During the initial and second quarters of 2023, the prices of potassium silicate in Asia exhibited a varied trajectory, influenced by the upsurge in inflation affecting consumer demand and an influx of materials. The construction and related sectors faced a decline in market momentum, exacerbated by stagnant global trade and diminished buyer interest, leading to a decrease in prices. In Europe, a consistent drop in prices was linked to factors such as inflation, fluctuating interest rates, and geopolitical tensions. The second quarter witnessed a reduction in orders and consumer spending, resulting in significant declines in both demand and production. In North America, the first quarter saw a gradual decline in prices due to sluggish downstream demand and economic challenges, with a lack of international interest and failures in the banking sector further contributing to the downward trend in 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 chart, 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 is valued for its distinct properties, leading to a wide range of industrial applications. In agriculture, it serves as a dual source of potassium and silica, fostering plant growth, bolstering resistance to stress, and aiding in disease prevention. The construction sector benefits from its use as a concrete sealer and adhesive, elevating both durability and moisture resistance. Within the automotive industry, potassium silicate is harnessed in coatings for its remarkable heat resistance and anti-corrosive attributes. Foundry casting relies on it as a binder, while its high-temperature stability makes it crucial in the creation of fire-resistant materials. Its adaptability extends to ceramics, textiles, and paper production, underscoring its multifaceted contributions across various 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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