Chloroprene Rubber (CR) Market Analysis of Sales, Revenue, Share and Growth Rate 2017-2022
Chloroprene Rubber (CR) Market plays a major role in the global economy, with key applications in various industries including manufacturing, automotive, medical industries, and consumer goods.
Chloroprene Rubber (CR) Market plays a major role in the global economy, with key applications in various industries including manufacturing, automotive, medical industries, and consumer goods.
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<strong>Chloroprene</strong> <strong>Rubber</strong> (<strong>CR</strong>) <strong>Market</strong> Applications, Types <strong>and</strong><br />
<strong>Market</strong> <strong>Analysis</strong> to <strong>2022</strong><br />
<strong>Chloroprene</strong> <strong>Rubber</strong> (<strong>CR</strong>) <strong>Market</strong> plays a major role in the global economy, with<br />
key applications in various industries including manufacturing, automotive,<br />
medical industries, <strong>and</strong> consumer goods.<br />
Increasing dem<strong>and</strong> from end use industries including adhesives, automobiles <strong>and</strong> rubber products is<br />
expected to steer the chloroprene rubber market growth. <strong>Chloroprene</strong> rubber (<strong>CR</strong>) is an artificial<br />
polymer that acts as an elastomer. Elastomers can experience greater elastic deformation under<br />
anxiety <strong>and</strong> recovers its former size without permanent deformation. <strong>CR</strong> has higher high ozone,<br />
weather resistance <strong>and</strong> greater mechanical quality, higher aging resistance, low flammability, great<br />
resistance toward chemicals, moderate fuel & oil resistance <strong>and</strong> adhesion to many substrates.<br />
<strong>CR</strong> plays a major role in the global economy, with key applications in various industries including<br />
manufacturing, automotive, medical industries, <strong>and</strong> consumer goods.<br />
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The automotive industry is expected to account majority <strong>of</strong> the share over the forecast period.<br />
<strong>Chloroprene</strong> rubber is extensively used in cables, molded goods, transmission belts <strong>and</strong> conveyor<br />
belts. Increasing dem<strong>and</strong> for these products across the manufacturing sectors is expected to boost<br />
the market dem<strong>and</strong> for chloroprene rubber over the next eight years.<br />
Increasing automotive industry in emerging economies including India, China, <strong>and</strong> Thail<strong>and</strong>. Growing<br />
presence <strong>of</strong> several tire manufacturing facilities coupled with high economic growth regions including<br />
Asia <strong>and</strong> Latin America are expected to steer the rubber consumption over the forecast period.<br />
Natural rubber <strong>and</strong> synthetic rubber are estimated to act as substitutes owing to their properties<br />
related to chloroprene rubber. Hence these factors are expected to restrain the market growth over<br />
the forecast period. Rising thermoplastic elastomers (TPE) consumption due to its low production cost<br />
<strong>and</strong> wide applications is estimated to hinder the market growth.<br />
Asia Pacific is estimated to be the fastest <strong>and</strong> largest growing market globally for chloroprene rubber<br />
on account <strong>of</strong> increasing dem<strong>and</strong> from major regions such as China, India <strong>and</strong> Thail<strong>and</strong> in several<br />
industrial <strong>and</strong> automobile product applications. Europe <strong>and</strong> North America are expected to witness<br />
substantial growth rate following Asia Pacific owing to rapid industrialization <strong>and</strong> increasing<br />
population over the next eight years. Expansion <strong>and</strong> investment in R&D particularly in substituting<br />
smoked rubber suppression technique along with vulcanization in chloroprene production<br />
procedures owing to various benefits such as retention <strong>of</strong> nonabsorbent properties <strong>and</strong> elastic<br />
memory estimated to <strong>of</strong>fer high growth opportunities to key industry players.<br />
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On the basis <strong>of</strong> application the global market has been segmented into adhesives, automobiles, <strong>and</strong><br />
industrial rubber. <strong>Chloroprene</strong> rubber is being used in coatings, binders, hoses, belts <strong>and</strong> electric wire<br />
in automobile components, construction, window seals, <strong>and</strong> architectural rubber products, general<br />
<strong>and</strong> industrial material. Adhesives application segment <strong>of</strong> the chloroprene rubber market is expected<br />
to attain major share <strong>of</strong> the global dem<strong>and</strong> over the next eight years on account <strong>of</strong> increasing dem<strong>and</strong><br />
<strong>of</strong> these materials in automotive <strong>and</strong> construction industry. However, industrial rubber products such<br />
as gaskets, hoses <strong>and</strong> belts are estimated to be the highest growing segment worldwide.<br />
Key industry participants in the global chloroprene industry are Asahi Kasei, Denka Group, DuPont<br />
Elastomers, Chemicals Corporation, Showa Denko K.K., Lanxess AG Dow Chemical Company. Other
industry players include Tosoh Corporation, Chongqing Longevity chemical <strong>and</strong> salt, Zenith Industrial<br />
<strong>Rubber</strong>, Shanxi Synthetic <strong>Rubber</strong>, <strong>and</strong> Nairit Plant CJSC.<br />
Geographically, this report is segmented into several key Regions, with production, consumption,<br />
revenue (million USD), market share <strong>and</strong> growth rate <strong>of</strong> <strong>Chloroprene</strong> <strong>Rubber</strong> (<strong>CR</strong>) in these regions,<br />
from 2012 to <strong>2022</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
Global <strong>Chloroprene</strong> <strong>Rubber</strong> (<strong>CR</strong>) market competition by top manufacturers, with production, price,<br />
revenue (value) <strong>and</strong> market share for each manufacturer; the top players including<br />
• DOPONT<br />
• DENKI KAGAKU KOGYO KABUSHIKI KAISHA<br />
• LANXESS<br />
• COG<br />
• Tosoh Corporation<br />
• Shanna Synthetic <strong>Rubber</strong><br />
• Changshou Chemical<br />
• Shanxi Synthetic <strong>Rubber</strong> Group<br />
• Pidilite<br />
• Showa Denko K.K
• Nairit Plant<br />
On the basis <strong>of</strong> product, this report displays the production, revenue, price, market share <strong>and</strong><br />
growth rate <strong>of</strong> each type, primarily split into<br />
• Solvent-based adhesive<br />
• Latex type adhesive<br />
On the basis on the end users/applications, this report focuses on the status <strong>and</strong> outlook for major<br />
applications/end users, consumption (sales), market share <strong>and</strong> growth rate <strong>of</strong> <strong>Chloroprene</strong> <strong>Rubber</strong><br />
(<strong>CR</strong>) for each application, including<br />
• Adhesive<br />
• Industry <strong>Rubber</strong> Products<br />
• Other<br />
See More Reports <strong>of</strong> this Category by Million Insights @<br />
https://www.millioninsights.com/industry/rubber
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