Sodium Silicate Price Trend

Sodium Silicate Prices March 2023

In the quarter ending March 2024, the price of sodium silicate glass in the USA, specifically CFR New York, was recorded at 455 USD/MT. This represents a price decrease when compared to the previous quarter. The reduction in market prices is likely to happen as a result of multiple factors including the decrease in demand as well as the increased availability of cheap imports.

In the quarter of March 2024 in Japan, the price for sodium silicate glass was reported as 315 USD/MT, which is 2% below the 2023 level. The decrease was impacted by the negative world market situation in the mentioned quarter. In addition to the factors determining the shifts between the demand, the market can be affected by supply chain disturbances or the procurement price of the raw materials.

In the quarter ending March 2024, the price of sodium silicate glass FOB Rotterdam in the Netherlands was noted at 305 USD/MT, showcasing a bearish pricing trend. This trend aligns with broader market sentiments as reflected in the construction confidence indicator, which EUROSTAT reported at -19.80% in March 2024.

Sodium Silicate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Silicate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium silicate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sodium silicate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium silicate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium silicate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

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.

• The expanding construction industry relies heavily on sodium silicate for high-strength cement and as an agent in soil stabilization and concrete surface treatments.
• The shifting trends towards sustainable and eco-friendly materials are also a significant factor contributing to the market growth, as industries seek alternatives to harmful chemicals.
• Sodium silicate's role in creating eco-friendly products, particularly in applications such as water treatment and air purification, aligns well with global environmental regulations and sustainability goals.
• The rising interest in geopolymer technology, which utilizes sodium silicate for producing eco-friendly cement alternatives, showcases its potential to reduce carbon footprints within the construction sector.
• Continual advancement in sodium silicate applications in pulp and paper manufacturing, where it is utilized as a pulp bleaching agent and for de-inking recycled paper, underscores its environmental and operational benefits, contributing to market growth.
• Rapid expansion into personal care products is driven by sodium silicate’s ability to adjust PH levels and stabilize formulations, making it a valuable component in the development of both medicinal and cosmetic solutions.
• It is an anti-caking agent in powdered foods, helping to prevent clumping and ensuring the free flow of ingredients.
• Sodium silicate is used as a flotation agent in mineral processing, enhancing the efficiency and yield of metal extraction processes.
• The growing area of application is in the energy sector, where sodium silicate is used in the synthesis of batteries and other energy storage materials.
• In textile processing, sodium silicate is used as a fixative for dyes and pigments, improving the colorfastness of materials.
• The unique properties of sodium silicate-derived aerogels, such as their thermal insulation capabilities, are pushing the boundaries of material science and opening new markets for sodium silicate-based products.
• The rising incidences of lifestyle diseases is resulting in a heightened demand for sodium silicate in medical applications. As more healthcare facilities adopt modern treatment methods, the demand for sodium silicate thereby supporting market growth.

Sodium Silicate News

The report covers the latest developments, updates, and trends impacting the global sodium silicate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium silicate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium silicate price trend.

Latest developments in the sodium silicate industry:

• On October 11, 2023, BASF is providing biomass-balanced tetrahydrofuran (THF BMB) to Asahi Kasei for producing sustainable stretch fiber under the ROICA™ brand, supporting a new sustainable apparel collection launched by Asahi Kasei’s customers.
• On April 9, 2024, Solvay launched the 2024 Ernest Solvay Fund call for projects to foster innovation in STEM and sustainability, managed by the King Baudouin Foundation with applications due by June 17th, 2024.
• On October 27, 2021, PPG formed a strategic partnership with Oriental Silicas Corporation (OSC), a top producer of silicas and related products. Under this agreement, OSC will represent PPG in selling specific silica grades to tire manufacturers across the Asia-Pacific region. This collaboration marks a significant expansion of PPG's reach in Greater China.

Product Description

Sodium silicate, popularly referred to as water glass or liquid glass, is a useful inorganic chemical substance that is obtained from sodium oxide and silica. It can be formed as a white powder or a colorless liquid depending on the concentration and the ratios of silica and sodium oxide used. The manufacturing process is done by melting sand and sodium carbonate at high temperatures, which then forms a glass that is dissolved in water to produce sodium silicate that comes in a variety of solutions.

Sodium silicate is an important ingredient widely used in both industrial and consumer applications ranging from binding to fire-resistant properties. The environmental benefits of sodium silicate include its non-toxic properties that help decrease the usage of phosphates in detergents, thus contributing to water purity and ecosystem health. Its functionality and environmental friendliness make it a vital actor across sectors, placing it as a necessary item in both industrial and environmental management practices.

Regional Coverage

The report provides a detailed analysis of the sodium silicate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium silicate price trend.

Global Sodium Silicate Price

The report offers a holistic view of the global sodium silicate pricing trends in the form of sodium silicate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sodium silicate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium silicate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sodium Silicate Price

In the first quarter of 2024, the European market for Sodium Silicate experienced mixed pricing dynamics due to a variety of influencing factors beyond typical market drivers. Despite a downturn in the construction sector, which typically fuels demand for Sodium Silicate, prices did not uniformly decrease. Limited availability of the product, coupled with disruptions in ocean transport routes, led to raw material shortages, delayed deliveries, and consequently higher purchasing and production costs.

These issues were particularly acute in the Netherlands, where the construction industry saw significant declines in activity, employment, and input purchasing, resulting in a notably bearish pricing trend for Sodium Silicate in the region.

This analysis can be extended to include detailed sodium silicate price information for a comprehensive list of countries.

North America Sodium Silicate Price

In Q1 2024, the North American market for Sodium Silicate displayed a mixed pricing trend influenced by a range of factors beyond the usual market drivers. In the USA, where market activity is most prominent, prices fluctuated due to seasonal impacts, such as supply disruptions and increased freight costs arising from harsh winter conditions. Additionally, the pricing of Sodium Silicate was indirectly affected by the rising costs of other construction materials, which led to a downturn in overall construction demand. This decrease in construction activity, in turn, reduced the demand for Sodium Silicate.

Specific sodium silicate historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Silicate Price

The report explores the sodium silicate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium silicate prices for countries can also be provided.

Asia Pacific Sodium Silicate Price

In Q1 2024, the Sodium Silicate market in the APAC region experienced varied and generally sluggish pricing dynamics. The market faced multiple challenges beyond typical influences, with Japan witnessing the most pronounced fluctuations. A decline in new construction orders contributed to decreased demand for Sodium Silicate in Japan, particularly as major projects like the World Expo 2025 pavilions in Osaka faced delays.

While supply within the region remained moderate, supported by other Asian markets, external factors such as geopolitical tensions in the Middle East and Europe, along with shipping disruptions in the Red Sea and the aftermath of the Noto earthquake, further strained the supply chain.

This sodium silicate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Silicate Price

The analysis of sodium silicate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium silicate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium silicate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium silicate price charts ensure our clients remain at the forefront of the industry.