Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1699419/
The neoprene market is segregated into foam, rubber sheet and latex in terms of product types. The foam product market is likely to generate the highest revenue closely followed by the latex segment. The neoprene latex segment shall grow at a moderate CAGR throughout the review period. Neoprene latexes are extensively used in the production of adhesives that are widely used in construction, automotive and electrical & electronic industry. Neoprene latexes also find its application in wetsuits and industrial gloves production. Moreover, the neoprene foam is extensively used in automotive industry and gaining traction in the construction sector owing to its excellent sound proofing and insulation properties.
Automotive industry was the leading revenue generating segment in 2018 closely followed by the electrical & electronics industry. Asia Pacific shall witness maximum gains followed by Europe and North America, whereas Latin American is projected to exhibit a significant CAGR over the forecast period.
Global Neoprene Market is forecast to exceed USD 2.2 billion; according to a new research report. Neoprene market will be largely driven by automotive industry in the coming years. It has huge demand for sheets and foams in automobile manufacturing. However, neoprene production involves tremendous technological and energy requirements which acts as a major entry barrier for new entrants in the market. Moreover, the raw materials for the production of neoprene such as butadiene and acetylene being petrochemical feedstocks are subjected to high level of price changes which further act as a barrier for the entry of small-scale players in the market. Thus, the players present have high level of competition within them to capture the global product demand which compels them to extensively invest in research & development activities to keep their regional hold intact. North America and Europe are major importers of the product and are considered to be the major revenue pockets for manufacturers such as Denka, Lanxess and TOSOH Corporation.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1699419/
The major companies operating in the global neoprene market include Shanxi Group, Denka Limited, TOSOH, Covestro AG, Sundow Polymers, Lanxess, BGK Endlosband, Zenith Rubber, Pidilite, TuHuang Chemical and others. The global neoprene market is a highly competitive market with five or six major manufacturers having a strong global presence. These proficient players are mostly present in Asia Pacific and possess the advantage of cheap availability of energy and labor.
Table of content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Neoprene Industry Insights
Chapter 4. Neoprene Market, Product by End-user
Chapter 5. Neoprene Market, By End-user
Chapter 6. Neoprene Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/neoprene-market
Related Report:
Global Neoprene Diving Socks Market Insights, Forecast to 2025
The global Neoprene Diving Socks market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. The objectives of this study are to define, segment, and project the size of the Neoprene Diving Socks market based on company, product type, end user and key regions.
https://www.marketstudyreport.com/reports/global-neoprene-diving-socks-market-insights-forecast-to-2025/?utm_source=RR-AN
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Market Study Report
Address: 4 North Main Street, Selbyville, Delaware 19975 USA
Phone: 1-302-273-0910
Website: https://www.marketstudyreport.com
Release ID: 502224