Neoprene Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2024
The global neoprene market size reached a volume of 384 kilotons in 2018. Looking forward, the global neoprene market is expected to reach a volume of 498 kilotons by 2024 exhibiting a CAGR of around 4% during 2019-2024. Neoprene is a synthetic rubber that is produced by the polymerization of chloroprene in dry rubber (rigid) and latex forms. It offers high tensile strength, low gas permeability, superior combustion behavior and resistance against oil, flame and temperature. It is widely utilized in the manufacturing of hose and seat covers, laptop sleeves, vibration mounts, shock absorber seals, steering components, and windshield wipers. It also finds applications in electrical insulation, cushioning of electrical ducts and wires, and sealing strips for doors and windows.
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The increasing construction activities around the world represent one of the key factors impelling neoprene market growth. Apart from this, owing to the numerous advantageous properties of neoprene, which include durability and thermal resistance, it is employed in the automotive industry for producing high-performance tires. Additionally, it is used in the healthcare industry for manufacturing medical components, such as surgical gloves, braces and syringes. Expanding applications, along with the thriving automotive industry and improving healthcare infrastructure, are expected to drive the market in the coming years.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/neoprene-market
Market Summary:
Breakup by Manufacturing Route:
Based on the manufacturing route, the market has been segmented into the butadiene route and acetylene route. The butadiene route currently accounts for a higher share.
Breakup by Grade:
Based on the grade, the market has been segmented into general-purpose grade neoprene, pre-crosslinked grade neoprene, sulfer-modified grade neoprene and slow crystallizing grade neoprene.
Breakup by Application:
Based on the application, the market has been segmented into technical rubber, adhesives industry and latex industry. Technical rubber currently represents the biggest segment.
Breakup by End-User:
Based on the end-user, the market has been segmented into automotive, manufacturing, consumer goods and medical. The automotive segment currently represents the biggest end user.
Breakup by Region
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest region, accounting for the majority of the global market.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Denka, Lanxess, Showa Denko, Tosoh, Zenith Rubber, DowDuPont, GK GmbH Endlosband, Pidilite Industries Ltd., Covestro AG and Asahi Kasei Corporation.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Request for a free sample copy of this report: https://www.imarcgroup.com/neoprene-market/requestsample
The increasing construction activities around the world represent one of the key factors impelling neoprene market growth. Apart from this, owing to the numerous advantageous properties of neoprene, which include durability and thermal resistance, it is employed in the automotive industry for producing high-performance tires. Additionally, it is used in the healthcare industry for manufacturing medical components, such as surgical gloves, braces and syringes. Expanding applications, along with the thriving automotive industry and improving healthcare infrastructure, are expected to drive the market in the coming years.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/neoprene-market
Market Summary:
Breakup by Manufacturing Route:
Based on the manufacturing route, the market has been segmented into the butadiene route and acetylene route. The butadiene route currently accounts for a higher share.
Breakup by Grade:
Based on the grade, the market has been segmented into general-purpose grade neoprene, pre-crosslinked grade neoprene, sulfer-modified grade neoprene and slow crystallizing grade neoprene.
Breakup by Application:
Based on the application, the market has been segmented into technical rubber, adhesives industry and latex industry. Technical rubber currently represents the biggest segment.
Breakup by End-User:
Based on the end-user, the market has been segmented into automotive, manufacturing, consumer goods and medical. The automotive segment currently represents the biggest end user.
Breakup by Region
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest region, accounting for the majority of the global market.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Denka, Lanxess, Showa Denko, Tosoh, Zenith Rubber, DowDuPont, GK GmbH Endlosband, Pidilite Industries Ltd., Covestro AG and Asahi Kasei Corporation.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Browse Related Report
https://www.imarcgroup.com/xylitol-market
https://www.imarcgroup.com/lyocell-fiber-market
Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group IMARC Group
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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