Product
Potassium Silicate Price Trend and Forecast
Potassium Silicate Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Potassium Silicate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Potassium Silicate Price Trend for the First Half of 2023
Asia
In the first and second quarters of 2023, the price trend of potassium silicate showcased a mixed trajectory. The region suffered from the rising rates of inflation that hampered the demand from the end-user industries. The fall in the prices was also supported by the increased influx of material in the market and the loss of market momentum of construction and other related industries. In addition to this, the stagnancy in global trading and declined interest of domestic and international buyers caused the prices of potassium silicate to slide.
Europe
A consistent fall in the prices of potassium silicate was observed in the first and second quarters of 2023. In the first quarter, the trade was affected by the surging inflation and interest rates along with the geopolitical stress from the ongoing Russia-Ukraine war. The second quarter also suffered from a significant decrease in the number of fresh orders and consumer spending. This quarter was estimated to have seen the greatest fall in demand and production rates which eventually led to the fall in the price trend of potassium silicate.
North America
The decline in the prices of potassium silicate in the first quarter of 2023 was only gradual as the downstream industries presented with a slow movement in the demand sector. Amid the south-facing economic conditions, the rates of inflation and interest pushed the potassium silicate market in a negative direction. Not only in the domestic region, but the demand dynamics from the international markets also showcased a low interest in this sector, and on top of it, the failure of the banking sector hampered the price trend of potassium silicate in North America.
Analyst Insight
According to Procurement Resource, the price trend of Potassium Silicate is estimated to showcase a declining trend as the slow momentum of downstream industries and a global recession will impact the potassium silicate negatively.
Procurement Resource provides latest prices of Potassium Silicate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Potassium silicate is commercially obtained from the combination of potassium oxide and silicon dioxide. It is also known as water glass and finds applications in various industrial applications owing to its adhesive and binding properties. In the welding electrodes sector, it is used as a binder, and in several other industries it is employed as a fireproofing agent, an additive in cement and concrete and as a protective coater for surfaces.
Product Details
| Report Features | Details |
| Product Name | Potassium Silicate |
| Chemical formula | K2O3Si |
| Industrial Uses | Welding and metal treatment, Adhesive and binder, Soil stabilizer, Corrosion protector, Textile and fabric treatment, Fireproofing and heat resistance |
| CAS Number | 1312-76-1 |
| Molecular weight | 154.28 g/mol |
| HS Code | 28399000 |
| Supplier Database | Occidental Chemical Corporation, Nippon Chemical Industrial Co., Ltd., Alfa Aesar, Nutri Tech Solutions, Nanjing Vital Chemical Co Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
In calcination, the salt of potassium carbonate and silica sand are heated at approximately 593.32°C under high pressure conditions to give potassium silicate.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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