Dublin, April 18, 2024 (GLOBE NEWSWIRE) -- The "Chloroprene Rubber - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Chloroprene Rubber Market to Reach 385.8 Thousand Metric Tons by 2030
The global market for Chloroprene Rubber estimated at 284.1 Thousand Metric Tons in the year 2023, is projected to reach 385.8 Thousand Metric Tons by 2030, growing at a CAGR of 3.9% over the analysis period 2023-2030.
Chloroprene rubber, also known as Neoprene, finds application across various industries due to its unique properties. The types of chloroprene rubber and their production methods are outlined, alongside structural variations in polychloroprene grades, contributing to diverse applications.
Automobile End-Use, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach 121.9 Thousand Metric Tons by the end of the analysis period. Growth in the Construction end-use segment is estimated at 4.6% CAGR for the next 8-year period.
Competition among key players is analyzed, with insights into recent market activity and the competitive market presence categorized as strong, active, niche, or trivial for players worldwide in 2023. Additionally, the Chloroprene Rubber - Global Key Competitors Percentage Market Share in 2023 provides a snapshot of market dominance among major players.
The U.S. Market is Estimated at 44.5 Thousand Metric Tons, While China is Forecast to Grow at 4.9% CAGR
The global market prospects and outlook highlight China and the Asia-Pacific region as leaders in chloroprene rubber market growth, driven by increasing industrial activities.
The Chloroprene Rubber market in the U.S. is estimated at 44.5 Thousand Metric Tons in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of 109.3 Thousand Metric Tons by the year 2030 trailing a CAGR of 4.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
MARKET OVERVIEW
- An Introduction to Chloroprene Rubber
- Types of Chloroprene Rubber
- Production of Chloroprene Rubber
- Structural Variations in Polychloroprene Grades
- Global Market Prospects & Outlook
- China and Asia-Pacific Spearhead Growth in Chloroprene Rubber Market
- Competition
- Recent Market Activity
- Chloroprene Rubber - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
MARKET TRENDS & DRIVERS
- Adhesives Emerge As the Key Consumer of Chloroprene Rubber
- Chloroprene Rubber Vs Other Polymers in Contact Adhesive Formulations
- Global Adhesives Market Breakdown of Sales (in US$ Million) by Region/ Country for the Years 2018 and 2024
- Global Adhesives Market by Application (in %): 2023
- Solvent Based Adhesives Losing Ground to Green Technologies
- Chloroprene Rubber Demand to Benefit from Expanding Usage in Industrial Rubber Products
- Long-term Growth for CR Auto Components to Ride on Automotive Industry Dynamics
- World Automobile Production in Million Units for 2008-2022
- CR in Construction Applications: Long-term Growth Prospects Remain Promising
- Global Construction Spending (In US$ Trillion) for 2019, 2021 & 2023
- Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
- Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
- Chloroprene Demand in Wire & Cable Market: Favorable Growth Outlook
- Wire and Cable Market Presents Potential Growth Opportunity for Chloroprene Rubber: Global Insulated Wires and Cables Sales (in US$ Million) by Region/Country for the Years 2020 & 2027
- Infection Control & Allergy Prevention Properties Foster Demand for CR Disposable Gloves
- Neoprene Vs Latex & Nitrile Gloves
- Surgical Gloves: Shaped by Comfort, Fit & Barrier Protection
- Chloroprene Rubber Finds Use in Electronics Industry
- Global Consumer Electronics Industry (In US$ Billion) for 2019, 2020 & 2021
- Chloroprene Rubber Use as Adhesives Gains Traction in Furniture Industry
- Major Furniture Manufacturing Countries Worldwide: 2023
- Superior Properties to Drive Demand for Neoprene Fabrics
- As the All-Purpose Rubber, Neoprene Finds Widespread Use in Industrial & Commercial Applications
- Neoprene Rubber Sheets Present Compelling Opportunities for Comprehensive Spectrum of Industrial Applications
- Advanced Cure Systems Allow Use of Chloroprene Rubber for Undersea Sensors
- Use of Chloroprene Rubber Waste Aids Rubber Waste Recycling
- Chloroprene Rubber Sheet Rolls: Product Attributes Lead to Increasing Popularity
- Increasing Threat from Competing Materials
- Environmental Concerns Associated with Chloroprene Rubber
- Natural & Synthetic Rubber Market: A Review
- Global Synthetic Rubber Production in Million Metric Tons
- Typical End Uses of Major Synthetic Rubber Forms
- Select Synthetic Rubber Types in Various End-Use Applications
- Environmental Issues Concerning Manufacture of Rubber Products
FOCUS ON SELECT PLAYERS(Total 28 Featured)
- Tosoh Corporation
- Showa Denko K.K.
- Trelleborg AB
- Shanxi Synthetic Rubber Group Co., Ltd.
- Denka Co., Ltd.
- Jinsung Industrial Company Limited
- VIP Rubber Company
- BRP Manufacturing Company
- Tigers Polymer Corporation
- Zenith Industrial Rubber Products Pvt. Ltd.
- ARLANXEO Holding BV
- Chongqing Changshou Chemical Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/1cbwh8
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