Synthetic Rubber Price History and Forecast Analysis | Procurement Resource

Artificial rubber shares identical characteristics with natural rubber, being an elastomer or polymer substance crafted through manufacturing processes.

It’s created through polymerization, wherein various monomers, derived from either petroleum or plant sources, undergo a process to form extensive polymer chains.

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The primary variants of synthetic rubber include styrene-butadiene rubber (SBR), polybutadiene rubber (BR), neoprene rubber (CR), and nitrile rubber (NBR).

Top exporters of synthetic rubber globally include South Korea, the United States, Japan, Thailand, and Vietnam.

Key Details About the Synthetic Rubber Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Synthetic Rubber price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Synthetic rubber Price analysis, including India’s synthetic rubber price, USA’s synthetic rubber price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting synthetic rubber Price Trend:

Synthetic Rubber Price Trend

Synthetic rubber serves as a fundamental material in various applications, particularly in the automotive industry where it’s extensively used for manufacturing belts, hoses, and tire components. Its role extends to enhancing grip, durability, and resilience in tire treads, sidewalls, and inner liners.

Moreover, synthetic rubber finds its place in creating seals, gaskets, and industrial components that are crucial in preventing leaks and ensuring the efficient functioning of engines, pumps, and various machinery.

Beyond automotive applications, this versatile material is integral in producing athletic footwear due to its ability to offer enduring support and cushioning while withstanding wear. It’s also a key ingredient in industrial adhesives.

Additionally, synthetic rubber plays a vital role in the production of roofing, waterproofing products, insulation, and soundproofing materials, highlighting its versatility across different industries.

Key Players:

  • Sinopec
  • DuPont
  • The Dow Chemical Company
  • ExxonMobil
    Synthetic Rubber Price
  • Kumho Petrochemical Company Ltd

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

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