U.S. Liquid Sodium Silicate Market is expected to value at USD 657.9 million by 2024. The market is subject to witness a substantial growth due to the increasing adoption of liquid sodium silicate (LSS) as an adhesive in pulp and paper, and cement industry. Application of liquid sodium silicate (LSS) include for production of elastomers as a reinforcing filler and an adhesive in pulp and paper industry. These factors are expected to drive the growth of liquid sodium silicate (LSS) industry over the forecast period. Furthermore, the U.S. liquid sodium silicate market is predicted to grow at CAGR of 4.0% in the forecast period, providing numerous opportunities for market players to invest for research and development in the U.S. market.
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The key driving factors responsible for the growth of U.S. Liquid
Sodium Silicate market :
Moreover, use of liquid sodium
silicate (LSS) as adhesive or bonding agent in paper & paperboards industry
is anticipated to fuel the growth of U.S. liquid sodium silicate industry over
the next seven years. Liquid sodium silicate is dominating the entire sodium
silicate sector with largest market share of the total production. Higher
production capacity, rising number of supply & demand cycles and increasing
import & export activities in the region are expected to foster the growth
of U.S. liquid sodium silicate (LSS) market over the next seven years.
Moreover, easy availability of
raw materials due to its natural abundance serves as a critical factor for
sustained market growth. However, factors such as stringent the rules and
regulations by local governments all across the globe owing to generation of
chemical waste is predicted to negatively influence marker progress. Increasing
adoption of liquid sodium silicate and its derivatives in various industry
applications such as production of cements, ceramics, welding rods, agriculture,
mining and water treatment are projected to stimulate industry growth over the
next seven years.
The U.S. liquid sodium silicate
(LSS) industry is broadly categorized into five major segments based on the
application type such as detergents segment, catalysts, pulp & paper
industry, elastomers segment and food & healthcare sector. The detergents
is considered as one of the fastest growing segment in the U.S. liquid sodium
silicate market with substantial revenue generation in the last few years.
Growing popularity of liquid sodium silicate (LSS) in the detergents segment is
attributed to its unique properties such as de-flocculation, anti-redeposition,
emulsification and corrosion resistance. The pulp & paper industry segment
has also witnessed substantial growth owing to the increasing use as an
adhesive.
U.S. has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
pulp & paper industry, and food & healthcare sector. Other factor
responsible for sustained market growth include increase in the number of
research & development activities in the region and existence of
well-established manufacturing infrastructure in the region. The key players in
the U.S. liquid sodium silicate industry are PQ Co., OxyChem Co., PPG
Industries, Inc., and W.R. Grace & Company.
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