Product
Sodium Silicate Price Trend and Forecast
Sodium Silicate Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Sodium Silicate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sodium Silicate Price Trend for the First Half of 2023
Asia
Traders from major countries in Asia saw an upsurge in the demand for sodium silicate in the first quarter of 2023. The Asia Pacific market was on track to regain its momentum after a long stretch of the lunar holiday season and covid. Amid the rising demand, especially from the construction industries, the supply chains remained under pressure in this quarter.
But this demand from downstream industries failed to maintain its consistency in the second quarter, and as a result, the price trend of sodium silicate dipped. In addition to this, the influx of material from the international markets and strong domestic production activities led to a rise in the level of inventories, which further negatively impacted the price trend of sodium silicate.
Europe
The price trend of sodium silicate fell consistently in the first and second quarters of 2023 due to the feeble movement of the construction sector. The depreciating market conditions restricted the growth of the sodium silicate market in Europe, and as a result, the traders witnessed a dip in the number of new orders in 2023. The ongoing Russia-Ukraine crises and sliding trade activities further hampered the growth of the sodium silicate market and eventually led to a fall in the prices of sodium silicate.
North America
In North America, the sodium silicate faced southwards throughout the first and second quarters of 2023. With muted demand from the end-user industries, hikes in interest rates, and low availability of labor, the market of sodium silicate struggled. Additionally, the pressure of inflation caused by the failure of two major US banks lowered the purchasing potential of buyers. The delays in production and falling economic activities kept the price trend of sodium silicate in the negative zone.
Analyst Insight
According to Procurement Resource, the price trend of sodium silicate is estimated to depict negative growth as the end-user industries are experiencing weak momentum.
Procurement Resource provides latest prices of Sodium 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
Sodium silicate is produced by mixing silicon dioxide (SiO2) and sodium oxide (Na2O). This water-soluble, colorless compound has stabilizing, binding, and adhesive qualities. Numerous industrial applications of sodium silicate include employment as a cement additive, a flame retardant in textiles, a component of detergents, and a binder in building materials. When combined with acids, it can produce a solid gel, making it useful in a variety of industrial applications.
Product Details
| Report Features | Details |
| Product Name | Sodium Silicate |
| Chemical formula | Na2SiO3 |
| Industrial Uses | Adhesives and binders, Foundry and metal castings, Water treatment, Paints and coatings, Electroplating, Textile and fabric treatment |
| CAS Number | 1344-09-8 |
| Molecular weight | 122.06 g/mol |
| HS Code | 28391900 |
| Supplier Database | PQ Corporation, CIECH Group, Kiran Global Chem Limited, Occidental Petroleum Corporation, BASF SE |
| 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
The reaction between silica sand and caustic soda in a superheated steam flow reactor leads to the production of sodium silicate via pulverization and heating.
Silica sand and soda ash reaction at around 851°C with applied pressure through steam gives sodium 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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