According to the ChemAnalyst report titled “Global Potassium Silicate Market Analysis: Industry Market Size, Demand & Supply, End-User Demand, Distribution Channel, Regional Demand, 2015-2035,” the Potassium Silicate market is expected to experience a significant increase, reaching approximately 580 thousand tonnes by 2035. This growth is anticipated to occur at an expected Compound Annual Growth Rate (CAGR) of 2.03% during the forecast period.
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Potassium Silicate is an alkali silicate manufactured in a reactor using hot steam to treat a mixture of caustic soda, water, and silica from quartz sand. It has the chemical formula K₂SiO₃ and is a versatile alkali salt used in various industries, including concrete manufacturing, detergent production, and fertilizers. Potassium Silicate is highly soluble and finds applications in the production of detergents, as well as in metal cleaning, welding rods, neutralizing acidic salts, solubilizing fats and oils, and dispersing proteins.
The global Potassium Silicate market is primarily driven by the Construction Industry, which consumed approximately 48% of the global Potassium Silicate in 2021. This industry is expected to expand further due to the rapid construction of homes and industrial complexes. Additionally, the agriculture sector, where Potassium Silicate is used as a source of potassium in fertilizers, is expected to contribute to the growing demand for Potassium Silicate. Its application in detergents as a filler and soluble substance also plays a role in market expansion.
The Potassium Silicate market is segmented based on end-use, sales channel, and region. In terms of end-uses, it is divided into Construction, Welding, Detergents, Molecular Sieves, and Others. The Construction Industry leads the Potassium Silicate market, accounting for approximately 47% of the market in 2022, and is expected to maintain this position in the forecast period due to ongoing construction and industrialization worldwide.
Regionally, the Asia Pacific is the largest consumer of Potassium Silicate, with more than 50% of the market share in 2022. The market is expected to be driven by the rising demand for Potassium Silicate in fertilizers and industrial applications in countries such as India and China. North America and Europe follow the Asia Pacific in terms of consumption.
Key players in the global Potassium Silicate market, as identified in the report “Global Potassium Silicate Market Analysis: Industry Market Size, Demand & Supply, End-User Demand, Distribution Channel, Regional Demand, 2015-2035,” include C. Thai Chemicals, Shanti Chemical Works, PQ Corporation, Kiran Global Chem, Nippon Chemical Industrial CO., LTD, Noble Alchem Pvt. Ltd., IQE Group, Zaclon LLC, Ingessil Srl, Baoding Runfeng Industrial Co., Ltd., and others.
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https://www.chemanalyst.com/industry-report/potassium-silicate-market-711
Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm associated with ChemAnalyst, stated, “With globalization, construction activities are expected to rise, leading to increased demand for construction materials that use Potassium Silicate as a binding agent in cement, resulting in the expansion of the Potassium Silicate market by 2035. Furthermore, its application in the detergent industry as a filler is expected to further drive global Potassium Silicate demand in the forecast period.”
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