Europe Sodium Silicate Market: Industry Outlook by 2026

Posted by PratikshaM on July 30th, 2019

The Europe market for sodium silicate is competitive in nature and is projected to enjoy a healthy competition in the next few years, states a new market intelligence report by Transparency Market Research. Some of the key players operating in the sodium silicate market in Europe are PPG Industries, PQ Corporation, Evonik Industries, Tokuyama Europe GmbH, BASF SE, and W.R. Grace & Company. The leading players in the market are focusing on the different stages of the value chain. Some of these companies are captively consuming the soda ash for the production of the sodium silicate and then provide services to the industries, such as agriculture, detergents and cleaning agents, elastomers, coatings, food and healthcare, and paper and pulp. As a result, the leading companies in the market have a robust presence across the different stages of the value chain. In addition to this, research and development activities in the market are estimated to accelerate the growth of the overall market in the next few years.

Planning to lay down strategy for the next few years? Our report can help shape your plan better

According to the market research study by Transparency Market Research, in 2013, the Europe market for sodium silicate was worth US8.8 mn and is projected to reach a value of US7.6 mn by the end of 2020. The market is likely to register a 1.50% CAGR between 2014 and 2020. On the basis of volume, in 2013, the Europe sodium silicate market stood at 1,005 kilo tons and is predicted to witness a steady rise throughout the forecast period.

Rising Demand for Automotive Tires to Drive Italy, France, and Germany Markets

The Europe market for sodium silicate has been categorized on the basis of geography into Austria, Germany, Slovakia, The Czech Republic, Ukraine, Italy, France, Poland, and the Rest of Europe. In 2013, France, Italy, and Germany collectively accounted for a share of about 40% of the market. As per the research study, these countries are projected to register a strong growth rate in the next few years. The high growth of these nations can be attributed to the rising manufacturing activities of automotive tires. Furthermore, several countries in the Rest of the Europe segment, such as Spain, the U.K., and the Netherlands are predicted to experience a promising growth, thanks to the rapid development of the detergents industry.

Are you a start-up willing to make it big in the business? Grab an exclusive sample of this report here

Among the key applications, the detergents segment is expected to witness a high growth throughout the forecast period. The strong growth of this region can be attributed to the development of the specialty detergents and cleaning products market. Furthermore, the segment for elastomers is anticipated to register a high growth in the next few years, thanks to the development of the automotive industry across Europe. Furthermore, the food and healthcare, catalysts, and other application segments are predicted to register a healthy growth in the coming few years.

Get a PDF Brochure Detailing about the current size & value of the market with all other necessary information

Development of Construction Industry to Encourage Market Growth

The growing demand for detergents across Europe and the increasing demand for precipitated silica from the tire and rubber industry are some of the major factors that are projected to encourage the growth of the Europe sodium silicate market throughout the forecast period. In addition to this, the rising demand from the paper and pulp industry is another major factor, which is likely to accelerate the growth of the market in the near future. On the other hand, the rising use of substitutes in several applications and the harsh effects of sodium silicate are projected to restrict the growth of the overall market in the near future. Nonetheless, the rapid growth of the construction industry is projected to offer potential growth opportunities for the market players in the next few years.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.