August 16, 2019
Global sodium metasilicate pentahydrate market is expected to cross US $875 million by the year 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
The rising consciousness regarding sustainable development is encouraging the consumers around the globe to switch to electrical vehicles in order to decrease the emission of greenhouse gases. The automobile industry is constantly working towards developing alternative fuel vehicle and reducing vehicle weight, thereby propelling the sodium metasilicate pentahydrate market.
According to the report, the increasing construction and redevelopment activities in Asian countries like India, Malaysia, China, and Singapore will boost the demand for cement, driving the 50% sodium metasilicate pentahydrate demand from cement applications, which is set to exceed US $30 million over the forecast period. The product is used as connecting agent for manufacturing refractory cement and imparts features like hardness and heat & chemical resistance to cement, thereby boosting its use in construction activities. Numerous initiatives taken by the governments for ecological & sustainable construction projects will expand the market share of 50% sodium metasilicate pentahydrate.
Additionally, washing powder & detergent application for 99% sodium metasilicate pentahydrate is anticipated to surpass the market value of US $100 million by the year 2025, owing to the use of product in the production of detergents, laundry soaps, and washing powders. The 99% product grade is known to have oil & grease removal features, buffering agent properties, and anti-redeposition characteristics. Increasing use of laundry detergents in various sectors such as restaurants, textile, hotels, and hospital among others will promote the market growth, claims the study.
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Considering the regional landscape, European cosmetics application segment of 29% sodium metasilicate pentahydrate market is projected to surpass US $5 million over the forecast. The product is used as peroxide bleach stabilizer and is majorly used in hair color products. Growing inclination for hair color as a need for geriatric population and as fashion trend for millennials, will contribute to the product demand in approaching years.
Major players operating in the sodium metasilicate pentahydrate market include Sigma Aldrich, Nippon Chemical Industrial, Ricasil Industries, Diatom, American Elements, Sunrise Chemicals, Shanghai Yueda Industrial & Chemicals, Graham Chemical Corporation, and Silmaco. These organizations are constantly focusing on producing improved quality products according to regulatory norms and expanding the product portfolio & regional scope.
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