During the first quarter of 2023, the Calcium Silicate Price Index in Asia exhibited an upward trajectory, driven by heightened manufacturing activity in China and a surge in both domestic and overseas orders. However, the second quarter witnessed a downturn marked by decreased procurement rates and stagnant trading activities across the Asia Pacific region. In Europe, the Index experienced consecutive declines over both quarters, influenced by factors such as heightened inflation, interest rates, and overall living costs, which dampened consumer demand. The second quarter in Europe was particularly challenging, characterized by diminishing demand and escalating inventories. In North America, sluggishness in the construction and manufacturing sectors, coupled with low demand and rising interest rates, led to a significant decline in the Index. This decline was 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 Price chart, 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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