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.

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.

Location: New York, NY, USA

Comments

Post a Comment

Popular posts from this blog

European Frozen Seafood Market is Projected to witness Strong Growth during the Forecast Period

-
Image
According to the latest report by IMARC Group, titled “ European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the  European frozen seafood market  reached a value of US$ 21.4 Billion in 2018, growing at a CAGR of 3.7% during 2011-2018. The European continent is intricately linked with the sea and seafood products form a quintessential part of the regional cuisine. These products serve as a rich source of proteins, micronutrients and essential fatty acids, and are low in fat. They are known to promote heart health, ease the symptoms of arthritis, maintain healthy eyesight, and preserve skin moisture, along with offering innumerable other health benefits. As these products are highly perishable, they require freezing for extending their shelf-life. The freezing process employs advanced techniques like cryofreezing to freeze the products below 200? C. This helps in sealing the flavor and nutrients in the food products for an exte
Read more

Adult Diaper Market is Set for Strong Growth and reaching a value of US$ 20.28 Billion by 2024

-
Image
The latest report by IMARC Group, titled “ Adult Diaper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, estimates that the  global adult diaper market  reached a value of US$ 13.25 Billion in 2018, exhibiting a CAGR of 8.43% during 2011-2018. Adult diaper refers to a type of underwear which is used by people suffering from problems such as incontinence, dementia, mobility injury and severe diarrhea. Apart from this, it is also worn by astronauts, guards on long duties, divers under their diving suits and other long-hour workers. Adult diapers are composed of comfortable and leakage protective materials which absorb the waste and prevent it from leaking and soiling the outer clothes. The development of convenient and easy-to-wear thin diapers with improved fluid absorption and retention abilities has influenced the sales of adult diapers. Request to get the sample report:  https://www.imarcgroup.com/adult-diaper-market/requestsample Glob
Read more

Indian Shrimp Feed Market is Expected to Experience a strong Growth during the Forecast Period

-
Image
The latest report by IMARC Group, titled “ Indian Shrimp Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, finds that the  Indian shrimp feed market size  exceeded 1 Million Tons in 2018. Shrimp feed is formulated with essential nutrients required for the healthy growth of shrimp. Most of the commercial shrimp feeds are manufactured by pelletizers using a wide variety of plant and animal feedstuffs. Some of the common ingredients include fish and squid meal, lecithin, fish oil, cereal flour and other essential and propriety additives. The use of high-quality feed aids in maximizing profits, improving shrimp production and minimizing the environmental pollution generated by shrimp farming. However, the nutrient profile of shrimp feed depends on numerous factors, such as the stability of the feed, culture density, environmental conditions and feeding method. As a result, feed producers are undertaking research and development activities to enhan
Read more