Butyl Rubber Prices, Demand, News, Forecast and Historical Data

 

Butyl Rubber Price in USA

• United States: 2045 USD/MT

In the United States, during Q4 2023, the prices and demand for butyl rubber were influenced by challenges in the automotive sector due to the United Auto Workers (UAW) strike, causing disruptions in supply chains.

The latest report by IMARC Group, titled "Butyl Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of butyl rubber prices. This report delves into 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 market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Butyl Rubber Prices Analysis:

• United States: 2045 USD/MT
• Singapore: 2115 USD/MT (MV 32-51)
• Russia: 1795 USD/MT (MV 32-51)

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The study delves into the factors affecting butyl 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 market, equipping stakeholders with the latest information on market 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/butyl-rubber-pricing-report/requestsample

Butyl Rubber Price Trend- Last Quarter

The automotive industry utilizes butyl rubber, particularly in the manufacturing of tire inner liners. These liners are essential for maintaining tire pressure and enhancing fuel efficiency. The increasing production of vehicles and the need for high-performance tires are supporting the growth of the market. Furthermore, the shift towards electric vehicles (EVs) is driving the demand, as EVs require specialized tires that can support their unique performance characteristics. Tire technology has seen considerable advancements, with a focus on improving fuel efficiency, durability, and safety. Butyl rubber plays a crucial role in these advancements due to its superior air retention properties, resistance to heat, and durability. Manufacturers are increasingly incorporating butyl rubber in tire construction to meet stringent performance and regulatory requirements. This trend is not only driving the demand for butyl rubber but also encouraging innovation within the industry. Companies are investing in research and development (R&D) to enhance the properties of butyl rubber, making it more suitable for advanced tire applications.

Butyl Rubber Industry Analysis

The prices of butyl rubber in North America faced several challenges during the fourth quarter of 2023. Firstly, the USA automotive sector experienced a decline in sales due to a strike by the United Auto Workers (UAW) union against major automakers. This strike disrupted the supply chain and led to concerns about potential disruptions in the production of cars, impacting the need for butyl rubber. Moreover, the European construction industry witnessed a slowdown, causing a decrease in import orders for butyl rubber from the USA. This decline in the need further affected the market dynamics. The global crude oil prices increased due to production cuts implemented by OPEC+ countries, leading to higher production costs for butyl rubber.

In the Asia Pacific region, the prices of butyl rubber are characterized by several factors during the fourth quarter of 2023. Firstly, there was a low supply of butyl rubber. However, the need for butyl rubber was high. The automotive sector showed a certain amount of growth. Therefore, overall, consumer sentiment in the region remained firm. As a result, the market scenario was bullish, and prices experienced a slight increase. In Singapore, the prices of butyl rubber experienced major changes, and the need for the product remained weak in the domestic market despite the ongoing growth in the automotive sector. However, the lackluster performance of the construction sector contributed to the overall weak demand.

In Russia, the prices of butyl rubber increased during the fourth quarter of 2023. There was a sustained need for butyl rubber in the market due to the increase in inquiries from the European sector. Furthermore, in December 2023, due to the rise in the tension between Ukraine and Russia, a disturbance in the supply and demand equilibrium occurred, which caused an increase in the prices of the commodity. Furthermore, there is a rise in demand for butyl rubber from the downstream automotive sector and insufficient inventory levels.

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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