The trends in pricing within the Asian silicone rubber market during the first half of 2023 exhibited a blend of fluctuations. Initially, there was an upsurge in demand from downstream sectors such as automotive and aerospace, propelling prices upward in the first quarter. However, an increase in inventories caused temporary reversals in the subsequent quarter. Despite this, the overall market sentiment remained optimistic.
Conversely, in Europe, silicone rubber prices faced initial challenges owing to high inflation rates and the slow recovery of demand. Nevertheless, these prices saw an improvement as Chinese manufacturing regained momentum and normalized trade routes bolstered international trade.
Across North America, pricing experienced fluctuations as well. There was an initial decline in the first quarter due to a banking crisis, but this was succeeded by a recovery in the second quarter
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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 finds extensive industrial applications due to its unique properties. It is widely used in automotive and aerospace industries for seals, gaskets, and components that require resilience under extreme conditions. In the medical field, it’s utilized for making medical implants and devices. Additionally, silicone rubber serves as an insulator in electrical and electronics applications and is used in consumer goods like kitchenware and bakeware due to its heat resistance and non-stick properties.
- 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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