openPR Logo
Press release

Neoprene Market, By Component, By Authentication Type, By Function, By Application - Forecast 2024 by Top Key Players Dupont, Bayer AG, EniChem, Denki Kagaku Kogyo, TOSOH Corporation

02-07-2019 12:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Infinium Global Research

Neoprene Market, By Component, By Authentication Type,

The main objective of this report is to define, describe, and forecast the global “Neoprene” 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. According to report the global neoprene market is projected to grow at a CAGR of 6.3% over the forecast period of 2018-2024.

Download Sample Copy of Neoprene Market @ https://www.infiniumglobalresearch.com/reports/sample-request/1856

Mounting Demand from the electronics industry

Neoprene rubber parts are widely used for protective covering solutions in cable and wire systems, and modern electrical equipment due to its unique properties such as better heat, chemical, flame, ozone, and weathering resistance quality, than its natural rubber counterpart. Cable jackets, jacketing in lead press cured mining cables, and jacketing in heavy-duty cables are some of the applications that benefit from neoprene specifically. Especially, global cables & wires market is exhibiting strong growth, supported by demand from power supply companies, telecom operators, and other end-user industries such as building & construction and industrial segments. Hence, in medium and long-term neoprene market is expected to grow due to its heavy demand from electronic industry.

Automotive Segment to Dominate the Neoprene Market

The automotive industry is witnessing high demand from developing and emerging economies. The automotive industry uses a large chunk of neoprene based rubber products. Owing to the significant growth rate of the automotive industry annually, neoprene is expected to have a wide application in the manufacturing of hoses to withstand high pressure, oil and fuel hoses, and molded parts like bellows, axle boots, membranes, spring elements, dampeners, and windshield wipers. In addition, neoprene foam tape is commonly used in applications such as sealing and gasketing of electronics within automotive devices. These applications are expected to fuel the demand for neoprene in the automotive industry in the future for the long term.

Raw Material Price Fluctuations can hamper market growth

Changing the price of its raw material Chloroprene frequently is hampering the growth of this market. Chloroprene is a synthetic rubber, which is derived from petroleum by-product. Petroleum product’s price is highly volatile, hence its byproduct price also changes frequently. So, its volatile price hampers the profit margin of the manufacturer in long term.

Growing Technological Developments and Miniaturization in the Products

Growing technological developments and miniaturization of the automobile, electrical equipment, and mass transit industry is providing lots of new opportunities every day to this industry. As disposable income of the middle-class population is increasing rapidly they ware preferring their own automobile, home, modern electrical gadgets. All these growing demands from middle-class consumers and technological developments in several industries are boosting the growth of this market.

Buy Neoprene Market Research Report @ https://www.infiniumglobalresearch.com/reports/purchase/1856

Asia-Pacific to influence the Global neoprene market through 2018-2024

Asia-Pacific region holds the largest market share of the global neoprene market due to continuous growing demand in construction, automotive and other industrial segments in countries like China, and India, and Japan. Neoprene based product finds wide-ranging of applications in the construction sector such as window seals, customized window gaskets, bridge bearing pads and highway & bridge seals which will boost the growth of neoprene market in this region in coming years.  North America neoprene market size constitute a significant chunk of the overall business size in 2017.  Strong automotive demand in the North America region will trigger the product demand, which would help to boost the neoprene market in this region. According to OICA, North America automotive sales in 2012 was 2.3 million units which rose to 2.5 million units by the end of 2017. The trend is projected to continue in the forecast period which will drive overall product demand in the coming years.

About Us

Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

Contact Us:

Infinium Global Research
Tel: +1-800-638-0796
Email: info@infiniumglobalresearch.com
Website: https://www.infiniumglobalresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Neoprene Market, By Component, By Authentication Type, By Function, By Application - Forecast 2024 by Top Key Players Dupont, Bayer AG, EniChem, Denki Kagaku Kogyo, TOSOH Corporation here

News-ID: 1569053 • Views: 197

More Releases from Infinium Global Research

Genome Engineering Market: Global Industry Analysis, Trends, Market Size and For …
Our latest research report entitled Genome Engineering Market (by technology (clustered regularly interspaced short palindromic repeats, and other), application (cell line engineering, animal genetic engineering, and other) and end-user (biotechnology & pharmaceutical companies, academic & government research institutes and others)) provides complete and deep insights into the market dynamics and growth of Genome Engineering. Latest information on market risks, industry chain structure Genome Engineering cost structure and opportunities are offered
Computed Tomography Market 2018 : Global Industry Growth, Opportunities, Consump …
Our latest research report entitled Computed Tomography Market (by application (cardiovascular, oncology, diagnostics, neurology, and spinal application), types (low slice, medium slice, and high slice), end- user (diagnostic services, hospitals and clinics)) provides complete and deep insights into the market dynamics and growth of Computed Tomography. Latest information on market risks, industry chain structure Computed Tomography cost structure and opportunities are offered in this report. The past, present and forecast
Global Protein Ingredients Market – Invention Analysis, Size, Share, Evolution …
Our latest research report entitled Protein Ingredients Market (by source (animal source and plant source), application (food & beverage, cosmetics & personal care, infant formulations animal feed and pharmaceuticals)) provides complete and deep insights into the market dynamics and growth of Protein Ingredients. Latest information on market risks, industry chain structure Protein Ingredients cost structure and opportunities are offered in this report. The past, present and forecast market information will
Global Hospital Beds Market 2018 Industry Demand, Segment, Statistics Report 202 …
Our latest research report entitled Hospital Beds Market (by usage (general beds, pediatric beds, pressure relief beds, bariatric beds and birthing beds), types (electric beds, manual beds, semi-electric beds), treatment (acute care bed, long term care beds)) provides complete and deep insights into the market dynamics and growth of Hospital Beds. Latest information on market risks, industry chain structure Hospital Beds cost structure and opportunities are offered in this report.

All 5 Releases


More Releases for Neoprene

Global Neoprene Market Outlook, Opportunity and Demand Analysis, Forecast 2018-2 …
The latest report on Neoprene Market by Infinium Global Research gives complete coverage of the neoprene Market by type (normal linear grades, pre-crosslinked grades, sulfur-modified grades and slow crystallizing grades), end user (latex, elastomers, coatings, building & construction, automotive and electrical) in terms of key trends, Global Industry Analysis, Trends, Size, Share and Forecasts to 2024, market size, forecast and CAGR growth over the period of 2018 to 2024. In
Neoprene Market Overview by 2025: QY Research
Global Neoprene market report is first of its kind research report that covers the overview, summary, market dynamics, competitive analysis, and leading player’s various strategies to sustain in the global market. This report covers five top regions of the globe and countries within, which shows the status of regional development, consisting of market value, volume, size, and price data. Apart from this, the report also covers detail information about various
Global Neoprene Rubber Market 2018 - DuPont, LANXESS, Tosoh, Showa Denko
The statistical surveying information incorporated into the Neoprene Rubber report is the aftereffect of significant essential and optional research exercises. The report fragments the worldwide market for Neoprene Rubber based on makers, item compose, applications, and Region. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the worldwide Neoprene Rubber advertise covering key factors, for example, drivers and
Global Neoprene Market 2017- DuPont, Lanxess, Tosoh, Showa Denko, Denka
Apex Market Reports, recently published a detailed market research study focused on the "Neoprene Market" across the global, regional and country level. The report provides 360° analysis of "Neoprene Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Neoprene industry, and estimates the future trend of Neoprene market on the basis of
Global Neoprene Back Support Market Research Forecast Report 2017 - 2021
The report on the Neoprene Back Support market gives a meticulous introduction about the Neoprene Back Support market in the intial part of the report and further the information such as emerging trends, regional markets, application, policy analysis, end-users, and value chain structure are discussed. The report contains complete details about global the market, which comprises the past market scenario, the current situation of the market, and the future conditions
Global Neoprene Rubber Market 2017- DuPont, LANXESS , Tosoh, Showa Denko, Asahi …
The Global Neoprene Rubber Market 2017 examines the performance of the Neoprene Rubber market. It encloses an in-depth judgment of the Neoprene Rubber market state and the competitive landscape globally. This report analyzes the potential of Neoprene Rubber market in the present and the future prospects from various angles in detail. The Global Neoprene Rubber Market 2017 report includes Neoprene Rubber industry volume, market Share, market Trends, Neoprene Rubber Growth aspects.