neoprene rubber Pricing Assessment

Markets Covered:

China

Germany

South Africa

India

Indonesia

Thailand

Neoprene Rubber Price Trend, Analysis and Forecast

In Q1 2024, the global Neoprene Rubber market experienced a slight decrease in prices, especially in Japan, where they were reported at USD 4662/MT. This marked a marginal decline of 0.07% compared to the previous quarter. The drop was influenced by a slowdown in demand across several key sectors, including automotive and industrial applications, which traditionally drive the consumption of Neoprene Rubber. However, steady demand from the construction and marine sectors kept the market from seeing more significant declines during this period.

In Q2 2024, the prices for Neoprene Rubber in Japan continued their downward trend, settling at USD 4310/MT, reflecting another 0.07% dip from Q1. The decrease was largely attributed to low demand for Neoprene’s applications in automotive production and industrial equipment. Additionally, rising freight rates and continued supply chain disruptions, particularly in the Asian region, created further downward pressure on the market. The increase in global shipping capacities also contributed to the price drop as transportation bottlenecks eased.

By July 2024, early Q3, the Neoprene Rubber market showed signs of stabilizing, with prices in Japan recorded at USD 4280/MT, reflecting a slight decrease of 0.006% from Q2. Abundant supply, coupled with modest demand from key sectors, resulted in stable pricing. On a global level, increased output from manufacturing hubs and a gradual recovery in supply chains helped balance out some of the previous quarter’s disruptions. However, lingering uncertainty in the automotive sector kept demand for Neoprene relatively flat.

Looking ahead to Q4 2024, market trends suggest that Neoprene Rubber prices may face upward pressure due to anticipated seasonal demand, especially from the packaging and construction industries. Additionally, potential freight disruptions and supply chain constraints are expected to re-emerge, particularly as the festive season approaches, leading to an increase in demand. However, global inventory levels remain high, which could moderate the extent of any price hikes, keeping the market in a cautiously optimistic state.

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is your trusted resource for tracking global neoprene rubber price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the neoprene rubber market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's neoprene rubber price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in neoprene rubber prices

Russia-Ukraine Conflict (2022-Present): Disruptions in the European automotive and industrial sectors, key consumers of Neoprene, led to price volatility and increased costs, particularly as raw material supplies from Eastern Europe were impacted.

COVID-19 Pandemic (2020): Initially, Neoprene demand fell sharply as industrial activities slowed. However, as global economies recovered, demand from sectors like medical supplies, automotive, and construction surged, pushing prices higher.

U.S.-China Trade War (2018-2019): Tensions between the U.S. and China disrupted global supply chains, significantly affecting the Neoprene market due to tariffs and trade barriers. This created price instability, as both countries were major producers and consumers of the rubber.

Methodology and Specifications

neoprene rubber Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Neoprene Rubber production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Neoprene Rubber supply chain, from raw material availability (e.g., Chloroprene) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Neoprene Rubber prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Neoprene Rubber production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Neoprene Rubber demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Neoprene Rubber production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Neoprene Rubber production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Neoprene Rubber pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Neoprene Rubber prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Neoprene Rubber pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

100,000-600,000 g/mol

CAS No

9010-98-4

HS Code

40024900

Molecular Formula

[CH2–CCl = CH–CH2] n.

neoprene rubber

Neoprene Rubber is a versatile synthetic elastomer known for its durability, flexibility, and resistance to various environmental factors. It performs well across a wide temperature range, from -40°C to 120°C, making it ideal for both high and low-temperature applications. Neoprene is also highly resistant to oils, greases, solvents, and chemicals, which makes it a preferred material in industries like automotive, marine, and industrial manufacturing. Additionally, it offers excellent weather, ozone, and sunlight resistance, making it suitable for outdoor use. Its water and flame resistance further contribute to its widespread application in products like wetsuits, gaskets, hoses, and protective gear.

Packaging Type

25 Kg Bag

Grades Covered

N/A

Incoterms Used

FOB Japan, FOB China, FOB Germany, CIF South Africa (Japan), CIF India (Japan), CIF Indonesia (Japan), CIF Thailand (Japan)

Synonym

Polychloroprene, Chloroprene Rubber, CR Rubber

Quotation Terms:

10-15 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Mooney Viscosity	35-55
Density	1.20-1.28 g/cm3
Specific Gravity	1.20-1.28
Decomposition Temperature	200deg-C approx.
Physical State	Chips

Applications

Neoprene Rubber is widely used across various industries due to its exceptional properties, including chemical, temperature, and weather resistance. In the automotive sector, it is commonly used for hoses, belts, and seals, offering durability in harsh environments. In the construction sector, it is used for insulation, roofing membranes, and protective coatings due to its weather-resistant qualities. Additionally, Neoprene is frequently used in electrical insulation, medical devices, and protective gear, such as gloves and knee pads, owing to its flexibility and resilience.

Disclaimer

Neoprene Rubber price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for neoprene rubber. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors impact the pricing of neoprene rubber in the market? +

The pricing of neoprene rubber is influenced by several key factors, including the cost of raw materials such as chloroprene, production capacity, and global supply and demand dynamics. Additionally, fluctuations in crude oil prices, transportation costs, and tariffs can significantly affect pricing. Environmental regulations and the push for sustainable sourcing practices also play a role, as manufacturers may face increased costs to comply with these standards

How does the global supply chain affect neoprene rubber pricing? +

The global supply chain has a direct impact on neoprene rubber pricing due to its reliance on multiple raw materials and production processes spread across different regions. Disruptions in the supply chain, such as transportation delays, geopolitical tensions, or natural disasters, can lead to supply shortages, driving prices higher. Conversely, a streamlined supply chain with efficient logistics can help stabilize or lower prices.

What are the future pricing trends for neoprene rubber, and how should procurement heads prepare? +

Future pricing trends for neoprene rubber are expected to be influenced by several factors, including advancements in production technology, shifts in raw material costs, and changes in global demand from industries like automotive, consumer goods, and construction. As companies increasingly focus on sustainability, the cost of eco-friendly alternatives may also affect pricing.