Chemical and Materials

Global Neoprene Market Recent Study Including Growth Factors substantial CAGR by 2026: Applications, Regional Analysis, Key Players and Forecasts by 2026

Global Neoprene Market

Definition:

Neoprene (CR), also called polychloroprene or chloroprene rubber, synthetic rubber produced by the polymerization (or linking together of single molecules into giant, multiple-unit molecules) of chloroprene. A good general-purpose rubber, neoprene is valued for its high tensile strength, resilience, oil and flame resistance, and resistance to degradation by oxygen and ozone; however, its high cost limits its use to special-properties applications.

 

Analysis of Global Neoprene Market report:

Global neoprene market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing R&D activities on neoprene and rising popularity of neoprene gloves is the factor for the growth of this market.

 

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Market Drivers:

  • Increasing demand for neoprene in automotive industry is driving the market growth
  • Growing popularity of medical gloves will also propel market growth
  • Rising expansion of chloroprene production capacities will also drive the growth of this market
  • Expansion of electronic and construction industry will also accelerate the market

 

Market Restraints:

  • Strict environmental regulations will also restrict the market growth
  • Availability of substitute of neoprene in the market will also hinder the growth
  • Fluctuations in the price of crude oil will also restrict the market growth

 

Leading Key players profiled in this report are:

Few of the major competitors currently working in the global neoprene market are Asahi Kasei Advance Corporation, ZENITH RUBBER., Versalis, Tosoh, Pidilite Industries Ltd., LANXESS, SHOWA DENKO K.K., Dow, BRP Manufacturing, Monmouth Rubber & Plastics Corp, Pacific Eagle Enterprise Co., Ltd, Huntington Rubber Sales, LLC., White Cross Rubber Products Ltd., SHEICO Group, Neotex Union Industries Co., Ltd., Tata Rubber Corporation, Minor Rubber Products, Denka Corpration, Tynorindia, Star Polymer, Dongguan Top Neoprene Products Factory, and others.

 

Global Neoprene Market Segmentation:

By Product

  • Neoprene Foam/Sponge
  • Neoprene Rubber Sheet
  • Neoprene Latex

By End-User

  • Automotive
  • Electrical and Electronics
  • Building and Construction
  • Textile
  • Elastomers
  • Latex
  • Dipped Articles
  • Moulded Foam
  • Improvement of Bitumen
  • Coatings
  • Others

By Manufacturing Route

  • Butadiene Route
  • Acetylene Route

By Grade

  • General-Purpose Grade Neoprene
  • Pre-Crosslinked Grade Neoprene
  • Sulfer-Modified Grade Neoprene
  • Slow Crystallizing Grade Neoprene

By Application

  • Technical Rubber
  • Adhesives Industry
  • Latex Industry

By Type

  • Normal Linear Grades
  • Pre-Cross Linked Grades
  • Sulfur-Modified Grades
  • Slow Crystallizing Grades

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

 

Competitive Analysis:

Global neoprene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of neoprene market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 

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The Global Neoprene Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Neoprene Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

 

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