Potassium Silicate Prices Today, Price Chart and Forecast Analysis | Procurement Resource
During the initial two quarters of 2023, potassium silicate prices in Asia followed a varied path due to inflation affecting consumer demand and an influx of materials. The construction and related industries saw a slowdown in market activity, compounded by sluggish global trade and decreased buyer interest, causing prices to decrease. In Europe, prices consistently fell due to factors like inflation, interest rates, and geopolitical tensions. The second quarter witnessed reduced orders and consumer spending, leading to a notable decline in both demand and production. In North America, Q1 saw a gradual drop in prices owing to sluggish demand downstream and economic difficulties, exacerbated by international disengagement and banking sector issues that further pushed down 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’s distinct characteristics make it invaluable across various industries. In agriculture, it serves as a dual provider of potassium and silica, bolstering plant development, resilience against stress, and protection from diseases. Within construction, it functions as a sealant and adhesive in concrete, elevating its endurance and resistance to moisture. The automotive sector harnesses its heat resistance and anti-corrosive nature in coatings. Moreover, it acts as a binding agent in foundry casting and plays a pivotal role in fire-resistant materials due to its ability to withstand high temperatures. Its multifaceted utility extends to ceramics, textiles, and paper production, showcasing its adaptability and widespread contributions across diverse 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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