detergents is anticipated to propel product demand over the forecast period. Sodium carbonate and silica sand are the key raw materials used for the production of sodium silicate. Presence of numerous raw material suppliers across the globe eases the procurement of key feedstock, thus impacting the overall production on a positive note. Major companies including GHCL limited, Tata Chemicals Limited, Solvay S.A. and Merck Millipore are involved in the production of raw materials used for sodium silicate manufacturing. The pricing strategy for the compound is driven by the quality of the product. As a result, industry players are likely to invest more on R&D to reduce produ...