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Sodium silicate market to hit the coveted 10-billion-dollar frontier by 2024, fueled by a widespread demand for biodiesels

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Sodium silicate market, an inherent vertical of the specialty chemicals space, has already established its name in the billion-dollar league, owing to the extensive demand of the chemical compound across myriad end-use domains. Pertaining to the product’s low cost and ease of use, it has been deployed as a detergent, adhesive, cleaning compound, cement ingredient, binder, coagulating agent, and anticorrosive agent in numerous sectors, propelling sodium silicate market size. Indeed, the compound’s widespread and almost all-encompassing presence has facilitated sodium silicate industry to maintain a steady growth graph. The compound is also used as a catalyst, thus generating another profitable growth avenue for sodium silicate market. With continuous research and development programs being conducted to expand the area of application of the compound, it is certain that sodium silicate industry will continue to uphold its profitable position over 2017-2024.Detergents are one of the prime application arenas of sodium silicate industry since decades. This chemical compound is rather to incorporate into the detergent paste and helps in maintaining the viscosity and desired density of the detergent. The product is highly effective in removing spots, neutralizing acidic stains, dispersing proteins and suspending greasy particles in the wash liquid, thus impelling sodium silicate industry size from the detergent manufacturing sector.

U.S. Sodium Silicate Market Size, by Application, 2013 – 2024 (USD Million)
U.S. Sodium Silicate Market Size, by Application, 2013 – 2024 (USD Million)

It has been observed that among the varied uses of sodium silicate, the compound is known to efficiently function as a good adhesive. The subsequent deployment of this product as an adhesive has led to a major impetus in the growth graph of sodium silicate market. Sodium silicate adhesives have the inherent ability to easily expand and make contact, forming a rigid layer that is permanent, resistant to tears, and even possesses the capacity to withstand water and heat. The compatibility of sodium silicate adhesives on a varied range of substances like paper, metal and wood besides other materials, has spurred the sodium silicate market share further.

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Of late, sodium silicate has found extensive application as an effective catalyst for the synthesis of biodiesels that have gained popularity as a sustainable fuel. Currently, amidst the backdrop of a scenario where the lookout for alternative fuel sources has become a race against time, manufacturing biodiesels through the transesterification of organic materials has become rather commonplace. In a bid to simplify the process, sodium silicate is used as an effective catalyst, thereby stimulating sodium silicate industry outlook. The ease of procuring the chemical compound has reinforced its position as a catalyst in the transesterification process. As biodiesels will continue to attain increased application in energy generation and alternative fuel source, sodium silicate market trends will continue to witness a dynamic transformation in the ensuing years.

Sodium silicate is used widely in other application domains such as water treatment, casting, coating, textiles, agglomeration, chemical injection, paper treatment and more. In consequence, this would prove to be a rather beneficial for the commercialization graph of sodium silicate market over the next few years. With numerous chemical companies working toward expanding the application scope of this compound, in addition to innumerable research & development programs being conducted to unearth further prospective product uses, sodium silicate market has been forecast to garner commendable profits over 2017-2024.

Author Name : Paroma Bhattacharya

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APAC self-compacting concrete market to witness remarkable proceeds over 2017-2024, construction sector to drive the application landscape

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The competitive matrix of self-compacting concrete market is all inclusive of top notch companies that have been heavily investing in strong alliances to come up with innovative solutions that are not only efficient but also environmentally viable. For instance, Tarmac, one of the most acclaimed U.K. based sustainable material group, recently acquired the remaining 50% share of Scottish Power, under the long-standing ScotAsh joint venture. Reportedly, through the deal, the self-compacting concrete market giant would get full proprietorship of ScotAsh. Experts claim this agreement to be highly strategic from Tarmac’s end, given its long term plan of widening its customer base with cutting-edge products, tapping the superfluity of expertise from both the organizations. The pipeline of such innovative projects on-board has undoubtedly sent out waves of expectations in self-compacting concrete industry.

U.S. self-compacting concrete market size, by application, 2013 – 2024 (USD Million)
U.S. self-compacting concrete market size, by application, 2013 - 2024 (USD Million)

Self-consolidating concrete has lately become an indispensable component in modern construction activities, pertaining to some of its exceptional beneficiary features such as high segregation resistance and flowability. It is therefore quite indisputable that the growth in construction domain will leave a perpetual impact on self-compacting concrete market trends. As per estimates, the overall construction spending is forecast to cross USD 13 trillion by 2023, almost double than what is recorded in 2015 (USD 7 trillion). The humungous figure, itself is enough to draw a picture of the growth opportunity of self-compacting concrete industry over the forthcoming period.

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With increasing deployment of self-compacting concrete in constructional activities, the necessity of R&D investments to exploit the material’s fullest potential has become even more crucial. In fact, market giants have been showcasing a great deal of interest in diversifying their product portfolio in sync with the sustainability trends. For instance, an absolutely fresh of the boat concept, dubbed as Eco-friendly self-compacting concrete or Eco-SCC has been introduced in APAC and Europe self-compacting concrete market that is claimed to possess lower cement content. Allegedly, the product is already gaining a mass popularity across the construction domain, pertaining to the fact that Eco-SCC is manufactured by aggregate gradation. In parallel to this, a plethora of driving factors including spreading awareness about sustainable buildings, green certification, and governmental standardization, collectively depicts that Eco-SCC, in all likeliness, would prove to be the next disruptive trend in self-compacting concrete industry space.

Asia Pacific is slated to be one of the most lucrative avenues for self-compacting concrete industry growth, given the strong pipeline of constructional projects across major countries like China. Statistics depict, with China at the forefront, APAC belt is forecast to account for almost 60% of the overall construction expenditure by 2025. Furthermore, Asia Pacific self-compacting concrete market is governed by a stringent regulatory frame of reference enforced by authorized bodies that have implemented favorable policies under the structural reform plan. Pertaining to the massive industrialization and urbanization across the continent, APAC self-compacting concrete market pegged a valuation of USD 14 billion in 2016 and is likely to record a decent growth pace over 2017-2024.

High raw materials price trends compared to its conventional counterparts along with limited utilization of the product in the infrastructural domain are claimed to be the two major constraints deterring self-compacting concrete market penetration across some of the geographies. Nonetheless, renowned biggies are set to explore various opportunities and challenges of the business fraternity in the ensuing years by investing in advanced technologies that not only ensures improved functionality but also competitive pricing. Driven by the considerable developments on the product front in tandem with expansive application landscape, the self-compacting concrete industry is forecast to exceed a valuation of USD 30 billion by 2024.

Author Name : Satarupa De

Sodium Lauryl Sulfate (SLS) Market to gain substantial revenue via personal care product sales, APAC to impel the global demand over 2016-2024

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The rising requirement to maintain workplace & household cleanliness will stimulate sodium lauryl sulfate (SLS) market, pertaining to the fact that SLS is one of the main constituents of various detergents and cleaners. Of late, there has been a growing concern among consumers regarding environmental cleanliness and a healthy livelihood, which will undeniably enhance the product demand. Regional governments have also been undertaking initiatives regarding the same and have deployed strict regulations to maintain cleanliness, thereby propelling sodium lauryl sulfate industry share. The increasing requirement of household detergents and cleaners in various sectors is also slated to create lucrative opportunities for SLS industry giants.

China Sodium Lauryl Sulfate (SLS) Market size, by application, 2013 – 2024 (USD Million)
China Sodium Lauryl Sulfate (SLS) Market size, by application, 2013 – 2024 (USD Million)

According to Global Market Insights, Inc. “Worldwide Sodium Lauryl Sulfate (SLS) Market, having had a revenue of USD 450 million in 2015, will generate a significant valuation by 2024, growing at a CAGR of more than 5% over 2016-2024.” Emerging nations across the globe are fueling the requirement for personal care products and detergents on a large scale subject to the improving purchase parity of consumers. This factor will also impel Asia Pacific sodium lauryl sulfate industry size, which was worth more than USD 100 million in 2015. This regional business is anticipated to generate significant revenue by 2024, with an annual growth rate of 5% over 2016-2024, owing to the implementation of strict norms to maintain cleanliness and hygiene.

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Escalating commercialization of hair care and dermal products across the world will stimulate the demand for personal care products noticeably. Consumers have been giving preference to personal care products such as soaps, scrubs, shampoos, facial creams, bath bombs, which will augment SLS industry growth, owing to the fact that SLS is primarily used in various personal care products. As per estimates, sodium lauryl sulfate market share from personal care applications generated a revenue of USD 90 billion in 2015 and will register considerable annual growth rate over the coming timeframe. Moreover, growing consciousness among the people about their personal health and hygiene will influence the market share positively.

North America sodium lauryl sulfate market, with U.S. at the helm, covered over 15% of the business share in 2015 and will collect considerable revenue by 2024. The expanding personal care products and detergents sectors will stimulate the industry size. Shifting trends toward the usage of organic personal care products will also influence the regional SLS market share, and the U.S. is undoubtedly slated to be the major revenue pocket. It has been observed that industry giants prefer to manufacture liquid products rather dry products, due to the high miscibility factor of the former coupled with its cost-effectiveness. On that note, sodium lauryl sulfate industry size from liquid forms was valued at USD 200 million in 2015, and is slated to collect a revenue of more than USD 350 million by the end of 2024. The growth can be attributed to the prominent use of liquid products in personal care and detergents applications.

The noteworthy players in sodium lauryl sulfate (SLS) market are Huntsman Corporation, Dow Chemical Company, Sasol, BASF SE, Oxiteno, Solvay S.A., Galaxy Surfactants, Xiamen Ditai Chemicals Co. Ltd., Croda International, Godrej Industries, Taiwan NJC Corp., Stepan Company, Miwon Commercial Co. Ltd., Clariant Corp., Kao Corporation, and Melan Chemical Co., Limited.

Author Name : Sunil Hebbalkar