openPR Logo
Press release

4 notable trends driving neoprene market outlook

05-04-2021 06:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Neoprene Market

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 different types of gear. The vulcanization process has supported and improved the quality of neoprene by making it melt-resistant and more elastic.

Request for a sample copy of this report @

Today, the product is used across a plethora of applications ranging from soft exercise weight coatings, automobile tires, and wetsuits to sheathing bridge cables and bearing pads as well as for sealing in multi-story building floors. According to reports, the global neoprene market size could surpass USD 2.2 billion in total annual remuneration through 2025.

Expounded below are some of the factors likely to impact the industry in the coming years.

Increasing sale of automobiles

Improvement in disposable income over the years along with urbanization has fueled the sale of automobiles in various parts of the world. The OICA reported that more than 91 million vehicles had been sold across the world in 2019. An increase in vehicle production due to the presence of numerous automobile companies in most parts of the world will support the use of the material in the automobile industry.

Neoprene is used to make vehicle components as they are oil, solvent, abrasion, tear, and weather-resistant and are also fire and heatproof. The product may be found in door and window seals, belts, hose covers, vibration mounts, and shock absorber seals.

Asia Pacific as a leading producer of neoprene

With respect to geographical terrain, the Asia Pacific neoprene market has witnessed considerable gains over the years and was regarded as one of the largest producers of neoprene in the year 2018. The development in the regional product adoption is due to the constant developments in the automobile sector.

The wide presence of automobile giants in APAC has supported the sale and demand for the same over the years. Some of the brands include Toyota, Hyundai, Maruti Suzuki, Kia, Honda, and TATA Motors, to name a few. The advancements in the sector will support the regional market growth of neoprene. Japan, in particular, was regarded as one of the leading producers of the product in 2018 and will face strong competition from countries like India and China in the coming years.

High demand for neoprene latex

Concerning the type of product, the neoprene market is bifurcated into rubber sheet, foam, and latex. The foam product market is expected to generate the highest revenue followed by the latex segment. The neoprene latex segment shall grow at a considerable rate over the years as they are widely used in the production of adhesives used in the construction, electrical, electronics, and automobile sectors. Neoprene latex also finds use in wetsuits and the production of industrial gloves.

Request for customization @

Competitive market dynamics

Neoprene companies are constantly working towards increasing their product portfolio to increase their customer base and to expand their geographic reach. For instance, Germany based Covestro AG in September 2020, inked an agreement to acquire the Resins and Functional Materials arm from Royal DSM. Through the deal, Covestro aims at strengthening its sustainable and innovation-driven businesses.

Prominent neoprene companies include Sundow Polymers, Lanxess, Denka Limited, Shanxi Group, TOSOH, and Pidilite among various others. Attributing to the wide usage of the product in various end-user sectors, the global neoprene market is slated to witness considerable gains in the coming years.

However, it must be noted that the production of neoprene comprises of tremendous energy and technological requirements that act as a major obstacle for new entrants in the industry. Additionally, the raw materials required for the production of neoprene such as, acetylene and butadiene are subjected to superior levels of price changes which will act as an obstacle for the entry of small-scale players in the market.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

This release was published on openPR.

Permanent link to this press release:

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 4 notable trends driving neoprene market outlook here

News-ID: 2279810 • Views: 158

More Releases from Neoprene Market

Neoprene Market 2020 | Top Key Players - Denka Company Limited, TuHuang Chemical …
In the latest research report compiled by Global Market Insights, Inc., neoprene market size is likely to surpass US$2.28 bn by 2025. Neoprene market has become popular as a versatile elastomer and its physical and chemical attributes have made it chemical, heat, oil, and ozone resistant. Besides, tremendous elastic metal bonding ability has made it a trendy product in automotive and medical spaces. Application of neoprene in manufacturing of tires, protective gears,
Neoprene Market Report for Period 2018 till 2024 Tosoh, Showa Denko, Zenith Indu …
Global Neoprene market report emphasizes on detailed analysis of companies and manufacturers like Shanxi-Nairit Synthetic Rubber, Mitsui, Pidilite Industries, Acro Industries, Canada Rubber Group, AJ Rubber & Sponge, Martins Rubber Company, China Bluestar New Chemical Materials, Zenith Industrial Rubber Products, DuPont, Lanxess, Tosoh, Showa Denko, Denka, Asahi Kasei, Chongqing Changshou Chemical and Others. This market study includes data about global market statistics, market share, company performances, historical analysis 2012 to
Global Neoprene Market 2017 - DuPont, LANXESS, Tosoh, Showa Denko, Chongqing Cha …
Neoprene Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. Scope of the Report: This report focuses on the Neoprene in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Sample of Report @

All 4 Releases

More Releases for Request

Customer request satisfied
Awning manufacturer markilux looks back with satisfaction on the introductory year of its fabric collection 2018+ A year after markilux's new awning fabric collection was introduced into the market, the company has said it is completely satisfied with the feedback it has received from its customers. The more comprehensive layout of the collection, the large range of plain-coloured fabrics and false plains, as well as the variety of fabric patterns, have
Request Management Software Market Drivers, restraints, opportunities, and futur …
The global Request Management Software market is broadly analyzed in this report that sheds light on critical aspects such as the vendor landscape, competitive strategies, market dynamics, and regional analysis. The report helps readers to clearly understand the current and future status of the global Request Management Software market. The research study comes out as a compilation of useful guidelines for players to secure a position of strength in the
Tailor-made: Monitor Systems by Customer Request
Monitor Solution Provider Distec Implements Customer-specific Projects Distec GmbH - leading German specialist for TFT flat screens and system solutions for industrial and multimedia applications – has strengthened their specification for customer-specific monitor systems. This allows Distec to meet customer requests for increasingly high definition image quality with maximum contrast and large screen diagonals. The demand includes visually appealing design with the latest technologies for touch, PC, and communications interfaces. In
Click Here To Get Request Sample:
​In this report, the Global Permanent Magnet Contactors Market 2017 is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Permanent Magnet Contactors for these regions, from 2012
BAG: Dismissal at request of works council
It is possible for a works council to push through the dismissal of an employee, as demonstrated by a recent ruling of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, from March 28, 2017 (Az.: 2 AZR 551/16). The BAG held that if the courts grant the works council’s formal request vis-à-vis the employer to dismiss an employee, this fulfils the requirement for there to be an urgent operational need justifying the
Zeolite Global Market Industry Analysis And Forecast Request 2015 - 2020
Albany, New York, March 21, 2017: Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled “Zeolite Market - Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 - 2020”, Zeolites are micro-porous, aluminosilicate minerals which are primarily utilized commercially as adsorbents and catalysts by the chemical industry. Request for Sample Report: Zeolites can be found naturally as