The global Chloroprene Rubber market was valued at US$ 1615.7 million in 2020 and it is expected to reach US$ 2113.9 million by the end of 2027, growing at a CAGR of 3.9% during 2021-2027.
Chloroprene rubber (hereinafter: CR; synonym: polychloroprene or sometimes Neoprene) is a synthetic rubber produced by polymerization of chloroprene. It is an artificially-made polymer acting as an elastomer. Chloroprene rubber exhibits good chemical stability, and maintains flexibility over a wide temperature range. It is used in a wide variety of applications, such as laptop sleeves, orthopedic braces (wrist, knee, etc.), electrical insulation, liquid and sheet applied elastomeric membranes or flashings, and automotive fanbelts.
Asia Pacific is expected to be the largest and fastest growing market for chloroprene rubber owing to surging demand from China in diverse automobile and industrial component applications. North America and Europe are anticipated to witness significant growth following Asia Pacific on account of increasing population and rapid industrialization over the forecast period. Extensive R&D in terms of replacing smoked rubber suppression with vulcanization in chloroprene manufacturing process owing to benefits including retention of elastic memory and nonabsorbent properties are expected to provide extensive growth potential to key market participants.
Global Chloroprene Rubber Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Chloroprene Rubber Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are DOPONT, DENKI KAGAKU KOGYO KABUSHIKI KAISHA, LANXESS, COG, Tosoh Corporation, Shanna Synthetic Rubber, Changshou Chemical, Shanxi Synthetic Rubber Group, Pidilite, Showa Denko K.K, Nairit Plant and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-chloroprene-rubber-market-outlook
Segment by Type
- Acetylene Method
- Butadiene Method
Segment by Application
- Industrial Rubber Products
Table of Content:
1 Chloroprene Rubber Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Chloroprene Rubber Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Chloroprene Rubber Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Erik Brady is a news media and fitness professional with a strong experience in online journalism as well as he is a well-known fitness instructor. He strength includes knowledge of sports, health, yoga, meditation, and proficiency. From a young age, Erik has interest in Football and he is BundesPremierLeague Contributor.