DUBLIN--(BUSINESS WIRE)--The "Global Neoprene Market - Segmented by Type, Application and Geography - Trends and Forecasts 2017 - 2022" report has been added to Research and Markets' offering.
Due to the increasing demand from end user industries such as Automotive, Electrical, Latex, Adhesives, Construction, the Global neoprene market is expected to reach 500 metric tons by the year 2020. Asia Pacific and Latin America leads the Global Neoprene market due to their large demand for automobile component market which accounts for 20% of the global consumption of Neoprene.
The adhesive end user market accounts for the highest share of Neoprene market globally. In the recent years there has been a high demand of chloroprene since it has been replacing other elastomer technologies. However the Neoprene market also faces a great competition from other synthetic rubber and natural rubber alternatives.
Neoprene is a synthetic rubber which is artificially produced by free radical polymerization of Chloroprene. It consists of Carbon, Hydrogen and Chlorine polymers which are cross linked to give neoprene. It exhibits good chemical stability and maintains flexibility over a wide temperature range. Neoprene was accidently manufactured by the scientists of DuPont chemicals. It shows great chemical properties like resistance to weathering, aging, heat, tearing, water, oils and other chemicals.
Growth is largely fueled by increasing applications, technological advancements, and growing demand in the developing countries in Asia Pacific such as China, India due to the large setup of automotive industry which accounts for 20% of the global Neoprene consumption. Neoprene has been substituting other elastomer technologies due to its various chemical properties which are a key driver for the Neoprene market.
- Bayer AG
- Denki Kagaku Kogyo
- TOSOH Corporation
- Showa DDE
- Dow Chemical Company
Key Topics Covered:
2. Executive Summary
3. Neoprene Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis (Market size, growth and forecast)
7. Competitive Landscape
8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
For more information about this report visit https://www.researchandmarkets.com/research/3khl4r/global_neoprene