For the Quarter Ending June 2023
North America
The Neoprene Rubber prices showcased mixed market momentum during the 2nd quarter of the year. In April, the Neoprene Rubber prices plunged drastically, only to make a recovery in May, followed by a consistent rise in June. The market sentiment of Neoprene Rubber improved in the second half of the quarter on the back of an uptick in sales in the automotive industry. Concerns remained high about whether rising interest rates would significantly reduce spending, but recent indicators suggested that consumers were comfortable enough to spend large purchases. The automotive industries faced acute shortages of semiconductors earlier this year amid concerns about availability, which impeded mass assembly until the latter part of the year when the situation stabilized. A combination of better supply and rising consumer appetite supported strong growth going into the next fiscal year. External factors, such as the collapse of two major financial institutions at the end of Q1, hurt the economy in Q2. However, a temporary suspension of the nation's debt ceiling helped avert a recession. Inflation levels measured by the consumer price index (CPI) in the USA increased by only 0.1% last month after a significant increase in April of 0.4%.
APAC
Asia-Pacific Region Neoprene Rubber prices increased steadily throughout Q2 2023. The prices rose consistently during the quarter and made the most improvements towards the end of the quarter. In April, Neoprene rubber costs increased due to strong downstream demand. During the month, the demand for tires increased, which led to an increase in the demand for Neoprene Rubber. Likewise, In May, the use of Neoprene Rubber increased significantly due to the increase in demand from the pharmaceutical and automotive sectors. The significant increase in the growth of these sectors led to a rise in the requirement for Neoprene Rubber, resulting in its increased market price. In June, Neoprene Rubber prices in Japan increased significantly due to an increase in demand from both domestic and international markets. Domestic Neoprene sales in Japan increased by 19.8% in June compared to June of the previous year. As import orders increased from Asian countries such as South Korea, India, etc., the procurement of Neoprene Rubber surged further, eventually causing an increment in its market value.
Get Real Time Prices: Neoprene Rubber Prices
Europe
During Q2 2023, Neoprene Rubber's price decreased consistently in the European market. In April, the European market prices decreased despite the positive market sentiments of the downstream automobile industry. The decrease in prices was due to the replacement tire market's poor performance, which resulted in fewer purchases of the material. In May, the European market price decreased again. The decrease in input costs combined with decreasing energy prices led to a significant decrease in the production cost of the material, resulting in a decrease in the market value of the material. Furthermore, in May, the new order inflows decreased significantly, the most significant decrease in the last six months, and the Eurozone exports decreased significantly. All these factors contributed to the decrease in the prices of the material. In June, the European market experienced weak demand for neoprene rubber, despite the positive market momentum of the downstream automotive industry due to the surplus availability of inventories.
About Us:
ChemAnalyst is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
Contact Us:
ChemAnalyst
420 Lexington Avenue, Suite 300,
New York, NY, United States, 10170
Call +1 3322586602
Email: [email protected]
Website: https://www.chemanalyst.com
7th September, 2018 - Neoprene Rubber Market is a category of artificial rubbers that are manufactured by the polymerization of chloroprene.
Chemically, it displays outstanding steadiness and preserves suppleness above an extensive variety of temperature.
It is broadly utilized in laptop sleeves.
Liquid and sheet applied elastomeric films or flashings, orthopedic supports, electrical lining, and automobile fan belts.
Accrediting to the growing acceptance of justifiable know-how in manufacture internationally, the neoprene rubber market is expected to develop at a meaningfully greater CAGR in the course of the prediction period.
Moreover, new-fangled expertise and discoveries in neoprene rubber will nurture progress in the international market.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/neoprene-rubber-market/request-sampleThe Global Neoprene Rubber Market can be divided on the source of Type of Product, like Neoprene Rubber Pad, Neoprene Rubber Sheet and others.
Neoprene Rubber market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Neoprene Rubber market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Neoprene Rubber market is segmented into:Neoprene Rubber PadNeoprene Rubber SheetOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60624/global-japan-neoprene-rubber-2026-484Segment by Application, the Neoprene Rubber market is segmented into:AutomotiveWire & CablesElectronicsConstructionAerospaceRegional and Country-level Analysis:The Neoprene Rubber market is analysed and market size information is provided by regions (countries).The key regions covered in the Neoprene Rubber market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Neoprene Rubber Market Share Analysis:Neoprene Rubber market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
