Ethylene Acrylic Elastomer Pricing Report

Ethylene Acrylic Elastomer Prices December 2023

The ethylene acrylic elastomer prices in the USA experienced an upward trend, reaching 16,690 USD/MT in the fourth quarter of 2023. This can be attributed to the thriving automotive industry due to rising sales of robust vehicles in the country. The moderate to high demand from the construction industry also positively influenced the market.

During the fourth quarter of 2023, the ethylene acrylic elastomer market in the Asia Pacific region witnessed a bullish trend due to the moderate supply of the material despite high demand from the automotive industry. There were a smaller number of producers in the region, affecting the supply chain and increasing the prices of ethylene acrylic elastomer, reaching 14,442 USD/MT.

In Germany, the prices for ethylene acrylic elastomer increased in the fourth quarter of 2023, reaching 17,280 USD/MT. The automotive industry with other several industries got impacted due to declined long-term interest rates to stabilized retailer consumption.

Ethylene Acrylic Elastomer Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ethylene Acrylic Elastomer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ethylene acrylic elastomer 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 price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ethylene acrylic elastomer 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.

Ethylene Acrylic Elastomer Market Analysis

The global ethylene acrylic elastomer market size reached 406.1 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 584.0 Thousand Tons, at a projected CAGR of 4.10% during 2023-2032.

• According to the Association of European Automobile Manufacturers (ACEA), 84.5 million vehicles were produced worldwide in 2022, accounting for an increase of 5.7% as compared to 2021. The thriving automotive industry is catalyzing the demand for ethylene acrylic elastomers (AEMs). Their durability, oil resistance, and heat resistance make them highly suitable for various automotive parts, such as dampers, seals, gaskets, and hoses.
• AEMs are gaining traction due to their ability to perform in extreme conditions of chemicals, temperatures, and pressure.
• The production of AEMs is showing an upward trajectory on account of technological advancements in material science and improvements in processing technologies, leading to the development of AEMs to meet requirements of various industries.
• People are preferring sustainable and environment friendly products due to the growing awareness about the increasing environmental pollution around the world. As a result, AEMs are preferred over other materials on account of their robustness and resistance to harsh chemicals.
• The demand for ethylene acrylic elastomers (AEMs) is further amplified by rapid industrialization in emerging economies, wherein industries required high-performing materials to enhance their productivity.
• The rising awareness among the masses about the negative impact of rubber in the environment is driving the demand for AEMs across the globe. They are widely used as the alternative to rubber owing to their superior qualities.
• As per the IMARC Group’s report, the global electric motor market size reached US$ 111.3 Billion in 2023 and is expected to reach US$ 153.1 Billion by 2032. AEMs are utilized in electric motors, as they require high-quality insulation materials to prevent electrical shorts. As AEMs have high insulating properties, it is a valuable choice for insulating wires and cables in electric motors.
• A favorable trend for the AEM market is also created by the employment of AEMs in the renewable energy sector, especially in solar and wind power facilities, to manufacture protective covers that require extended resistance against ultraviolet (UV) radiation and weathering.

Ethylene Acrylic Elastomer News

The report covers the latest developments, updates, and trends impacting the global ethylene acrylic elastomer 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 ethylene acrylic elastomer production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the ethylene acrylic elastomer industry:

• In 2023, Dow Chemicals and New Energy Blue collaborated to produce bio-based ethylene from renewable agricultural residues.
• In 2023, Zeon Corporation acquired Edge Precision Manufacturing, Inc. to facilitate its business in the field of healthcare and life sciences.

Product Description

Ethylene acrylic elastomer (AEM) is a copolymer of ethylene and methyl acrylate and is known for its durability and heat and oil resistance. It also comprises cross-linking capability, which ultimately results in its high mechanical strength, including elasticity.

Primarily produced through the copolymerization process by mixing ethylene and acrylic acid esters in the presence of third monomer to facilitate cross-linking. Moreover, its ability to maintain high performance and physical integrity in extreme temperatures makes it suitable for the oil and gas industry.

It is also utilized in seals and gaskets in heavy-duty machinery and equipment, highlighting its versatility and applications in several industries. This material also find usage in outdoor applications on account of its resistance to ultraviolet (UV) radiations and weathering conditions.

Regional Coverage

The report provides a detailed analysis of the ethylene acrylic elastomer 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 price trends. 

Global Ethylene acrylic elastomer Price

The report offers a holistic view of the global ethylene acrylic elastomer 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 Ethylene acrylic elastomer Price

In the European region, the ethylene acrylic elastomer market experienced a bullish trend due to low supply and high demand from the automotive industry. The production costs were managed by the continuous decline in crude oil prices. However, the Red Sea faced geopolitical tensions, resulting in increased importing costs in the region. More challenges were caused during this quarter, as several shipping companies rerouted their routes, leading to port congestion.

This analysis can be extended to include detailed ethylene acrylic elastomer price information for a comprehensive list of countries.

North America Ethylene Acrylic Elastomer Price

The prices for ethylene acrylic elastomer in the North America region witnessed an upward trend due to the high demand from the construction and automotive industries. The mixed demand from major countries and disruptions in the supply chain caused increased prices of ethylene acrylic elastomer in the region. However, there was vessel draft limitations in the Panama Canal, leading to port congestion and port delays.

Specific data on ethylene acrylic elastomer prices within the United States and Canada can also be provided.

Middle East and Africa Ethylene acrylic elastomer Price

The report explores the ethylene acrylic elastomer 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 ethylene acrylic elastomer prices for countries can also be provided.

Asia Pacific Ethylene Acrylic Elastomer Price

During the fourth quarter of 2023, the prices of ethylene acrylic elastomer in the Asia Pacific region encountered a bullish trend, driven by moderate supply despite high demand from the automotive sector. The burgeoning construction industry in the region, particularly in India, led to high sales of ethylene acrylic elastomer. Overall, the supply of the material remained constantly moderate in the region throughout the quarter.

This analysis can be further extended to include detailed ethylene acrylic elastomer prices for a comprehensive list of countries within the region.

Latin America Ethylene Acrylic Elastomer Price

The analysis of ethylene acrylic elastomer 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ethylene acrylic elastomer 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 ethylene acrylic elastomer price volatility, 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, ensuring they remain at the forefront of the ethylene acrylic elastomer industry.