Ethyl silicate is an inorganic compound made of silicon, oxygen and ethyl alcohol. It is a clear, colorless and odorless liquid with a low viscosity.
Ethyl silicate is used as a binder for coatings, paints, sealants, adhesives, and inks. It is also used in asphalt emulsions and as a corrosion inhibitor in oil-based products.
The global ethyl silicate market is projected to grow at a healthy CAGR over the forecast period. The growth of this market is primarily driven by the increasing demand for ethyl silicate in the automotive and construction sectors. Additionally, the increasing demand for ethyl silicate in the production of paints & coatings and adhesives is also expected to drive the growth of the market. However, stringent regulatory standards and the health hazards associated with ethyl silicate may hamper the growth of ethyl silicate market.
The global Ethyl Silicate market was valued at US$ 180.5 million in 2022 and is anticipated to reach US$ 202 million by 2029, witnessing a CAGR of 1.6% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Ethyl Silicate Market available at: https://www.themarketreports.com/report/global-ethyl-silicate-market-research-report
The key players are Wacker, Silbond, Evonik, COLCOAT, Momentive, Zhejiang Xinan Chemical, Nantong Chenggang Chemical, Zhangjiagang LongTai Chemical, YAJIE Chemical, Zhangjiagang Xinya Chemical, Zhejiang Zhengbang Organosilicon, Changzhou Wujin Hengye Chemical, Hopeful-silane, Jinzhou Longhua Petrochemical etc. Top 3 companies occupied about 34% market share.
This report aims to provide a comprehensive presentation of the global market for Ethyl Silicate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ethyl Silicate.
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