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, titled "Sodium Silicate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of sodium silicate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Sodium Silicate Prices December 2023:
- United States: 455 USD/MT (Sodium Silicate Glass)
- Japan: 315 USD/MT (Sodium Silicate Glass)
- Netherlands: 305 USD/MT (Sodium Silicate Glass)
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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.
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Sodium Silicate Price Trend- Q4 2023
The market growth of Sodium Silicate is driven by several critical factors across various industrial applications. Primarily, its role as a key raw material in the manufacture of detergents and soaps accounts for significant consumption, spurred by the global rise in hygiene awareness and standards, particularly evident during the COVID-19 pandemic. This growth is further supported by the burgeoning demand in the construction industry, where Sodium Silicate is used as a cement binder and for soil stabilization and waterproofing. The compound’s properties such as high temperature resistance and durability enhance its suitability in construction and automotive applications, fueling its market expansion. Additionally, environmental regulations advocating for the use of eco-friendly materials have also boosted the use of Sodium Silicate in environmentally sensitive applications, like water treatment and air purification, where it acts as a natural coagulant and flocculant. The shift towards sustainable practices in industries like pulp and paper, where Sodium Silicate is used as a de-inking agent during recycling, underscores its growing importance. Moreover, advancements in technology and innovation in product application, combined with increasing investments in R&D activities, are likely to open new avenues for Sodium Silicate usage. These factors collectively contribute to the steady growth of the Sodium Silicate market, reflecting its critical role across diverse sectors.
Sodium Silicate Market Analysis
The global sodium silicate market size reached US$ 7.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11.4 Billion, at a projected CAGR of 4.10% during 2023-2032. In the last quarter, the pricing dynamics of Sodium Silicate across various global markets were influenced by a complex array of factors that reflected both regional economic activities and broader geopolitical and logistical issues. In North America, particularly the USA, the market saw mixed trends largely due to seasonal impacts and the interplay with other construction-related materials. Winter months typically bring logistical challenges, including supply disruptions and escalated freight costs due to adverse weather conditions, which directly affect the availability and pricing of Sodium Silicate. Additionally, an increase in the prices of other construction materials reduced overall demand for construction services, indirectly impacting the demand for Sodium Silicate. This scenario was compounded by the availability of cheaper imports and a decrease in domestic demand, which contributed to a downward pressure on prices, evidenced by a year-over-year decrease of USD 10/MT. The complex interdependencies between supply chain efficiency, import competition, and sector-specific demand dynamics underscored the price fluctuations observed during the quarter.
Meanwhile, in the APAC region, particularly in Japan, the Sodium Silicate market experienced significant challenges that led to price reductions. The construction sector, a primary consumer of Sodium Silicate, faced a downturn in new orders and project delays, including significant projects like the World Expo 2025 pavilions in Osaka. This decline in sector activity directly impacted the demand for Sodium Silicate, leading to subdued market conditions and price drops. Geopolitical uncertainties and logistical disruptions, such as those caused by the Noto earthquake and ongoing issues in the Red Sea shipping routes, further strained the supply chain, exacerbating the supply-demand imbalance. Despite ample supply from other Asian markets, these external pressures led to a marked decrease in prices, as reflected in the significant drop to USD 320/MT in Osaka. The situation in APAC illustrates how external economic and geopolitical events can ripple through the supply chain, affecting regional market stability and pricing strategies in the chemicals sector.
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Key Points Covered in the Sodium Silicate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Sodium Silicate Prices
- Sodium Silicate Price Chart
- Sodium Silicate Demand & Supply
- Sodium Silicate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sodium Silicate Price Analysis
- Sodium Silicate Industry Drivers, Restraints, and Opportunities
- Sodium Silicate News and Recent developments
- Global Event Analysis
- List of Key Players
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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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