Chloroprene Rubber Market Size, Growth, Share | Industry Trends 2022-2030
The global chloroprene rubber market size is expected to be worth around US$ 5.2 billion by 2030, according to a new report by Vision Research Reports.
The global chloroprene rubber market size was valued at US$ 1.20 Billion in 2020 and is anticipated to grow at a CAGR of 5.6% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 5.2 billion by 2030 |
| Growth Rate | CAGR of 5.6% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Asahi Tec Corp.; MDC Industries; Nordson Corp.; ZARYS International Group; Hitachi Cable America, Inc.; NewAge Industries, Inc.; TE Connectivity; Freudenberg & Co. KG; Spectrum Plastics Group; ATAG SpA; Saint-Gobain; Bentec Medical; Trelleborg AB; MicroLumen, Inc.; Optinova; Vanguard Products Corp. |
Growth Factors
The growth of this market is directly proportional to the growth of the automotive and construction industries. The increased usage of chloroprene rubber pads in reinforced concrete structures in the construction sector is expected to boost the market growth over the forecast period. The use of optical fiber cables in the telecommunication industry is expected to drive the market in cable jackets. Due to its various characteristics, including low weight, dielectric capability, high-temperature resistance, and high impact quality, the electrical & electronic industry has an increasing demand for chloroprene rubber.
By Application Analysis
The automotive application segment dominated the market in 2020 and accounted for more than 35% of the overall revenue share. Chloroprene rubber exhibits toughness and excellent resistance to abrasion, chemicals, fuels, and flame, which make it suitable to manufacture tire sidewalls, O rings, fan belts, and automotive trims.
The product is also widely used in the healthcare sector due to its good tensile strength and resistance to chemicals, which is expected to stimulate its demand for medical gloves production.
Rapid urbanization has resulted in the emergence of new trends in the clothing sector. This is expected to drive the market for textiles. The evenly distributed gas bubbles provide the thermal insulation property in chloroprene rubber.
By Regional Analysis
Asia Pacific was the dominant regional market in 2020 and accounted for more than 50.0% of the overall market revenue. It is also estimated to register the fastest CAGR over the forecast period.
Chloroprene rubber exhibits good chemical resistance and excellent tensile strength and is highly durable, which drive its demand in the medical application. The rise in hospitalization cases due to the COVID-19 outbreak is expected to drive the demand for PPE kits globally.
Key Players
- Tosoh Corp.
- Denka Company Ltd.
- ARLANXEO
- Sedo Chemicals Neoprene GmbH
- QingDao Nova Rubber
Market Segmentation
- Application
- Automotive
- Electrical & Electronics
- Construction
- Textile
- Others
- Region
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Chloroprene Rubber Market, By Application
7.1. Chloroprene Rubber Market, by Application, 2021-2030
7.1.1. Automotive
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Electrical & Electronics
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Construction
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Textile
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Chloroprene Rubber Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Application (2017-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Application (2017-2030)
Chapter 9. Company Profiles
9.1. Tosoh Corp.
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Denka Company Ltd.
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. ARLANXEO
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Sedo Chemicals Neoprene GmbH
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. QingDao Nova Rubber
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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