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Asia Pacific Neoprene Market is anticipated to grow at the highest CAGR during the forecast period. Increasing infrastructural spending along with the propelling automotive sector in India, China and Japan is likely to boost Neoprene market size over the review years. Moreover, the presence of major neoprene manufacturing companies such as Denka Company Limited, TOSOH Corporation and Shanxi Synthetic Rubber Group Co Ltd is anticipated further augment the market growth.Global Neoprene Market size is forecast to exceed USD 2.28 billion by 2025. 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.
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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.
Neoprene is a synthetic rubber that exhibits excellent weather and thermal resistance. It also possesses high tensile strength which makes them ideal for the use in transmission belts, vibrating mounts, shock absorber seals, bridge seals, and anchor components among others. The growing adoption of neoprene in the end user industries is expected to generate substantial revenue during the assessment period. However, neoprene is a petroleum derivative and volatility in crude prices is likely to impede with the smooth growth for neoprene market over the forecast period.
On the basis of product, neoprene market has been segmented into neoprene foam/sponge, neoprene sheet and neoprene latex. Neoprene foam are widely used in aquatic sports gears; diving suits, life jackets, dry suits, and other outdoor applications such as elbow and knee pads, sports gloves, bicycle seats and others. In the building and construction industries neoprene foam is used for sound proofing and thermal insulating applications. Neoprene rubber sheets possess excellent weathering and ozone resistance which makes them suitable for wide range of applications in electronics as well as automotive industries. Neoprene latex is used in the manufacturing of industrial gloves and also in the production of neoprene latex adhesives which has varied applications in the automotive and building and construction industries.
Browse key industry insights spread across 182 pages with 271 market data tables & 24 figures & charts from the report, “Neoprene Market Size By Product (Neoprene Foam/Sponge, Neoprene Rubber Sheet, Neoprene Latex), By End-user (Automotive, Electrical & Electronics, Building & Construction, Textiles), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/neoprene-market
Among the various end use industries, the automotive, electrical and electronics and building and construction segment respectively are the major revenue pockets during the assessment period. The growing adoption rate of neoprene in these industries is estimated to generate substantial revenue review period.
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.
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Partial Table of Contents (ToC) of the report:
Chapter 4. Neoprene Market, Product by End-user
4.1. Global neoprene market product insights
4.2. Neoprene Foam/Sponge
4.2.1. Global market estimates and forecast, 2014 – 2025
4.2.2. Global market estimates and forecast, by end-user, 2014 – 2025
· Automotive
· Electrical and Electronics
· Building and Construction
· Textile
· Others
4.2.3. Global market estimates and forecast by region, 2014 – 2025
4.3. Neoprene Rubber Sheet
4.3.1. Global market estimates and forecast, 2014 – 2025
4.3.2. Global market estimates and forecast, by end-user, 2014 – 2025
· Automotive
· Electrical and Electronics
· Building and Construction
· Textile
· Others
4.3.3. Global market estimates and forecast by region, 2014 – 2025
4.4. Neoprene Latex
4.4.1. Global market estimates and forecast, 2014 - 2025
4.4.2. Global market estimates and forecast, by end-user, 2014 – 2025
· Automotive
· Electrical and Electronics
· Building and Construction
· Textile
· Others
4.4.3. Global market estimates and forecast by region, 2014 – 2025
Chapter 5. Neoprene Market, By End-user
5.1. Global Neoprene market end-user insights
5.2. Automotive
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast by region, 2014 - 2025
5.3. Electrical and Electronics
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast by region, 2014 – 2025
5.4. Building and Construction
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Market estimates and forecast by region, 2014 – 2025
5.5. Textile
5.5.1. Market estimates and forecast, 2014 - 2025
5.5.2. Market estimates and forecast by region, 2014 – 2025
5.6. Others
5.6.1. Market estimates and forecast, 2014 - 2025
5.6.2. Market estimates and forecast by region, 2014 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/neoprene-market
Browse Related Report:
Isoprene Rubber Latex (IRL) Market Size By Application (Medical Gloves, Medical Balloons & Catheters, Condoms, Adhesives), By End-user (Medical, Consumer Goods, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025
https://www.gminsights.com/industry-analysis/isoprene-rubber-latex-irl-market
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