The silicates market is driven by a variety of factors, including increasing demand for construction materials, ceramics, and glass products. Silicates are used as binding agents in cement and concrete, and as raw materials for manufacturing ceramics and glass. The growing construction industry, especially in emerging economies, is expected to boost demand for silicates. The increasing use of silicates in detergents and soaps for their cleaning and anti-corrosive properties is also expected to drive market growth. However, the market may face challenges due to environmental concerns associated with the mining and production of silicates. In addition, the availability of alternative materials and the high cost of production may also hinder market growth. The Silicates market is dominated by key players such as PQ Corporation, W.R. Grace & Co., Evonik Industries, and Tokuyama Corporation.
Major Players in the Silicates Industry:
1. Zhejiang Jiashan Dechang Powdered Material Co., Ltd.
Founded in 2000, Zhejiang Jiashan Dechang Powdered Material Co., Ltd. is a Chinese company that specializes in the production of various silicates and related products. Its headquarters is located in Jiashan County, Zhejiang Province. The company operates in China and several other countries, including the United States, Japan, and South Korea. In December 2021, the company announced a new research and development center dedicated to the development of new silicate products.
2. Evonik Industries AG
Founded in 2007 through the merger of Degussa and Hüls, Evonik Industries AG is a German specialty chemicals company that produces a range of products including silicates. Its headquarters is located in Essen, Germany, and the company operates in over 100 countries worldwide. In February 2022, Evonik announced the launch of a new series of silica-based products for use in the automotive and construction industries.
3. PPG Industries
Founded in 1883, PPG Industries is an American company that produces coatings, specialty materials, and chemicals, including silicates. Its headquarters is located in Pittsburgh, Pennsylvania, and the company operates in over 70 countries worldwide. In October 2021, PPG Industries announced the acquisition of BASF's global pigments business, which includes production sites for silicates.
4. BASF SE
Founded in 1865, BASF SE is a German chemical company that produces a wide range of products including silicates. Its headquarters is located in Ludwigshafen, Germany, and the company operates in over 80 countries worldwide. In October 2021, BASF announced the sale of its global pigments business, including silicates production sites, to PPG Industries.