In the initial quarter of 2023, calcium silicate prices in Asia followed an upward trajectory, driven by increased manufacturing activity in China and a surge in both domestic and overseas orders. However, the second quarter exhibited a bearish tone characterized by diminished procurement rates and stagnant trading activities across the Asia Pacific region.
Contrastingly, in Europe, prices experienced a continuous decline throughout both quarters. This decline was attributed to heightened inflation, interest rates, and overall living costs, which in turn, subdued consumer demand. The second quarter specifically encountered challenges such as decreasing demand and escalating inventories.
North America grappled with challenges in its construction and manufacturing sectors, marked by sluggish performance, low demand, and rising interest rates. These factors contributed to a significant price decline, further exacerbated by international market inquiries and the failure of two major US banks during the second quarter.
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Definition
Calcium silicate is a compound with the chemical formula Ca2SiO4, renowned for its excellent thermal and fire-resistant properties. In solid form, it is a white, free-flowing powder or a rigid board. Its high-temperature stability makes it a preferred material for insulation in industrial applications. Additionally, calcium silicate is known for its low thermal conductivity, durability, and resistance to moisture. These properties contribute to its use in various construction materials, such as insulating boards, fireproofing, and as a component in cement formulations. The compound's versatility arises from its ability to withstand heat, provide insulation, and enhance material strength.
Key Details About the Calcium silicate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Calcium silicate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Calcium silicate Prices, including India Calcium silicate price, USA Calcium silicate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Calcium silicate Price Trend:
Calcium silicate, prized for its exceptional properties, sees extensive use across a range of industrial applications. Within the construction industry, it functions as a highly effective insulating material, particularly in high-temperature settings where its outstanding thermal resistance comes into play. Its significance extends to the manufacturing of fireproof boards and panels, bolstering structural safety. Serving as insulation for pipes and industrial machinery, calcium silicate plays a key role in energy conservation. Additionally, it acts as a release agent in foundries, facilitates the construction of fire doors and partitions, and enhances the strength and durability of cement and concrete formulations. The adaptability of calcium silicate renders it indispensable in diverse sectors, spanning from building materials to various manufacturing processes.
Key Players:
- American Elements
- Spectrum Chemical Manufacturing
- Associated Ceramics and Technology
- Promat International NV
- Shandong Lutai Building Material Science
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