Silicon Dioxide Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Silicon Dioxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Silicon Dioxide Price Trend for the Year 2024
Asia
In Asia, Silicon Dioxide prices followed a downward trajectory throughout most of 2024. The Chinese market, which dominated regional supply, experienced persistent oversupply issues due to high production rates and modest demand from downstream industries.
Silicon Dioxide Price Chart
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While the first quarter showed some stability, prices declined steadily from the second quarter onwards as manufacturers in key production hubs struggled with inventory management. Southeast Asian buyers remained cautious, adopting a wait-and-see approach that further dampened market sentiment.
Europe
European Silicon Dioxide markets witnessed significant volatility in 2024. The first half of the year saw price increases driven by supply chain disruptions, particularly due to Red Sea shipping concerns. Energy costs remained a critical factor influencing production decisions, especially among key manufacturers in Germany and Norway. However, the second half of 2024 brought price corrections as import volumes from Asia increased and downstream demand softened, particularly from the construction and automotive sectors.
North America
North American Silicon Dioxide markets demonstrated relative stability compared to other regions in 2024. The market benefited from consistent domestic demand, particularly from the semiconductor and solar industries. While the first quarter saw some price increases due to global supply chain disruptions, the market stabilized in the latter half of the year. Domestic producers maintained steady output levels, though they faced increasing pressure from competitively priced imports, especially during the fourth quarter.
Analyst Insight
According to Procurement Resource, the Silicon Dioxide market is expected to remain under pressure in early 2025, with potential recovery signs emerging from growing demand in renewable energy and electronics sectors. Supply-side adjustments and evolving energy costs will likely play crucial roles in determining price trends.
Silicon Dioxide Price Trend for the Second Half of 2023
Asia
The Silicon Dioxide market in Asia demonstrated significant volatility during the second half of 2023. The third quarter began with stable pricing due to consistent demand from the semiconductor and optical fibre industries. However, as manufacturing activities in China slowed down during the late summer months, coupled with increased production rates, the market experienced downward pressure. The situation was further complicated by reduced construction activities during the monsoon season in Southeast Asia, which affected the demand from the concrete and construction sectors.
Europe
European Silicon Dioxide markets faced challenging conditions throughout H2’23. The third quarter witnessed a gradual decline in prices as energy costs moderated and industrial demand remained subdued. The construction sector's seasonal slowdown during the summer months further weakened the market position. However, the fourth quarter showed signs of stabilization, primarily supported by steady demand from the glass manufacturing industry and moderate improvements in the region's construction activities. The market also benefited from reduced imports from Asia, which helped maintain price levels.
North America
The North American Silicon Dioxide market experienced a mixed performance during the second half of 2023. The third quarter started with firm pricing supported by steady demand from the electronics and solar panel manufacturing sectors. However, market dynamics shifted by mid-quarter as increased domestic production and softening demand from the construction industry created oversupply conditions. The fourth quarter saw some recovery in pricing as manufacturers adjusted their production rates and demand from the semiconductor industry showed improvement.
Analyst Insight
According to Procurement Resource, Silicon Dioxide prices will likely stabilize in the coming quarters, influenced by recovering construction activities and steady demand from the electronics sector.
Silicon Dioxide Price Trend for First Half of 2023
Asia
In the Asia-Pacific region, the first quarter witnessed a surge in Silicon dioxide prices due to consistent demand and increased sales in the pharmaceutical sector. Additionally, factors such as the spring festival and geopolitical tensions between Russia and Ukraine contributed positively to the price trend. However, the second quarter saw a sharp decline as economic indicators signaled reduced purchasing activities. Manufacturing industries contracted, leading to a downturn in Silicon dioxide prices.
Europe
In Europe, the first quarter of 2023 saw a steep increase in Silicon dioxide prices, driven by high input costs and rising inflation rates. In contrast, the second quarter experienced a decline in prices due to reduced demand in the consumer sector.
In addition to this, the central bank had to raise its interest rates in order to keep the economy afloat, but this had an adverse effect on the consumer sector. Further, the influx of cheap imports and rising levels of inventories also pushed the price trend of silicon dioxide in the negative direction.
North America
The rising raw material costs and strong domestic demand led to an upturn in Silicon dioxide prices in the first quarter. However, the second quarter failed to maintain this positive momentum, resulting in a decline in prices. Both domestic and international industries experienced a downturn in supply and demand, influenced by global economic challenges affecting energy costs and oil prices, further contributing to the decline in the Silicon dioxide price trend.
Analyst Insight
According to Procurement Resource, the price trend of Silicon dioxide will trace a declining trajectory as the demand from the end-user sectors and the performance of the feedstock materials seems weak.
Procurement Resource provides latest prices of 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.
Silicon dioxide naturally occurs in the form of quartz and has a high melting point and is heat resistant. It has the ability to react with both acids and bases and thus is amphoteric in nature. It plays a significant role in the manufacturing of glass, ceramics, and semiconductors. Along with this, silicon dioxide is almost insoluble in water and most of the organic solvents and thus possess high stability and resistance to dissolution.
Report Features | Details |
Product Name | Silicon dioxide |
Chemical formula | SiO2 |
Industrial Uses | Food and beverage industries, Pharmaceutical industry, Cleaning products, Water treatment, Textile industry |
CAS Number | 7631-86-9 |
Molecular weight | 60.08 g/mol |
HS Code | 28112200 |
Synonyms | Silica, Quartz, Silicic oxide |
Supplier Database | Evonik Industries AG, PPG Industries Inc, Cabot Corporation, Solvay, American Elements, Wacker Chemie AG, Tokuyama Corporation, Tosoh Corporation |
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.
Quartz is extracted from underground mines and is then sorted and washed. It is then crushed in accordance with its industrial uses. To obtain high quality silicon dioxide or quartz, it can be subjected to froth flotation and chemical leaching processes.
The process of producing silicon dioxide involves acidifying sodium silicate with sulfuric acid. The end result is silicon dioxide, sodium sulphate, and water.
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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