Neoprene Market

Adroit Market Research
Global Neoprene Market
Drivers, Restraints, Potential Growth Opportunities,
Product Size, Application Estimation, Vendor
Competitive Landscape, Trends and Forecast 20182025
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Adroit Market Research
Neoprene Market Size, Status and Forecast 2018-2025
• Global Neoprene/ Polychloroprene (CR) Market size is expected to rise at a substantial CAGR of xx% which will in turn
benefit in attaining significant gains to the global neoprene market size by the end of forecast spell. Key factor driving the
neoprene market over the forecast spell is the rising demand for the product across the automotive as well as
construction business mostly in Asia-Pacific region.
• Moreover, neoprene is extensively used in manufacturing of several products for automotive industry such as shock
absorber seals, power transmission belts, breaking & steering system components, hose covers, CVJ boots, etc., this will
further boost the neoprene market growth. Furthermore, the region is witnessing several socio-economic aspects with
easy approval of loan, creating huge demand for automotive in the region. This high demand for automotive will
ultimately have positive impact over neoprene market over the forecast period. Likewise, growing urbanization and
industrialization attributed to rapidly rising construction business in Asia-Pacific region will also fuel the market over the
forecast period.
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Neoprene Market Size, Status and Forecast 2018-2025
• On the other hand, major restraint towards neoprene market growth is availability of its substitutes in the market like
polyurethane elastomers and thermoplastic elastomers. Moreover, strict environmental regulations can also hinder the
markets’ growth in upcoming years.
• Global Neoprene Rubber Market has been segmented by different product types, application and geography. Further, by
product type neoprene market is bifurcated into solid sheet and cellular sheet/sponge. In addition, solid neoprene sheet is a
solid product form that can chemical resistance as well as higher tensile strength similar to its springy counterparts. These
properties of the product makes it appropriate for several applications prone to abrasion. But, cellular or sponge neoprene
sheet has a foam like composition as compared to solid form of product. Moreover, this product type has some air pockets
that makes it extremely compressible and desirable for making gaskets, seals, etc. Furthermore, it is a very good insulator of
vibration, sound and can resist water.
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Neoprene Market Size, Status and Forecast 2018-2025
• Similarly application segment of the neoprene market is sub-segmented to medical, automotive, consumer, construction
and other comprising aerospace industry, sports, etc. Medical segment is expected to boost the market over the forecast
period owing to the compressible property of the neoprene, used for making material for knee, wrist and elbow support.
• Some of the Key players operating in neoprene market include Covestro AG, GK GmbH Endlosband, Asahi Kasei
Corporation, Lanxess, TOSOH Corporation, DowDuPont, Zenith Rubber and Pidilite Industries Ltd. Many of these players are
making significant investment in order to increase production capacity so that they can meet the constantly rising product
demand in their region.
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Neoprene Market Size, Status and Forecast 2018-2025
Key segments of Global Neoprene Market include:
• Product Type Segmentation
• Solid sheet
• Cellular sheet/sponge
• Application Segmentation
•
•
•
•
Medical
Automotive
Consumer
Construction
• Other comprising aerospace industry, sports, etc
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Neoprene Market Size, Status and Forecast 2018-2025
What to expect from the upcoming report on ‘Global Neoprene/ Polychloroprene (CR) Market’:
• - Analysis about future prospects as well as Global Neoprene/ Polychloroprene (CR) Market trends market over the forecast
period (2018-2025)
• - Information regarding technological progressions as well as innovations taking place in developing as well as developed
economies.
• - Supportive initiatives by government likely to influence the market dynamics.
• - Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
• - In-depth analysis of different market segmentations including regional segmentations, applications and product types.
• - Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
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Neoprene Market Size, Status and Forecast 2018-2025
Who should buy this report?
- Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations,
regulatory authorities, policymakers, researchers, strategy managers and academic institutions looking for insights into the
market to determine future strategies.
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neoprene market growth is availability of its substitutes in the market like polyurethane elastomers and thermoplastic elastomers. Moreover, strict environmental regulations can also hinder the markets’ growth in upcoming years.