In the first half of 2023, Polyisoprene prices in Asia rose due to increased demand from downstream industries like automobiles, rubber, and latex after China’s manufacturing sector rebounded post the Covid-19 lockdown. In Europe, prices were initially lower due to reduced demand from the automotive sector and port congestions, but they picked up in Q2 with rising inquiries. In North America, polyisoprene prices had a slow start but recovered later due to fluctuations in downstream demands from automotive, rubber, and latex industries. Overall, demand played a significant role in determining the price trends for Polyisoprene in these regions.
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Definition
Polyisoprene is a synthetic polymer made from the polymerization of isoprene monomers. It is a form of rubber that closely resembles natural rubber in its chemical structure and properties. Polyisoprene exhibits high elasticity, resilience, and low temperature flexibility, making it valuable in various applications such as manufacturing tires, medical products like gloves, and other rubber goods.
Key Details About the Polyisoprene 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 Polyisoprene 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 Polyisoprene Price Trend, including India Polyisoprene price, USA Polyisoprene 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 Polyisoprene Price Trend:
Polyisoprene finds significant industrial uses across diverse sectors. Its high elasticity and resilience make it ideal for manufacturing tires, where it enhances durability and performance. In the medical industry, polyisoprene is widely used for producing gloves due to its hypoallergenic properties. Moreover, it serves as a key material in various rubber goods like belts, hoses, and seals. Its versatility, combined with its similarity to natural rubber, makes polyisoprene a valuable component in numerous industrial applications.
Key Players:
- Firestone
- Cray Valley
- LG Chem
- Lanxess
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