During the initial quarter of 2023, prominent Asian nations witnessed a notable uptick in the need for sodium silicate, primarily propelled by the construction sectors. However, strained supply chains and a decreased demand in the second quarter led to a decline in prices. This was influenced by a surge in global material availability and local production. Meanwhile, in Europe, a weakening construction industry and trade tensions arising from the Russia-Ukraine conflict contributed to a drop in sodium silicate prices. North America experienced consistent declines due to diminished demand from end-users, amplified by high interest rates, labor scarcities, and bank closures, ultimately reducing purchasing capabilities. With production setbacks and an overall sluggish economic scenario, sodium silicate prices remained unfavorable, presenting a challenging market landscape 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 Prices, 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 industrial uses due to its exceptional characteristics. It functions as a crucial bonding agent in construction materials, bolstering their durability and strength. Within detergents, it actively aids in removing soil by preventing its re-deposition on fabrics. Sodium silicate serves as a flame retardant in textiles and an enhancer in cement, elevating the performance of concrete structures. Its applications extend to foundry molds for its resistance to heat and as a corrosion deterrent in coatings. Furthermore, it contributes significantly to water treatment, ceramics, and automotive repair. The adhesive, stabilizing, and protective qualities of sodium silicate underscore its versatility and indispensable role across various industries.

Key Players:

  • PQ Corporation
  • CIECH Group
  • Kiran Global Chem Limited
  • Occidental Petroleum Corporation
  • BASF SE

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