The sodium silicate price index experienced notable fluctuations across major Asian countries in the first quarter of 2023. A surge in demand, propelled by robust activity in the construction industries, drove prices upward. However, strained supply chains coupled with a waning demand in the second quarter led to a dip in prices. This downturn was exacerbated by a global influx of materials and local production issues.
Meanwhile, in Europe, sodium silicate prices faced downward pressure due to weakening construction activity and trade uncertainties amidst tensions between Russia and Ukraine. Similarly, North America witnessed consistent declines in the sodium silicate price index. Factors such as subdued end-user demand, high interest rates, labor shortages, and bank failures contributed to reduced purchasing power.
Production delays and economic sluggishness further compounded the challenges, resulting in unfavorable sodium silicate prices 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, commonly known as water glass, boasts a range of industrial applications due to its unique properties. It acts as a crucial binder in construction materials, enhancing their strength and durability significantly. In the detergent industry, it plays a vital role in soil removal by preventing soil particles from re-depositing on fabrics. Sodium silicate also serves as a flame retardant in textiles and as an additive in cement, thereby improving the performance of concrete. Its heat-resistant properties make it valuable in foundry molds, while its corrosion-inhibiting capabilities are utilized in coatings. Moreover, sodium silicate finds applications in water treatment, ceramics, and automotive repair. Its adhesive, stabilizing, and protective characteristics render it a versatile and indispensable component across various industries.
Key Players:
- PQ Corporation
- CIECH Group
- Kiran Global Chem Limited
- Occidental Petroleum Corporation
- BASF SE
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