In Asia, the price trend of sodium tetraborate declined in Q1 2023 due to reduced demand from the construction industry and an abundant supply, negatively affecting its market dynamics. Although there was a slight price increase in the second quarter’s initial month, it couldn’t be sustained. Falling end-user industry dynamics, decreased inquiries, and rising stockpiles further pushed prices downwards. In Europe, Q1 saw fluctuating prices, supported by building and detergent industry inquiries and controlled inventory levels. Similar trends continued in Q2, with declining demand and manufacturing pressures. In North America, Q1 experienced stabilization and Q2 decline due to varying industrial activities impacting construction, agriculture, and related sectors.
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Sodium tetraborate, also known as borax, possesses several properties. It is a white crystalline powder with high solubility in water. It exhibits alkaline pH and acts as a buffer. Sodium tetraborate has diverse industrial applications due to its ability to form complex ions with metals, acting as a flux and aiding in metallurgical processes. It also acts as a fire retardant and is used as a cleaning agent. Additionally, its unique properties make it suitable for applications in detergents, cosmetics, and as a component in various chemical reactions.
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium Tetraborate 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 Sodium Tetraborate Price Trends, including India Sodium Tetraborate price, USA Sodium Tetraborate 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.
In the detergent and cleaning industry, sodium tetraborate acts as a water softener and stain remover. Its fire-retardant properties make it valuable in flame-resistant coatings and textiles. In metallurgy, sodium tetraborate serves as a flux in welding and soldering applications. It plays a role in glass and ceramic manufacturing as a flux, enhancing melting and reducing viscosity. Moreover, sodium tetraborate is used in agriculture as a micronutrient fertilizer and pH buffer. Its applications extend to cosmetics, pharmaceuticals, and water treatment, showcasing its significance across diverse industrial sectors.
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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