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In the first quarter of 2023, calcium silicate prices in Asia experienced an upward trend due to increased manufacturing activity in China and a surge in domestic and overseas orders. However, the second quarter saw a bearish tone with lower procurement rates and stagnant trading activities in the Asia Pacific region. In Europe, prices declined continuously over both quarters, influenced by heightened inflation, interest rates, and overall living costs, dampening consumer demand. The second quarter faced the challenges of falling demand and escalating inventories. North America grappled with sluggish construction and manufacturing sectors, low demand, and rising interest rates, leading to a notable price decline exacerbated by international market inquiries and the failure of two major US banks in 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 Price forecast, 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, valued for its remarkable properties, is widely utilized in diverse industrial applications. In the construction sector, it serves as an efficient insulating material, finding application in high-temperature environments due to its excellent thermal resistance. The compound is integral to the production of fireproof boards and panels, enhancing structural safety. As an insulator for pipes and industrial equipment, calcium silicate helps conserve energy. It acts as a mold release agent in foundries, aids in fire door and partition construction, and contributes to the strength and durability of cement and concrete formulations. Its versatility makes calcium silicate indispensable in various industries, from building materials to manufacturing.
Key Players:
- American Elements
- Spectrum Chemical Manufacturing
- Associated Ceramics and Technology
- Promat International NV
- Shandong Lutai Building Material Science
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
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