In the first and second quarters of 2023, potassium silicate prices in Asia displayed a mixed trajectory due to rising inflation impacting end-user demand and increased material influx. Market momentum in construction and related sectors declined, along with stagnant global trade and reduced buyer interest, leading to price declines. In Europe, consistent price falls were attributed to inflation, interest rates, and geopolitical stress. Q2 saw decreased orders and consumer spending, resulting in significant demand and production drops. North America experienced gradual Q1 price decline due to slow downstream demand and economic challenges, with international disinterest and banking sector failures further depressing 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 finds diverse industrial applications owing to its unique properties. In agriculture, it acts as a source of potassium and silica, enhancing plant growth, stress resistance, and disease prevention. In the construction sector, it's used as a concrete sealer and adhesive, enhancing durability and moisture resistance. The automotive industry employs it in coatings for its heat resistance and anti-corrosive properties. Potassium silicate is also utilized in foundry casting as a binder, and in fire-resistant materials due to its high-temperature stability. Its roles in ceramics, textiles, and paper production further highlight its versatile contributions to multiple industries.
Key Players:
- Occidental Chemical Corporation
- Nippon Chemical Industrial Co., Ltd.
- Alfa Aesar
- Nutri Tech Solutions
- Nanjing Vital Chemical Co Ltd
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