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 nitrile butadiene rubber 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:
- United States: 2980 USD/MT (NBR 41%-66%)
- 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 market is driven by the increasing use of nitrile butadiene rubber (NBR) in the automotive industry. NBR is extensively used in automotive applications, including fuel hoses, seals, and gaskets, due to its excellent resistance to oil, fuel, and other chemicals. Secondly, the expanding use of NBR in the healthcare sector is another crucial driver. NBR is used in the production of medical gloves, which are essential for ensuring hygiene and safety in medical practices. Thirdly, industrial applications are contributing to the NBR market growth. NBR's resistance to various chemicals makes it suitable for manufacturing industrial gloves, hoses, and seals used in the oil and gas, mining, and construction industries. Additionally, advancements in NBR technology and production processes are driving the market. Innovations in NBR formulations are leading to improved properties, such as enhanced durability and resistance, broadening its application scope. Lastly, the growing emphasis on sustainable and eco-friendly materials is pushing manufacturers to develop NBR with reduced environmental impact.
Nitrile Butadiene Rubber Industry Analysis
In Q4 of 2023, the North American NBR market remained bearish. Low demand from the construction industry and reduced purchasing power of USA consumers were driven by high interest rates, which negatively affected NBR market sentiments. Downward pressure on pricing dynamics was further exacerbated by the reduction in crude oil prices and the sufficient availability of finished NBR stocks. In December, during the destocking season, manufacturers reduced prices to encourage new shipments. The NBR market in the Asia Pacific region also experienced a bearish trend in Q4 of 2023. Prices were impacted by low demand from downstream automotive industries and volatility in upstream butadiene prices. Japan witnessed the most significant changes in NBR prices on account of low demand from downstream automotive industries.
Furthermore, the NBR market in Europe experienced a bearish trend in Q4 of 2023, driven by moderate to low demand from downstream sectors, such as automotive and construction. In December, Germany witnessed a drop in NBR price realizations due to tepid inquiries from downstream sectors amidst the year-end destocking and holiday season. The insufficient cost support from raw materials hindered any positive price development for NBR.
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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