Sodium Tetraborate Price Trend, News, Index, Historical Prices & Growth
Sodium Tetraborate Price In USA
- United States: 713 USD/MT
The price of sodium tetraborate in the United States for Q4 2023 reached 713 USD/MT in December.
The latest report by IMARC Group, titled "Sodium Tetraborate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Sodium Tetraborate Price Trend. This report delves into the Price of Sodium Tetraborate globally, presenting a detailed analysis, along with informative Sodium Tetraborate price chart. Through comprehensive Sodium Tetraborate price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Sodium Tetraborate demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Sodium Tetraborate Prices December 2023:
- United States: 713 USD/MT
- China: 695 USD/MT
- Germany: 885 USD/MT
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The study delves into the factors affecting Sodium Tetraborate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Sodium Tetraborate Price Trend- Q4 2023
Sodium tetraborate, commonly known as borax, is experiencing market growth driven by diverse applications across multiple industries. Its role as a multifunctional compound, utilized in manufacturing glass and ceramics, detergents, and as a flame retardant, significantly contributes to its demand. In the glass and ceramics sector, sodium tetraborate reduces the melting temperature of glass and increases its durability and resistance to chemical attack, making it indispensable in both household and technical-grade ceramics and fiberglass production. The compound's use in the detergent industry as an enzyme stabilizer and water-softening agent bolsters its market position. As environmental regulations tighten, borax is increasingly preferred for its low toxicity compared to phosphate-based detergents, aligning with global shifts towards eco-friendly cleaning products. This regulatory landscape encourages manufacturers to reformulate products to include safer, sustainable chemicals, further driving borax demand. Additionally, the agriculture sector contributes to sodium tetraborate's growth through its use as a micronutrient in fertilizers. Essential for plant growth, borax is integrated into fertilizers to correct boron deficiencies in soil, supporting crop yields and quality. This application is particularly significant in regions with boron-deficient soils, amplifying global demand. Moreover, advancements in boron research, exploring new uses in areas such as energy storage and pharmaceuticals, promise potential market expansion. These diverse applications and the increasing emphasis on sustainable industrial practices underscore the ongoing growth and importance of sodium tetraborate in the global chemical market.
Sodium Tetraborate Market Analysis
The global sodium tetraborate market size reached 1656.6 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 2537.1 Thousand Tonnes, at a projected CAGR of 4.90% during 2023-2032. In the last quarter of 2023, the Sodium Tetraborate market demonstrated dynamic shifts influenced by various regional and global factors. In North America, the market experienced an upswing in demand from key downstream industries such as glass and ceramics manufacturing. This surge in demand was met with escalating feedstock prices, which pressured manufacturers to adjust their profit margins and subsequently raise product prices. Additionally, logistical challenges compounded these market dynamics; security concerns due to Houthi Rebel attacks near the Red Sea prompted shipping companies to divert their routes. This diversion led to longer transit times around the Cape of Good Hope, increasing shipping costs significantly and impacting the overall supply chain efficiency. Such increases in operational costs were inevitably passed down to the consumer, keeping Sodium Tetraborate prices elevated in this region despite improved delivery consistency later in the quarter. These factors created a complex interplay between supply chain disruptions and rising demand, which both supported higher market prices and introduced uncertainties in supply stability.
Key Points Covered in the Sodium Tetraborate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Sodium Tetraborate Forecast
- Sodium Tetraborate Price Trend
- Sodium Tetraborate Demand & Supply
- Sodium Tetraborate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sodium Tetraborate Price Analysis
- Sodium Tetraborate Industry Drivers, Restraints, and Opportunities
- Sodium Tetraborate News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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