In Asia, the price trend of sodium tetraborate declined in Q1 2023 due to reduced demand from the construction industry and an abundant supply, negatively affecting its market dynamics. Although there was a slight price increase in the second quarter's initial month, it couldn't be sustained. Falling end-user industry dynamics, decreased inquiries, and rising stockpiles further pushed prices downwards. In Europe, Q1 saw fluctuating prices, supported by building and detergent industry inquiries and controlled inventory levels. Similar trends continued in Q2, with declining demand and manufacturing pressures. In North America, Q1 experienced stabilization and Q2 decline due to varying industrial activities impacting construction, agriculture, and related sectors.
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Definition
The Sodium Tetraborate, commonly referred to as borax, exhibits a range of notable characteristics. As a white crystalline powder, it boasts high solubility in water and demonstrates an alkaline pH, serving as an effective buffer. Its versatility extends to diverse industrial uses, wherein it forms complex ions with metals, functions as a flux in metallurgical processes, and serves as a fire retardant and cleaning agent. Moreover, its distinct properties render it suitable for incorporation into detergents, cosmetics, and various chemical reactions.
In terms of market dynamics, it's essential to monitor the Sodium Tetraborate Price Trend, Sodium Tetraborate Price Index, and Sodium Tetraborate Prices. Analyzing the Price Trend through charts and graphs provides valuable insights into market fluctuations and pricing patterns over time.
Key Details About the Sodium Tetraborate 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 Tetraborate 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 Tetraborate Price chart, including India Sodium Tetraborate price, USA Sodium Tetraborate 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 Tetraborate Price Trend:
In the detergent and cleaning industry, sodium tetraborate acts as a water softener and stain remover. Its fire-retardant properties make it valuable in flame-resistant coatings and textiles. In metallurgy, sodium tetraborate serves as a flux in welding and soldering applications. It plays a role in glass and ceramic manufacturing as a flux, enhancing melting and reducing viscosity. Moreover, sodium tetraborate is used in agriculture as a micronutrient fertilizer and pH buffer. Its applications extend to cosmetics, pharmaceuticals, and water treatment, showcasing its significance across diverse industrial sectors.
Key Players:
- BRARMAR Chemie GmbH
- Alfa Aesar
- Graham Chemical
- Hubei Xiangei Group
- Deutsche Borax
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