During the initial half of 2023, potassium silicate prices in Asia exhibited a varied path, influenced by heightened inflation affecting consumer demand and an influx of materials. The construction and associated industries lost momentum, leading to decreased market activity, compounded by sluggish global trade and reduced buyer engagement, ultimately causing price drops. Meanwhile, in Europe, consistent price decreases were linked to inflation, fluctuating interest rates, and geopolitical tensions. The second quarter witnessed declining orders and consumer expenditure, resulting in substantial decreases in both demand and production. In North America, gradual price declines in the first quarter were driven by sluggish downstream demand and economic hurdles, further exacerbated by international disengagement and failures in the banking sector, contributing to the downturn in potassium silicate prices.
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Definition
Potassium silicate is a water-soluble salt and possesses adhesive and binding properties. With a high pH, it finds use as a fire-resistant and heat-resistant material. In agriculture, it provides potassium and silica, promoting plant health and strength. Potassium silicate’s diverse applications stem from its ability to enhance concrete durability, serve as a binder in foundry casting, and contribute to various industries requiring adhesion, strength, and resistance to high temperatures and chemicals.
Key Details About the Potassium 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 Potassium 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 Potassium Silicate Price trends, including India Potassium Silicate price, USA Potassium 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 Potassium Silicate Price Trend:
Potassium silicate boasts a wide array of industrial uses thanks to its exceptional qualities. In agriculture, it serves as a dual source of potassium and silica, bolstering plant health, fortifying against stress, and warding off diseases. Within construction, it serves as both a concrete sealer and adhesive, elevating longevity and resistance to moisture. The automotive field harnesses its heat resilience and corrosion-fighting attributes in coatings. Moreover, it acts as a binding agent in foundry casting and plays a vital role in fire-resistant materials due to its ability to withstand high temperatures. Its involvement in ceramics, textiles, and paper manufacturing further underscores its adaptability and valuable contributions across various sectors
Key Players:
- Occidental Chemical Corporation
- Nippon Chemical Industrial Co., Ltd.
- Alfa Aesar
- Nutri Tech Solutions
- Nanjing Vital Chemical Co Ltd
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