February 24, 2020
According to the research report titled ‘Ethyl Polysilicate Market Size By Product (Ethyl Polysilicate 28, Ethyl Polysilicate 32, Ethyl Polysilicate 40), By Application (Residential Binding Agent, Cross-linking Agent, Adhesive Agent, Synthesis of Silica), By End Use (Paint and Coatings, Chemical, Metal, Textile, Pharmaceuticals, Optical) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, China, Japan, India, South Korea, Thailand, Malaysia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global ethyl polysilicate market is expected to cross USD 670 million by the year 2025.
According to the report, strict government regulations pertaining to environment conservation has enhanced the demand for technical textiles which in turn is a major factor driving the ethyl polysilicate market growth. The product is widely used in the textile industry since it facilitates in minimizing shrinkage and functions as a chemical modifier. However, ethyl polysilicate possess flammable and toxic properties that may lead to kidney, liver and eye disorders. Adding to this, long exposure of the product can cause severe health problems among workers, and thus these factors may hinder the market growth in the coming years.
Based on the end-use spectrum, the report cites that the pharmaceutical segment of ethyl polysilicate market is expected to grow by 3% by the year 2025. The product aids in maintaining airtight covering and hence prevents drug contamination. Increased pervasiveness of lifestyle diseases has bolstered the pharmaceutical industry, thereby fueling the segmental growth.
On the other hand, ethyl polysilicate market from metal industry end-use segment is presumed to surpass USD 80 million by 2025. The product offers bonding and adhesive properties and hence is used extensively in metal industry to prevent contamination of metal surfaces. Growing manufacturing of industrial equipment and machinery is fostering the demand for metal, thereby facilitating the industry scenario.
The demand for ethyl polysilicate in optical industry is expected to expand by 2.5% by the year 2025. The compound acts as a binding agent and thus is used for manufacturing eyeglass frames. Rising prevalence of ophthalmic disorders is favoring the market outlook.
As per the report, paints & coatings end-use segment of ethyl polysilicate market in India is predicted to cross USD 27.5 million by 2025. The growth is attributed to the product’s ability to reduce drying time along with water resistant properties. Rising construction of hospitals and schools is augmenting the demand for the product in paints & coatings application.
Meanwhile, UK ethyl polysilicate industry in terms of residential binding agent application segment is presumed to expand with a CAGR of 3.5% during 2019-2025. The product is widely used for manufacturing high quality coatings. Increasing construction activities are contributing towards popularity of the product in UK.
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Considering the geographical landscape, the report states that ethyl polysilicate 28 market in U.S. is expected to cross USD 55 million by the year 2025. The product comprises of 28% silica and operates as a modifying agent for producing enamel. This factor coupled with surging investments in R&D activities to develop innovative and efficient products is contributing towards the market growth.
The prominent companies operating in ethyl polysilicate market are Jinzhou Longhua Petrochemical Co. Ltd., Changzhou Wujin Hengye Chemical Co. Ltd, Zhejiang Zhengbang Organosilicon Co. Ltd., Zhangjiagang Xinya Chemical Co. Ltd., Zhangjiagang Longtai, Nangtong Chengua Chemical Factory, Momentive, Colcoat Co., Ltd., Wacker, Evonik, USI Chemical, Zhangjiagang Fortune Chemical Co. Ltd., Dr. Khan Industrial Consultants Pvt. Ltd., and Tritech Catalyst & Intermediate Pvt. Ltd. among others.
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