Potassium Silicate Prices, Chart, News, Supply & Demand, Forecast | IMARC Group

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Potassium Silicate in South Korea

  • South Korea: 995 USD/MT

In the last quarter of 2023, the price of potassium silicate in South Korea declined. This decrease can be attributed to a reduction in new orders and elevated inflation rates, prompting companies to exercise caution in their purchasing decisions.

The latest report by IMARC Group, titled “Potassium Silicate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of potassium silicate price trend. This report delves into the price of 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.

Potassium Silicate Prices December 2023:

  • South Korea: 995 USD/MT (Potassium Silicate Glass Grade)
  • Poland: 1210 USD/MT (Potassium Silicate Glass Grade)

Report Offering:

  • Monthly Updates: Annual Subscription
  • Quarterly Updates: Annual Subscription
  • Biannually Updates: Annual Subscription

The study delves into the factors affecting potassium 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/potassium-silicate-pricing-report/requestsample

Potassium Silicate Price Trend- Q4 2023

Other Post You May Be Interested In

Potassium silicate, commonly known as water glass, plays a crucial part in various industrial applications due to its unique chemical properties and versatile uses. It is widely used in agriculture as a potassium fertilizer and a silicon source. The increasing awareness about sustainable farming methods and the need for improving crop yields is driving the demand for potassium silicate. It builds plant resistance to pests and diseases while promoting healthier growth. This trend is particularly prominent in regions focusing on high-value crops, such as fruits, vegetables, and cash crops, where yield improvement and quality enhancement are critical. In the construction industry, potassium silicate is utilized as a concrete densifier and surface hardener.

Its capability to react with calcium hydroxide in concrete to form calcium silicate hydrate enhances the durability and strength of concrete structures. With the growing emphasis on infrastructure development and sustainable building practices, the demand for potassium silicate in construction is rising. This compound also finds applications in coatings and sealers, contributing to its increasing adoption in the construction sector.

Potassium Silicate Industry Analysis

Potassium silicate serves as a binder and adhesive in the manufacturing of refractory materials, ceramics, and welding electrodes. Its ability to withstand high temperatures and chemical corrosion makes it indispensable in industrial applications requiring durable and heat-resistant materials. Ongoing research and development (R&D) initiatives are focusing on enhancing the properties of potassium silicate for specialized industrial uses. The shift towards sustainable manufacturing practices and stringent environmental regulations is increasing interest in potassium silicate as an eco-friendly alternative in various applications. Compared to conventional chemicals, potassium silicate is considered more environmentally benign, offering reduced toxicity and better biodegradability profiles.

Manufacturers are increasingly adopting potassium silicate-based solutions to align with regulatory requirements and consumer preferences for sustainable products. Advancements in manufacturing technologies have improved the production efficiency and quality of potassium silicate. Modern production methods enable precise control over the composition and properties of potassium silicate, catering to specific application requirements.

The price trend of potassium silicate in South Korea faced significant price changes. The market was heavily influenced by a decline in new orders and a cautious approach among buyers owing to the high interest rates. The market also experienced a year-on-year price decrease, highlighting the challenging conditions faced by the industry. However, there was no news of plant shutdowns during this period. Moreover, a decline in the downstream construction industry, which resulted in reduced demand for potassium silicate, also influenced the pricing trends. Additionally, the availability of cost-effective imported goods from overseas markets intensified the declining trajectory of prices in South Korea.

In Europe, the price trend of potassium silicate showed signs of recovery by the end of the quarter. The demand remained consistently low, mainly due to the slowdown in the construction sector. The construction industry in the region experienced substantial downturns, causing in decreased activity and a reduced need for building materials. Moreover, there was a rise in the price of potassium silicate during December as producers responded to persistently low consumption during the economic slowdown by reducing their production and creating a shortage of products. Furthermore, the availability of products remained moderate, with no signs of plant shutdowns.

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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