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:

More Releases from Infinium Global Research

Global Aircraft Tyre Market Size Worth USD 2478.09 Million By 2030 | CAGR 5.47%: Infinium Global Research
Global Aircraft Tyre Market Size Worth USD 2478.09 Million By 2030 | CAGR 5.47%: …
Infinium Global Research, a prominent market research firm, has released an in-depth report providing a comprehensive analysis of the Global Aircraft Tyre Market. The report dives into segments and sub-segments, highlighting both global trends and regional insights that significantly impact this dynamic industry. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/1058 Steady Market Growth The global aircraft tyre market, valued at USD 1634.41 million in 2022, is anticipated to surge to
Global Automotive Interior Leather Market to Hit USD 61.6 Billion, Globally By 2030 at 6.50% CAGR | Infinium Global Research
Global Automotive Interior Leather Market to Hit USD 61.6 Billion, Globally By 2 …
Infinium Global Research, a leading research firm, has published an extensive report providing a detailed analysis of the Global Automotive Interior Leather Market. The report offers comprehensive insights into segments and sub-segments, highlighting both global trends and regional dynamics shaping this thriving industry. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/1266 Steady Market Growth The global automotive interior leather market, valued at USD 30.82 billion in 2022, is projected to skyrocket
Global Automatic Car Wash Market Growing at a CAGR of 4.01% to Reach USD 5.82 Billion By 2030 | Infinium Global Research
Global Automatic Car Wash Market Growing at a CAGR of 4.01% to Reach USD 5.82 Bi …
Infinium Global Research, a leading authority in market analysis, has released an extensive report offering a deep dive into the Global Automatic Car Wash Market. The report presents an in-depth analysis of segments and sub-segments, shedding light on both global trends and regional dynamics impacting this burgeoning industry. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/1295 Robust Market Growth The automatic car wash market, valued at USD 4.04 billion
Global Automotive Logistics Market is Anticipated to Reach USD 363.03 Billion at a Robust CAGR of 5.51% Between 2023 to 2030 | Infinium Global Research
Global Automotive Logistics Market is Anticipated to Reach USD 363.03 Billion at …
Infinium Global Research, a leading market research firm, has released an expansive report offering an in-depth analysis of the Global Automotive Logistics Market. The report delves into crucial segments and sub-segments, shedding light on both global and regional dynamics impacting this intricate industry. The comprehensive study reveals the profound impact of drivers, restraints, and macro indicators on the automotive logistics market. Providing a comprehensive outlook, the report highlights evolving trends, forecasts,

All 5 Releases


More Releases for Neoprene

Latest Neoprene Foam Market 2022 | Detailed Report
The Neoprene Foam market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Neoprene Foam report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period. The Neoprene Foam research report also provides insights of different regions that are
Global Neoprene Market | Global Neoprene Industry: Ken Research
Neoprene is a synthetic rubber product produced by polymerization of chloroprene and it is also well-known as polychloroprene. Neoprene is resilient to oil-water and solvents and possesses good chemical stability and remains supple over a wide variety of temperature. Neoprene has a low oxidation rate and ozone resistance which makes neoprene products robust. It enjoys high tensile strength which makes them appropriate to utilize in vibrating mounts, transmission belts, shock
4 notable trends driving neoprene market outlook
The global neoprene market has witnessed significant gains over the years due to the constant developments in the automobile and construction sectors. Neoprene is regarded as one of the most popularly adopted synthetic-rubber products as they are highly resistant to water, solvents, heat, and oils as compared to natural rubbers, making the product extremely significant. The material finds usage in the manufacturing process of fan belts, gaskets for vehicles, seals, and
Neoprene Market to amass Appreciable Gains by 2027
Zion Market Research analysts forecast the latest report on "Neoprene Market is set for a Rapid Growth and is expected to Reach USD 2.65 Billion by 2026", according to their latest report the Neoprene Market report covers the overall and all-inclusive analysis of the Neoprene Market with all its factors that have an impact on market growth. The Neoprene Market's complete outline is crystal clear penned down in the global
Neoprene Market to gain significant revenue through 2025
According to the report published by Global Market Insights Inc., the Neoprene Market was valued at $1.95 billion in 2018 and is anticipated to hit $2.28 billion by 2025, registering CAGR of 2.3% from 2019 to 2025. The report presents a comprehensive study of the market size & estimations, major investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends. Booming automotive and construction sector across the
Neoprene Market Growth Analysis By Top Key Players
The “Neoprene Market is set for a Rapid Growth and is expected to Reach USD 2.65 Billion by 2026” report has been added to Zion Market Research offering. (Sample Copy Here) The global Neoprene Market report offers the important data related to the global Neoprene Market along with dominant players in the market. It highlights the information about the industries and market, technologies, and abilities over the trends and