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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 (2016-2026); 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 2020. The neoprene market is further expected to grow at a CAGR of 4.5% between 2021 and 2026 to reach a volume of almost 521 kilotons by 2026.

 

Neoprene Market

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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.

 

Neoprene Market by Application

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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.

 

Neoprene Market by Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Manufacturing Route, Grade, Application, End Use, Region
Breakup by Manufacturing Route Butadiene Route, Acetylene Route
Breakup by Grade General-Purpose Grade Neoprene, Pre-Crosslinked Grade Neoprene, Sulphur-Modified Grade Neoprene, Slow Crystallizing Grade Neoprene
Breakup by Application Technical Rubber, Adhesives Industry, Latex Industry
Breakup by End Use Automotive, Manufacturing, Consumer Goods, Medical
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Denka Corporation Limited, Zenith Rubber, BGK GmbH ENDLOSBAND, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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 (2016-2020) 
    8.3    Global Neoprene Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Acetylene Route
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Pre-Crosslinked Grade Neoprene
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Sulphur-Modified Grade Neoprene
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Slow Crystallizing Grade Neoprene
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
    8.6    Global Neoprene Market by Application
        8.6.1    Technical Rubber
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Adhesives Industry
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Latex Industry
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Neoprene Market by End Use
        8.7.1    Automotive  
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Manufacturing
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Consumer Goods
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Medical
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)    
    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 (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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, 2016 and 2026
2.    Global Neoprene Historical Market: Breakup by Manufacturing Route (Kilotons), 2016-2020
3.    Global Neoprene Market Forecast: Breakup by Manufacturing Route (Kilotons), 2021-2026
4.    Global Neoprene Historical Market: Breakup by Grade (Kilotons), 2016-2020
5.    Global Neoprene Market Forecast: Breakup by Grade (Kilotons), 2021-2026
6.    Global Neoprene Historical Market: Breakup by Application (Kilotons), 2016-2020
7.    Global Neoprene Market Forecast: Breakup by Application (Kilotons), 2021-2026
8.    Global Neoprene Historical Market: Breakup by End Use (Kilotons), 2016-2020
9.    Global Neoprene Market Forecast: Breakup by End Use (Kilotons), 2021-2026
10.    Global Neoprene Historical Market: Breakup by Region (Kilotons), 2016-2020
11.    Global Neoprene Market Forecast: Breakup by Region (Kilotons), 2021-2026
12.    North America Neoprene Historical Market: Breakup by Country (Kilotons), 2016-2020
13.    North America Neoprene Market Forecast: Breakup by Country (Kilotons), 2021-2026
14.    Europe Neoprene Historical Market: Breakup by Country (Kilotons), 2016-2020
15.    Europe Neoprene Market Forecast: Breakup by Country (Kilotons), 2021-2026
16.    Asia Pacific Neoprene Historical Market: Breakup by Country (Kilotons), 2016-2020
17.    Asia Pacific Neoprene Market Forecast: Breakup by Country (Kilotons), 2021-2026
18.    Latin America Neoprene Historical Market: Breakup by Country (Kilotons), 2016-2020
19.    Latin America Neoprene Market Forecast: Breakup by Country (Kilotons), 2021-2026
20.    Middle East and Africa Neoprene Historical Market: Breakup by Country (Kilotons), 2016-2020
21.    Middle East and Africa Neoprene Market Forecast: Breakup by Country (Kilotons), 2021-2026
22.    Global Neoprene Market Structure

Key Questions Answered in the Report

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Analyst Review

The global neoprene market attained a volume of 400 kilotons in 2020, 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 2021-2026, growing at a CAGR of 4.5%. The industry is projected to reach a volume of almost 521 kilotons by 2026. 

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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