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Global Neoprene Market Size, Share, Trends, Forecast : By Manufacturing Route: Butadiene Route, Acetylene Route; By Grade; By Application; By End Use; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Neoprene Market Outlook

The global neoprene market size reached a volume of 456.47 kilotons in 2023. The neoprene market is further expected to grow at a CAGR of 4.5% between 2024 and 2032 to reach a volume of almost 678.48 kilotons by 2032.

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.

Market Segmentation

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 market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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 United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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   Opportunities and Challenges in the Market
8   Global Neoprene Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Neoprene Historical Market (2018-2023)
   8.3   Global Neoprene Market Forecast (2024-2032)
   8.4   Global Neoprene Market by Manufacturing Route
       8.4.1   Butadiene Route
8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Acetylene Route
8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
   8.5   Global Neoprene Market by Grade
       8.5.1   General-Purpose Grade Neoprene
8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Pre-Crosslinked Grade Neoprene
8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Sulphur-Modified Grade Neoprene
8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Slow Crystallizing Grade Neoprene
8.5.4.1 Historical Trend (2018-2023)
           8.5.4.2 Forecast Trend (2024-2032)
   8.6   Global Neoprene Market by Application
       8.6.1   Technical Rubber
8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Adhesives Industry
8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Latex Industry
8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
   8.7   Global Neoprene Market by End Use
       8.7.1   Automotive
8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Manufacturing
8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Consumer Goods
8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Medical
8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
   8.8 Global Neoprene Market by Region
       8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Neoprene Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Neoprene Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Neoprene Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Neoprene Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Neoprene Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Denka Corporation Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Zenith Rubber
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 BGK GmbH ENDLOSBAND
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Others
19 Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Neoprene Market: Key Industry Highlights, 2018 and 2032
2.   Global Neoprene Historical Market: Breakup by Manufacturing Route (Kilotons), 2018-2023
3.   Global Neoprene Market Forecast: Breakup by Manufacturing Route (Kilotons), 2024-2032
4.   Global Neoprene Historical Market: Breakup by Grade (Kilotons), 2018-2023
5.   Global Neoprene Market Forecast: Breakup by Grade (Kilotons), 2024-2032
6.   Global Neoprene Historical Market: Breakup by Application (Kilotons), 2018-2023
7.   Global Neoprene Market Forecast: Breakup by Application (Kilotons), 2024-2032
8.   Global Neoprene Historical Market: Breakup by End Use (Kilotons), 2018-2023
9.   Global Neoprene Market Forecast: Breakup by End Use (Kilotons), 2024-2032
10.   Global Neoprene Historical Market: Breakup by Region (Kilotons), 2018-2023
11.   Global Neoprene Market Forecast: Breakup by Region (Kilotons), 2024-2032
12.   North America Neoprene Historical Market: Breakup by Country (Kilotons), 2018-2023
13.   North America Neoprene Market Forecast: Breakup by Country (Kilotons), 2024-2032
14.   Europe Neoprene Historical Market: Breakup by Country (Kilotons), 2018-2023
15.   Europe Neoprene Market Forecast: Breakup by Country (Kilotons), 2024-2032
16.   Asia Pacific Neoprene Historical Market: Breakup by Country (Kilotons), 2018-2023
17.   Asia Pacific Neoprene Market Forecast: Breakup by Country (Kilotons), 2024-2032
18.   Latin America Neoprene Historical Market: Breakup by Country (Kilotons), 2018-2023
19.   Latin America Neoprene Market Forecast: Breakup by Country (Kilotons), 2024-2032
20.   Middle East and Africa Neoprene Historical Market: Breakup by Country (Kilotons), 2018-2023
21.   Middle East and Africa Neoprene Market Forecast: Breakup by Country (Kilotons), 2024-2032
22.   Global Neoprene Market Structure

Key Questions Answered in the Report

What was the global neoprene market size in 2023?

The global neoprene market reached a volume of 456.47 kilotons in 2023.

What is the growth rate of the global neoprene market?

The market is projected to grow at a CAGR of nearly 4.5% in the forecast period of 2024-2032.

What is the forecast outlook of the global neoprene market for 2024-2032?

The market is estimated to reach a volume of almost 678.48 kilotons by 2032.

What are the major market drivers?

The major drivers of the market include rising disposable incomes, increasing population, rising demand for neoprene owing to its superior physical and chemical properties, and the expanding automotive sector.

What are the key trends of the global neoprene market?

The rising demand for wires and cables from power supply companies is expected to be a key trend guiding the growth of the market.

What are the major regional markets of neoprene, according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

What are the various manufacturing routes of neoprene considered in the market report?

The various manufacturing routes of neoprene considered in the market report include butadiene route and acetylene route.

What are the major grades of neoprene considered in the market report?

General-purpose grade neoprene, pre-crosslinked grade neoprene, sulphur-modified grade neoprene, and slow crystallising grade neoprene are the major grades considered in the market report.

What are the significant applications of neoprene?

The significant applications of neoprene are technical rubber, adhesives industry, and latex industry.

What are the different end-uses of neoprene?

The different end-uses of neoprene include automotive, manufacturing, consumer goods, and medical.

Who are the key market players, according to the report?

The leading players in the market are Denka Corporation Limited, Zenith Rubber, and BGK GmbH ENDLOSBAND, among others.

Analyst Review

The global neoprene market attained a volume of 456.47 kilotons in 2023, 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 2024-2032, growing at a CAGR of 4.5%. The industry is projected to reach volume of almost 678.48 kilotons by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on grade, the global market for neoprene can be segmented into general-purpose, pre-crosslinked, sulphur-modified, and slow crystallizing 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 use, the automotive sector 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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