Global Sodium Silicate Market Foreseen to Grow Exponentially by 2025

The global sodium silicate market has a strong vendor landscape and features an augmented competition, says Transparency Market Research. This is largely owing to the presence of several matured entrants has already ventured into the global sodium silicate market. There are also young players in the industry who are trying to venture in the global sodium silicate markets. For instance, there is joint venture named Advanced Refining Technologies (ART) of Chevron Products Company and W.R. Grace & Co. It was on May 2015 when the companies declared that they would be capitalizing USD$135 mn in their joint venture. This investment is due to increasing their capacity of manufacture. The manufacturing facility located in Los Angeles, is mainly concentrated on sodium silicate, hydro processing catalysts, fluid cracking catalysts, and additives.

The demand of products is expanding at the time of purification of water by quality of its corrosion restraint property combined with expanding natural and atmosphere concerns and populace growth. The American Water Works Association supports sodium silicate utilized for controlling erosion in municipal water. Moreover, BASF SE, one of the major companies in the global sodium silicate market, has begun another manufacture line of Ultrasion in Yeosu, South Korea for purifying of water.

 

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