Neoprene Market Scope and Size by 2031
Neoprene is a kind of synthetic rubber produced by the polymerization of chloroprene. Cross-linking carbon, hydrogen, and chlorine polymers give rise to neoprene. Neoprene has excellent chemical stability and remains flexible under different temperatures. It is resistant to weather, wear, aging, oil, water, heat, and chemical. As neoprene possess low oxidation rate and ozone resistance, the shelf life of neoprene based products increases. It is used either in the form of latex or solid rubber. Neoprene finds its applications in orthopedic braces, laptop sleeves, electrical insulation, and automotive fan belts.
MARKET DYNAMICS
The various benefits such as heat, ozone & electric resistance, preferred by neoprene, increases its demand in the construction and roofing industries. This factor drives the growth of the neoprene market. Besides this, High disposable income and demand for better structural properties, development of infrastructure, etc. are factors driving the growth of the neoprene market. However, volatile crude oil prices and the existence of substitutes, namely, natural & synthetic rubber restricts the fruitful development of the market. An upsurge in the production of automotive in emerging economies is anticipated to foster the growth of neoprene market in the near future.
MARKET SCOPE
The "Global Neoprene Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the neoprene market with detailed market segmentation by product, end user and geography. The global neoprene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading neoprene market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global neoprene market is segmented on the basis of product, end user and geography. On the basis of product the market classify intoneoprene sponge or foam, neoprene rubber sheet and neoprene latex. As per end user the market is broken into automotive, electrical & electronics, building & construction, textiles and others.
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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 market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The neoprene 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 neoprene 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 neoprene market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The neoprene 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 neoprene 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 neoprene market in these regions.
MARKET PLAYERS
The reports cover key developments in the neoprene 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 neoprene market are anticipated to lucrative growth opportunities in the future with the rising demand for neoprene market in the global market. Below mentioned is the list of few companies engaged in the neoprene market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the neoprene 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.
- 3M Company
- Asahi Kasei Chemicals Corporation
- Denka Company Limited
- Pidilite Industries Limited
- Shanxi Synthetic Rubber Group Co. Ltd
- Shanxi-Nairit Synthetic Rubber Co. Ltd
- Showa Denko K.K.
- Sundow Polymers Co. Ltd
- Tosoh Corporation
- Zenith Industrial Rubber Products Pvt. Ltd.
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
1.3.1Neoprene Market - By Product
1.3.2Neoprene Market - By End User
1.3.3Neoprene Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.NEOPRENE MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.NEOPRENE 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.NEOPRENE MARKET - GLOBAL MARKET ANALYSIS
6.1.NEOPRENE - GLOBAL MARKET OVERVIEW
6.2.NEOPRENE - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.NEOPRENE MARKET - REVENUE and FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS and ANALYSIS
7.3.NEOPRENE SPONGE OR FOAM
7.3.1.Overview
7.3.2.Neoprene Sponge or Foam Market Forecast and Analysis
7.4.NEOPRENE RUBBER SHEET
7.4.1.Overview
7.4.2.Neoprene Rubber Sheet Market Forecast and Analysis
7.5.NEOPRENE LATEX
7.5.1.Overview
7.5.2.Neoprene Latex Market Forecast and Analysis
8.NEOPRENE MARKET - REVENUE and FORECASTS TO 2028 - END USER
8.1.OVERVIEW
8.2.END USER MARKET FORECASTS and ANALYSIS
8.3.AUTOMOTIVE
8.3.1.Overview
8.3.2.Automotive Market Forecast and Analysis
8.4.ELECTRICAL and ELECTRONICS
8.4.1.Overview
8.4.2.Electrical and Electronics Market Forecast and Analysis
8.5.BUILDING and CONSTRUCTION
8.5.1.Overview
8.5.2.Building and Construction Market Forecast and Analysis
8.6.TEXTILES
8.6.1.Overview
8.6.2.Textiles Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.NEOPRENE MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Neoprene Market Overview
9.1.2North America Neoprene Market Forecasts and Analysis
9.1.3North America Neoprene Market Forecasts and Analysis - By Product
9.1.4North America Neoprene Market Forecasts and Analysis - By End User
9.1.5North America Neoprene Market Forecasts and Analysis - By Countries
9.1.5.1Canada Neoprene Market
9.1.5.1.1Canada Neoprene Market by Product
9.1.5.1.2Canada Neoprene Market by End User
9.1.5.2Mexico Neoprene Market
9.1.5.2.1Mexico Neoprene Market by Product
9.1.5.2.2Mexico Neoprene Market by End User
9.1.5.3US Neoprene Market
9.1.5.3.1US Neoprene Market by Product
9.1.5.3.2US Neoprene Market by End User
9.2.EUROPE
9.2.1Europe Neoprene Market Overview
9.2.2Europe Neoprene Market Forecasts and Analysis
9.2.3Europe Neoprene Market Forecasts and Analysis - By Product
9.2.4Europe Neoprene Market Forecasts and Analysis - By End User
9.2.5Europe Neoprene Market Forecasts and Analysis - By Countries
9.2.5.1Germany Neoprene Market
9.2.5.1.1Germany Neoprene Market by Product
9.2.5.1.2Germany Neoprene Market by End User
9.2.5.2France Neoprene Market
9.2.5.2.1France Neoprene Market by Product
9.2.5.2.2France Neoprene Market by End User
9.2.5.3Italy Neoprene Market
9.2.5.3.1Italy Neoprene Market by Product
9.2.5.3.2Italy Neoprene Market by End User
9.2.5.4United Kingdom Neoprene Market
9.2.5.4.1United Kingdom Neoprene Market by Product
9.2.5.4.2United Kingdom Neoprene Market by End User
9.2.5.5Russia Neoprene Market
9.2.5.5.1Russia Neoprene Market by Product
9.2.5.5.2Russia Neoprene Market by End User
9.2.5.6Rest of Europe Neoprene Market
9.2.5.6.1Rest of Europe Neoprene Market by Product
9.2.5.6.2Rest of Europe Neoprene Market by End User
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Neoprene Market Overview
9.3.2Asia-Pacific Neoprene Market Forecasts and Analysis
9.3.3Asia-Pacific Neoprene Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Neoprene Market Forecasts and Analysis - By End User
9.3.5Asia-Pacific Neoprene Market Forecasts and Analysis - By Countries
9.3.5.1Australia Neoprene Market
9.3.5.1.1Australia Neoprene Market by Product
9.3.5.1.2Australia Neoprene Market by End User
9.3.5.2China Neoprene Market
9.3.5.2.1China Neoprene Market by Product
9.3.5.2.2China Neoprene Market by End User
9.3.5.3India Neoprene Market
9.3.5.3.1India Neoprene Market by Product
9.3.5.3.2India Neoprene Market by End User
9.3.5.4Japan Neoprene Market
9.3.5.4.1Japan Neoprene Market by Product
9.3.5.4.2Japan Neoprene Market by End User
9.3.5.5South Korea Neoprene Market
9.3.5.5.1South Korea Neoprene Market by Product
9.3.5.5.2South Korea Neoprene Market by End User
9.3.5.6Rest of Asia-Pacific Neoprene Market
9.3.5.6.1Rest of Asia-Pacific Neoprene Market by Product
9.3.5.6.2Rest of Asia-Pacific Neoprene Market by End User
9.4.MIDDLE EAST and AFRICA
9.4.1Middle East and Africa Neoprene Market Overview
9.4.2Middle East and Africa Neoprene Market Forecasts and Analysis
9.4.3Middle East and Africa Neoprene Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Neoprene Market Forecasts and Analysis - By End User
9.4.5Middle East and Africa Neoprene Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Neoprene Market
9.4.5.1.1South Africa Neoprene Market by Product
9.4.5.1.2South Africa Neoprene Market by End User
9.4.5.2Saudi Arabia Neoprene Market
9.4.5.2.1Saudi Arabia Neoprene Market by Product
9.4.5.2.2Saudi Arabia Neoprene Market by End User
9.4.5.3U.A.E Neoprene Market
9.4.5.3.1U.A.E Neoprene Market by Product
9.4.5.3.2U.A.E Neoprene Market by End User
9.4.5.4Rest of Middle East and Africa Neoprene Market
9.4.5.4.1Rest of Middle East and Africa Neoprene Market by Product
9.4.5.4.2Rest of Middle East and Africa Neoprene Market by End User
9.5.SOUTH and CENTRAL AMERICA
9.5.1South and Central America Neoprene Market Overview
9.5.2South and Central America Neoprene Market Forecasts and Analysis
9.5.3South and Central America Neoprene Market Forecasts and Analysis - By Product
9.5.4South and Central America Neoprene Market Forecasts and Analysis - By End User
9.5.5South and Central America Neoprene Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Neoprene Market
9.5.5.1.1Brazil Neoprene Market by Product
9.5.5.1.2Brazil Neoprene Market by End User
9.5.5.2Argentina Neoprene Market
9.5.5.2.1Argentina Neoprene Market by Product
9.5.5.2.2Argentina Neoprene Market by End User
9.5.5.3Rest of South and Central America Neoprene Market
9.5.5.3.1Rest of South and Central America Neoprene Market by Product
9.5.5.3.2Rest of South and Central America Neoprene Market by End User
10.INDUSTRY L and SCAPE
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.NEOPRENE MARKET, KEY COMPANY PROFILES
11.1.3M COMPANY
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.ASAHI KASEI CHEMICALS CORPORATION
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.DENKA COMPANY LIMITED
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.PIDILITE INDUSTRIES 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.SHANXI SYNTHETIC RUBBER GROUP CO. LTD
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.SHANXI-NAIRIT SYNTHETIC RUBBER CO. LTD
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.SHOWA DENKO K.K.
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.SUNDOW POLYMERS CO. LTD.
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 INDUSTRIAL RUBBER PRODUCTS PVT. LTD.
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. 3M Company2. Asahi Kasei Chemicals Corporation3. Denka Company Limited4. Pidilite Industries Limited5. Shanxi Synthetic Rubber Group Co. Ltd6. Shanxi-Nairit Synthetic Rubber Co. Ltd7. Showa Denko K. K. 8. Sundow Polymers Co. Ltd. 9. Tosoh Corporation10. Zenith Industrial Rubber Products Pvt. Ltd.
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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