Concerned about silicone prices? Back in 2018, silicone prices had risen by as much as 25%. Today, demand is high, supply is tight, and everyone is worried about pricing and availability.
But what about value? The cheapest materials aren’t the best and you can’t settle for cut-rate compounds that won’t meet tough specifications and application requirements. In other words, don’t just focus on silicone prices.
If you’re looking for solid silicone sheet you can count on, ElastaPro is the name to know. Our team of silicone industry veterans is creating value with service, quality, and technology – and through long-term partnerships with companies like yours. Plus, our silicone sheeting is proudly Made in the USA.
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Supply chain improvements:Some sources have noted a general improvement in the availability of elastomers since 2022 and predicted continued improvements.
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High demand:Demand for silicone is high across various sectors, including electric vehicles, energy storage, and construction, which can create bottlenecks.
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Geopolitical factors:Supply chain disruptions due to geopolitical events or issues in major production regions, particularly China, can still cause localized or temporary shortages.
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Logistical and labor issues:Shipping, rail, and trucking disruptions, as well as labor shortages, can still impact the movement of materials.
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Market uncertainty:Increased raw material costs and wages are still a factor, contributing to higher prices and keeping supply tight in certain areas.
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Cost:The cost of silicone remains high compared to other rubbers due to the expensive manufacturing process needed to convert sand into silicone.
- Availability is significantly better than in the peak of the crisis in 2021-2022.
- Market conditions can still fluctuate based on global events, supply chain issues, and labor availability.
- High demand continues to be a factor, so some product categories or regions may experience shortages or delays.
- Pricing is likely to remain elevated due to factors like raw material costs.
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