Axisresearch
- Chemical & Materials
- IMARC GROUP
- 120 pages
- Published: 02-11-2019
The global neoprene market reached a volume of 384 kilotons in 2018. Neoprene is a synthetic rubber produced artificially by free radical polymerization of chloroprene. It was first developed in the 1930s, as an oil-resistant substitute for natural latex rubber with DuPont being the first to market the compound in 1931. Neoprene offers various advantages over natural rubber latex and other synthetic compounds. Neoprene provides a strong level of protection from oxidizing agents such as alcohols, oils, and acids and offers resistant to all acetonic solvents. It also provides high resistance to physical failures like cuts and is resistant to damage caused by abrasion, flexing and twisting. Neoprene also does not degrade in the presence of sun, ozone or weather and provides excellent adhesion to fabrics and metals. Moreover, Neoprene exhibits good chemical stability and maintains flexibility over a wide temperature range. Compared to natural rubber, neoprene is more gas permeation resistant and can tolerate higher temperatures: up to 200 degrees Fahrenheit (F). Even at such elevated temperatures, neoprene maintains its integrity, making it better suited to long-term use in high temperature applications compared to natural rubber. Neoprene’s polymer structure also allows it to be modified to create a material compound with a diverse range of chemical and physical properties, based on the product needs.
The global demand of neoprene has been increasing continuously over the last few years catalyzed by its superior physical and chemical properties. The automotive sector represents one of the biggest end users of neoprene. In the automotive industry neoprene is used in the manufacturing of tires, oil seals, power transmission belts, breaking and steering system components, hose covers, etc. Apart from the automotive industry, the growth in the construction sector is also catalyzing the demand of neoprene where it is used to provide electrical insulation; seals for windows, doors, and facades; elevator astragals; deviator pads; Highway and bridge seals, etc. Looking forward, we expect the global neoprene market to reach a volume of 498 kilotons by 2024 exhibiting a CAGR of around 4% during 2019-2024.
Market Summary:
Based on the manufacturing route, the market has been segmented into the butadiene route and acetylene route. The butadiene route currently accounts for a higher share.
Based on the grade, the market has been segmented into general-purpose grade neoprene, pre-crosslinked grade neoprene, sulfer-modified grade neoprene and slow crystallizing grade neoprene.
Based on the application, the market has been segmented into technical rubber, adhesives industry and latex industry. Technical rubber currently represents the biggest segment.
Based on the end-user, the market has been segmented into automotive, manufacturing, consumer goods and medical. The automotive segment currently represents the biggest end user.
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest region, accounting for the majority of the global market.
The competitive landscape of the market has also been examined with some of the key players being Denka, Lanxess, Showa Denko, Tosoh, Zenith Rubber, DowDuPont, GK GmbH Endlosband, Pidilite Industries Ltd., Covestro AG and Asahi Kasei Corporation.
Key Questions Answered in This Report:
- How has the global neoprene market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global neoprene industry?
- What is the breakup of the global neoprene market on the basis of manufacturing route?
- What is the breakup of the global neoprene market on the basis of grade?
- What is the breakup of the global neoprene market on the basis of application?
- What is the breakup of the global neoprene market on the basis of end-user?
- What are the various stages in the value chain of the global neoprene market?
- What are the key driving factors and challenges in the global neoprene market?
- What is the structure of the global neoprene market and who are the key players?
- What is the degree of competition in the global neoprene market?
- How is neoprene manufactured?
| 1. Preface 2. Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3. Executive Summary 4. Introduction 4.1 Overview 4.2 Properties 4.3 Key Industry Trends 5. Global Neoprene Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Manufacturing Route 5.4 Market Breakup by Grade 5.5 Market Breakup by Application 5.6 Market Breakup by End-User 5.7 Market Breakup by Region 5.8 Market Forecast 6. Market Breakup by Manufacturing Route 6.1 Butadiene Route 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Acetylene Route 6.2.1 Market Trends 6.2.2 Market Forecast 7. Market Breakup by Grade 7.1 General-Purpose Grade Neoprene 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Pre-Crosslinked Grade Neoprene 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Sulfer-Modified Grade Neoprene 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Slow Crystallizing Grade Neoprene 7.4.1 Market Trends 7.4.2 Market Forecast 8. Market Breakup by Application 8.1 Technical Rubber 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Adhesives Industry 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Latex Industry 8.3.1 Market Trends 8.3.2 Market Forecast 9. Market Breakup by End-User 9.1 Automotive 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Manufacturing 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Consumer Goods 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Medical 9.4.1 Market Trends 9.4.2 Market Forecast 10. Market Breakup by Region 10.1 Asia Pacific 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 North America 10.2.1 Market Trends 10.2.2 Market Forecast 10.3 Europe 10.3.1 Market Trends 10.3.2 Market Forecast 10.4 Middle East and Africa 10.4.1 Market Trends 10.4.2 Market Forecast 10.5 Latin America 10.5.1 Market Trends 10.5.2 Market Forecast 11. Global Neoprene Industry: SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12. Global Neoprene Industry: Value Chain Analysis 12.1 Overview 12.2 Research and Development 12.3 Raw Material Procurement 12.4 Manufacturing 12.5 Marketing 12.6 Distribution 12.7 End-Use 13. Global Neoprene Industry: Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14. Global Neoprene Industry: Price Analysis 14.1 Price Indicators 14.2 Price Structure 14.3 Margin Analysis 15. Neoprene Manufacturing Process 15.1 Product Overview 15.2 Raw Material Requirements 15.3 Manufacturing Process 15.4 Key Success and Risk Factors 16. Competitive Landscape 16.1 Market Structure 16.2 Key Players 16.3 Profiles of Key Players 16.3.1 Denka 16.3.2 Lanxess 16.3.3 Showa Denko 16.3.4 Tosoh 16.3.5 Zenith Rubber 16.3.6 DowDuPont 16.3.7 GK GmbH Endlosband 16.3.8 Pidilite Industries Ltd. 16.3.9 Covestro AG 16.3.10 Asahi Kasei Corporation |
Market Breakup by Manufacturing Route
- Butadiene Route
- Acetylene Route
Market Breakup by Grade
- General-Purpose Grade Neoprene
- Pre-Crosslinked Grade Neoprene
- Sulfer-Modified Grade Neoprene
- Slow Crystallizing Grade Neoprene
Market Breakup by Application
- Technical Rubber
- Adhesives Industry
- Latex Industry
Market Breakup by End-User
- Automotive
- Manufacturing
- Consumer Goods
- Medical
Market Breakup by Region
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America