Potassium Silicate Price History and Forecast Analysis | Procurement Resource

During the initial half of 2023, the trajectory of potassium silicate prices in Asia showcased a varied pattern, influenced by escalating inflation affecting the demand from end-users and an increased influx of materials. Sectors like construction and related industries witnessed a decline in market momentum, impacted by stagnant global trade and waning buyer interest, consequently leading to a downward shift in prices. Meanwhile, in Europe, the consistent decline in prices found its roots in inflation, fluctuations in interest rates, and geopolitical tensions. The second quarter witnessed a notable decrease in orders and consumer spending, amplifying the drop in demand and production levels. In North America, the gradual decline in prices during Q1 was a result of sluggish downstream demand and economic hurdles. International disinterest and failures within the banking sector further exacerbated the downward pressure on potassium silicate prices in the region.

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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 boasts a wide array of industrial applications thanks to its exceptional properties. Within agriculture, it serves as a dual source of potassium and silica, bolstering plant growth, fortifying against stress, and aiding in disease prevention. In construction, its role extends to sealing concrete and acting as an adhesive, elevating durability and bolstering resistance against moisture. The automotive sector capitalizes on its attributes, employing it in coatings renowned for their heat tolerance and anti-corrosive traits. Furthermore, in foundry casting, it serves as a binding agent, while its exceptional high-temperature stability renders it indispensable in the creation of fire-resistant materials. Its versatility is further underscored in its contributions to ceramics, textiles, and paper production, showcasing its indispensable role across diverse 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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