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Chloroprene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24257
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Chloroprene Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Chloroprene | Chemical | USA | 7,481 USD/MT |
| Chloroprene | Chemical | Japan | 7,601 USD/MT |
The price of chloroprene in the United States for Q4 2023 reached 7,481 USD/MT in December. On the other hand, in Japan, chloroprene prices reached 7,601 USD/MT in December 2023.
Chloroprene Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Chloroprene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chloroprene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of chloroprene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chloroprene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing chloroprene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Chloroprene Market Analysis
The global chloroprene market size reached US$ 1.17 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.84 Billion, at a projected CAGR of 5.10% during 2023-2032.
- The market for chloroprene is driven by the expanding automotive industry due to the growing need for high-performance, long-lasting rubber compounds. The India Brand Equity Foundation (IBEF) estimates that the country's passenger automobile industry was worth US$32.70 Billion in 2021. It is anticipated to increase at a compound annual growth rate (CAGR) of more than 9% from 2022 to 2027, reaching US$ 54.84 Billion. Chloroprene rubber is widely utilized in the production of numerous automobile parts, including gaskets, belts, and hoses. It is well-known for its remarkable resistance to weather, oil, and chemicals. The demand for durable and dependable materials like chloroprene rubber increases as the global automotive industry grows, particularly with the rise of electric vehicles (EVs) and improvements in automotive technologies. Further increasing the need for chloroprene rubber in applications needing greater durability and performance is the development of lighter, more efficient automobiles as a result of the focus on improving fuel economy and lowering emissions. The industry's emphasis on sustainability makes sure that the chloroprene market grows.
- The building and infrastructure sectors are critical to driving the chloroprene industry forward. Chloroprene rubber is commonly used in construction due to its high weatherability, elasticity, and resistance to aging and environmental stress. It is widely utilized in sealants, adhesives, and coatings, which are critical for the lifetime and durability of structures and infrastructure projects. For instance, as part of the President’s Investing in America agenda, the Biden-Harris Administration is rebuilding roads and bridges. The Administration has also announced over $220 billion in Bipartisan Infrastructure Law funding, including over 32,000 specific projects and awards, across over 4,500 communities in all 50 states, D.C., and territories. The need for high-performance construction materials has risen due to rapid urbanization and increased global infrastructure development investments. Hence, the capacity of chloroprene rubber to survive adverse weather conditions, as well as its long-lasting qualities, make it a popular choice for building projects.
Chloroprene News
The report covers the latest developments, updates, and trends impacting the global chloroprene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in chloroprene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chloroprene price trend.
Latest developments in the chloroprene industry:
- In November 2023, Sciencedirect published a report stating that a chloroprene rubber/polyurethane (CR/PU) modified asphalt sealant has strong permeability, excellent mechanical properties, and high resistance to harsh climates.
Product Description
Chloroprene, also called 2-chloro-1,3-butadiene, is an organic compound and a monomer that is primarily used in the production of synthetic rubber known as polychloroprene. It has the chemical formula C₄H₅Cl and is composed of a four-carbon backbone with one chlorine atom attached to one of the carbons. Its molecular structure can be represented as ClC=CH-CH=CH₂. This arrangement gives the compound the reactive sites needed for polymerization into polychloroprene. The process of producing chloroprene usually entails chlorinating butadiene and then dehydrochlorination to form the desired compound. It is similar to natural rubber, providing good flexibility and resilience and exhibits exceptional resistance to weathering, ozone, oil, and various chemicals.
Regional Coverage
The report provides a detailed analysis of the chloroprene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the chloroprene price trend.
Global Chloroprene Price
The report offers a holistic view of the global chloroprene pricing trends in the form of chloroprene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of chloroprene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chloroprene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Chloroprene Price
European chloroprene prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed chloroprene price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries. |
North America Chloroprene Price
The analysis of chloroprene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific chloroprene historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Chloroprene Price
The report explores the chloroprene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on chloroprene prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Chloroprene Price
The chloroprene pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This chloroprene price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Chloroprene Price
The analysis of chloroprene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Chloroprene |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Chloroprene Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: 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* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of chloroprene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting chloroprene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chloroprene price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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