The global demand for Polychloroprene Rubber Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Polychloroprene rubber refers to an artificial elastomer or synthetic rubber obtained by the polymerization process of colorless volatile liquid chloroprene. Polychloroprene is also known as Neoprene or pc-rubber. Polychloroprene rubber is used as a membrane diaphragm in membrane valves utilized at various nuclear plants. The inherent balance of decent mechanical and physical properties of polychloroprene rubber makes it's a high-performance, multipurpose elastomer product. Polychloroprene has the characteristics of resisting oil, grease, and wax and can withstand temperatures from -35 to up to 120°C. Other mentionable features of this rubber are protecting against ozone, temperate and cold weathering, and water immersion. These properties allow various end-uses of polychloroprene rubber in the manufacture of weather-resistant and water-resistance applications. This material has massively been used. Some other exclusively use applications of this rubber are gaskets, cable jackets, tubes, seals, gasoline hoses, and orthopedic braces. The membrane valves made of polychloroprene rubbers are used in power plants to control water and gas flow.
Market Dynamics
The market is mainly driven by experiencing significant expansion due to a rise in demand from the rubber industry as raw material for adhesives and for many latex applications. The utilization of Polychloroprene rubber has increased owing to the increase in several manufacturing industries across the globe. Economic growth, increasing automotive output, and the emergence of manufacturing industries globally has led to the higher consumption of polychloroprene rubber during the forecast period.
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 an inclusive assessment of each segment in the global market of polychloroprene rubber. The growth and trends of Polychloroprene Rubber Industry provide a holistic approach to this study.
Market Segmentation
This section of the polychloroprene rubber market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Grade
- Industrial
- Pharmaceutical
By Application
- Gasket & Hoses
- Disposable Gloves
- Paint & Coatings
- Consumer Goods
- Rubber & Adhesives
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Polychloroprene Rubber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Polychloroprene Rubber Market Share by Region (Representative Graph)
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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 polychloroprene rubber market include DuPont Performance Elastomers, Asahi Kasei Chemicals Corporation, Lanxess AG, Zenith Industrial Rubber Products Pvt. Ltd., Showa Denko K.K., Shanxi Synthetic Rubber Group Co. Ltd., Chongqing Longevity Salt and Chemical Co. Ltd., Nairit Plant CJSC and Others. This section consists of 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.
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