Get the latest insights on price movement and trend analysis of Fluoroelastomer in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Fluoroelastomer Price Trend for the First Half of 2023
A gradual incline in the price trend of Fluoroelastomer was seen in the first quarter of 2023. The movement was supported by the rise in the number of orders from the automotive industries, especially in the month of February. However, the trend slumped in the second quarter, with only a slight incline in the month of May.
The northward trajectory of the price trend of Fluoroelastomer was put to an end in the second quarter by the excess availability of the product and an increase in the competitive spirit of the market. The region also struggled to maintain a balance in its supply and demand dynamics. In May, the Fluoroelastomer market gained some support from the increase in consumption rates and strong movement of the automotive sector.
The Fluoroelastomer price trend fluctuated throughout the first two quarters of 2023. During the initial months of Q1, the trend fell but inclined in the later months of the first quarter and in the initial phase of the second quarter. The region was supported by the semiconductor market and inclining automobile output that caused the demand for Fluoroelastomer to rise significantly. However, the market dynamics slipped in the second half of Q2. The European industrial activities declined, and with rising interest rates and economic uncertainties, the price trend of Fluoroelastomer faced southwards.
The trend of Fluoroelastomer followed an inclining trajectory in the majority of the phases of the first and second quarter of 2023, but only a slight decline in the month of April was observed. The enhanced market activities of semiconductor industries supported the sales of the automotive sector and led to the rise in demand for fluoroelastomers. A slight slowdown of the market in March-April was due to the economic stress of the fall of two major US banks. These conditions raised uncertainties in the market and caused the rates of inflation and interest to rise significantly, but the demand for the product soon supported the rising trajectory of Fluoroelastomer prices.
According to Procurement Resource, the price trend of Fluoroelastomer is expected to showcase an oscillating trajectory given the improving yet erratic demands from automobile industries.
Procurement Resource provides latest prices of Fluoroelastomer. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Fluoroelastomers or fluorinated elastomers belong to the group of synthetic rubber family that has exceptional resistance to high temperatures, chemicals, and corrosive fluids. They have extensive applications in industries where resistance to harsh environments such as automotives, seals, aerospace, oil and gas equipment, and chemical processing seals. They are composed of fluorocarbon polymers, such as vinylidene fluoride and hexafluoropropylene, which impart unique properties to the elastomers.
|Industrial Uses||Electronic industry, Power generation, Automotive industry, Aerospace components, Chemical Processing|
|Supplier Database||The Chemours Company, 3M, Daikin industries, Gujarat Fluorochemicals Limited, Zhejiang Fluorine Chemical New Materials Co Ltd, Shin-Etsu Chemicals, AGC Chemical Inc, Solvay SA|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Polymerization of fluoromonomers such as TFE, VF2, etc., at specific pressure and temperature and its subsequent washing and drying gives fluoroelastomers.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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