Neoprene is a kind of synthetic rubber produced by the polymerization of chloroprene. Cross-linking carbon, hydrogen, and chlorine polymers give rise to neoprene. Neoprene has excellent chemical stability and remains flexible under different temperatures. It is resistant to weather, wear, aging, oil, water, heat, and chemical. As neoprene possess low oxidation rate and ozone resistance, the shelf life of neoprene based products increases. It is used either in the form of latex or solid rubber. Neoprene finds its applications in orthopedic braces, laptop sleeves, electrical insulation, and automotive fan belts.
The various benefits such as heat, ozone & electric resistance, preferred by neoprene, increases its demand in the construction and roofing industries. This factor drives the growth of the neoprene market. Besides this, High disposable income and demand for better structural properties, development of infrastructure, etc. are factors driving the growth of the neoprene market. However, volatile crude oil prices and the existence of substitutes, namely, natural & synthetic rubber restricts the fruitful development of the market. An upsurge in the production of automotive in emerging economies is anticipated to foster the growth of neoprene market in the near future.
The "Global Neoprene Market Analysis to 2027" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the neoprene market with detailed market segmentation by product, end user and geography. The global neoprene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading neoprene market players and offers key trends and opportunities in the market.
The global neoprene market is segmented on the basis of product, end user and geography. On the basis of product the market classify intoneoprene sponge or foam, neoprene rubber sheet and neoprene latex. As per end user the market is broken into automotive, electrical & electronics, building & construction, textiles and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The neoprene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the neoprene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the neoprene market in these regions.
The reports cover key developments in the neoprene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from neoprene market are anticipated to lucrative growth opportunities in the future with the rising demand for neoprene market in the global market. Below mentioned is the list of few companies engaged in the neoprene market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the neoprene market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- Asahi Kasei Chemicals Corporation
- Denka Company Limited
- Pidilite Industries Limited
- Shanxi Synthetic Rubber Group Co. Ltd
- Shanxi-Nairit Synthetic Rubber Co. Ltd
- Showa Denko K.K.
- Sundow Polymers Co. Ltd
- Tosoh Corporation
- Zenith Industrial Rubber Products Pvt. Ltd.
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