Product
Sodium Tetraborate Price Trend and Forecast
Sodium Tetraborate Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Sodium Tetraborate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sodium Tetraborate Price Trend for the First Half of 2023
Asia
In Aisa, the price trend of sodium tetraborate gradually fell as the declining demand from the construction industry negatively impacted the market dynamics of sodium tetraborate in the first quarter of 2023. In addition to this, the supply sector remained strong, which increased the availability of the product in the region, and adversely impacted the demand.
In the second quarter, prices of sodium tetraborate inclined slightly in the first month but could not sustain throughout the quarter. The prices were majorly affected by the fall in the market dynamics of end-user industries. A decrease in the number of inquiries and a rise in stockpiles further pushed sodium tetraborate prices towards the negative side.
Europe
The sodium tetraborate market showcased a mixed trajectory in the first quarter of 2023. The prices rose in the initial phase and then declined gradually in the subsequent months. The first quarter prices were supported by the improvement in inquiries from the building and detergent industries and a steady supply of the product that did not let the level of inventories rise beyond demand.
A similar trajectory was seen in the second quarter. In this phase, the trend continued the trajectory of the last quarter in the first two months but then inclined at the end-quarter phase. The fall in market dynamics of sodium tetraborate was due to the subdued demand and increasing pressure on manufacturers due to the hike in interest and inflation rates. Consumer confidence thus declined in this sector, which directly impacted the economy of Europe.
North America
The price trend of sodium tetraborate in North America stabilized in the month of March after a gradual decline in previous months. In March, the industrial sector gained momentum, which eventually led to a rise in the construction and detergent industries. But the economic activities of the North American region took a toll at the end phase of the second quarter. The slowdown of demand from construction, agriculture, laundry, and other related industries adversely affected the price trend of sodium tetraborate and thus caused the prices of sodium tetraborate to decline.
Analyst Insight
According to Procurement Resource, the price trend of Sodium Tetraborate is expected to showcase an oscillating movement due to falling end-user demands globally.
Procurement Resource provides latest prices of Sodium Tetraborate. 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 tetraborate or borax is a white, crystalline powder that has high water-softening abilities and thus is widely used in the soaps and detergents industry. It also acts as a flame retardant in the glass and ceramics manufacturing and as a flux in the glass and ceramics industry. It also acts as an essential component of insecticides, fertilizers, and water treatment plants.
Product Details
| Report Features | Details |
| Product Name | Sodium Tetraborate |
| Chemical formula | Na2B4O7 |
| Industrial Uses | Glass and ceramics, Fire retardants, Pharmaceuticals, Water treatment, Detergents, Metallurgy, Detergents |
| HS Code | 28401100 |
| CAS Number | 1330-43-4 |
| Molecular weight | 201.2 g/mol |
| Synonyms | Borax |
| Supplier Database | BRARMAR Chemie GmbH, Alfa Aesar, Graham Chemical, Hubei Xiangei Group, Deutsche Borax |
| 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
At specific pressure and temperature of around 90-100°C, the aqueous solution of soda is poured into boric acid. After the completion of reaction, the insoluble part settles down and the rest of the solution is filtered out. This filtered part is then processed and cooled to give crystals in a crystallizer to obtain the final product.
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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