Colloidal Silicon Dioxide Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Colloidal Silicon Dioxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Colloidal Silicon Dioxide Price Trend for the Q1 of 2024
Asia
The onset of the first quarter of 2024 brought noticeable changes in the colloidal silicon dioxide market. Initially, the market struggled with the sluggish outlook of the downstream food and pharmaceutical industries. This slowdown could be attributed to the weak condition of the Asian manufacturing sector, particularly in India, and the decline in the number of inquiries from overseas players.
Colloidal Silicon Dioxide Price Chart
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The surge in inventories and dim momentum of the market was overturned in the next phase of the quarter. The traders noticed a gradual improvement in the demand for the commodity and an improvement in the trading environment. International demand also showcased a strong recovery, asserting a strong influence on the uptick in the prices of colloidal silicon dioxide.
Europe
The price trend of colloidal silicon dioxide was not much different from the Asian countries as the market here also registered a slight downturn in the initial phase and recovery in the later. During the first month of the quarter, the end-user industries such as healthcare and related sectors presented meek demand amid the ongoing uncertainties regarding the economic outlook of the European countries.
However, in the subsequent months, the demand grew at a consistent pace, but the logistical challenges, significant inclination in the freight charges, and limited imports from China due to the onset of Spring festival holidays made the procurement of the commodity difficult. The consequence of these factors was the widening of the supply-demand gap, giving the traders a window to increase their price quotations for colloidal silicon dioxide.
North America
The cautious buying activities of consumers due to rising rates of interest and worsening inflationary pressure during the first phase of the quarter asserted a negative influence on the colloidal silicon dioxide market momentum. However, similar to the Asian and European countries, the market experienced a strong rebound in the adjacent months.
The demand for the commodity in both domestic and overseas markets outpaced production volumes, eventually leading to an incline in the pricing trajectory. The rise was also supported by the escalating supply chain challenges and delays in shipment arrival due to the Red Sea crisis and low water levels in the Panama Canal.
Analyst Insight
According to Procurement Resource, the price trend of Colloidal Silicon Dioxide is expected to turn upside after a strong global recovery during the first quarter of 2024. The growth of the market is estimated to stem from supply constraints and rising demand for the commodity.
Procurement Resource provides latest prices of Colloidal Silicon Dioxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Colloidal silicon dioxide is a fine, amorphous, white powder consisting of highly dispersed silicon dioxide particles suspended in a liquid. Known for its high surface area and small particle size, it exhibits excellent dispersibility and stability. These properties make it an effective anti-caking agent, thickener, and stabilizer. It is widely used in pharmaceuticals to improve powder flow, in food products to prevent clumping, and in cosmetics to enhance texture and stability. Additionally, it finds applications in coatings, adhesives, and sealants, contributing to improved mechanical properties and durability.
Report Features | Details |
Product Name | Colloidal Silicon Dioxide |
Chemical Formula | SiO2 |
Industrial Uses | Pharmaceutical Industry, Food Industry, Cosmetics, Coatings and adhesives |
Supplier Database | Fuso Chemical, Merck, Nissan Chemical, Dow Chemical Company, Evonik Industries, Sterling Chemicals |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The synthesis begins with the preparation of a silicon precursor mixture using sodium silicate and water. This mixture is then reacted with nitric acid that breaks the gel into small particles giving the colloidal silicon dioxide solution.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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