The global sodium metasilicate pentahydrate market size is likely gain momentum backed by growing demand for cement for development of residential townships and other constructional activities during the forecast period. Fortune Business Insights, in its latest report, titled “Sodium Metasilicate Pentahydrate Market Size, Share & Industry Analysis, By Application (Detergents, Cement, Textiles, Metal Surface Treatment, Others) Others and Regional Forecast, 2019-2026.”, reports that rising disposable income and growing demand for commercial estate will drive the growth of the market during the forecast period.
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Sodium metasilicate pentahydrate is a hydrous form of sodium metasillicate obtained from high temperature fusion reaction between sodium carbonate and silicon dioxide. In addition to this, it is odorless white crystal in nature that forms a high alkaline solution when dissolved with water. Furthermore, it is widely used in several applications such as in soaps and detergents for its ability to increase the cleaning efficiency along with being environmentally friendly in nature.
List of the Companies Operating in the Market:
- American Elements
- Nippon Chemical Industries Co. Ltd.
- Jay Dinesh Chemicals
- PQ Corporation
- Ricasil Industries
- Occidental Chemical Corporation
- Qingdao Hai Wan Chemical Co. Ltd.
- Henny Enterprises
- Among others
What does the Report Include?
The marker reports includes exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The reports covers regional demographics that includes qualitative and quantitative information about the regions that are further divided into nations that are contributi9ng to the growth of the market between 2019 and 2026. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.
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Drivers and Restraints:
Increasing Adoption for Cement to Aid Growth
Cement is substance that is beneficial for binding as well as hardening other types of materials. It is mixed with finer aggregates and water to form mortar useful in constructional activities. Increasing construction activities across the globe is anticipated to drive the growth of the market during the forecast period. Additionally, cement being a vital product to propel the growth of infrastructure will drive the growth of the market during the forecast period. For instance, large population in developing economies and high disposable income have resulted in increasing demand for residential properties that has witnessed spurt in development of larger projects by major players. This has increased the demand for use of cement that is expected to boost the demand for the market in the forthcoming years. Moreover, increasing investments in construction activities by the major players will positively affect the growth of the market during the forecast period.
Rising Construction Industry in Asia-Pacific to Drive the Market
Among the regions, Asia-Pacific is anticipated to foresee promising growth for the market during the forecast period. This is ascribable to factors such as increasing construction activities in countries such as India, Japan, South Korea, and China. North America, on the other hand, will register substantial growth for the market owing to increasing oil exploration activities in the forthcoming years. The market in Europe will witness significant growth during the forecast period. This is attributable to growing demand for silica gel from the packaging industry. For instance, sodium metsilicate pentahydrate is used as a chemical intermediate for the silica gel catalysts. Latin America is anticipated to witness surge in textile applications that will contribute to the growth of the market during the projected horizon. The market in the Middle East and Africa will register promising growth backed by growing need for protecting metals from corrosion between 2019 and 2026.
Merger and Acquisition Strategies by the Companies to Spur Demand
According to the report, the market comprises of several small, medium, and large companies trying to outshine others to gain major market share during the forecast period. The companies are adopting strategies such as merger and acquisition, collaboration, and forging partnership to maintain market stronghold and gain maximum sodium metasilicate pentahydrate market revenue between 2019 and 2026.
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