U.S. Liquid Sodium Silicate (LSS) Market is Forecast to Exceed at USD U.S. Liquid Sodium Silicate (LSS) Market 2024
U . S . Liquid Sodium Silicate ( LSS ) Market is Forecast to Exceed at USD 657.9 million by 2024 : Radiant Insights , Inc
“ Growing demand for the product for binding corrugated board , angle boards , toilet tissues and paper napkins is expected to drive growth .”
The U . S liquid sodium silicate market is expected to reach USD 657.9 million by 2024 , according to a new report by Grand View Research , 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 compel new players to enter into the market .