During the initial months of 2023, major Asian nations witnessed a sharp uptick in the need for sodium silicate, primarily fueled by their booming construction sectors. However, as supply chains struggled and demand tapered off in the second quarter, prices took a hit due to an influx of materials globally and reduced local production capacity. Meanwhile, in Europe, economic strains stemming from weakened construction activities and trade tensions between Russia and Ukraine caused a decline in sodium silicate prices. In North America, consistent declines were observed owing to low demand from end-users, alongside factors like high interest rates, scarcity in labor, and financial institution setbacks, all contributing to decreased purchasing capabilities. With production delays and economic sluggishness persisting, sodium silicate prices remained unfavorable, painting a challenging market scenario across Asia, Europe, and North America.
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Definition
Sodium silicate possesses adhesive and binding characteristics, forming a solid gel when reacted with acids. It is water-soluble and exhibits versatility in various applications. It finds use in detergents, construction materials, and textiles. Despite stability in alkaline environments, it is sensitive to acidic conditions. Sodium silicate's properties are influenced by its silica-to-sodium oxide ratio, impacting its viscosity, solubility, and reactivity.
Key Details About the Sodium Silicate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium Silicate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium Silicate Price chart, including India Sodium Silicate price, USA Sodium Silicate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium Silicate Price Trend:
Sodium silicate, also known as water glass, boasts a range of uses across various industries thanks to its distinct characteristics. It plays a crucial role in strengthening construction materials, boosting their durability. In detergents, it prevents soil particles from sticking to fabrics, aiding in effective soil removal. This compound acts as a flame retardant in textiles, enhances concrete performance as a cement additive, and offers heat resistance in foundry molds. Moreover, it serves as a corrosion inhibitor in coatings, contributes to water treatment processes, aids in ceramics production, and is involved in automotive repair. With its adhesive, stabilizing, and protective properties, sodium silicate proves to be an adaptable and invaluable element in multiple sectors.
Key Players:
- PQ Corporation
- CIECH Group
- Kiran Global Chem Limited
- Occidental Petroleum Corporation
- BASF SE
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