SAN FRANCISCO, November 9, 2016 /PRNewswire/ -- The global sodium silicate market is expected to reach USD 7.60 billion by 2024, growing at 3% CAGR, according to a new report by Grand View Research, Inc. Liquid sodium silicates have high potential to perform in critical applications such as de-lignification, waste paper de-inking and pulp brightening. Increasing demand for the product as a concrete sealer is expected to drive industry growth. International trade of liquid products is limited by the cost of transportation rather than production costs. As a result, the majority of the liquid sodium silicate manufacturers captively consume the product for the manufacturing of silica derivatives such as zeolites and precipitated silica. (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ) The pricing strategy of sodium silicate is driven by the quality, and grade of the product. As a result, industry players are likely to invest more in R&D to reduce product cost and enhance product quality to gain the market share. Furthermore, the industry players are adopting expansion and integration strategies to establish themselves in the global market. Innovation in the manufacturing process to use bio-based raw material and reduce overall energy consumption is expected to be a key factor for manufacturers. Fluctuating raw material prices and strong foothold of existing players in the industry is expected to be a key challenge for new entrants. However, the scope for development in niche application areas such as welding, cement, agriculture, and the food is likely to open new avenues for the industry growth.