Chloroprene Rubber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Chloroprene Rubber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Chloroprene is a colorless fluid which is utilized in the form of a monomer to produce polymer polychloroprene. Polychloroprene is a kind of synthetic rubber. The primary properties of this synthetic rubber are high flexibility, solvent resistance, heat resistance, perspiration, bond to various substrates, and weather aging. Chloroprene rubber is used in a wide range of applications such as the rubber and adhesive industries. Chloroprene rubber is employed to manufacture dipped articles such as gloves, to improve bitumen quality, and to manufacture molded foam.

The global chloroprene market has witnessed significant expansion due to increase in demand from the rubber industry, as raw material for adhesives and for various latex applications. Major demand for chloroprene rubber is witnessed from China, Japan, and the U.S. China, specifically, has a high consumption of chloroprene rubber and its utilization has increased due to the rise in number of manufacturing industries in the country. Developing countries in Latin America, Asia Pacific, and Eastern Europe witnessed robust demand for chloroprene. Economic growth, increasing automotive output, and emergence of manufacturing industries in these regions have led to the higher consumption of chloroprene rubber.

In terms of application, the chloroprene rubber market can be segmented into industrial maintenance, automotive, food industries, sealing and bearings. Chloroprene rubber is employed extensively in industrial applications as hoses and belts in automotives, as architectural rubber products, and also as general industrial materials. Earlier the application of chloroprene rubber was limited to electrical wires and adhesives; however, the market has changed dramatically and currently experiences considerable demand from automobile and industrial sectors.

In terms of geography, the global chloroprene rubber market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is estimated to be a significant and rapidly expanding market for chloroprene rubber due to consistent demand from China in diverse automobile and industrial component applications. The market in North America and Europe is anticipated to expand due to the increase in population and rapid industrialization. New technology development for replacing smoked rubber suppression with vulcanization in the chloroprene manufacturing process has also led to the expansion of the North America and Europe market.

Key players operating in the global chloroprene rubber market include Denka Group, Asahi Kasei Chemicals Corporation, DuPont Performance Elastomers, Dow Chemical Company, Showa Denko K.K., Lanxess AG, Chongqing Longevity Salt and Chemical Co. Ltd., Tosoh Corporation, Nairit Plant CJSC, Zenith Industrial Rubber Products Pvt. Ltd., and Shanxi Synthetic Rubber Group Co. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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