The North America Sodium Silicate Market would witness market growth of 3.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,117.9 Kilo Tonnes, showcasing a growth of 2.6% (2019-2022).
Industries are drawn to sodium silicate for its ability to improve the performance of end products. In detergent formulations, for example, sodium silicate acts as a binding agent, improving the stability and cleaning efficiency of the final product. This performance enhancement aspect has led to consistently adopting sodium silicate in industries where product quality and efficacy are paramount. The construction industry, a major consumer of sodium silicate, has witnessed significant growth. As urbanization and infrastructure development projects continue to rise, the demand for durable and high-performance construction materials has increased. Sodium silicate's role in improving the strength and durability of concrete has contributed to its adoption in this booming sector.
The ongoing industrialization, particularly in emerging economies, has driven the demand for sodium silicate. Industries such as manufacturing, textiles, and chemicals rely on sodium silicate for various processes, including catalysts, adhesives, and stabilizing agents. consequently,g industrial base has consequently fueled the adoption of sodium silicate. With the increasing need for clean and potable water, the application of sodium silicate in water treatment processes has gained prominence. Its coagulant properties effectively remove impurities, contributing to water purification for industrial and domestic use. The emphasis on water treatment has led to the integration of sodium silicate in this critical sector.
According to U.S. Census Bureau estimates, spending on construction was $1,972.6 billion (seasonally adjusted annual rate) in July 2023, which is 0.7 percent (0.5 percent) more than the previously anticipated $1,958.9 billion in June. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Sodium Silicate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,442.6 million by 2030. The Canada market is experiencing a CAGR of 5.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.6% during (2023 - 2030).
Free Valuable Insights: The Sodium Silicate Market is Predict to reach USD 15 Billion by 2030, at a CAGR of 4%
Based on Type, the market is segmented into Liquid, and Solid. Based on Form, the market is segmented into Crystalline, and Anhydrous. Based on Grade, the market is segmented into Alkaline, and Neutral. Based on End User, the market is segmented into Construction, Pulp & Paper, Automotive, and Others. Based on Application, the market is segmented into Detergent, Paints, Refractories, Adhesives, Tube Winding, Catalyst, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End User(Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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