North America
In Q4 2024, the U.S. Potassium Silicate market faced a sharp downturn, primarily driven by weak domestic demand and a struggling construction sector. The challenging economic landscape—characterized by rising interest rates, declining commercial property values, and tight lending conditions—further pressured market performance.
Although the residential construction sector showed signs of recovery, persistent challenges such as labor shortages, high material costs, and limited land availability hindered growth. Geopolitical uncertainties, including the U.S. Presidential Election and potential tariff policies, further dampened market sentiment. Additionally, logistical disruptions, including port congestion and labor unrest, exacerbated supply chain issues. With ample Potassium Silicate supply and sluggish demand from key industries such as construction, ceramics, and glass, prices faced significant downward pressure.
By December, seasonal slowdowns and continued weakness in the construction sector further softened demand, leading to a substantial decline in Potassium Silicate prices. Overall, the market struggled to recover, weighed down by weak demand and persistent logistical challenges.
Get Real time Prices for Potassium Silicate: https://www.chemanalyst.com/Pricing-data/potassium-silicate-1305
APAC
During Q4 2024, Potassium Silicate prices in the APAC region followed a downward trend for most of the quarter before rebounding slightly in December. In October and November, prices remained stable, reflecting a balanced supply-demand dynamic despite headwinds such as slow construction growth, subdued export orders, and high energy costs. Seasonal factors, including reduced cement industry activity and cautious investment amid economic uncertainties, kept demand moderate. However, stable domestic consumption and manageable inventory levels helped maintain price stability.
In December, prices edged higher as construction activity picked up ahead of the Chinese New Year, supported by strong domestic demand. While global demand remained subdued, resilient local markets and optimistic trade policy expectations contributed to the slight recovery. However, logistical challenges, port congestion, and inflationary pressures continued to pose difficulties. By the end of the quarter, Potassium Silicate prices had risen by 2% compared to the previous quarter, with the Glass Grade CFR Busan (South Korea) closing at USD 848/MT. Despite a relatively stable quarter, ongoing export demand weakness and seasonal slowdowns signaled cautious optimism heading into early 2025.
Europe
The European Potassium Silicate market saw a sharp price decline in Q4 2024, driven by weak demand from key industries such as construction, ceramics, and paints. Geopolitical tensions, supply chain disruptions, and port congestion further strained the market, while high interest rates, rising energy and labor costs, and reduced investment in new projects compounded the challenges.
Despite ample supply, supported by steady imports and efficient port operations, consumer sentiment remained low, keeping market activity subdued. Inflation in the Eurozone, which climbed to 2.4% in December, added to economic uncertainty, further restraining consumption. Poland, a key market in the region, experienced the steepest price declines as prolonged economic difficulties and weak activity across residential, commercial, and civil engineering projects continued to weigh on demand.
By the end of the quarter, European Potassium Silicate prices had fallen by 8% compared to the previous quarter, with the Glass Grade FD Darlowo (Poland) quoted at USD 1093/MT. The combination of sluggish demand, economic uncertainty, and logistical bottlenecks underscored the fragile market conditions, leaving participants navigating a challenging environment marked by cautious investment and declining consumption.
Get Real time Prices for Potassium Silicate: https://www.chemanalyst.com/Pricing-data/potassium-silicate-1305
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