During the first quarter of 2023, the Sodium Silicate Price Index surged across major Asian countries, propelled by heightened demand from the construction sector. However, strained supply chains led to a subsequent dip in prices during the second quarter as demand softened due to a global influx of materials and local production constraints. Meanwhile, in Europe, sodium silicate prices experienced a decline amidst weakening construction activities and trade tensions stemming from the Russia-Ukraine conflict. In North America, consistent declines in the Sodium Silicate Price Index were observed due to subdued end-user demand, exacerbated by factors such as high interest rates, labor shortages, and bank failures, which eroded purchasing power. Production delays and economic sluggishness further exacerbated challenges, resulting in unfavorable sodium silicate prices across Asia, Europe, and North America.

Request for Real-Time Sodium Silicate Prices: https://www.procurementresource.com/resource-center/sodium-silicate-price-trends/pricerequest

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, commonly known as water glass, boasts a multitude of industrial applications thanks to its unique properties. It acts as a crucial binder in construction materials, bolstering their strength and longevity. In the realm of detergents, sodium silicate aids in soil removal by preventing soil particles from re-depositing onto fabrics. It serves as a flame retardant in textiles and a beneficial additive in cement, enhancing the performance of concrete structures. Moreover, sodium silicate finds utility in foundry molds due to its heat resistance and as a corrosion inhibitor in coatings. Beyond these applications, it contributes to water treatment processes, ceramics manufacturing, and automotive repair. With its adhesive, stabilizing, and protective characteristics, sodium silicate emerges as an indispensable and versatile component across various industries.

Key Players:

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

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: sales@procurementresource.com
Toll-Free Number: USA Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA