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Global Neoprene Market: By Manufacturing Route: Butadiene Route, Acetylene Route; By Grade; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Price Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Neoprene Market Outlook

The global neoprene market size reached a volume of 400 kilotons in the year 2019. The neoprene market is further expected to grow at a CAGR of 4.5% between 2020 and 2025 to reach a volume of almost 521 kilotons by 2025.

The global neoprene market is driven by the booming construction industry across the globe. The Asia Pacific region is the leading regional neoprene market globally. The industry is aided by the increasing demand for wires and cables from power supply companies, which has accelerated the sales of neoprene. Further, burgeoning sales of luxury cars due to inflating disposable incomes are developing a positive outlook for the neoprene market.

 

Properties and Applications

Neoprene is referred to as a synthetic rubber that is produced artificially by free radical polymerization of chloroprene. It was initially developed in the 1930s, as an oil-resistant alternative to natural latex rubber and had DuPont as the first to market the compound in the year 1931. Neoprene offers several advantages over natural rubber latex as well as other synthetic compounds. It also provides a strong level of protection from oxidizing agents like oils, alcohols, and acids, and offers resistance to all acetonic solvents. 

The neoprene market is bifurcated on the basis of manufacturing route into:

  • Butadiene Route
  • Acetylene Route

Among all of these, the butadiene route presently represents the most preferred manufacturing route for neoprene.

On the basis of grade, the industry is divided into:

  • General-Purpose 
  • Pre-Crosslinked 
  • Sulphur-Modified 
  • Slow Crystallising 

Based on application, the industry is categorised into:

  • Technical Rubber
  • Adhesives Industry
  • Latex Industry

At present, neoprene is largely used in the production of technical rubber.

On the basis of end-uses, the neoprene market is segmented into:

  • Automotive  
  • Manufacturing
  • Consumer Goods
  • Medical

Out of these, the automotive segment is the largest end-use segment of neoprene.

The report also covers the regional neoprene markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The global neoprene market is driven by the continuously increasing demand for it due to its superior physical and chemical properties. The market is further aided by the expanding automotive sector, which is one of the largest end-users of neoprene. Within this industry, neoprene is extensively used in the manufacturing of oil seals, power transmission belts, tyres, hose covers, braking, and steering system components, among others. Besides the automotive industry, the increase in the construction sector is also providing an impetus to the growth of the neoprene market, where it is used to render electrical insulation, seals for doors, windows, and facades, deviator pads, elevator astragals, highway and bridge seals, among others.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global neoprene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Denka Corporation Limited
  • Zenith Rubber
  • BGK GmbH ENDLOSBAND
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Neoprene Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Neoprene Historical Market (2015-2019) 
    8.3    Global Neoprene Market Forecast (2020-2025)
    8.4    Global Neoprene Market by Manufacturing Route
        8.4.1    Butadiene Route
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Acetylene Route
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Neoprene Market by Grade
        8.5.1    General-Purpose Grade Neoprene
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Pre-Crosslinked Grade Neoprene
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Sulphur-Modified Grade Neoprene
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Slow Crystallizing Grade Neoprene
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
    8.6    Global Neoprene Market by Application
        8.6.1    Technical Rubber
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Adhesives Industry
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Latex Industry
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
    8.7    Global Neoprene Market by End Use
        8.7.1    Automotive  
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Manufacturing
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
        8.7.3    Consumer Goods
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2015-2019)
            8.7.3.3    Forecast Trend (2020-2025)
        8.7.4    Medical
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2015-2019)
            8.7.4.3    Forecast Trend (2020-2025)    
    8.8    Global Neoprene Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Market by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Market by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Market by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Market by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Market by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Manufacturing Process

    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operations Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Company Profiles
        14.3.1    Denka Corporation Limited
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Certifications
        14.3.2    Zenith Rubber
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Certifications
        14.3.3    BGK GmbH ENDLOSBAND
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Certifications
        14.3.4    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Neoprene Market: Key Industry Highlights, 2015 and 2025
2.    Global Neoprene Historical Market: Breakup by Manufacturing Route (Kilotons), 2015-2019
3.    Global Neoprene Market Forecast: Breakup by Manufacturing Route (Kilotons), 2020-2025
4.    Global Neoprene Historical Market: Breakup by Grade (Kilotons), 2015-2019
5.    Global Neoprene Market Forecast: Breakup by Grade (Kilotons), 2020-2025
6.    Global Neoprene Historical Market: Breakup by Application (Kilotons), 2015-2019
7.    Global Neoprene Market Forecast: Breakup by Application (Kilotons), 2020-2025
8.    Global Neoprene Historical Market: Breakup by End Use (Kilotons), 2015-2019
9.    Global Neoprene Market Forecast: Breakup by End Use (Kilotons), 2020-2025
10.    Global Neoprene Historical Market: Breakup by Region (Kilotons), 2015-2019
11.    Global Neoprene Market Forecast: Breakup by Region (Kilotons), 2020-2025
12.    North America Neoprene Historical Market: Breakup by Country (Kilotons), 2015-2019
13.    North America Neoprene Market Forecast: Breakup by Country (Kilotons), 2020-2025
14.    Europe Neoprene Historical Market: Breakup by Country (Kilotons), 2015-2019
15.    Europe Neoprene Market Forecast: Breakup by Country (Kilotons), 2020-2025
16.    Asia Pacific Neoprene Historical Market: Breakup by Country (Kilotons), 2015-2019
17.    Asia Pacific Neoprene Market Forecast: Breakup by Country (Kilotons), 2020-2025
18.    Latin America Neoprene Historical Market: Breakup by Country (Kilotons), 2015-2019
19.    Latin America Neoprene Market Forecast: Breakup by Country (Kilotons), 2020-2025
20.    Middle East and Africa Neoprene Historical Market: Breakup by Country (Kilotons), 2015-2019
21.    Middle East and Africa Neoprene Market Forecast: Breakup by Country (Kilotons), 2020-2025
22.    Global Neoprene Market Structure

Key Questions Answered in the Report

The global takaful market reached a value of USD 23.5 billion in 2019. 

The market is projected to grow at a CAGR of nearly 13% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 49 billion by 2025.

The major drivers of the industry include the rising disposable incomes, rising awareness among consumers, and significant growth opportunities and high market competition.

The ethical investment strategy and programme are expected to be the key trends guiding the growth of the industry.

Gulf Cooperation Council (GCC), Southeast Asia, and Africa, among others, are the leading regions in the industry, with the GCC accounting for the largest market share.

The major product in the industry is the general segment.

The leading players in the industry are JamaPunji (SECP), Qatar Islamic Insurance, SALAMA Islamic Arab Insurance Company, Takaful Brunei Darussalam, and Prudential BSN Takaful Berhad, among others.

Analyst Review

The global neoprene market attained a volume of 400 kilotons in 2019, driven by the expanding automotive sector. Aided by the increasing demand for wires and cables from power supply companies, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The industry is projected to reach a volume of almost 521 kilotons by 2025. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its grades, the global neoprene market can be segmented into general-purpose, pre-crosslinked, sulphur-modified, and slow crystallising grade neoprene. By manufacturing route, the butadiene route leads the industry. On the basis of application, the technical rubber sector accounts for the largest share in the global industry. Based on end-uses, the automotive segment leads the industry. The major regional markets for neoprene are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Denka Corporation Limited, Zenith Rubber, and BGK GmbH ENDLOSBAND, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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