Potassium Silicate Market
Potassium Silicate Market Analysis, By Form (Liquid and Solid), By End-Use (Soaps & Detergents, Construction, Metal Mining, Drilling Fluids, Electronics, Horticulture, Personal Care, Others), and Region - Global Market Insights 2023 to 2033
Analysis of Potassium Silicate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Potassium Silicate Market Outlook (2023 to 2033)
The global potassium silicate market is set to enjoy a valuation of US$ 2.9 billion in 2023 and further expand at a CAGR of 3.7% to reach US$ 4.2 billion by the end of 2033.
Potassium silicate is a water-soluble alkali silicate that is widely used as a metal cleaning agent, a binder for cement and electrodes, and a flame retardant. The use of potassium silicate in the construction industry is likely to dominate the market with a market share of 21.4% by the end of the forecast period.
| Report Attributes | Details |
|---|---|
| Market Size (2023A) | US$ 2.9 Billion |
| Forecasted Market Value (2033F) | US$ 4.2 Billion |
| Global Market Growth Rate (2023 to 2033) | 3.7% CAGR |
| North America Market Share (2023) | ~25.9% |
| East Asia Market Growth Rate (2023 to 2033) | ~4.5% CAGR |
| United States Market Growth Rate (2023 to 2033) | ~3.8% CAGR |
| Market Share of Top 5 Companies | ~27.2% |
| Key Companies Profiled | C THAI GROUP; PQ Corporation; Shanti Chemical Works; Captain Industries; Baoding Runfeng Industrial; Samarth Chemical Products; CIECH Group; Zalcon |
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Sales Analysis of Potassium silicate (2018 to 2022) Vs. Market Forecast Outlook (2023 to 2033)
Potassium silicate has properties similar to sodium silicate and can be used as an alternative to sodium silicate. Potassium silicate provides better solubility, lower efflorescence, and high-temperature resistance as compared to sodium silicate. In addition, potassium silicate has applications in soap and detergent production, construction, personal care formulation, and others due to its properties. In the agricultural sector, it can be used to increase the potassium content of the soil.
- Short Term (2023 to 2028): Growing use of detergents and soap is likely to drive the potassium silicate market in short term.
- Medium Term (2026 to 2029): Government initiatives towards the smart city and surging infrastructure developments to create lucrative opportunities for the potassium silicate market.
- Long Term (2029 to 2033): Growing construction industry in developing countries such as China and India coupled with efforts led by market players to dominate the global market in long term.
Over the 2018 to 2022 historical period, the global market registered a CAGR of 1.9%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.7% CAGR between 2023 and 2033.
Market share analysis of potassium silicate based on application and region is provided in a nutshell in the above image. Under the application segment, the soaps and detergents production dominates with a 32.2% market share in 2023.
“Growing Construction Industry to Drive the Potassium Silicate Industry”
Growing building and construction industries across both developed and developing countries such as China and India are likely to drive the market in the coming years.
Potassium silicate is used as a flame retardant in wooden fixtures used in construction for furniture or aesthetic purpose which in turn fuel the sales of potassium silicate. The safety regulation imposed by various governments across the globe and the need for use of fire retardant components in architectural structures is increasing the demand for potassium silicate in the construction industry.
Additionally, adding potassium and sodium silicate to the concrete mixtures accelerates hydration and helps in reducing setting time. This can be helpful in the construction of building foundations, railroads, and underground tunnels. The binder property of potassium silicate makes them useful in cement and welding rods.
“Several Benefits of Potassium Silicate Opening New Doors for Manufacturers”
Potassium silicate is widely used as alkali silicate which is used widely in binder cement, metal cleaning, and electrodes as a flame retardant. It is widely used for horticulture applications in order to increase the potassium content of the soil.
Potassium silicate is viscous and hygroscopic when dissolved in water. Potassium silicate has properties similar to sodium silicate. It provides better solubility, temperature resistance, and lower efflorescence when compared to sodium silicate.
Potassium silicate can act as a corrosion inhibitor by forming a barrier to alkali attack which helps to protect sensitive glazed dishware, metal pipes, metallic surface, and glass. Potassium silicate can be found in a number of industrial applications. It can be used in industrial cleaning and protect the surface against corrosion. Also, potassium silicate has applications in decorative coating & paints and as specialty fertilizers in the horticulture industry.
The aforementioned factors are creating lucrative opportunities for the market’s growth.
“Raw Material Disrupted Supply and High Cost: A Challenge”
The dearth of raw materials and disruption in the supply chain due to external factors hamper the potassium silicate market’s growth. Silica and potassium carbonate are considered the most essential components in the manufacturing of potassium silicate. It is necessary to have a regular supply of these raw materials. Government laws regarding silica extraction also affect the raw material prices and irregular supply of these key raw materials can affect production. Also, handling potassium silicate requires caution as it can cause eye irritation.
Country-wise Insights
Will the Growing Personal Care Products Market in the U.S. Drive Potassium Silicate Market?
The United States market is valued at US$ 759.9 million in 2023 and is expected to reach a valuation of US$ 769.7 million by the end of the forecast period.
- The global personal care market is valued at over US$ 450.0 billion in 2022 and is anticipated to grow at a CAGR of 4.5% throughout the forecast period. The United States holds the majority of the market share in the global personal care market.
- The global haircare market is valued at over US$ 80.0 billion in 2022. The United States holds over 1/4th of the global market share.
Since cosmetics products are used on daily basis, consumers are more aware of the benefit and quality of cosmetics products. This is expected to drive the potassium silicate market in the coming years as potassium silicate is used to control the PH of cosmetic products. It is also used to prevent the corrosion of metallic materials which are used in cosmetic packaging.
Along with the rising personal care industry in the United States, the construction industry is also growing at health CAGR. The government’s investment in the building and construction industry is the key factor for the growth of potassium silicate in the United States. As potassium silicate has major applications in the construction sector. It is used as a concrete densifier.
Why is the China Potassium Silicate Market Expected to be Highly Lucrative?
The growing construction industry in China is expected to boost the demand for potassium silicate in the coming years. China's construction industry is growing at the fastest rate across the globe.
- China's construction industry is valued at over US$ 4.5 trillion in 2021 and will grow at a healthy CAGR in the forecast period.
In the building and construction sector, potassium silicate is used as a concrete densifier. It carries excellent sealing properties and gives the surface a good sheen and anti-abrasive properties. This is expected to boost the demand for potassium silicate from the construction industry in China.
China market is valued at US$ 515.4 million in 2023 and is expected to grow at a CAGR of 4.3% between 2023-2033.
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Category-wise Insights
Why Liquid Form is Gaining Traction in the Potassium Silicate Market?
The liquid form is offer ease of application. Liquid potassium silicate in soap and detergents makes better wetting and cleaning properties. It is also useful in creating foam in liquid and foam paste soaps.
In the potassium silicate industry, the liquid form is anticipated to grow at a CAGR of 3.5% and reached a valuation of US$ 2.5 billion in 2033 from US$ 1.7 billion in 2023. The liquid form is estimated to have a market share of 58.5% in 2023.
Will Market Growth be led by Personal Care Formulation?
With the rising global population, the demand for personal care and cosmetic products is also increasing rapidly. In the cosmetics industry, potassium silicate is used in skin care, hair coloring, shaving, bath, oral hygiene products, eye makeup, and others as a base material in the formulation.
Growing concerns about skincare and rising disposable income have led to an increase in the sales of cosmetics and personal care products such as shampoos, conditioners, lotions, and others. Further, the beauty and personal care industry are flourishing.
For instance, the beauty and personal care products market is valued at over US$ 80.0 billion in 2022 and is expected to grow at a steady growth rate.
Personal care formulation in the potassium silicate market is expected to grow at a CAGR of 3.2% in between 2023 to 2033.
Eminent Player’s Key Strategies
Prominent potassium silicate manufacturers are C THAI GROUP, PQ Corporation, Shanti Chemical Works, Captain Industries, Baoding Runfeng Industrial, and Samarth Chemicals Products, among others.
The world’s leading manufacturers of potassium silicate are looking for diversifying their network to meet the growing demand for potassium silicate from various end-use applications such as soap and detergents, construction, metal mining, drilling fluids, and others. Manufacturers are also looking to increase production and tap the growing market across the globe to gain high-profit margins.
Fact.MR has provided detailed information about the price points of key manufacturers of potassium silicate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Segmentation of Potassium Silicate Industry Research
-
By Form:
- Liquid
- Solid
-
By End-Use:
- Soaps & Detergents
- Construction
- Metal Mining
- Drilling Fluids
- Electronics
- Horticulture
- Personal Care
- Skin Care
- Hair Care
- Others
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Form
- 7.1. Liquid
- 7.2. Solid
- 8. Global Market Analysis and Forecast, By End-Use
- 8.1. Soaps & Detergents
- 8.2. Construction
- 8.3. Metal Mining
- 8.4. Drilling Fluids
- 8.5. Electronics
- 8.6. Horticulture
- 8.7. Personal Care
- 8.7.1. Skin Care
- 8.7.2. Hair Care
- 8.8. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. C THAI GROUP
- 18.2. PQ Corporation
- 18.3. Shanti Chemical Works
- 18.4. Captain Industries
- 18.5. Baoding Runfeng Industrial
- 18.6. Samarth Chemicals Products Ltd.
- 18.7. Zalcon
- 18.8. CIECH Group
- 18.9. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million), By Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 3: Global Market Volume (Tons), By Region, 2018 to 2022
Table 4: Global Market Volume (Tons) and Forecast by Region, 2023 to 2033
Table 5: Global Market Value (US$ million), By Form, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Form, 2023 to 2033
Table 7: Global Market Volume (Tons), By Form, 2018 to 2022
Table 8: Global Market Volume (Tons) and Forecast By Form, 2023 to 2033
Table 9: Global Market Value (US$ million), By End-Use, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By End-Use, 2023 to 2033
Table 11: Global Market Volume (Tons), By End-Use, 2018 to 2022
Table 12: Global Market Volume (Tons) and Forecast By End-Use, 2023 to 2033
Table 13: North America Market Value (US$ million), by Country, 2018 to 2022
Table 14: North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 15: North America Market Volume (Tons), by Country, 2018 to 2022
Table 16: North America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 17: North America Market Value (US$ million), By Form, 2018 to 2022
Table 18: North America Market Value (US$ million) and Forecast By Form, 2023 to 2033
Table 19: North America Market Volume (Tons), By Form, 2018 to 2022
Table 20: North America Market Volume (Tons) and Forecast By Form, 2023 to 2033
Table 21: North America Market Value (US$ million), By End-Use, 2018 to 2022
Table 22: North America Market Value (US$ million) and Forecast By End-Use, 2023 to 2033
Table 23: North America Market Volume (Tons), By End-Use, 2018 to 2022
Table 24: North America Market Volume (Tons) and Forecast By End-Use, 2023 to 2033
Table 25: Latin America Market Value (US$ million), by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27: Latin America Market Volume (Tons), by Country, 2018 to 2022
Table 28: Latin America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 29: Latin America Market Value (US$ million), By Form, 2018 to 2022
Table 30: Latin America Market Value (US$ million) and Forecast By Form, 2023 to 2033
Table 31: Latin America Market Volume (Tons), By Form, 2018 to 2022
Table 32: Latin America Market Volume (Tons) and Forecast By Form, 2023 to 2033
Table 33: Latin America Market Value (US$ million), By End-Use, 2018 to 2022
Table 34: Latin America Market Value (US$ million) and Forecast By End-Use, 2023 to 2033
Table 35: Latin America Market Volume (Tons), By End-Use, 2018 to 2022
Table 36: Latin America Market Volume (Tons) and Forecast By End-Use, 2023 to 2033
Table 37: Europe Market Value (US$ million), by Country, 2018 to 2022
Table 38: Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 39: Europe Market Volume (Tons), by Country, 2018 to 2022
Table 40: Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 41: Europe Market Value (US$ million), By Form, 2018 to 2022
Table 42: Europe Market Value (US$ million) and Forecast By Form, 2023 to 2033
Table 43: Europe Market Volume (Tons), By Form, 2018 to 2022
Table 44: Europe Market Volume (Tons) and Forecast By Form, 2023 to 2033
Table 45: Europe Market Value (US$ million), By End-Use, 2018 to 2022
Table 46: Europe Market Value (US$ million) and Forecast By End-Use, 2023 to 2033
Table 47: Europe Market Volume (Tons), By End-Use, 2018 to 2022
Table 48: Europe Market Volume (Tons) and Forecast By End-Use, 2023 to 2033
Table 49: East Asia Market Value (US$ million), by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51: East Asia Market Volume (Tons), by Country, 2018 to 2022
Table 52: East Asia Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 53: East Asia Market Value (US$ million), By Form, 2018 to 2022
Table 54: East Asia Market Value (US$ million) and Forecast By Form, 2023 to 2033
Table 55: East Asia Market Volume (Tons), By Form, 2018 to 2022
Table 56: East Asia Market Volume (Tons) and Forecast By Form, 2023 to 2033
Table 57: East Asia Market Value (US$ million), By End-Use, 2018 to 2022
Table 58: East Asia Market Value (US$ million) and Forecast By End-Use, 2023 to 2033
Table 59: East Asia Market Volume (Tons), By End-Use, 2018 to 2022
Table 60: East Asia Market Volume (Tons) and Forecast By End-Use, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ million), by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Volume (Tons), by Country, 2018 to 2022
Table 64: South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 65: South Asia & Oceania Market Value (US$ million), By Form, 2018 to 2022
Table 66: South Asia & Oceania Market Value (US$ million) and Forecast By Form, 2023 to 2033
Table 67: South Asia & Oceania Market Volume (Tons), By Form, 2018 to 2022
Table 68: South Asia & Oceania Market Volume (Tons) and Forecast By Form, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ million), By End-Use, 2018 to 2022
Table 70: South Asia & Oceania Market Value (US$ million) and Forecast By End-Use, 2023 to 2033
Table 71: South Asia & Oceania Market Volume (Tons), By End-Use, 2018 to 2022
Table 72: South Asia & Oceania Market Volume (Tons) and Forecast By End-Use, 2023 to 2033
Table 73: MEA Market Value (US$ million), by Country, 2018 to 2022
Table 74: MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75: MEA Market Volume (Tons), by Country, 2018 to 2022
Table 76: MEA Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 77: MEA Market Value (US$ million), By Form, 2018 to 2022
Table 78: MEA Market Value (US$ million) and Forecast By Form, 2023 to 2033
Table 79: MEA Market Volume (Tons), By Form, 2018 to 2022
Table 80: MEA Market Volume (Tons) and Forecast By Form, 2023 to 2033
Table 81: MEA Market Value (US$ million), By End-Use, 2018 to 2022
Table 82: MEA Market Value (US$ million) and Forecast By End-Use, 2023 to 2033
Table 83: MEA Market Volume (Tons), By End-Use, 2018 to 2022
Table 84: MEA Market Volume (Tons) and Forecast By End-Use, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) and Volume (Tons) By Form, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Form, 2023 to 2033
Figure 7: Global Market Value (US$ million) and Volume (Tons) By End-Use, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By End-Use, 2023 to 2033
Figure 9: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11: North America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 12: North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 13: North America Market Value (US$ million) and Volume (Tons) By Form, 2023 & 2033
Figure 14: North America Market Y-o-Y Growth Rate By Form, 2023 to 2033
Figure 15: North America Market Value (US$ million) and Volume (Tons) By End-Use, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate By End-Use, 2023 to 2033
Figure 17: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 18: North America Market Attractiveness Analysis By Form, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 20: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22: Latin America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 23: Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 24: Latin America Market Value (US$ million) and Volume (Tons) By Form, 2023 & 2033
Figure 25: Latin America Market Y-o-Y Growth Rate By Form, 2023 to 2033
Figure 26: Latin America Market Value (US$ million) and Volume (Tons) By End-Use, 2023 & 2033
Figure 27: Latin America Market Y-o-Y Growth Rate By End-Use, 2023 to 2033
Figure 28: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 29: Latin America Market Attractiveness Analysis By Form, 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 31: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33: Europe Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 34: Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 35: Europe Market Value (US$ million) and Volume (Tons) By Form, 2023 & 2033
Figure 36: Europe Market Y-o-Y Growth Rate By Form, 2023 to 2033
Figure 37: Europe Market Value (US$ million) and Volume (Tons) By End-Use, 2023 & 2033
Figure 38: Europe Market Y-o-Y Growth Rate By End-Use, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis By Form, 2023 to 2033
Figure 41: Europe Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 42: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44: East Asia Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 45: East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 46: East Asia Market Value (US$ million) and Volume (Tons) By Form, 2023 & 2033
Figure 47: East Asia Market Y-o-Y Growth Rate By Form, 2023 to 2033
Figure 48: East Asia Market Value (US$ million) and Volume (Tons) By End-Use, 2023 & 2033
Figure 49: East Asia Market Y-o-Y Growth Rate By End-Use, 2023 to 2033
Figure 50: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 51: East Asia Market Attractiveness Analysis By Form, 2023 to 2033
Figure 52: East Asia Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 53: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55: South Asia & Oceania Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 56: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Form, 2023 & 2033
Figure 58: South Asia & Oceania Market Y-o-Y Growth Rate By Form, 2023 to 2033
Figure 59: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By End-Use, 2023 & 2033
Figure 60: South Asia & Oceania Market Y-o-Y Growth Rate By End-Use, 2023 to 2033
Figure 61: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 62: South Asia & Oceania Market Attractiveness Analysis By Form, 2023 to 2033
Figure 63: South Asia & Oceania Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 64: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66: MEA Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 67: MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68: MEA Market Value (US$ million) and Volume (Tons) By Form, 2023 & 2033
Figure 69: MEA Market Y-o-Y Growth Rate By Form, 2023 to 2033
Figure 70: MEA Market Value (US$ million) and Volume (Tons) By End-Use, 2023 & 2033
Figure 71: MEA Market Y-o-Y Growth Rate By End-Use, 2023 to 2033
Figure 72: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: MEA Market Attractiveness Analysis By Form, 2023 to 2033
Figure 74: MEA Market Attractiveness Analysis By End-Use, 2023 to 2033
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- FAQs -
What is the Global Potassium Silicate Market Size?
The global potassium silicate market is anticipated to be valued at US$ 2.9 billion in 2023.
Which Regional Potassium Silicate Market Accounts for a Leading Market Share?
East Asia tops the global potassium silicate market and is expected to account for 28.2% market share in 2023.
How is the Market for Potassium Silicate Expected to Fare Going Forward?
Worldwide demand for potassium silicate is estimated to reach US$ 4.2 billion by 2033-end.
Which Potassium Silicate Form holds the Highest Market Share?
The liquid form of potassium silicate accounts for 58.5% share of the global market share.
How did the Market Perform Over the Last Few Years?
During 2018 to 2022, sales of potassium silicate increased at 1.9% CAGR.
Potassium Silicate Market