Polyisobutylene Price Trend and Forecast

Regional Price Trend

Get the latest insights on price movement and trend analysis of Polyisobutylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polyisobutylene Price Trend for the First Half of 2023

Asia

Polyisobutylene prices in the first quarter of 2023 were negatively impacted by the ample availability of the product in the Asia-Pacific market and the slow movement of the automotive and related sectors. The influx of cheap imports and falling market dynamics also aided the fall in prices in the initial phase. The later phase of the first quarter was much more favorable for the growth of polyisobutylene prices as the economy returned to its recovery phase, and there was some positive demand outlook observed in the automotive sector.

The cost of feedstock materials and export rates also supported the rising prices. But in the first month of the second quarter, the trend declined as the number of inquiries slid. The rest of the quarter fell in the footsteps of the later phase of the first quarter as support from the inclining global economy and increased sales in the automotive industries pushed the prices into an inclining trajectory.

Europe

The first quarter of 2023 proved to be favorable for the price trend of Polyisobutylene as the purchasing appetite of buyers improved. The increased rates of consumption and high cost of feedstock materials also supported the polyisobutylene market. In the second quarter, the market witnessed a dramatic decline.

This fall in the trend was attributed to the high rates of inflation, hike in interest rates, and increasing cost pressure from the feedstock market. In addition, the rise in natural gas prices, falling consumption rates, and an overall low appetite of buyers caused the price trend of Polyisobutylene to fall.

North America

The demand dynamics of Polyisobutylene in the first quarter improved, and with a rise in the purchasing capacity of buyers, the price trend of Polyisobutylene rose. But the second quarter did not follow this trend as the feedstock market remained weak throughout the second quarter. The rise in the level of inventories, strict monetary policies adopted by the government, and weakening of economic conditions eventually led to the fall in the prices of Polyisobutylene.

Analyst Insight

According to Procurement Resource, the price trend of Polyisobutylene is estimated to follow a mixed trend. The prices of Polyisobutylene will be majorly affected by the demand from the end-user industries and global economic conditions.

Procurement Resource provides latest prices of Polyisobutylene. 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.