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Synthetic Rubber Price Trend

Procurement Resource provides latest prices of Synthetic 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.

Synthetic Rubber Regional Price Trend

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

Synthetic Rubber Trend for the First Half of 2022


Asia

The synthetic rubber prices surged throughout the Asian market as the prices of crude oil reached a new maximum. The petrochemical industry was deeply impacted by the trade restrictions, lack of raw materials and port congestions. The resurgence of covid-19 in powerhouse China led to a series of lockdowns causing the factories to halt production. The strong market sentiments provided the needed demand side support hence, the prices of synthetic rubber soared throughout Asia.

However, with the high-cost inflation and cautious buying activity of traders, the synthetic prices started to stabilize. The rubber prices started to decline due to demand destruction owing to contractionary monetary policies by banks the world over and the looming threat of a global recession. The price of Styrene Butadiene Rubber averaged 172410 INR/MT in the Indian market while that of neoprene-Guangdong CR121 averaged 43250 RMB/MT.

Europe

The synthetic rubber pricing patterns held steady during the time period mentioned. The manufacturers increased their prices to protect their profitability as a result of the elevated costs of raw materials, power, and crude oil. The strong demand from the packaging, automotive, and pharmaceutical industries further supported these increased quotes. During the specified period, the price of Styrene Butadiene Rubber averaged 3420 USD/MT chloroprene rubber prices increased by 7.3%.

North America

The higher prices of synthetic rubber throughout the US domestic market were supported by trade restrictions along with labour shortages, commodity inflation, and surging market attitudes. While the price of SBR ranged between 3750 and 3940 USD/MT while that of chloroprene rubber recorded a hike of 4.5% ( approx.).

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About:

Synthetic Rubber is an artificial elastomer made by the polymerization of petroleum byproducts. It is superior to natural rubber in terms of thermal stability and strong resistance to oil and oxidizing agents. The rubber industry worldwide is looking to other methods of preparing synthetic rubbers rather than petroleum byproducts to reduce the carbon footprint and increase sustainability. Some common types of synthetic rubbers are SBR, silicone, neoprene, etc.

Product Details:

Report Features Details
Product Name Synthetic Rubber
HS CODE 40021990
CAS Number 64706-29-2
Industrial Uses Automotive Parts, Adhesives, Lubricants, Sporting Goods, Footwear
Supplier Database Sinopec, DuPont, The Dow Chemical Company, ExxonMobil, Kumho Petrochemical Company 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


Production Process

  • Production of Synthetic Rubber from Raw Sugar; from Glucose; from Isoprene

The process using glucose involves fermentation of a 70% w/w glucose solution to produce isoprene. This reaction intermediate undergoes solution-step polymerization to obtain Polyisoprene.

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.

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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Synthetic Rubber Production Cost Report: Operating Costs, Logistics, Utilities, Manufacturing Process, and Raw Material Requirements See more

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