Sodium Silicate Prices, Chart, Index, News and Forecast

Sodium Silicate Price in USA

• United States: 455 USD/MT (Sodium Silicate Glass)

During the quarter ending March 2024, sodium silicate glass prices in the USA, particularly CFR New York, were documented at 455 USD/MT, indicating a drop from the previous quarter.

The latest report by IMARC Group, titled "Sodium Silicate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of sodium silicate prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Sodium Silicate Prices Analysis:

• Japan: 315 USD/MT (Sodium Silicate Glass)
• Netherlands: 305 USD/MT (Sodium Silicate Glass)

Report Offering:

• Monthly Updates: Annual Subscription
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The study delves into the factors affecting sodium silicate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report:  https://www.imarcgroup.com/sodium-silicate-pricing-report/requestsample

Sodium Silicate Price Trend- Last Quarter

Sodium silicate is employed as a sealant, adhesive, and a component in cement and mortar. Its ability to improve the durability and longevity of concrete structures makes it a valuable additive. With the global construction industry expanding, especially in emerging economies, the demand for sodium silicate is rising. Urbanization, infrastructural development, and renovation projects are driving the need for high-performance construction materials. The detergent industry also uses sodium silicate as a builder to enhance the cleaning efficiency of detergents. Sodium silicate aids in softening water, preventing soil redeposition, and maintaining alkalinity during the washing process. As people demand more efficient and environment-friendly cleaning products, manufacturers are investing in advanced detergent formulations that incorporate sodium silicate.

Sodium Silicate Industry Analysis

The prices of sodium silicate experienced an increment during Q4 2023 in North America. The rise in the USA and on the Manufacturing Purchasing Managers’ Index (PMI) compared to October indicated an improvement in the construction industry, leading to high demand for the product. The sustained increase in business activities also suggested an ongoing positive momentum in the construction industry, maintaining the upward price trend of the product through the final month of the quarter. Additionally, shipping charges from Asia to the USA increased due to the conflict involving Houthi armed forces in the Red Sea area.

During Q4 2023, The prices of sodium silicate exhibited a mixed price trend in Asia Pacific. In October, sodium silicate prices experienced a notable reduction primarily due to the absence of growth in new orders from the downstream construction sector. Surprisingly, the manufacturing index recorded a decrease in October compared to September. This decline was largely due to reduced activity in the extensive service sector and construction, displaying A level of demand weakness associated with the slowdown in the housing market and a deceleration in infrastructure spending in various Chinese regions. During the mid and final months of the quarter, prices experienced a sudden increment due to high-cost pressure from raw materials.

In Europe, the prices of sodium silicate exhibited a mixed trend during the fourth quarter of 2023. In October, the prices continued to reduce primarily due to weak needs from the downstream construction industry. The manufacturing sector in Germany faced production complications as a prolonged period of reduced new orders in October affected production levels. Certain companies noted that customers were actively reducing inventories and delaying investments, indicative of a cautious approach due to uncertainties and elevated interest rates. Despite the reduction in downstream activities, the cost of the product increased due to the limited availability of cost pressures from raw materials.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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