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Showing posts with the label Neoprene Market trends

Global Neoprene Market: Rising Demand from the Automotive Industry Supporting Growth

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Neoprene , also known as chloroprene rubber or polychloroprene, is a type of foamed synthetic rubber made through the polymerization of chloroprene. It exhibits a high level of chemical inertness, mechanical strength, low flammability, along with superior thermal, oil, water, and solvent resistance. On account of these beneficial properties, neoprene can be used as a raw material in the production of adhesives, conveyor belts, molded goods and cables. When compared to natural rubber, neoprene offers better gas permeation resistant and has better tolerance towards high temperatures up to 200 degrees Fahrenheit (F). Moreover, it is easier to produce and is preferred in applications where improved material properties are required. Neoprene first came into existence during the 1930s when an increase in the demand for natural rubber led to the discovery of its synthetic equivalent. Wallace Carothers, a chemist in the fundamental research group of DuPont, discovered neoprene during a...

Neoprene Market 2019 | Enhancing Huge Growth and Latest Trends by Top Players

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A new research report by IMARC Group, titled “ Neoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, estimates that the global neoprene market reached a volume of 384 kilotons in 2018. First manufactured by DuPont in 1930, neoprene is a synthetic rubber that is produced by the polymerization of chloroprene. Highly resistant to water, oils, solvents and heat, neoprene is chemically stable and flexible over a wide range of temperatures. Unlike natural rubber, neoprene maintains its integrity even at extremely high temperatures, which helps in increasing the shelf life of neoprene-based products. In addition, it does not degrade when exposed to sunlight and provides excellent adhesion to fabrics and metals. As a result, neoprene is employed in a variety of products such as laptop sleeves, orthopedic braces, electrical insulation, hoses, belts, springs, flexible mounts, gaskets, adhesives and automotive fan belts.   ...