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Neoprene Market

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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    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

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

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

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

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.

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

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

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

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.

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

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

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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