Calcium Silicate Price Trend and Forecast

Calcium Silicate Regional Price Overview

Get the latest insights on price movement and trend analysis of Calcium silicate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Calcium Silicate Price Trend for the Q3 of 2024

Asia

In Asia, particularly in China, the calcium silicate market was marked by a persistent downward trend throughout Q3 2024. The ongoing slowdown in China's economy, driven by weak industrial and construction activities, significantly impacted demand for calcium silicate. The Chinese construction sector, a key consumer of calcium silicate, faced a prolonged property crisis and weakening factory activity, which further dampened demand.
 

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Additionally, speculative buying in the market diminished, with downstream construction companies engaging primarily in on-demand purchases, avoiding excess inventory accumulation. Although the monsoon season posed some logistical challenges, market players managed to handle supply disruptions effectively through inventory management and reduced production rates. The Chinese market also faced a surplus of domestic calcium silicate due to steady local production, putting additional downward pressure on prices.

Europe

In Europe, the calcium silicate market faced significant bearish sentiment throughout Q3 2024. The Eurozone’s construction sector remained sluggish, with ongoing challenges such as declining housing activity and deteriorating employment conditions directly impacting the demand for calcium silicate. The European construction industry struggled to regain momentum, and the influx of lower-cost imports from Asia exacerbated the situation. As the region's supply chains were well-stocked due to shortened delivery times, excess inventory and reduced purchasing from downstream sectors contributed to an oversupplied market. Geopolitical tensions, along with congestion at several major container ports in Northern Europe, further disrupted supply chains. European market participants remained skeptical about a quick recovery in the construction sector, dampening optimism for a resurgence in calcium silicate demand.

North America

In North America, the calcium silicate market followed a more stable yet bearish trajectory during Q3 2024. While the region did not experience the same economic downturns as seen in Asia and Europe, the construction sector faced mixed signals, which influenced the market for calcium silicate. In the United States, the construction sector showed signs of recovery earlier in the year, with a rebound in single-family homebuilding during the summer months.

The construction sector also struggled with rising inventories of newly built homes, which limited new projects and, consequently, the demand for calcium silicate. Additionally, the region's calcium silicate supply chains were relatively stable, with minimal disruptions reported. However, the reduced pace of construction activity and the cautious market sentiment contributed to a subdued market for calcium silicate, keeping prices stable but on the lower end of the spectrum.

Analyst Insight

According to Procurement Resource, the price trend of Calcium Silicate is expected to oscillate on the lower end of the pricing spectrum as the meek support from the downstream industries might hamper the pricing trajectory of the commodity.
 

Calcium Silicate Price Trend for the Q2 of 2024

Asia

In Asia, particularly China, prices surged with slight month-on-month fluctuations in the second quarter of 2024. Despite subdued demand from the downstream construction sector, government initiatives aimed at stimulating the property market had a significant impact. The measures such as lowered minimum interest rates on home loans were introduced to stabilize the housing market amid falling prices and construction delays.

These interventions, coupled with seasonal factors and reduced construction activity, contributed to the price increase. Additionally, rising freight rates driven by geopolitical tensions and disruptions in major trade routes, including the Red Sea, further influenced price dynamics. Additionally, exporters accelerated shipments before the holiday season, adding to the upward pressure on prices. Although demand remained low, the combination of these factors led to a notable increase in calcium silicate prices in the Asian market.

Europe

In Europe, the calcium silicate market experienced stability in prices after consistent declines in the first quarter of 2024. Despite the increased costs of imported materials, low demand prompted traders to maintain stable prices, reflecting a balanced supply-demand scenario. The downstream construction sector continued to show sluggish activity due to challenging economic conditions. However, signs of easing in the prolonged downturn in European manufacturing brought a slight boost in business activities. However, supply disruptions due to adverse weather conditions, including rain and flooding in Germany, impacted the market.

These disruptions led to halted transport along several trade routes, straining central European supply lines and influencing calcium silicate costs. Additionally, macroeconomic factors such as the projected increase in Euro area annual inflation contributed to market sentiments and shaped the conditions in the calcium silicate market.

North America

The primary driver of calcium silicate prices was the improvement in construction activities in the US during the second quarter of 2024. Production rates were limited as the import of raw materials was slow. This widened the supply-demand gap of the market, giving manufacturers and traders room to increase their price quotations. However, by the end of the quarter, the market momentum turned frail amid the depreciating value of the US dollar as compared to Euro and Asian currencies. However, the export of the commodity turned southwards amid the escalating cost of transportation and the cautious approach of overseas players.

Analyst Insight

According to Procurement Resource, the price of Calcium Silicate is expected to fluctuate amid the limited interest of downstream industries and escalating cost of production.
 

Calcium Silicate Price Trend for the Q1 of 2024

Asia

During the first quarter of 2024, the calcium silicate market encountered a number of challenges in China, such as subdued demand from downstream industries, notably impacted by the Lunar New Year holidays and weak momentum of the raw material sector. Throughout the quarter, the prices exhibited a declining trend as low temperatures in the region after the Spring Festival hampered construction activities and decreased the domestic demand for calcium silicate.

Despite some support from infrastructure projects, the overall outlook of the market remained sluggish, contributing to a weak and deteriorating pricing pattern. Additionally, the expenditure budget of the consumers also contracted amid the rising pressure of inflation, and the fall in the Chinese Yuan over the North American Dollar further reduced consumer confidence and spending in this sector.

Europe

In European countries, the calcium silicate market witnessed a downturn, similar to what was observed in the Asian markets. During the first quarter, the market was primarily driven by bleak demand from the downstream industries. In Europe, reduced inquiries from downstream ceramics and construction sectors reflecting the ongoing economic challenges, dampened consumer confidence.

The downward trajectory was further fueled by the hesitancy of major drivers of the market in placing bulk orders amid financial constraints and economic uncertainty. Moreover, low import material costs contributed to reducing product costs. Further, the Ukraine crisis and delay in shipments due to the ongoing war between Israel and Hamas eventually restricted any growth potential of the market and thus resulted in the southward movement of the calcium silicate price trend.

North America

The US calcium silicate market mimicked the trend observed in the Asian and European countries. Initially, the trend was supported by the rise in investments in the construction sector, which drove up the demand for calcium silicate. However, as the quarter progressed, the prices began to slide due to the falling cost of feedstock materials and the dim outlook of end-user industries.

The contraction in the US economy and incline in the freight charges also proved to be a setback for the calcium silicate market. The situation was not very favorable in the raw materials market either, as they themselves struggled with subdued sales figures and a consistent decline in their pricing trajectory.

Analyst Insight

According to Procurement Resource, the price trend of Calcium Silicate is estimated to resume an uptrend in the forthcoming months as the limited production and escalating freight charges might work in favor of the calcium silicate market.
 

Calcium Silicate Price Trend for the October - December of 2023

Stay updated with the latest Calcium Silicate prices, historical data, and tailored regional analysis
 

Asia

In Asia, particularly in India, the construction sector bloomed under the initiatives launched by the government, which in turn extended some support to the calcium silicate price trend during the last quarter of 2023. However, in other Asian countries, the adverse weather conditions, abrupt rainfall in some areas, and drought-like situations concerned the whole industrial sector, and thus, despite some favors, the calcium silicate price trend in the fourth quarter faced many roadblocks.

Europe

In European countries, despite some relief in the demand for calcium silicate from the downstream, the market gave mixed signals in terms of calcium silicate price trend. The purchasing sentiments of the consumers still remained feeble throughout the fourth quarter of 2023, and along with this, the number of non-residential and civil engineering projects also showed only minimal movements. The German government propelled certain schemes to boost the demand for calcium silicate and other related chemicals, but it might take a little longer for the traders to reap the benefits of these initiatives.

North America

Continuing at its pace set by the previous quarters of 2023, the calcium silicate price graph in the fourth quarter, too, sent over mixed signals. There was a noticeable fall in the domestic and overseas demand for the product, which could not be compensated for by any number of strategic moves adopted by the trading sector. Further, the issues of drought in the Panama Canal and the double-digit percentage fall in the cost of crude oil caused distress to the American traders towards the end of this quarter.

Analyst Insight

According to Procurement Resource, the price trend of Calcium Silicate are estimated to be globally driven by the enhancements in the construction activities.
 

Calcium Silicate Price Trend for the July - September of 2023

Asia

After a positive run in the previous quarters, the calcium silicate price trend were rather regressive in the third quarter of the year 2023. Not only were the demands from the downstream consumption sectors tepid, but the raw material costs had also subsided, which further reduced the production cost support.

The primary customer section of the calcium silicate industry belongs to the construction businesses. And even though building development improved in the post-lockdown era, it was still far from the pre-COVID levels, especially in the Chinese domestic setup. Moreover, the slight market upliftment in the previous quarters gave suppliers the confidence to procure materials freely; as a result, the inventories got heavily stacked with unsold calcium silicate stocks; this situation further forced the suppliers to discount the calcium silicate prices in the discussed span to facilitate product movement. Overall, dull market sentiments were observed.

Europe

The European calcium silicate price index registered persistent fluctuations in the three months of Q3’23. In July, the calcium silicate price graph kept going down since the market behavior was still cold. However, the steadily easing inflationary pressure reflected in the slight upliftment in the construction sector in the middle of the quarter helped the market sentiments.

The sales dynamics started thawing, and some stability was witnessed in the regional calcium silicate prices in the middle of the quarter. However, the stability was short-lived as the excess inventory stocks again became dominant by the end of the Q3 in September’23. Overall, mixed market sentiments were observed.

North America

The North American market behavior for calcium silicate was almost identical to its European counterpart. After a slow start, a temporary price graph elevation in the middle gave some hope to the stakeholders. However, the end of Q3 replicated the beginning of the quarter as the price curve again shifted southwards post a short stable run.

Analyst Insight

According to Procurement Resource, Calcium Silicate prices will continue to waver in the coming quarters as well since the gloomy global economic situation makes the construction sector susceptible to sudden fluctuations.
 

Calcium Silicate Price Trend for the First Half of 2023

Asia

The first quarter of 2023 witnessed an inclining trajectory of calcium silicate prices as with the acceleration in the manufacturing sector of China, the market sentiments of calcium silicate also had a chance to grow. Additionally, the influx of new orders from domestic as well as overseas industries also helped in improving the trend of calcium silicate prices. In the second quarter, however, the trend followed a bearish tone on account of lower rates of procurement and stagnancy in the trading activities of the Asia Pacific region.

Europe

The European countries observed a declining trend in the prices of calcium silicate throughout the first and second quarters of 2023. The spike in inflation, interest, and overall cost of living hampered the spending appetite of the consumers and thus resulted in the southwards trajectory of calcium silicate prices. Along with this, the second quarter was further challenged by the steep fall in demand and exponentially rising level of inventories, which ultimately led to the fall in the prices of calcium silicate.

North America

The dull momentum of the construction and manufacturing sectors of North America proved to be an obstacle to the growth of calcium silicate prices. The demand also remained at the lower end because of the hike in interest rates charged by the government in order to maintain the economy of the region. In addition to this, in the second quarter, there was a steep fall in the number of inquiries from the international markets, and then the failure of two major US banks further accelerated the downfall of the prices of calcium silicate.

Analyst Insight

According to Procurement Resource, the price trend of Calcium silicate is expected to decline in the upcoming quarter as the interest of end-user sectors does not seem to be improving.

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