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Chloroprene Rubber (CR) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23549
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Chloroprene Rubber (CR) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Chloroprene Rubber (CR) | Chemical | USA | 7463 USD/MT |
| Chloroprene Rubber (CR) | Chemical | Japan | 7582 USD/MT |
The price of chloroprene rubber (CR) in the USA for Q4 2023 reached 7463 USD/MT in December.
In Japan, the chloroprene rubber (CR) price trend reached 7582 USD/MT during the fourth quarter of 2023.
Chloroprene Rubber (CR) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Chloroprene rubber (CR) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chloroprene rubber (CR) 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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chloroprene rubber (CR) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing chloroprene rubber (CR) 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 Rubber (CR) Market Analysis
The global chloroprene rubber (CR) market size reached US$ 1.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.7 Billion, at a projected CAGR of 4.30% during 2023-2032.
- The excellent adhesive properties and resistance to weathering capabilities of CR makes it highly preferable in the construction industry. As globalization and urbanization is increasing, especially in developing regions, so does the demand for CR as a construction material. People know that CR has a long shelf life and its ability to withstand harsh environmental conditions is magnificent. Therefore, its sales are increasing across the globe.
- The CR demand is further amplified by the rising sales of electric cars around the world. Because of the need of enhanced electrical insulation in electric cars for their complex systems and high-voltage components, there is a high demand for CR. An article published in 2024 on the website of the International Energy Agency (IEA), the global electric car sales is expected to reach 17 million by the end of 2024.
- CR is also increasingly popular on account of its utilization in various industrial applications like conveyor belts, specialized coatings, and hoses. Because of its resilience to chemicals, oils, and high temperatures, it is an ideal raw material for usage in a variety of industries. Global demand for CR is rising in tandem with the expansion of industrial and heavy industries.
- As per the IMARC Group’s report, the global adhesives and sealants market reached US$ 66.4 Billion in 2023. To produce adhesives and sealants, CR is very important as it has strong bonding capabilities and resistance to aging and environmental factors. This demand is increasing owing to innovations and advancements in adhesive technologies that leverage CR’s properties.
- The market share is showing an upward trajectory driven by ongoing advancements in polymer technology and the development of new formulations. These formulations are responsible for the development of CR with improved properties. Innovations in CR manufacturing processes is resulting in more cost-effectiveness of the material, making it highly competitive in the market.
Chloroprene Rubber (CR) News
The report covers the latest developments, updates, and trends impacting the global chloroprene rubber (CR) 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 rubber (CR) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chloroprene rubber (CR) price trend.
Latest developments in the chloroprene rubber (CR) industry:
- In 2023, DuPont introduced its cutting-edge solutions, including DuPont™ Kalrez® perfluoroelastomer parts and DuPont™ Vespel® parts and shapes for the oil and gas industry during its participation in the 23rd China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE).
- In 2023, Denka and SCG Chemicals to jointly develop plant for acetylene black in Thailand with an annual production capacity of approximately 11,000 tons.
Product Description
Produced through the polymerization of chloroprene, CR is a synthetic rubber known for its high tensile strength, good flexibility, and resistance to chemicals, oil, and weathering. It was discovered in DuPont in 1930 as an exceptionally versatile material that can be used in numerous industries.
To ensure longevity and reliability of automotive components, CR is viewed as an important material to manufacture belts, hoses, and gaskets. Its waterproofing abilities makes it highly valuable in the construction industry to produce seals and expansion joints. Its versatility extends to the production of conveyer belts and hoses due to its high mechanical strength and chemical resistance, which are paramount for heavy-duty performance.
Beyond automotive and construction industries, CR also finds applications in the textile industry for the synthesis of elastic fabrics. It also assists in manufacturing neoprene products like wetsuits as they require flexibility and thermal insulation.
Regional Coverage
The report provides a detailed analysis of the chloroprene rubber (CR) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends 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 rubber (CR) price trend.
Global Chloroprene Rubber (CR) Price
The report offers a holistic view of the global chloroprene rubber (CR) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Chloroprene Rubber (CR) Price
European chloroprene rubber (CR) 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 rubber (CR) 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 Rubber (CR) Price
The analysis of chloroprene rubber (CR) 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 data on chloroprene rubber (CR) prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Chloroprene Rubber (CR) Price
The report explores the chloroprene rubber (CR) 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 rubber (CR) 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 Rubber (CR) Price
The chloroprene rubber (CR) 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 analysis can be further extended to include detailed chloroprene rubber (CR) prices for 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 Rubber (CR) Price
The analysis of chloroprene rubber (CR) 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 Rubber (CR) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, 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 rubber (CR) 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 rubber (CR) 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 rubber (CR) price charts ensure our clients remain at the forefront of the industry.
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