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Chloroprene Rubber Market Size, Share & Trends Analysis Report By Application (Textile, Automotive, Electrical & Electronics, Construction), By Region (North America, Europe, APAC, SA, MEA), And Forecasts, 2021 - 2028

October 2021 | 51 pages | ID: C68835C934C3EN
Grand View Research, Inc.

US$ 5,950.00

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Chloroprene Rubber Market Growth & Trends

The global chloroprene rubber market size is expected to reach USD 1.39 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.6% from 2021 to 2028. Increasing adoption of chloroprene rubber in the automotive, electrical & electronics, construction, and textile industries is projected to fuel the market growth during the forecast period. It is widely used in tire sidewalls, automotive trims, gaskets, and related products owing to the rising demand for Electric Vehicles (EVs).

The growing requirement for electrical power is expected to drive the demand for electric cables for power transmission. This is expected to drive the product demand in cable jackets. The rising private & public investments in the construction sector focusing on the development of infrastructure projects across the globe remain critical to the product demand in construction applications. The product has a wide scope of application in the manufacture of rubber pads products due to the demand arising from the construction industry.

Major key players in the market are investing in expanding and developing chloroprene for end-use industries. For instance, in April 2021, ARLANXEO established ARLANXEO India Private Limited in India to strengthen its position in the Indian market to meet the needs of quickly expanding industries, such as pharmaceuticals, tires, automotive, and end-user products.

The demand for industrial products and chemicals in countries such as China, Japan, India, South Korea, and Thailand is expected to impact the consumption of chloroprene rubber used in these products. Many elastomer manufacturers are carrying out research and development activities to develop a vulcanization process for manufacturing chloroprene rubber to replace the existing smoked rubber suppression technique. One of the main advantages offered by the vulcanization process is the improvement in absorbent properties. This has helped position chloroprene rubber as a suitable material for manufacturing protective lining in chemical plants.

Chloroprene Rubber Market Report Highlights
  • In terms of revenue, the automotive application segment accounted for the largest revenue share of more than 35% in 2020. It is expected to grow further at a steady CAGR over the forecast period
  • Asia Pacific was the largest regional market in 2020 and accounted for more than 50.0% of the global revenue share
  • China was the largest producer of vehicles in the Asia Pacific. Rising consumer disposable income levels in the country coupled with the high demand for EVs and luxury cars will; boost the product demand in automotive applications in China
  • Various strategic initiatives were recorded over the past few years to boost the growth of the market
  • For instance, in August 2020, Tosoh Corporation collaborated with Bando Chemicals to develop cost-reducing technology for manufacturing CNF-reinforced chloroprene rubber to be used in transmission belts in the automobile sector
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
  1.3.1 Purchased Database
  1.3.2 GVR’s Internal Database
  1.3.3 Secondary Sources
  1.3.4 Third Party Perspective
  1.3.5 Primary Research
1.4 Information Analysis
  1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Summary

CHAPTER 3 MARKET VARIABLES, TRENDS, AND SCOPE

3.1 Market Lineage Outlook
  3.1.1 Global Elastomer Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Regulatory Framework
  3.4.1 Standard & compliances
    3.4.1.1 United States Environment Protection Agency
    3.4.1.2 Osha Hazard Communication Standard
  3.4.2 Safety
    3.4.2.1 First-Aid Measures
    3.4.2.2 Fire-Fighting Measures
3.5 Market Dynamics
  3.5.1 Market Driver Analysis
    3.5.1.1 Increasing demand From Automotive and other end-use industries
  3.5.2 Market Restraint Analysis
    3.5.2.1 Volatile raw material prices
3.6 Business Environment Analysis: Chloroprene Rubber Market
  3.6.1 Porter’s Five Force Analysis
  3.6.2 PESTEL Analysis

CHAPTER 4 CHLOROPRENE RUBBER MARKET: APPLICATION MOVEMENT ANALYSIS, 2020 & 2028

4.1 Chloroprene rubber market: Application movement analysis, 2020 & 2028
4.2 Automotive
  4.2.1 Chloroprene Rubber market estimates and forecasts, in Automotive, 2017 - 2028 (KiloTons) (USD Million)
4.3 Electrical & Electronics
  4.3.1 Chloroprene Rubber market estimates and forecasts, in Electrical & Electronics, 2017 - 2028 (KiloTons) (USD Million)
4.4 Construction
  4.4.1 Chloroprene Rubber market estimates and forecasts, in Construction, 2017 - 2028 (KiloTons) (USD Million)
4.5 Textile
  4.5.1 Chloroprene Rubber market estimates and forecasts, in Textile, 2017 - 2028 (KiloTons) (USD Million)
4.6 Others
  4.6.1 Chloroprene Rubber market estimates and forecasts, in Others, 2017 - 2028 (KiloTons) (USD Million)

CHAPTER 5 CHLOROPRENE RUBBER MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

5.1 Chloroprene rubber market: Regional movement analysis, 2020 & 2028
5.2 North America
  5.2.1 North America Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
  5.2.2 U.S.
    5.2.2.1 U.S. Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
5.3 Europe
  5.3.1 Europe Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
  5.3.2 Germany
    5.3.2.1 Germany Chloroprene RUbber Market Estimates and Forecasts, 2017 - 2028 (Kilotons) (USD Million)
5.4 Asia Pacific
  5.4.1 Asia Pacific Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
  5.4.2 China
    5.4.2.1 China Pacific Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
  5.4.3 India
    5.4.3.1 India Pacific Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
  5.4.4 Japan
    5.4.4.1 Japan Pacific Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
5.5 Central & South America
  5.5.1 Central & South America Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
  5.5.2 Central & South America Chloroprene Rubber market estimates and forecasts, By Application, 2017 - 2028 (Kilotons) (USD million)
5.6 Middle East & Africa
  5.6.1 Middle East & Africa Chloroprene Rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD million)
  5.6.2 Middle East & Africa Chloroprene Rubber market estimates and forecasts, By Application, 2017 - 2028 (Kilotons) (USD million)

CHAPTER 6 COMPETITIVE ANALYSIS

6.1 Key Company/Competition Categorization
6.2 Vendor Landscape
  6.2.1 List of key distributors & Channel Partners

CHAPTER 7 COMPANY PROFILES

7.1 List of Manufacturers
7.2 Tosoh Corporation
  7.2.1 Company Overview
  7.2.2 Financial performance
  7.2.3 Product benchmarking
  7.2.4 STRATEGIC INITIATIVES
7.3 Denka Company Limited
  7.3.1 Company Overview
  7.3.2 Financial performance
  7.3.3 Product benchmarking
7.4 ARLANXEO
  7.4.1 Company Overview
  7.4.2 Product benchmarking
  7.4.3 STRATEGIC INITIATIVES
7.5 SEDO Chemicals Neoprene GmbH
  7.5.1 Company Overview
  7.5.2 Product benchmarking
7.6 QingDao Nova Rubber
  7.6.1 Company Overview
  7.6.2 Product benchmarking

LIST OF TABLES

Table 1 List of Abbreviations
Table 2 Chloroprene rubber market estimates and forecasts, in automotive, 2017 - 2028 (Kilotons) (USD Million)
Table 3 Chloroprene rubber market estimates and forecasts, in electrical & electronics, 2017 - 2028 (Kilotons) (USD Million)
Table 4 Chloroprene rubber market estimates and forecasts, in construction, 2017 - 2028 (Kilotons) (USD Million)
Table 5 Chloroprene rubber market estimates and forecasts, in textile, 2017 - 2028 (Kilotons) (USD Million)
Table 6 Chloroprene rubber market estimates and forecasts, in others, 2017 - 2028 (Kilotons) (USD Million)
Table 7 North America chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 8 North America chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 9 North America chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 10 U.S. chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 11 U.S. chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 12 U.S. chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 13 Europe chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 14 Europe chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 15 Europe chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 16 Germany chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 17 Germany chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 18 Germany chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 19 Asia Pacific chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 20 Asia Pacific chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 21 Asia Pacific chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 22 China chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 23 China chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 24 China chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 25 India chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 26 India chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 27 India chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 28 Japan chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 29 Japan chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 30 Japan chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 31 Central & South America chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 32 Central & South America chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 33 Central & South America chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 34 Middle East & Africa chloroprene rubber market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
Table 35 Middle East & Africa chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 36 Middle East & Africa chloroprene rubber market estimates and forecasts, by application, 2017 - 2028 (USD Million)

LIST OF FIGURES

Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Chloroprene Rubber Market Snapshot, 2020 (USD Million)
Fig. 8 Chloroprene Rubber Market Penetration & Growth Prospect Mapping
Fig. 9 Chloroprene Rubber Market -Value Chain Analysis
Fig. 10 Brent and West Texas Intermediate (WTI) Crude Oil Prices, 2010-2020 (USD/Barrel)
Fig. 11 Porter’s Five Forces Analysis: Chloroprene Rubber Market
Fig. 12 PESTEL Analysis: Chloroprene Rubber Market
Fig. 13 Chloroprene rubber market: Application movement analysis, 2020 & 2028
Fig. 14 Chloroprene rubber market: Regional movement analysis, 2020 & 2028


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