About Polychloroprene Rubber
Polychloroprene rubber also known as neoprene is an extremely useful synthetic rubber, it is category of artificial rubber. Polychloroprene rubber can also be used with mineral oils, greases, alkalis and dilute acids. Some polychloroprene products comprises of gaskets, bumper pads, soundproofing material and even shoe soles. Offering qualities such as high temperature resistance, durability, and chemical resistance, it has found its way into several of these products. The polyurethane rubbers are used mainly for products in automotive industry and machine engineering, as different elements of dampers, flexible connections, and electric lines and also in such cases, when simultaneous high abrasion resistance of the product is required. Neoprenes are resistant to oils and greases.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Polychloroprene Rubber market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LANXESS (Germany), Tosoh (Japan), Denka Performance Elastomer (United States), China Bluestar New Chemical Materials (China), Macro International Co. (India), ACRO Industries (United States), Canada Rubber Group (Canada), AJ Rubber & Sponge Ltd. (Canada), Martin’s Rubber Company (United Kingdom) and Showa Denko (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chongqing Haibo Chemical Co., Ltd (China) and Mitsui (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Polychloroprene Rubber market by Type (Solid Neoprene Sheet, Cellular Neoprene Sheet (Neoprene Sponge) and Others), Application (Rubber, Gloves, Cables, Transmission Belts, Conveyor Belts and Others) and Region.
On the basis of geography, the market of Polychloroprene Rubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Forms, the sub-segment i.e. Chips will boost the Polychloroprene Rubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Polychloroprene Rubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In May 28, 2019- Showa Denko has decided to acquire all shares in ILAG Industrielack AG, which leads the ILAG Group, a specialty non-stick coating chemicals manufacturing company. Non-stick coating chemicals (NSCs) are used on consumer goods such as cookware, bakeware, and home electrical appliances, and also on industrial goods including automotive parts and other industrial equipment.
Market Drivers
- Increasing Demand for Gasket Material
Opportunities
- Infrastructure Development in Developing Countries
Restraints
- Cannot use in Strong Acid, Nitro Hydrocarbons and Other Chemicals
Challenges
- Availability of Raw Materials in Specified Timeframe
- Regulations Related To the Use of Polychloroprene Rubber in Various Applications
Key Target Audience
Manufacturers of Polychloroprene Rubber, Suppliers of Polychloroprene Rubber, Wholesalers, Distributors and Retailers of Polychloroprene Rubber, Rubber Industry, Automobile Industry, Research Organization and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.