Chloroprene rubber is a kind of synthetic rubber that is famous by tits trade name neoprene. The chloroprene rubber has a good balance of properties such as good chemical stability and it can be used over a wide range of temperatures. It is recognized as a high gum vulcanizates strength that arises from the stained induced crystallization. It also has excellent wear resistance and thermal resistance. It is widely used in coatings, electric wires, hoses & belts of motor vehicle parts.
MARKET DYNAMICS
The rise in demand for chloroprene rubber from the rubber industry drives the market for chloroprene rubber. Besides this, the application of chloroprene rubber in molded goods, conveyor belts, transmission belts and cables also drives the growth of chloroprene rubber market. However, the wide scale availability of substitutes like nitrile rubber and styrene-butadiene rubber restricts the fruitful development of the chloroprene rubber market. The rising demand for chloroprene rubber from the developing regions of Asia Pacific, Latin America and Eastern Europe is expected to boost the growth of the chloroprene rubber market in the near future.
MARKET SCOPE
The "Global Chloroprene Rubber Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chloroprene rubber market with detailed market segmentation by application and geography. The global chloroprene rubber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chloroprene rubber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global chloroprene rubber market is segmented on the basis of application and end use industry. On the basis of application, the chloroprene rubber market is segmented into coating & adhesives, wires & cables, hoses & tubes and others. As per end use industry the market is broken into automotive, construction, furniture, electronics, textiles and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chloroprene rubber market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chloroprene rubber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chloroprene rubber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chloroprene rubber market in these regions.
MARKET PLAYERS
The reports cover key developments in the chloroprene rubber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chloroprene rubber market are anticipated to lucrative growth opportunities in the future with the rising demand for chloroprene rubber market in the global market. Below mentioned is the list of few companies engaged in the chloroprene rubber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chloroprene rubber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arlanxeo
- BRP Manufacturing Co.
- Chongqing Changshou Chemical Co., Ltd.
- Denka Company Limited
- Lanxess AG
- RADO Gummi GmbH
- Shanxi Synthetic Rubber Group Co. Ltd.
- Showa Denko K. K
- Tosoh Corporation
- Zenith Rubber
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