Silicone Rubber Prices and Forecast Data | IMARC Group
Silicone Rubber Prices Last Quarter:
· United States: $1576 MT
· China: $800 MT
· Saudi Arabia: $1405 MT
The latest report by IMARC Group, titled “Silicone Rubber Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Silicone Rubber Price Trend. This report delves into the price of Silicone Rubber globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this Prices report an invaluable resource for industry stakeholders.
Report Offering:
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The study delves into the factors affecting Silicone Rubber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the industry, equipping stakeholders with the latest information on Industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/silicone-rubber-pricing-report/requestsample
Key Highlights About the Silicone Rubber Price Trend in Different Region:
Price in United States
In the USA, the silicone rubber industry witnessed an upward trend amidst sectoral shifts in the first quarter of 2024. The automotive sector displayed resilience, evidenced by a steady increase in month-on-month growth despite a 2.83% decline in quarterly sales, totaling 3,797,420 units. The price of silicon metal, a crucial feedstock, increased notably, contributing to the overall price increase of silicone rubber.
Conversely, the aerospace sector faced significant challenges, notably with Boeing’s decision to limit 737 productions due to heightened regulatory scrutiny and safety concerns. The decline in Boeing’s 737 MAX jetliner production adversely affected the aerospace industry, exacerbated by the Federal Aviation Administration’s production cap and ongoing safety issues. The industry experienced an increment due to steady demand from the automotive and other manufacturing sectors, highlighting the industry’s resilience amidst sectoral challenges in aerospace.
Additionally, support from overseas industry's like Mexico, Brazil, and Canada further bolstered the positive trend of Silicone Rubber.
Prices in APAC Region:
The silicone rubber industry witnessed an upward phase in the first quarter of 2024. The price of silicon metal, a major feedstock, increased during this period. The overall industry situation was positive, with adequate supply in the downstream industry.
The Indian industry notably outperformed during this period, indicating regional disparities in demand dynamics. The automobile industry in India manufactured a total of 1,187,081 units, marking robust sales. The Chinese industry also witnessed positive economic activities after the Lunar New Year holidays, counterbalancing the decline in demand during the holiday season. A total of 6,717,000 units of automobiles were sold in China this quarter, though this was lower compared to the previous quarter. Japan replicated the overall positive scenario in the Asian industry, being a major exporter of Silicone Rubber.
Prices In the European
the price of silicone rubber faced challenges in the first quarter of 2024. Despite a notable decline from the previous quarter, suppliers managed inventory levels with respect to demand from core sectors, mitigating significant impacts on the price trend. The downstream automobile industry demonstrated resilience with 694,825 units sold, marking only a 1.66% decline from the previous quarter. This steady demand for automobiles underscored the industry’s stability.
In the aerospace sector, Airbus delivered a total of 142 aircraft to 45 customers, contrasting with the safety issues faced by Boeing in the USA. This situation positively impacted the European aircraft maker Airbus, thereby influencing the demand for various commodities, including silicone rubber, in the European industry.
Regional Price Analysis:
· Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
· Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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