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Report Overview
The global neoprene market size reached a volume of 456.47 Kilo Tons in 2024. The neoprene market is further expected to grow at a CAGR of 4.50% between 2025 and 2034 to reach a volume of almost 708.88 Kilo Tons by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in Kilo Tons
4.5%
2025-2034
Neoprene Market Outlook
*this image is indicative*
The global neoprene market is driven by the booming construction industry across the globe. The Asia Pacific region is the leading regional neoprene market globally. The industry is aided by the increasing demand for wires and cables from power supply companies, which has accelerated the sales of neoprene. Further, burgeoning sales of luxury cars due to inflating disposable incomes are developing a positive outlook for the neoprene market.
Market Segmentation
Neoprene is referred to as a synthetic rubber that is produced artificially by free radical polymerization of chloroprene. It was initially developed in the 1930s, as an oil-resistant alternative to natural latex rubber and had DuPont as the first to market the compound in the year 1931. Neoprene offers several advantages over natural rubber latex as well as other synthetic compounds. It also provides a strong level of protection from oxidizing agents like oils, alcohols, and acids, and offers resistance to all acetonic solvents.
The neoprene market is bifurcated on the basis of manufacturing route into:
- Butadiene Route
- Acetylene Route
Among all of these, the butadiene route presently represents the most preferred manufacturing route for neoprene.
On the basis of grade, the industry is divided into:
- General-Purpose
- Pre-Crosslinked
- Sulphur-Modified
- Slow Crystallising
Based on application, the industry is categorised into:
- Technical Rubber
- Adhesives Industry
- Latex Industry
At present, neoprene is largely used in the production of technical rubber.
On the basis of end-uses, the neoprene market is segmented into:
- Automotive
- Manufacturing
- Consumer Goods
- Medical
Out of these, the automotive segment is the largest end-use segment of neoprene.
Market breakup by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Analysis
The global neoprene market is driven by the continuously increasing demand for it due to its superior physical and chemical properties. The market is further aided by the expanding automotive sector, which is one of the largest end-users of neoprene. Within this industry, neoprene is extensively used in the manufacturing of oil seals, power transmission belts, tyres, hose covers, braking, and steering system components, among others. Besides the automotive industry, the increase in the construction sector is also providing an impetus to the growth of the neoprene market, where it is used to render electrical insulation, seals for doors, windows, and facades, deviator pads, elevator astragals, highway and bridge seals, among others.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global neoprene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Denka Corporation Limited
- Zenith Rubber
- BGK GmbH ENDLOSBAND
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global neoprene market reached a volume of 456.47 Kilo Tons in 2024.
The market is projected to grow at a CAGR of nearly 4.50% in the forecast period of 2025-2034.
The market is estimated to reach a volume of almost 708.88 Kilo Tons by 2034.
The major drivers of the market include rising disposable incomes, increasing population, rising demand for neoprene owing to its superior physical and chemical properties, and the expanding automotive sector.
The rising demand for wires and cables from power supply companies is expected to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The various manufacturing routes of neoprene considered in the market report include butadiene route and acetylene route.
General-purpose grade neoprene, pre-crosslinked grade neoprene, sulphur-modified grade neoprene, and slow crystallising grade neoprene are the major grades considered in the market report.
The significant applications of neoprene are technical rubber, adhesives industry, and latex industry.
The different end-uses of neoprene include automotive, manufacturing, consumer goods, and medical.
The leading players in the market are Denka Corporation Limited, Zenith Rubber, and BGK GmbH ENDLOSBAND, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Manufacturing Route |
|
| Breakup by Grade |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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