Transparency Market Research in its new report titled, “Silicates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025,” provides key insights on the silicates market. The new report anticipates that the expansion growth of pulp & paper, construction, water treatment, and cosmetics industries will drive the silicates market during the forecast period i.e, 2017-2025. The need for purified water led by rapid urbanization is augmenting the water treatment application segment, as per the report.
In terms of regional perspective, the TMR report has split the global silicates market into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific dominated the global silicates market, both in terms of revenue and volume, in 2017. The report expects the silicates market in the region to expand at a rapid CAGR during the forecast period. Demand for construction materials is also increasing, due to growing real estate industry in Asia Pacific. Europe was the second-largest market for silicates, followed by North America, in 2017. The same trend is anticipated to continue during the forecast period.
Magnesium silicate consists of silicon, oxygen, and magnesium. It is used in industries such as cosmetics, pharmaceuticals, pulp & paper, and catalysts. Magnesium silicate acts as an adsorbent in cosmetic products such as talcum powder. It is also used for tablet compressing in the pharmaceutical industry, whereas it is used as a filler in pulp & paper, glass, and ceramics industries. Lithium silicate is easier to handle compared to sodium silicate and potassium silicate. It is used in construction materials in order to improve the resistance to mechanical wear. Lithium silicate acts as a hardening agent for concrete and helps improve the shelf life of floor coatings.
Major players operating in the global silicates market are profiled in this report to give a better competitive analysis and these include BASF SE, Evonik Industries AG, PQ Corporation, W.R. Grace & Co., CIECH Group, Silmaco NV, Oriental Silicas Corporation, Qingdao Dongyue Sodium Silicate, Aromachimie Company Ltd, Industrial Chemicals Ltd, SIEKEM d.o.o, MAGNIFIN, BEKO Troyan, Glassven C.A, Z.Ch. Rudniki SA, Huber Engineered Materials, PPG Industries, and Zhejiang Jiashan Dechang Powdered Materiai Co., Ltd.
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