Neoprene Market By Product (Neoprene Sponge / Foam, Neoprene Rubber Sheet, Neoprene Latex); By Manufacturing Route (Butadiene Route And Acetylene Route); By Grade (General-Purpose Grade Neoprene, Pre-Crosslinked Grade Neoprene, Sulfur-Modified Grade Neoprene And Slow Crystallizing Grade Neoprene); By End User (Automotive, Electrical And Electronics, Building And Construction, Consumer Goods, Medical And Others) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
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Product Overview
Neoprene is a synthetic rubber product manufactured by polymerization of chloroprene and it is also known as polychloroprene. Neoprene is resistant to oil-water and solvents and possess good chemical stability and remains flexible over a wide range of temperature. Neoprene has a low oxidation rate and ozone resistance which makes neoprene products durable. It possesses high tensile strength which makes them suitable to use in vibrating mounts, transmission belts, shock absorbers seals, anchor components, and bridge seals. It is widely used in diving suits, sports gear, life jackets, knee and elbow pads, sports gloves, and bicycle seats. Neoprene is used in an array of applications such as medical, automotive building and construction, aquatic, and electronics.
Market Highlights
Global Neoprene Market is expected to project a notable CAGR in 2030.
Global Neoprene Market to surpass USD XX.X billion by 2030 from USD XX. XX billion in 2019 at a CAGR of XX.X% in the coming years, i.e., 2020-30. The market is estimated to grow owing to various advantages offered by the neoprene including chemical and thermal resistance, quick-drying, high stretchability, and enhanced comfort. Furthermore, the increasing application of neoprene in the construction and automobile industry is driving market growth. Also, mounting demand for cables and wires by power supply companies is expected to proliferate in the market in the coming years.
Recent highlights in the Global Neoprene Market
In April 2019, MoArmouz announced the launch of their new Embossed Neoprene Sleeve for laptops. These new sleeves consist of neoprene and contain foam inside and have cushion padding outside. They are available in different colors such as pink, light blue, and black. It is very useful for laptops, chargers, smartphones, chargers and other essentials. It is designed in such a way so that it can protect the devices from scratches and dust.
In June 2018, Subsea Supplies announced that they have received license from Eaton so that they can start using their Burton Subsea Product Line. Now, they can start the production of connector assemblies and Burton cable. With this, they will provide better services and products to their customer.
Global Neoprene Market: Segments
Neoprene rubber sheet segment to grow with the highest CAGR during 2020-30
Global Neoprene market is segmented by product into Neoprene Sponge/Foam, Neoprene Rubber Sheet, and Neoprene Latex. The Neoprene Rubber Sheet segment held the largest market share of XX.X% in the year 2019. Neoprene Rubber Sheets are widely used in building insulations, gaskets, seals, and liners in electrical, construction, and automotive industries owing to their exceptional properties including abrasion resistance, low compression set, and resistance to ozone and ultraviolet radiations.
Automotive segment to grow with the highest CAGR during 2020-30
Global Neoprene market is divided by application into Automotive, Electrical, and Electronics, Building and Construction, Consumer Goods, Medical and Others. Automotive segment held the largest market share of XX.X% in the year 2019 and will continue to dominate the market in the coming years due to its tensile strength, thermal resistance, and durability. Neoprene is utilized in a wide array of products in automotive such as oil and fuel and molded parts like membranes, dampers, axle boots, and windshield wipers.
Market Dynamics
Drivers
Growing application of neoprene in automobiles
Surge in automobile production due to the inflating disposable income is estimated to fuel the demand for neoprene. Neoprene finds its application in the automotive industry to manufacture tires, CVJ boots, vibration mounts, hose covers, oil seals, steering and braking system, and power transmission belts. Furthermore, neoprene seat covers provide protection against dirt, scratches, and moisture. Since neoprene is resistant to temperature it can shield leather seats from the damaging effects of sunlight.
Boom in construction activities
With the rising urbanization and increasing population, there is a rapid growth in the number of building and construction activities which is projected to drive the growth of the market. Neoprene is employed in the construction industry for electrical wiring, fireproof insulation, and expansion joints in civil engineering applications. Additionally, it is used in cable coverings, window gaskets, and roof waterproofing membranes owing to superior durability, resilience, and waterproofing properties.
Restraint
Fluctuating prices of raw material
Neoprene is a synthetic rubber that is produced by petroleum feedstock. Hence the fluctuations in the price of crude oil may restrict the growth of the market in the coming years. Besides, the availability of substitutes like silicone rubber is likely to hamper the neoprene market.
Global Neoprene Market: Key Players
Denka company limited
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Sundow Polymers Co. Ltd,
Covestro AG
Lanxess.
TOSOH Corporation
Zenith Rubber
BGK GmbH Endlosband
Pidilite Industries
The 3M Company
Huang Chemical Co
Shanxi Synthetic Rubber Group Co Ltd
Other Prominent Players
Global Neoprene Market: Regions
Global Neoprene Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Neoprene Market in Asia Pacific held the largest market share of XX.X% in the year 2019. Asia Pacific will continue to dominate the global Neoprene market due to the growing construction activities and increasing infrastructural investment, propelling the automotive sector. In addition, the presence of major neoprene manufactures in the region is predicted to further strengthen the market.
Global Neoprene Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Neoprene Market report also contains analysis on:
Neoprene Market Segments:
By Product
Neoprene Sponge/Foam
Neoprene Rubber Sheet
Neoprene Latex
By Manufacturing Route
Butadiene Route
Acetylene Route
By Grade
General-Purpose Grade Neoprene
Pre-Crosslinked Grade Neoprene
Sulfur-Modified Grade Neoprene
Slow Crystallizing Grade Neoprene
By End-User
Automotive,
Electrical and Electronics
Building and Construction
Consumer Goods
Medical
Others.
Neoprene Market Dynamics
Neoprene Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global Neoprene Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Neoprene Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Neoprene Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Neoprene Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product: Market Share (2020-2030F)
12.2.1. Neoprene Sponge/Foam, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Neoprene Rubber Sheet, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Neoprene Latex, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Manufacturing Route: Market Share (2020-2030F)
12.3.1. Butadiene Route, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2 Acetylene Route, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Grade: Market Share (2020-2030F)
12.4.1. General-Purpose Grade Neoprene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Pre-Crosslinked Grade Neoprene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3 Sulfur-Modified Grade Neoprene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12..4.4 Slow Crystallizing Grade Neoprene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By End User: Market Share (2020-2030F)
12.5.1. Automotive, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2 Electrical and Electronics, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.3. Building and Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.4. Consumer Goods, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.5. Medical, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.6 Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. Company Profile
13.1. Denka Company Limited
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Sundow Polymers Co. Ltd,
13.3. Covestro AG
13.4. Lanxess.
13.5. TOSOH Corporation
13.6. Zenith Rubber
13.7. BGK GmbH Endlosband
13.8. Pidilite Industries
13.9. The 3M Company
13.10. TuHuang Chemical Co
13.11. Shanxi Synthetic Rubber Group Co Ltd
13.12. Other Prominent Players
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Research Methodology:
Neoprene Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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