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
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.
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.
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.
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.
Polyisobutylene is produced using isobutylene as monomer and has high resistance to moisture, chemicals, and UV light. Due to its excellent properties, it is employed in various industrial applications. The polymer also has high thermal stability, low permeability of gas and good electrical insulation. These properties are then well exploited in the automotive, adhesives, sealants, and cosmetics industries.
|Industrial Uses||Tire industry, Cosmetics, Electronics, Food packaging, Fuel and lubricant additives|
|Supplier Database||BASF SE, Daelim Co Ltd, TPC Group, INEOS, Kothari Petrochemicals, Braskem, ENEOS Corporation, Zhejiang Shunda New Material 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.
The polymerization of isobutylene monomer occurs in the presence of a catalyst at a specific temperature and pressure via cationic polymerization pathway to give polyisobutylene polymer as the final product.
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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