Sodium Silicate Market 2015 Share, Trend, Segmentation and Forecast Sodium Silicate Market - Global Industry Analysis, | Page 2

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Detergents was the largest application segment of the sodium silicate market,
accounting for over 35% of the global sodium silicate market in 2014. Elastomers
are estimated to be the fastest-growing segment during the forecast period due to
growth in the automotive industry. Furthermore, catalysts, food & healthcare, and
other applications are likely to witness above-average growth during the forecast
period.
Key players in the sodium silicate market include PQ Corporation, PPG Industries,
Evonik Industries AG, BASF SE, Tokuyama Europe GmbH, and W.R. Grace &
Company. Some companies in the sodium silicate market are integrated across
various stages of the value chain.
Major producers of sodium silicate are expanding their operations in the
international markets. Reduced demand combined with rising energy and raw
materials costs have adversely impacted the chemical industry in Europe. Lower
cost of production in China and other countries in Southeast Asia have prompted
sodium silicate producers to set up manufacturing units in these regions and shut
down their plants in Europe and North America in the past few years. Hence,
demand for sodium silicate is expected to be moderate during the forecast period.
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