Chloroprene rubber (hereinafter: CR; synonym: polychloroprene or sometimes Neoprene) is a synthetic rubber produced by polymerization of chloroprene. It is an artificially-made polymer acting as an elastomer. Chloroprene rubber exhibits good chemical stability, and maintains flexibility over a wide temperature range. It is used in a wide variety of applications, such as laptop sleeves, orthopedic braces (wrist, knee, etc.), electrical insulation, liquid and sheet applied elastomeric membranes or flashings, and automotive fanbelts.
Market Analysis and Insights: Global Chloroprene Rubber (CR) Market
Due to the COVID-19 pandemic, the global Chloroprene Rubber (CR) market size is estimated to be worth US$ 1746 million in 2022 and is forecast to a readjusted size of US$ 2196.5 million by 2028 with a CAGR of 3.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, CR122 accounting for % of the Chloroprene Rubber (CR) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Solvent-based Adhesive segment is altered to an % CAGR throughout this forecast period.
Global Chloroprene Rubber (CR) key players include Denka, ARLANXEO, COG, Tosoh Corporation, China National Bluestar, etc. Global top five tplayers hold a share about 75%.
Japan is the largest market, with a share about 40%, followed by Europe and North America, having a total share about 45 percent.
In terms of product, the segment of product includes CR122, CR232, CR2441 and CR2442, CR321 and CR 322. And in terms of application, the largest application is Adhesive, followed by Industrial rubber Products, etc.
Global Chloroprene Rubber (CR) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Chloroprene Rubber (CR) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
CR122
CR232
CR2441 and CR2442
CR321 and CR 322
Segment by Application
Solvent-based Adhesive
Latex type Adhesive
Industrial Rubber Products
Others
By Company
Denka
ARLANXEO
COG
Tosoh Corporation
China National Bluestar
Changshou Chemical
Pidilite
Showa Denko K.K
Nairit Plant
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina