Sodium Fluorosilicate Market Share, Size, Expected Growth Opportunities and Forecast by 2029 | Is Sodium Fluorosilicate Industry Hit Worst due to Russia-Ukraine War Impact?
The increasing application of cement additives is expected to boost the growth of the market, states Fortune Business Insights, in a report, titled “Sodium Fluorosilicate Market Size, Share & Industry Analysis, By Type (Less or equals to 99% Purity, Greater or equals to 99% Purity), By Application (Enamel Industry, Glass Industry, Cement Additives, Refractory Materials, Fluoride Chemicals, Others) and Regional Forecast, 2021-2028.” The booming glass industry is likely to enable speedy expansion of the market during the forecast period.
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Sodium Fluorosilicate Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Sodium Fluorosilicate Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
The occurrence of coronavirus has exerted massive economic stress on sectors in various countries. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
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The report on the sodium fluorosilicate market portrays:
- Prominent understandings of the market
- Swot Analysis of the regions
- Latest market trends and developments
- Stellar insights into the competitive landscape
- Prime data about regional players
Thriving Glass Manufacturing Industry to Aid Expansion
The growing utilization of Sodium fluorosilicate in fertilizers can have an excellent impact on the global market. The increasing demand for cement additives, refractory material, and glass are expected to bolster the healthy growth of the market. Sodium fluorosilicate is a white powder that is used as a fluoridating agent for drinking water and in porcelain enamels. Sodium fluorosilicate is employed for opacification the production of vitreous enamels and opalescent glass. It is also used as a lice insecticide, drug for veterinary purposes, and rodenticide. Furthermore, the ongoing partnerships and acquisitions among major companies is expected to foster healthy growth of the market. For instance, in May 2020, Prayon Company announced that it has acquired Ecophos s.a. The agreement allows the expansion of Technophos JSCo’s industrialized prototype plant, located in Varna. Ecophos’ suggested method portfolio is supplementary to that provided by Prayon through its copyright division, and will continue to support them in parallel specificities.
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Surging Ceramics Industry to Promote Development in North America
The market in Asia Pacific is expected to account for a share in the global market during the forecast period owing to growing inflated demand in the region. The growing use of insecticides in agriculture is expected to drive the market growth in the region. The emergence of a greater number of producers and manufactures of sodium fluorosilicate can have an excellent effect on the market. The Chinese government intends to improve China’s the sodium fluorosilicate production, which, in turn, is expected to foster growth in the region. North America is expected to dominate the global market during the forecast period owing to the growing demand from the manufacturing of glass and ceramics. The growing industrialization and urbanization is expected to further enable expansion of the market in the region. The increasing use in consumer goods, paints and coatings, and water treatment applications can elevate the market in Europe. The Middle East and Africa is expected to expand radically during the forecast period. Moreover, strict legislation and consumption of sodium fluorosilicate in GCC countries can further escalate business in the Middle East and Africa.
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The Report Lists the Main Companies in the Sodium Fluorosilicate Market:
- KC Industries
- Derivados del Flúor
- Fluorine Industry Environmental
- Yunnan Yuntianhua
- Xinfudi Keji
- Prayon SA
- DFD Chemical
- Sinochem Yunlong
- Hubei Yihua Chemical
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