Early 2023 saw a surge in sodium silicate demand in major Asian countries due to construction. But by Q2, supply chain strains caused a drop in demand and prices globally. Europe faced falling prices amidst weakened construction and trade due to Russia-Ukraine tensions. North America experienced consistent declines due to low end-user demand, high interest rates, labor shortages, and bank failures, reducing purchasing power. Production delays and economic sluggishness kept sodium silicate prices challenging 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 trends, 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:
Key Players:
- PQ Corporation
- CIECH Group
- Kiran Global Chem Limited
- Occidental Petroleum Corporation
- BASF SE
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