Nitrile Butadiene Rubber Price in USA
- United States: 2980 USD/MT (NBR 41%-66%)
In December of Q4 2023, the price of nitrile butadiene rubber in the United States hit 2980 USD/MT (NBR 41%-66%).
The latest report by IMARC Group, titled "Nitrile Butadiene Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of nitrile butadiene rubber prices. This report delves into the globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Nitrile Butadiene Rubber Prices Analysis:
- Japan: 2040 USD/MT (NBR 36%-43%)
- Germany: 2430 USD/MT (NBR 18%-40%)
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The study delves into the factors affecting nitrile butadiene rubber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Nitrile Butadiene Rubber Price Trend- Last Quarter
The nitrile butadiene rubber (NBR) market is driven by its widespread applications across automotive, medical, and industrial sectors, due to its exceptional resistance to oils, chemicals, and high temperatures. In the automotive industry, NBR is essential for manufacturing fuel hoses, seals, and gaskets, meeting the sector's need for durable, heat-resistant materials, especially as vehicle production and demand for high-performance automotive components rise globally.
Additionally, the medical sector contributes significantly to NBR demand, as it is used in disposable gloves and other protective equipment due to its resistance to punctures and chemicals, an area of heightened focus following the increased hygiene awareness and requirements post-pandemic. In industrial applications, NBR's resilience to abrasion and chemicals makes it ideal for hoses, O-rings, and conveyor belts, supporting machinery reliability and longevity.
Furthermore, ongoing advancements in NBR formulations to enhance its mechanical properties and sustainability are positively influencing market growth. With the expansion of manufacturing activities, infrastructure developments, and increased health and safety standards worldwide, the NBR market is set to grow. However, it faces challenges from fluctuating raw material prices and environmental regulations impacting synthetic rubber production.
Nitrile Butadiene Rubber Industry Analysis
In Q4 2023, the North American nitrile butadiene rubber (NBR) market remained weak due to low demand from the automotive and construction sectors, exacerbated by high interest rates reducing consumer purchasing power. Crude oil price reductions and sufficient NBR stock availability further pressured pricing. Mid-quarter saw average inquiries from the automotive industry, with raw material supplies sufficient for production. Manufacturers lowered prices during the December destocking season to stimulate shipments.
Additionally, weak global demand led to decreased exports, with central banks' interest rate hikes impacting markets. In the Asia-Pacific region, the NBR market faced bearish conditions due to low demand from automotive industries and volatility in butadiene prices. While inquiries from the construction sector provided some support, sufficient NBR availability and plant shutdowns, like Hyundai Chemical’s in South Korea, impacted market dynamics.
Japan experienced the most significant price decline, driven by low demand and inflationary pressures. In Europe, the NBR market saw similar bearish trends, with moderate demand from automotive and construction sectors, inflation, and a slower post-COVID recovery. Falling natural gas prices and weak year-end inquiries contributed to price declines, particularly in Germany, where holiday season destocking further weakened market sentiment.
Regional Price Analysis:
- 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
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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