Silicone Rubber Price History and Forecast Analysis | Procurement Resource

In the first half of 2023, the Asian silicone rubber market experienced varying price movements. Initially, increased demands from sectors like automotive and aerospace caused prices to rise in the first quarter. However, a surplus in inventories caused temporary price reversals in the subsequent quarter, though the market sentiment overall stayed upbeat. Across Europe, silicone rubber prices faced challenges due to inflation and slow demand recovery. Nevertheless, they later picked up as Chinese production stabilized and international trade routes resumed, boosting offshore trade. In North America, prices fluctuated with a downturn in the first quarter owing to a banking crisis, but they rebounded in the following quarter, marking a recovery.

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Definition

Silicone rubber is a synthetic elastomer derived from silicon, oxygen, carbon, and hydrogen atoms. It exhibits remarkable resistance to extreme temperatures, UV radiation, and moisture, making it highly versatile in various industries. Silicone rubber is renowned for its flexibility, durability, and non-reactivity, making it ideal for applications ranging from automotive seals and medical devices to electrical insulation and consumer products.

Key Details About the Silicone 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 Silicone Rubber 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 Silicone Rubber Price trends, including India Silicone Rubber price, USA Silicone 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 the Silicone Rubber Price Trend:

Silicone rubber boasts distinctive characteristics that render it invaluable across various industries. Its resilience in challenging environments makes it a staple in automotive and aerospace sectors, employed for seals, gaskets, and robust components. In medicine, it’s instrumental in crafting implants and medical devices. Moreover, its insulating properties make it indispensable in electrical and electronic applications, while its heat resistance and non-stick attributes make it a sought-after material in consumer products like kitchenware and bakeware.

Key Players:

  • Dongguan Hongju Silicone Rubber Products Co., Ltd.
  • Wuxi Aomeite Seal Technology Co.Ltd.
  • Vip Rubber & Plastic Company
  • Jefferson Rubber Works Inc

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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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