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Neoprene Market Report by Manufacturing Route, Grade, Application, End-User, and Region 2024-2032

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    Report

  • 137 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5682162
The global neoprene market size reached 435.0 Kilotons in 2023. Looking forward, the market is projected to reach 552.8 Kilotons by 2032, exhibiting a growth rate (CAGR) of 2.70% during 2023-2032.

Neoprene is a synthetic rubber produced artificially by free radical polymerization of chloroprene. It was first developed in the 1930s, as an oil-resistant substitute for natural latex rubber with DuPont being the first to market the compound in 1931. Neoprene offers various advantages over natural rubber latex and other synthetic compounds. Neoprene provides a strong level of protection from oxidizing agents such as alcohols, oils, and acids and offers resistant to all acetonic solvents. It also provides high resistance to physical failures like cuts and is resistant to damage caused by abrasion, flexing and twisting.

Neoprene also does not degrade in the presence of sun, ozone or weather and provides excellent adhesion to fabrics and metals. Moreover, Neoprene exhibits good chemical stability and maintains flexibility over a wide temperature range. Compared to natural rubber, neoprene is more gas permeation resistant and can tolerate higher temperatures: up to 200 degrees Fahrenheit (F). Even at such elevated temperatures, neoprene maintains its integrity, making it better suited to long-term use in high temperature applications compared to natural rubber. Neoprene’s polymer structure also allows it to be modified to create a material compound with a diverse range of chemical and physical properties, based on the product needs.

The global demand of neoprene has been increasing continuously over the last few years catalyzed by its superior physical and chemical properties. The automotive sector represents one of the biggest end users of neoprene. In the automotive industry neoprene is used in the manufacturing of tires, oil seals, power transmission belts, breaking and steering system components, hose covers, etc. Apart from the automotive industry, the growth in the construction sector is also catalyzing the demand of neoprene where it is used to provide electrical insulation; seals for windows, doors, and facades; elevator astragals; deviator pads; Highway and bridge seals, etc.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global neoprene market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on manufacturing route, grade, application and end-user.

Breakup by Manufacturing Route:

  • Butadiene Route
  • Acetylene Route
Based on the manufacturing route, the market has been segmented into the butadiene route and acetylene route. The butadiene route currently accounts for a higher share.

Breakup by Grade:

  • General-Purpose Grade Neoprene
  • Pre-Crosslinked Grade Neoprene
  • Sulfur-Modified Grade Neoprene
  • Slow Crystallizing Grade Neoprene
Based on the grade, the market has been segmented into general-purpose grade neoprene, pre-crosslinked grade neoprene, sulfur-modified grade neoprene and slow crystallizing grade neoprene.

Breakup by Application:

  • Technical Rubber
  • Adhesives Industry
  • Latex Industry
Based on the application, the market has been segmented into technical rubber, adhesives industry and latex industry. Technical rubber currently represents the biggest segment.

Breakup by End-User:

  • Automotive
  • Manufacturing
  • Consumer Goods
  • Medical
Based on the end-user, the market has been segmented into automotive, manufacturing, consumer goods and medical. The automotive segment currently represents the biggest end user.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest region, accounting for the majority of the global market.

Competitive Landscape

The competitive landscape of the market has also been examined with some of the key players being Denka Corporation, Lanxess, Showa Denko, Tosoh, Zenith Rubber, GK GmbH Endlosband, Pidilite Industries Ltd., Covestro AG and Asahi Kasei Corporation.

Key Questions Answered in This Report

  • How has the global neoprene market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global neoprene industry?
  • What has been the impact of COVID-19 on the global neoprene market?
  • What is the breakup of the global neoprene market on the basis of manufacturing route?
  • What is the breakup of the global neoprene market on the basis of grade?
  • What is the breakup of the global neoprene market on the basis of application?
  • What is the breakup of the global neoprene market on the basis of end-user?
  • What are the various stages in the value chain of the global neoprene market?
  • What are the key driving factors and challenges in the global neoprene market?
  • What is the structure of the global neoprene market and who are the key players?
  • What is the degree of competition in the global neoprene market?
  • How is neoprene manufactured?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Neoprene Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Manufacturing Route
5.5 Market Breakup by Grade
5.6 Market Breakup by Application
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Manufacturing Route
6.1 Butadiene Route
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Acetylene Route
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Grade
7.1 General-Purpose Grade Neoprene
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Pre-Crosslinked Grade Neoprene
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Sulfur-Modified Grade Neoprene
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Slow Crystallizing Grade Neoprene
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Technical Rubber
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Adhesives Industry
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Latex Industry
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End-User
9.1 Automotive
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Manufacturing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Consumer Goods
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Medical
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 Asia-Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 Global Neoprene Industry: SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Global Neoprene Industry: Value Chain Analysis
12.1 Overview
12.2 Research and Development
12.3 Raw Material Procurement
12.4 Manufacturing
12.5 Marketing
12.6 Distribution
12.7 End-Use
13 Global Neoprene Industry: Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Global Neoprene Industry: Price Analysis
14.1 Price Indicators
14.2 Price Structure
14.3 Margin Analysis
15 Neoprene Manufacturing Process
15.1 Product Overview
15.2 Raw Material Requirements
15.3 Manufacturing Process
15.4 Key Success and Risk Factors
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Denka Corporation
16.3.2 Lanxess
16.3.3 Showa Denko
16.3.4 Tosoh
16.3.5 Zenith Rubber
16.3.6 GK GmbH Endlosband
16.3.7 Pidilite Industries Ltd.
16.3.8 Covestro AG
16.3.9 Asahi Kasei Corporation
List of Figures
Figure 1: Global: Neoprene Market: Major Drivers and Challenges
Figure 2: Global: Neoprene Market: Sales Volume (in Kilotons), 2018-2023
Figure 3: Global: Neoprene Market: Breakup by Manufacturing Route (in %), 2023
Figure 4: Global: Neoprene Market: Breakup by Grade (in %), 2023
Figure 5: Global: Neoprene Market: Breakup by Application (in %), 2023
Figure 6: Global: Neoprene Market: Breakup by End-User (in %), 2023
Figure 7: Global: Neoprene Market: Breakup by Region (in %), 2023
Figure 8: Global: Neoprene Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 9: Global: Neoprene Industry: SWOT Analysis
Figure 10: Global: Neoprene Industry: Value Chain Analysis
Figure 11: Global: Neoprene Industry: Porter’s Five Forces Analysis
Figure 12: Global: Neoprene (Butadiene Route) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 13: Global: Neoprene (Butadiene Route) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 14: Global: Neoprene (Acetylene Route) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 15: Global: Neoprene (Acetylene Route) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 16: Global: Neoprene (General-Purpose Grade) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 17: Global: Neoprene (General-Purpose Grade) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 18: Global: Neoprene (Pre-Crosslinked Grade) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 19: Global: Neoprene (Pre-Crosslinked Grade) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 20: Global: Neoprene (Sulfur-Modified Grade) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 21: Global: Neoprene (Sulfur-Modified Grade) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 22: Global: Neoprene (Slow Crystallizing Grade) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 23: Global: Neoprene (Slow Crystallizing Grade) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 24: Global: Neoprene (Technical Rubber) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 25: Global: Neoprene (Technical Rubber) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 26: Global: Neoprene (Adhesives Industry) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 27: Global: Neoprene (Adhesives Industry) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 28: Global: Neoprene (Latex Industry) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 29: Global: Neoprene (Latex Industry) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 30: Global: Neoprene (Automotive) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 31: Global: Neoprene (Automotive) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 32: Global: Neoprene (Manufacturing) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 33: Global: Neoprene (Manufacturing) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 34: Global: Neoprene (Consumer Goods) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 35: Global: Neoprene (Consumer Goods) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 36: Global: Neoprene (Medical) Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 37: Global: Neoprene (Medical) Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 38: Asia Pacific: Neoprene Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 39: Asia Pacific: Neoprene Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 40: North America: Neoprene Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 41: North America: Neoprene Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 42: Europe: Neoprene Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 43: Europe: Neoprene Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 44: Middle East and Africa: Neoprene Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 45: Middle East and Africa: Neoprene Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 46: Latin America: Neoprene Market: Sales Volume (in Kilotons), 2018 & 2023
Figure 47: Latin America: Neoprene Market Forecast: Sales Volume (in Kilotons), 2024-2032
Figure 48: Neoprene Manufacturing: Process Flow
List of Tables
Table 1: Global: Neoprene Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Neoprene Market Forecast: Breakup by Manufacturing Route (in Kilotons), 2024-2032
Table 3: Global: Neoprene Market Forecast: Breakup by Grade (in Kilotons), 2024-2032
Table 4: Global: Neoprene Market Forecast: Breakup by application (in Kilotons), 2024-2032
Table 5: Global: Neoprene Market Forecast: Breakup by End-User (in Kilotons), 2024-2032
Table 6: Global: Neoprene Market Forecast: Breakup by Region (in Kilotons), 2024-2032
Table 7: Neoprene: Raw Material Requirements
Table 8: Global: Neoprene Market Structure
Table 9: Global: Neoprene Market: Key Players

Companies Mentioned

  • Denka Corporation
  • Lanxess
  • Showa Denko
  • Tosoh
  • Zenith Rubber
  • GK GmbH Endlosband
  • Pidilite Industries Ltd.
  • Covestro AG
  • Asahi Kasei Corporation

Methodology

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Table Information