Procurement Resource Evaluates the Price Trends of Precipitated Silica in its Latest Insights and Dashboard
Price Trends of Precipitated Silica in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Precipitated Silica price 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 pricing database and analysis of the Precipitated Silica can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
A crystalline form of silica is precipitated silica, sometimes referred to as precipitated SiO2. It seems to be a powdery, white material. It is created by allowing a solution containing silicate salts to precipitate. The three primary kinds of amorphous silica are pyrogenic silica, precipitated silica, and silica gel. The most significant kind of silica for the industry is precipitated silica. Similar to pyrogenic silica, precipitated silica is mostly microporous. SiO2 is its chemical formula.
Also Check Precipitated Silica Production Cost Report – https://www.procurementresource.com/production-cost-report-store/precipitated-silica
Regions Covered to Evaluate Precipitated Silica Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Precipitated Silica Price Trend:
One significant aspect that is projected to propel the precipitated silica market during the forecast period is the use of precipitated silica in the production of rubber tyres. Additionally, the rubber industry’s continual need for precipitated silica to make silicone rubber, industrial rubber, footwear, etc. is a significant driver that is anticipated to drive the precipitated silica market. Due to its versatility as a suspending agent, anti-caking agent, bulking agent, abrasive, and opacifying agent, precipitated silica is utilized in cosmetics and personal care products. Due to its capacity to absorb moisture and perspiration, it is typically used as an absorbent powder in cosmetics. Furthermore, because of its amorphous form and enhanced spreadability, precipitated silica is often utilized in compact powders, blushes, and sunscreens.
Key Market Players:
- Evonik Industries AG
- PPG Industries Inc.
- W.R. Grace & Co.
- Tosoh Silica Corporation
- Solvay SA
- Huber Engineered Materials
- Oriental Silica Corporation
News and Events:
In China, Premium domestic rubber-grade silica was selling for an average of 4,875.00 RMB/tonne as of July 29. The supply side of the silica market is normal, manufacturers are actively shipping, and the mainstream price range is 4,500–5,000 RMB/tonne. Upstream support was average, downstream purchases are made only, when necessary, the overall operating rate is typical, the negotiation climate is flat, and the price is stable in the short term. With average prices between 4,500 and 5,000 RMB per tonne, the domestic rubber-grade silica market is generally heading gradually upward. The prices of upstream producers of hydrochloric acid are momentarily constant, and the market is average, mostly due to stable operation. Contract orders are the foundation for silica. There are a finite number of new orders. The general market procurement environment is uninteresting and heavily negotiated. The market’s general supply and demand are balanced, merchants are selective in their purchases, shipments are sluggish, and inventory levels are average. The chemical index reached a cycle high of 1,107 points on July 28 (up 2 points from the day before) and increased by 85.12% from its lowest point of 598 points on April 8, 2020.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing 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 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 track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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