Potassium Silicate Price Trend and Forecast

Potassium Silicate Regional Price Overview

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

Potassium Silicate Price Trend for the Q2 of 2024

Asia

Potassium silicate prices were found to be tugged throughout the said period of Q2’24. Potassium silicate is commonly used in agriculture, construction, and industrial sectors because of various applications. In agriculture, potassium silicate serves as a fertilizer and a pesticide, enhancing plant strength and resistance. In construction, it is utilized as a concrete hardener, sealant, and in the production of fire-resistant materials.
 

Potassium Silicate Price Chart

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Demands from these industries dictated the variations in potassium silicate prices. Since the demand outlook fluctuated for the most part, the price trajectory also underwent occasional aggression and regression. Along with the wavering demand pattern, a dynamic upstream outlook also influenced the potassium silicate’s price movement. Overall, mixed market sentiments were witnessed.

Europe

During the second quarter of the year 2024, the potassium silicate’s price trend was observed to be range-bound for the majority of this span. In Europe, the supply chain curtailments remained detrimental to overall regional trade dynamics. Since the war began between Russia and Ukraine three years ago, the region has been facing logistical challenges; the more recently erupted war between Israel and Hamas in the Middle East further complicated the situation. For potassium silicate, even though the manufacturing costs remained relaxed, the downstream demands, particularly from the construction sector, restricted the price growth. Overall, fluctuating market trends were observed.

North America

In the American potassium silicate market, the pricing outlook was not very different from the Asian or European potassium silicate markets. The prices were observed to be confined here as well. However, the stakeholders seemed affirmative for the market’s growth potential. The geopolitical disturbances influenced the product exchanges in the American market, particularly affecting offshore trade. Delays in the interest rate cuts maintained the price buoyancy by providing additional cost support. Conclusively, a moderate market run was witnessed.

Analyst Insight

According to Procurement Resource, the Potassium Silicate market is projecting fluctuation in the coming times; the market is expected to remain anchored.
 

Potassium Silicate Price Trend for the Q1 of 2024

Asia

In Q1 of 2024, the potassium silicate market in China faced challenges as demand from downstream industries remained subdued during the Lunar New Year holidays. The potassium silicate prices experienced a decline amid fluctuations and a downward trajectory in the market.

The slow resumption of construction activities in several regions of China, coupled with lower temperatures during the Spring Festival, further contributed to the subdued demand for potassium silicate. Despite some support from infrastructure uprise, overall market conditions depreciated in the first quarter.

However, during the end phase of the quarter, the producers of potassium silicate noticed a slow rebound in the Chinese potassium silicate market. With the conclusion of the holiday period, the market revamped its operations, leading to an optimistic outlook for the producers and traders in the next quarter of 2024.

Europe

The potassium silicate market in European countries experienced a surge in prices due to supply shortages caused by economic challenges and disruptions in the supply chain. In Europe, amid the supply constraints, the increased input costs and growing momentum of the downstream industries, raised the quotations of potassium silicate. However, Germany faced slight setbacks with accelerated declines in manufacturing output and new orders.

Further, the disruptions in Red Sea shipping affected the transport costs and raised the expenditure of manufacturers, further impacting the prices of potassium silicate. Meanwhile, the Asian downstream industries remained subdued due to the Lunar New Year holidays which negatively affected export volumes of European countries.

North America

In the first quarter of 2024, the US potassium silicate market saw a notable uptick in demand from the construction industry, driving prices sharply upwards. This surge was in line with the global trend, as construction firms in the US experienced increased activity, raising the appetite for potassium silicate. The surge in demand, combined with the traditional spring peak purchasing activities not only in domestic as well as overseas prices, propelled the price trend of potassium silicate upwards.

Despite concerns about a slowdown in manufacturing impacting supply chains, the overall economic outlook in the US also appeared. The logistical issues, such as the collapse of the road routes, the fall in the water levels of the Panama Canal, and the shutdown of the Port of Baltimore, led to delays and increased product cost of potassium silicate.

Analyst Insight

According to Procurement Resource, the price trend of Potassium Silicate is estimated to rise gradually in the forthcoming quarters as the surging prices of feedstock chemicals and improving conditions of global construction industries will fuel the uptrend in potassium silicate prices.
 

Potassium Silicate Price Trend for the October - December of 2023

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Asia

Potassium Silicate price trend are usually dependent on the prices of its feedstock materials, potassium carbonate and silica sand, and any variations in these compounds are strongly reflected in the potassium silicate price trend as well.

During the final quarter of the year 2023, the potassium silicate market was largely found to be struggling for the majority of the discussed period since the downstream demands from the construction and other consumption sectors like metal and textile, etc., wavered at the lower side in the regional markets. However, expensive infrastructure development in India aided the demand curve ahead, along with the potassium silicate prices. Overall, mixed market sentiments were observed for potassium silicate during the said time period.

Europe

Just like its Asian counterpart the European potassium silicate markets also suffered dull demands during the given period. Since the construction sector was especially struggling in the region for a long time, the potassium silicate demands also remained feeble. And because of these feeble demands the price graphs mostly oscillated at the lower side of the price curve during this time.

North America

The American potassium silicate price trend were not much different from its European counterpart since the prices tottered at the lower side here as well. The struggling downstream demands kept the potassium silicate market gasping in the American region as well.

Analyst Insight

According to Procurement Resource, the Potassium Silicate prices are anticipated to waver in a similar manner in the coming months. Since the suppliers have been cautiously managing the inventory levels, the projections seem hopeful.
 

Potassium Silicate Price Trend for the July - September of 2023

Asia

In the third quarter of 2023, the potassium silicate price trend took a bearish turn in view of poor demand. The downstream industries reduced their rates of potassium silicate procurement as they themselves struggled with the poor number of sales and slump in the Asia Pacific industrial sector.

The potassium silicate price graph also struggled with the extreme weather conditions that caused the activities in the construction, cement, and ceramic sectors to fall short. This poor appetite of the end-user sector and stable production increased the inventory levels and thus affected the potassium silicate price trend negatively.

Europe

The fall in the potassium silicate price trend in European countries was a result of a significant reduction in the purchases made by consumers. This interest of the consumers was, on the other hand, affected by the brisk fall in construction, housing, and other related sectors. This muted and gloomy approach adopted by the European market proved fatal for the overall sentiments of the potassium silicate prices, and thus, the trajectory of the potassium silicate price graph found it difficult to move northwards.

North America

The potassium silicate price trend in North America were not different from what was observed around the globe. Throughout the third quarter, the potassium silicate prices registered a noticeable decline. This was a consequence of poor demand not only from the domestic industries but also from the overseas sector. The regional dynamics of potassium silicate prices also suffered from the adverse effects of the falling economic conditions, and thus, the consumers had to adopt a cautionary approach, hurting the overall dynamics of potassium silicate price growth.

Analyst Insight

According to Procurement Resource, the price trend of Potassium Silicate are expected to follow a declining trajectory as the demand dynamics and performance of the global economy do not seem to support the potassium silicate market momentum.
 

Potassium Silicate Price Trend for the First Half of 2023

Asia

In the first and second quarters of 2023, the price trend of potassium silicate showcased a mixed trajectory. The region suffered from the rising rates of inflation that hampered the demand from the end-user industries. The fall in the prices was also supported by the increased influx of material in the market and the loss of market momentum of construction and other related industries. In addition to this, the stagnancy in global trading and declined interest of domestic and international buyers caused the prices of potassium silicate to slide.

Europe

A consistent fall in the prices of potassium silicate was observed in the first and second quarters of 2023. In the first quarter, the trade was affected by the surging inflation and interest rates along with the geopolitical stress from the ongoing Russia-Ukraine war. The second quarter also suffered from a significant decrease in the number of fresh orders and consumer spending. This quarter was estimated to have seen the greatest fall in demand and production rates which eventually led to the fall in the price trend of potassium silicate.

North America

The decline in the prices of potassium silicate in the first quarter of 2023 was only gradual as the downstream industries presented with a slow movement in the demand sector. Amid the south-facing economic conditions, the rates of inflation and interest pushed the potassium silicate market in a negative direction.

Not only in the domestic region, but the demand dynamics from the international markets also showcased a low interest in this sector, and on top of it, the failure of the banking sector hampered the price trend of potassium silicate in North America.

Analyst Insight

According to Procurement Resource, the price trend of Potassium Silicate is estimated to showcase a declining trend as the slow momentum of downstream industries and a global recession will impact the potassium silicate negatively.

Procurement Resource provides latest prices of Potassium Silicate. 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.