The global demand for Neoprene Foam Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Neoprene belongs to the family of synthetic rubbers, produced by polymerization of chloroprene. It is also known as polychloroprene or PC. Based on how chloroprene is vulcanized, and the number of sulfur links generated, neoprene showcases an array of characteristics. Neoprene foam is a flexible and spongy rubber offering thermal and moisture insulation and good resistance to acid, alkali, gasoline, and oil. It is widely used as a synthetic elastomer because of its excellent insulation and resistive properties.
Neoprene foam finds essential applications in the automotive industry where resistance to several petroleum-based diluents is needed. With an increase in the global population and a surge in per capita income of the individuals, high penetration of automotive is expected. Therefore, maintaining favorable prospects for the neoprene foam market. The resistive properties combined with other strengths have secured neoprene foam’s popularity among several industries including marine, fashion, medical, and food service. This factor is anticipated to steer the progress of the global neoprene foam market in the future. However, the popularity of alternatives to neoprene and volatility in crude oil prices is foreshadowed to cast downsides to neoprene demand in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of neoprene foam.
The entire neoprene foam market has been sub-categorized into product and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Neoprene Sponge/Foam
- Neoprene Rubber Sheet
- Neoprene Latex
- Electrical & Electronics
- Building & Construction
This section covers regional segmentation which accentuates on current and future demand for neoprene foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Neoprene Foam Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the neoprene foam market include Sundow Polymers Co., Ltd., Covestro AG, Lanxess, TOSOH Corporation, Zenith Rubber, BGK GmbH Endlosband, Pidilite Industries, The 3M Company, Denka Company Limited, TuHuang Chemical Co., Shanxi Synthetic Rubber Group Co Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.