U.S. Liquid Sodium Silicate (LSS) Market Size, Growth and Forecast To 2013 - 2024
The U.S liquid sodium silicate market is expected to reach USD 657.9 million by 2024, according to a new report by Radiant insights, inc. Growing demand for the product as an adhesive in pulp and paper, and cement industry is expected to drive growth over the forecast period. The U.S. liquid sodium silicate industry is expected highly competitive owing to the presence of several major manufacturers including PQ Corporation, OxyChem Corporation and PPG industries, with large production capacities. The majority of the manufacturers are involved in the captive consumption of the product to manufacture LSS derived products including precipitated silica, zeolite and silica gel in order to tap the rising consumer demand. Increasing raw material prices coupled with high transportation costs associated with LSS is likely to hamper gross margins for the industry players. However, innovation in the manufacturing process to replace conventional raw materials with rice husk is expected to com...