Product
Neoprene Rubber Price Trend and Forecast
Neoprene Rubber Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Neoprene Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Neoprene Rubber Price Trend for the First Half of 2023
Asia
The neoprene rubber prices in the first quarter rose till February and then declined in March. This abrupt fall was due to the introduction of Tesla in the automotive sector, which caused a pricing war in the region with the local manufacturers. This led to the fall in the prices of automobiles and the de-stocking of products that negatively impacted the price trend of neoprene rubber. However, the second quarter proved to be in favor of the rise in the neoprene rubber market. Increased procurement of the product from the tires sector, high procurements from the pharmaceutical and automotive sectors, and a significant incline in industrial activities supported the surge in the price trend of neoprene rubber.
Europe
The price trend of neoprene rubber grew steadily in the first quarter of 2023, as it was supported by the rise in demand from the downstream industries. Industrial activities saw a rise in their production rates and sales as the sectors seemed to be on a recovery path after a long stretch of stagnancy. But the second quarter was not in favor of this inclining trajectory as the neoprene rubber market witnessed a gradual fall in its prices. The industrial sector lost momentum, and with the decline in energy and production costs, the price trend of neoprene rubber fell.
North America
In North America, the prices of neoprene rubber fluctuated throughout the first and second quarters of 2023. Initially, the trend rose with the recovery of the automobile sector and the enhanced influx of semiconductors in the market, but the closure of two major banks in the US caused economic stress on the industrial sector. The surge in inflation and, in turn, the interest rates and the shortage of semiconductors in the second quarter negatively impacted the prices of neoprene rubber.
Analyst Insight
According to Procurement Resource, the price trend of Neoprene Rubber is estimated to follow a mixed trajectory as the demand from the automotive sector looks uncertain amid the challenging global economic conditions.
Procurement Resource provides latest prices of Neoprene Rubber. 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.
About
Neoprene rubber has high flexibility, durability, and resistance to harsh environmental conditions. This rubber is thus widely employed in the production of wet suits, industrial sealants, automotive components, sports equipment, medical products, and other related items. Its versatility stems from its ability to maintain elasticity across a broad temperature range, making it valuable in industries requiring protective and resilient materials.
Product Details
| Report Features | Details |
| Product Name | Neoprene Rubber |
| Industrial Uses | Industrial sealants and gaskets, Laptop sleeves and cases, Wet suits and diving gear, Automotive components, Sporting goods, Medical products |
| CAS Number | 9010-98-4 |
| HS Code | 40024900 |
| Supplier Database | Denka Company Limited, Resonac Holdings Corporation, Tosoh Corporation, ARLANXEO, China National Bluestar (Group) Co Ltd |
| 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.
Production Processes
The emulsion polymerization reaction of chloroprene at specific temperature and pressure gives neoprene rubber.
Methodology
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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