Chloroprene Rubber Market Report 2026

The chloroprene rubber market size has grown rapidly in recent years. It will grow from $1.74 billion in 2025 to $1.93 billion in 2026 at a compound annual growth rate (CAGR) of 11%. The growth in the historic period can be attributed to expansion of automotive manufacturing activities, rising demand for industrial rubber components, growth in electrical and electronics production, increased use of synthetic rubber in construction, availability of chloroprene monomers.

The chloroprene rubber market size is expected to see rapid growth in the next few years. It will grow to $2.9 billion in 2030 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing demand from electric vehicle components, rising focus on high-durability elastomers, expansion of infrastructure development projects, growing use in renewable energy installations, increasing investments in specialty rubber formulations. Major trends in the forecast period include increasing use in automotive hoses and seals, rising demand for oil and chemical resistant rubber, growing adoption in wire and cable insulation, expansion of adhesive and coating applications, enhanced focus on weather-resistant rubber grades.

The growth in the construction sector is expected to drive the chloroprene rubber market in the coming years. The construction sector encompasses the planning, designing, and building of infrastructure, including residential, commercial, and industrial structures, as well as roads, bridges, and other public works. Expansion in this sector is fueled by rising population and urbanization, increased government infrastructure spending, economic development, technological advancements in construction methods, and an increased focus on sustainable and green building practices. Chloroprene rubber, commonly known as Neoprene, is extensively used in construction for its durability, flexibility, and resistance to environmental factors. Its resistance to aging, chemicals, and extreme temperatures makes it a valuable material for numerous applications, enhancing the longevity and reliability of building structures. For instance, in August 2024, according to a report by the US Census Bureau, the value of construction operations for residential projects in the US rose from $875.53 billion in June 2023 to $939.8 billion in June 2024. Consequently, the growth in the construction sector is expected to bolster the chloroprene rubber market.

The chloroprene rubber market is also witnessing a trend toward the development of high-performance elastomers for improved durability and resistance in industrial applications. Advanced elastomers are polymer materials that can undergo significant deformation under stress - such as stretching, compressing, or bending - and return to their original shape once the stress is removed. For example, in June 2023, Denka Company Limited, a Japan-based chemical company, in collaboration with ChemSpec Ltd., a specialty polymer distributor, launched Evolmer for the US market. Evolmer is a copolymer of chloroprene and acrylonitrile (NCR) that combines the resilience and environmental resistance of traditional chloroprene rubber with enhanced mechanical properties. These elastomers provide improved oil and ozone resistance, superior dynamic performance, good abrasion resistance, and lower heat build-up under stress, extending service life and maintaining performance stability in demanding applications such as automotive components, industrial hoses and tubes, sealants, and machinery parts.

In June 2023, ChemSpec Ltd., a UK-based specialty polymer and chemical additive distributor, partnered with Denka Company Limited to launch the Evolmer product line in the United States. The partnership focuses on offering a copolymer of chloroprene and acrylonitrile (NCR) with enhanced performance compared to traditional chloroprene rubber. Denka Company Limited is a Japan-based chemical company specializing in rubber-based adhesives.

Major companies operating in the chloroprene rubber market are Sinopec Group, SABIC, Goodyear Chemical, Mitsui Chemicals Inc., Freudenberg Group, Resonac Holdings Corporation, Celanese Corporation, Avery Dennison Corporation, LANXESS AG, Tosoh Corporation, ContiTech Deutschland GmbH, Toyoda Gosei Co. Ltd., Kumho Petrochemical, Hutchinson SA, Trelleborg AB, Denka Company Limited, Cooper-Standard Holdings Inc., Zeon Corporation, ARLANXEO, Pidilite Industries Ltd., Zenith Industrial Rubber Products Pvt. Ltd.

Asia-Pacific was the largest region in the chloroprene rubber market in 2025. The regions covered in the chloroprene rubber market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chloroprene rubber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The chloroprene rubber market consists of sales of automotive seals, gaskets, belts, and wetsuits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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