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Sodium Silicate

Sodium Silicate Price Trend and Forecast

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Sodium Silicate Price Trend and Forecast

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Market Overview

For the Quarter Ending June 2022

North America

Sodium Silicate prices in the US market traced an upward trajectory like in other regions. As per the assessment, the Sodium Silicate price remained buoyant during Q2 2022, owing to extreme inflationary pressure on producers. The analysis shows that the producer price index in the USA remained inflated throughout the quarter, supporting an upward price trajectory for several commodities, including Sodium Silicate. US government heard harsh decisions to curb inflation, increasing the risk of stagflation. Thus, despite modest to stable demand from the domestic market, the Sodium Silicate price hovered around USD 390/MT during May 2022.

Asia

During Q2 2022, the Asian Sodium Silicate market remained firm on the back of high demand amidst consistently escalating inflationary pressure on producers. Although China heard battling with a sudden escalation in new pandemic cases, which compelled the government to impose stringent lockdown restrictions on the country, the product price inflated. On the other side, the Indian market remained stable throughout this timeframe, as no pandemic-related uncertainties were found in the country. Therefore, demand fundamentals for the product remained stable across India's domestic market, which supported the upward price trajectory, which eventually settled around USD 418/MT in May 2022 in India.

Europe

In the middle of soaring raw material costs, Germany witnessed the highest inflation rate in May 2022, owing to a consistent rise in energy value. ChemAnalyst data shows that Sodium Silicate's price kept tracing an uptrend during Q2 2022 due to high inflationary pressure amidst stable offtakes from the downstream industries. The data shows that the price of feedstock Silica, which usually remains stable, rose effectively during this quarter and affected the pricing dynamics of downstream silicates in the European and international markets. The data shows Germany's USD 340/MT price during May 2022.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Sodium Silicate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Sodium Silicate market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Sodium Silicate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company's annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Sodium Silicate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry's performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Sodium Silicate market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Sodium Silicate are analyzed and region-wise demand pattern is tracked.

About

Sodium Silicate is a silicate salt of sodium having the physical property of a white crystalline solid, which is soluble in water. It produces a stable alkaline solution when dissolved in water. The hydrogen ions react with silicate ions, forming silicic acids. These acids are then broken down further into hydrated silicon. The water evaporates when the solution is heated further, forming silica gel, a hard and translucent solid. This chemical is often utilized as a desiccant on a large basis. Sodium silicate is widely used for making cardboard and pottery. Apart from these applications, Sodium Silicate is an important chemical for water treatments, flocculant and coagulant, and fixative for dyeing procedures.

Product Specific Details

CAS No:	1344-09-8
HS Code:	283911
Grade:	Standard
Contract Size:	30-50 MT
Packaging Type:	25kg bags

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Sodium Silicate Price Trend and Forecast

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