In the Asian Silicates market, price fluctuations mirrored Silica and Soda Ash commodity costs, driven by demand from glass, ceramics, and construction sectors in H1 2023. China’s extended construction restrictions dampened demand, leading to surplus inventories, while Q1 2023 saw limited market revival. Reduced feedstock and freight prices curtailed significant price hikes, resulting in moderate fluctuations. In Europe, weakened purchasing power and a contracting construction sector amid economic challenges and disrupted supply chains influenced Silicates prices, despite sporadic market activity. North America experienced relatively stable Silicates prices in Q1, followed by mixed sentiments and fluctuating prices in Q2, in line with global trends.
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Definition
Silicates are chemical compounds characterized by silicon and oxygen atoms, often combined with various metal elements. They constitute a broad class of minerals and materials, integral to industries such as construction, ceramics, and glass manufacturing. Silicates possess diverse structural and physical properties, playing a vital role in both natural geological formations and industrial applications due to their versatility and abundance in the Earth’s crust.
Key Details About the Silicates 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 Silicates 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 Silicates Price chart, including India Silicates price, USA Silicates 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 Silicates Price Trend:
Silicates are crucial in glass production, enhancing transparency and strength. In ceramics, they aid shaping and firing processes, ensuring durability. As binders in construction materials like cement, silicates contribute to strength. Their diverse properties make them indispensable in these key industries.
Key Players:
- Nippon Chemical Industrial CO., LTD
- Tokuyama Corporation
- BASF SE
- PQ Corporation
- Evonik Industries AG
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