What factors influence synthetic rubber prices in the Middle East & Africa?

Specific synthetic rubber historical data within the United States and Canada can also be provided. The report explores the synthetic rubber 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.

How are EPDM rubber price developments calculated?

The price developments of EPDM rubber are expressed in US$ prices converted FX rates applicable at the time when the price was valid. EPDM rubber price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

What influences synthetic rubber prices in Asia Pacific?

The synthetic rubber 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.

What is the Global synthetic rubber market size?

The global synthetic rubber market size reached US$ 31.78 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 42.93 Billion, at a projected CAGR of 3.40% during 2023-2032. There is a rise in the demand for synthetic rubber due to the thriving automotive industry.

What was the price of synthetic rubber in Q4 2023?

USA’s price of synthetic rubber for Q4 2023 reached 1775 USD/MT in December. The price trend for synthetic rubber in Japan accounted for 1526 USD/MT in Q4 of 2023. In the fourth quarter of 2023, Germany’s synthetic rubber recorded 1552 USD/MT.

What factors affect the cost of EPDM rubber?

The prices of the raw materials used to produce EPDM rubber, such as ethylene, propylene, and diene monomers, can impact the cost of the final product. Fluctuations in the prices of these raw materials can lead to fluctuations in the cost of EPDM rubber.