In the first quarter of 2023, major Asian countries experienced a surge in sodium silicate demand, driven by construction industries. However, supply chains strained, and Q2 demand waned, causing a dip in prices due to global material influx and local production. In Europe, weakening construction and trade amid Russia-Ukraine tensions led to falling sodium silicate prices. North America saw consistent declines due to subdued end-user demand, high interest rates, labor shortages, and bank failures, resulting in reduced purchasing power. Production delays and economic sluggishness further kept sodium silicate prices unfavorable, portraying a challenging market 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, or water glass, finds diverse industrial applications owing to its unique properties. It serves as a vital binder in construction materials, enhancing their strength and durability. In detergents, it aids in soil removal by preventing soil particles from redepositing on fabrics. Sodium silicate acts as a flame retardant in textiles and a cement additive, improving concrete’s performance. It’s utilized in foundry molds for its heat resistance and as a corrosion inhibitor in coatings. Additionally, it plays a role in water treatment, ceramics, and automotive repair. The adhesive, stabilizing, and protective attributes of sodium silicate make it a versatile and valuable component across industries.
Key Players:
- PQ Corporation
- CIECH Group
- Kiran Global Chem Limited
- Occidental Petroleum Corporation
- BASF SE
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