Chloroprene Rubber Market Key Findings by 2031
Chloroprene rubber is a kind of synthetic rubber that is famous by tits trade name neoprene. The chloroprene rubber has a good balance of properties such as good chemical stability and it can be used over a wide range of temperatures. It is recognized as a high gum vulcanizates strength that arises from the stained induced crystallization. It also has excellent wear resistance and thermal resistance. It is widely used in coatings, electric wires, hoses & belts of motor vehicle parts.
MARKET DYNAMICS
The rise in demand for chloroprene rubber from the rubber industry drives the market for chloroprene rubber. Besides this, the application of chloroprene rubber in molded goods, conveyor belts, transmission belts and cables also drives the growth of chloroprene rubber market. However, the wide scale availability of substitutes like nitrile rubber and styrene-butadiene rubber restricts the fruitful development of the chloroprene rubber market. The rising demand for chloroprene rubber from the developing regions of Asia Pacific, Latin America and Eastern Europe is expected to boost the growth of the chloroprene rubber market in the near future.
MARKET SCOPE
The "Global Chloroprene Rubber Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chloroprene rubber market with detailed market segmentation by application and geography. The global chloroprene rubber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chloroprene rubber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global chloroprene rubber market is segmented on the basis of application and end use industry. On the basis of application, the chloroprene rubber market is segmented into coating & adhesives, wires & cables, hoses & tubes and others. As per end use industry the market is broken into automotive, construction, furniture, electronics, textiles and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chloroprene rubber market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chloroprene rubber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chloroprene rubber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chloroprene rubber market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chloroprene rubber market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chloroprene rubber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chloroprene rubber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chloroprene rubber market in these regions.
MARKET PLAYERS
The reports cover key developments in the chloroprene rubber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chloroprene rubber market are anticipated to lucrative growth opportunities in the future with the rising demand for chloroprene rubber market in the global market. Below mentioned is the list of few companies engaged in the chloroprene rubber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chloroprene rubber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arlanxeo
- BRP Manufacturing Co.
- Chongqing Changshou Chemical Co., Ltd.
- Denka Company Limited
- Lanxess AG
- RADO Gummi GmbH
- Shanxi Synthetic Rubber Group Co. Ltd.
- Showa Denko K. K
- Tosoh Corporation
- Zenith Rubber
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Chloroprene Rubber Market - By Application
1.3.2 Chloroprene Rubber Market - By End Use Industry
1.3.3 Chloroprene Rubber Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CHLOROPRENE RUBBER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CHLOROPRENE RUBBER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CHLOROPRENE RUBBER MARKET - GLOBAL MARKET ANALYSIS
6.1. CHLOROPRENE RUBBER - GLOBAL MARKET OVERVIEW
6.2. CHLOROPRENE RUBBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CHLOROPRENE RUBBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. COATING AND ADHESIVES
7.3.1. Overview
7.3.2. Coating and Adhesives Market Forecast and Analysis
7.4. WIRES AND CABLES
7.4.1. Overview
7.4.2. Wires and Cables Market Forecast and Analysis
7.5. HOSES AND TUBES
7.5.1. Overview
7.5.2. Hoses and Tubes Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. CHLOROPRENE RUBBER MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. CONSTRUCTION
8.4.1. Overview
8.4.2. Construction Market Forecast and Analysis
8.5. FURNITURE
8.5.1. Overview
8.5.2. Furniture Market Forecast and Analysis
8.6. ELECTRONICS
8.6.1. Overview
8.6.2. Electronics Market Forecast and Analysis
8.7. TEXTILES
8.7.1. Overview
8.7.2. Textiles Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. CHLOROPRENE RUBBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Chloroprene Rubber Market Overview
9.1.2 North America Chloroprene Rubber Market Forecasts and Analysis
9.1.3 North America Chloroprene Rubber Market Forecasts and Analysis - By Application
9.1.4 North America Chloroprene Rubber Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Chloroprene Rubber Market Forecasts and Analysis - By Countries
9.1.5.1 United States Chloroprene Rubber Market
9.1.5.1.1 United States Chloroprene Rubber Market by Application
9.1.5.1.2 United States Chloroprene Rubber Market by End Use Industry
9.1.5.2 Canada Chloroprene Rubber Market
9.1.5.2.1 Canada Chloroprene Rubber Market by Application
9.1.5.2.2 Canada Chloroprene Rubber Market by End Use Industry
9.1.5.3 Mexico Chloroprene Rubber Market
9.1.5.3.1 Mexico Chloroprene Rubber Market by Application
9.1.5.3.2 Mexico Chloroprene Rubber Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Chloroprene Rubber Market Overview
9.2.2 Europe Chloroprene Rubber Market Forecasts and Analysis
9.2.3 Europe Chloroprene Rubber Market Forecasts and Analysis - By Application
9.2.4 Europe Chloroprene Rubber Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Chloroprene Rubber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Chloroprene Rubber Market
9.2.5.1.1 Germany Chloroprene Rubber Market by Application
9.2.5.1.2 Germany Chloroprene Rubber Market by End Use Industry
9.2.5.2 France Chloroprene Rubber Market
9.2.5.2.1 France Chloroprene Rubber Market by Application
9.2.5.2.2 France Chloroprene Rubber Market by End Use Industry
9.2.5.3 Italy Chloroprene Rubber Market
9.2.5.3.1 Italy Chloroprene Rubber Market by Application
9.2.5.3.2 Italy Chloroprene Rubber Market by End Use Industry
9.2.5.4 United Kingdom Chloroprene Rubber Market
9.2.5.4.1 United Kingdom Chloroprene Rubber Market by Application
9.2.5.4.2 United Kingdom Chloroprene Rubber Market by End Use Industry
9.2.5.5 Russia Chloroprene Rubber Market
9.2.5.5.1 Russia Chloroprene Rubber Market by Application
9.2.5.5.2 Russia Chloroprene Rubber Market by End Use Industry
9.2.5.6 Rest of Europe Chloroprene Rubber Market
9.2.5.6.1 Rest of Europe Chloroprene Rubber Market by Application
9.2.5.6.2 Rest of Europe Chloroprene Rubber Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Chloroprene Rubber Market Overview
9.3.2 Asia-Pacific Chloroprene Rubber Market Forecasts and Analysis
9.3.3 Asia-Pacific Chloroprene Rubber Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Chloroprene Rubber Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Chloroprene Rubber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Chloroprene Rubber Market
9.3.5.1.1 Australia Chloroprene Rubber Market by Application
9.3.5.1.2 Australia Chloroprene Rubber Market by End Use Industry
9.3.5.2 China Chloroprene Rubber Market
9.3.5.2.1 China Chloroprene Rubber Market by Application
9.3.5.2.2 China Chloroprene Rubber Market by End Use Industry
9.3.5.3 India Chloroprene Rubber Market
9.3.5.3.1 India Chloroprene Rubber Market by Application
9.3.5.3.2 India Chloroprene Rubber Market by End Use Industry
9.3.5.4 Japan Chloroprene Rubber Market
9.3.5.4.1 Japan Chloroprene Rubber Market by Application
9.3.5.4.2 Japan Chloroprene Rubber Market by End Use Industry
9.3.5.5 South Korea Chloroprene Rubber Market
9.3.5.5.1 South Korea Chloroprene Rubber Market by Application
9.3.5.5.2 South Korea Chloroprene Rubber Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Chloroprene Rubber Market
9.3.5.6.1 Rest of Asia-Pacific Chloroprene Rubber Market by Application
9.3.5.6.2 Rest of Asia-Pacific Chloroprene Rubber Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Chloroprene Rubber Market Overview
9.4.2 Middle East and Africa Chloroprene Rubber Market Forecasts and Analysis
9.4.3 Middle East and Africa Chloroprene Rubber Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Chloroprene Rubber Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Chloroprene Rubber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Chloroprene Rubber Market
9.4.5.1.1 South Africa Chloroprene Rubber Market by Application
9.4.5.1.2 South Africa Chloroprene Rubber Market by End Use Industry
9.4.5.2 Saudi Arabia Chloroprene Rubber Market
9.4.5.2.1 Saudi Arabia Chloroprene Rubber Market by Application
9.4.5.2.2 Saudi Arabia Chloroprene Rubber Market by End Use Industry
9.4.5.3 U.A.E Chloroprene Rubber Market
9.4.5.3.1 U.A.E Chloroprene Rubber Market by Application
9.4.5.3.2 U.A.E Chloroprene Rubber Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Chloroprene Rubber Market
9.4.5.4.1 Rest of Middle East and Africa Chloroprene Rubber Market by Application
9.4.5.4.2 Rest of Middle East and Africa Chloroprene Rubber Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Chloroprene Rubber Market Overview
9.5.2 South and Central America Chloroprene Rubber Market Forecasts and Analysis
9.5.3 South and Central America Chloroprene Rubber Market Forecasts and Analysis - By Application
9.5.4 South and Central America Chloroprene Rubber Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Chloroprene Rubber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Chloroprene Rubber Market
9.5.5.1.1 Brazil Chloroprene Rubber Market by Application
9.5.5.1.2 Brazil Chloroprene Rubber Market by End Use Industry
9.5.5.2 Argentina Chloroprene Rubber Market
9.5.5.2.1 Argentina Chloroprene Rubber Market by Application
9.5.5.2.2 Argentina Chloroprene Rubber Market by End Use Industry
9.5.5.3 Rest of South and Central America Chloroprene Rubber Market
9.5.5.3.1 Rest of South and Central America Chloroprene Rubber Market by Application
9.5.5.3.2 Rest of South and Central America Chloroprene Rubber Market by End Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CHLOROPRENE RUBBER MARKET, KEY COMPANY PROFILES
11.1. ARLANXEO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRP MANUFACTURING CO.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHONGQING CHANGSHOU CHEMICAL CO., LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DENKA COMPANY LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LANXESS AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RADO GUMMI GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHANXI SYNTHETIC RUBBER GROUP CO. LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHOWA DENKO K. K
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOSOH CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZENITH RUBBER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Arlanxeo
2. BRP Manufacturing Co.
3. Chongqing Changshou Chemical Co., Ltd.
4. Denka Company Limited
5. Lanxess AG
6. RADO Gummi GmbH
7. Shanxi Synthetic Rubber Group Co. Ltd.
8. Showa Denko K. K
9. Tosoh Corporation
10. Zenith Rubber
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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