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Chloroprene Rubber Market Size & Share, Forecast 2017-2025: Development Trends and Future Growth
The main objective of this report is to define, describe, and forecast the global “Chloroprene Rubber” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Chloroprene is a colorless fluid which is utilized in the form of a monomer to produce polymer polychloroprene. Polychloroprene is a kind of synthetic rubber. The primary properties of this synthetic rubber are high flexibility, solvent resistance, heat resistance, perspiration, bond to various substrates, and weather aging. Chloroprene rubber is used in a wide range of applications such as the rubber and adhesive industries. Chloroprene rubber is employed to manufacture dipped articles such as gloves, to improve bitumen quality, and to manufacture molded foam.
The global chloroprene market has witnessed significant expansion due to increase in demand from the rubber industry, as raw material for adhesives and for various latex applications. Major demand for chloroprene rubber is witnessed from China, Japan, and the U.S. China, specifically, has a high consumption of chloroprene rubber and its utilization has increased due to the rise in number of manufacturing industries in the country. Developing countries in Latin America, Asia Pacific, and Eastern Europe witnessed robust demand for chloroprene. Economic growth, increasing automotive output, and emergence of manufacturing industries in these regions have led to the higher consumption of chloroprene rubber.
In terms of application, the chloroprene rubber market can be segmented into industrial maintenance, automotive, food industries, sealing and bearings. Chloroprene rubber is employed extensively in industrial applications as hoses and belts in automotives, as architectural rubber products, and also as general industrial materials. Earlier the application of chloroprene rubber was limited to electrical wires and adhesives; however, the market has changed dramatically and currently experiences considerable demand from automobile and industrial sectors.
In terms of geography, the global chloroprene rubber market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is estimated to be a significant and rapidly expanding market for chloroprene rubber due to consistent demand from China in diverse automobile and industrial component applications. The market in North America and Europe is anticipated to expand due to the increase in population and rapid industrialization. New technology development for replacing smoked rubber suppression with vulcanization in the chloroprene manufacturing process has also led to the expansion of the North America and Europe market.
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Key players operating in the global chloroprene rubber market include Denka Group, Asahi Kasei Chemicals Corporation, DuPont Performance Elastomers, Dow Chemical Company, Showa Denko K.K., Lanxess AG, Chongqing Longevity Salt and Chemical Co. Ltd., Tosoh Corporation, Nairit Plant CJSC, Zenith Industrial Rubber Products Pvt. Ltd., and Shanxi Synthetic Rubber Group Co. Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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