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For the Quarter Ending June 2023
North America
For the Quarter ending June 2023, Ethylene Acrylic Elastomer (AEM) prices showed a consistent increase in the USA market, driven by the strong market performance of the automotive industry. Concerns about the impact of rising interest rates on consumer spending remained high, but recent data suggests that consumers were comfortable spending large sums of money. The automotive industry faced acute semiconductor shortages in the first half of the year amid supply concerns that delayed mass assembly until the situation stabilized in the second half of the year. The combination of better supply and rising consumer demand led to strong growth into the second fiscal quarter. External factors such as the bankruptcy of two large financial institutions in the last quarter of the year had a negative effect on the second quarter of the year, but a temporary suspension of the national debt ceiling prevented a recession. The consumer price index in the United States increased by 0.1% in May after a significant rise in April. Consequently, the assessed price of Ethylene Acrylic Elastomer (AEM) MV 16.5-18.5 was USD 14100/MT FOB USGC in June.
APAC
Ethylene acrylic elastomer prices were initially stagnant in Asian markets but started to rise in the second half of Q2 2023. Ethylene Acrylic Elastomer (AEM) prices have continued their upward trend in recent months amid the ever-increasing demands of the downstream automotive industry in the Indian market. Additionally, dealers were being manipulated to raise prices even higher as inventories in the region dwindled due to rising consumer spending rates. In addition, as the region's Purchasing Managers Index (PMI) continues to rise and the demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) continues to grow, foreign investors are expected to enter the market to strengthen the auto industry further of investments are attracted to the region. In the Indian market, ethylene acrylic elastomer (AEM) prices rose in June, supported by expensive imports, and increased downstream demand. India, an import-driven market, relies on US exports to meet the demand for AEM, and as its AEM prices in the US market soared, Indian suppliers sourced their products at higher prices. According to the Federation of Automobile Dealers Associations (FADA), Indian auto retail sales rose 10% in June compared to the same month last year. As the Indian automotive industry performed well in the market, the consumption of AEMs increased, which ultimately led to increased demand. Hence, the assessed price of Ethylene Acrylic Elastomer (AEM) MV 16.5-18.5 was USD 15246.26/MT CFR JNPT in India in June 2023.
Get Real Time Prices: Ethylene Acrylic Elastomer (AEM) Prices
Europe
Like the Asia-Pacific region, European market Ethylene Acrylic Elastomer (AEM) prices were initially stagnant but started to rise in the second half of Q2-2023. Prices of ethylene acrylic elastomer (AEM) in the German market remained largely stable in April on the back of constant import costs. The German ethylene acrylic elastomer market is an import-driven market and relies on US imports to meet AEM requirements. AEM's price in the US market was stable, so they procured it in Germany at a similar price. Ethylene Acrylic Elastomer (AEM) prices rose significantly in the German market in May, supported by expensive imports and increased demand in the domestic market. Moreover, the German auto industry rebounded strongly in May, with sales up 19.2% year-on-year. With the increase in German automotive industry sales and industrial production, the consumption of AEM improved, and its market value increased significantly. According to the Federal Transport Administration (KBA), the number of new passenger car registrations increased by 24.8% year-on-year. As the German automotive industry performed well in the market, AEM consumption increased, which ultimately led to increased demand. Hence, the assessed price of Ethylene Acrylic Elastomer (AEM) MV 16.5-18.5 was USD 15064/MT CFR Hamburg in June.
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Ethylene Acrylic Acid Copolymer market is segmented by region (country), players, by Type, and by Application.
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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 Ethylene Acrylic Acid Copolymer market is segmented into:Higher Melt IndexLower Melt IndexDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61312/global-japan-ethylene-acrylic-acid-copolymer-2026-591Segment by Application, the Ethylene Acrylic Acid Copolymer market is segmented into:InksAdhesivesBarrier CoatingOtherRegional and Country-level Analysis:The Ethylene Acrylic Acid Copolymer market is analysed and market size information is provided by regions (countries).The key regions covered in the Ethylene Acrylic Acid Copolymer market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
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The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The statistical surveying report on the global Ethylene Acrylic Acid Adhesive Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.Ethylene acrylic acid adhesive is the copolymer of ethylene and acrylic acid.
Ethylene Acrylic Acid (EAA) copolymers provide a unique combination of properties that take advantage of respective comonomers (E and AA), used in their preparation.
The presence of AA reduces the crystallinity of E segments.
