Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on neoprene
market provides in-depth analysis of segments and sub-segments in the global as
well as regional neoprene market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional neoprene
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global neoprene market.
According to the report, the global neoprene market is projected to grow at a
CAGR of 4.1% over the forecast period of 2019-2025.
These rubbers are widely used in manufacturing products such as
medical and sports supports. Neoprene resistance to natural gas, hydrogen gas,
ammonium salts, silicone oils, mineral oils, greases, and various chemicals is
a key factor that boosts the demand for neoprene-based products. The global
neoprene market is expected to grow over the forecast period.
An increase in health consciousness among people and growth in
fitness interest among users are the major drivers driving the growth of the
neoprene market across the globe. Several advantages offered by neoprene fabric
such as thermal resistance and chemical resistance, quick-drying, high
stretchability and enhanced comfort drive the growth of the global neoprene
fabric market across the globe. Also, an increase in participation of people in
sports activities fuel the sales of overall performance wear including neoprene
fabric outfits, that in turn boosts the market growth. However, the unstable
cost of raw materials and the high cost of designing may hamper the growth of
the global neoprene market. The increasing demand for neoprene across different
end user industries is anticipated to create an opportunity for the growth of
the neoprene market in the next few years.
In terms of region, the neoprene market is categorized into North
America, Europe, Asia-Pacific, and the Rest of the World. Among all, Asia-Pacific is leading the global market and is expected to dominate the market
during the forecast period. This is attributed to the high demand from the
automotive industry. India, China, and Japan are the major producers and
consumers for neoprene in the Asia-Pacific region. North America is expected to
grow at a beneficial rate in the neoprene market during the forecast period due
to technological advancements in the region. The neoprene market in Europe is
projected to expand due to the global rise in the construction and automotive
industry.
The report on global neoprene market covers segments such as
manufacturing route, grade, application, and end user. On the basis of
manufacturing route, the sub-markets include butadiene route, and acetylene
route. On the basis of grade, the sub-markets include general-purpose grade
neoprene, pre-crosslinked grade neoprene, sulfur-modified grade neoprene, and
slow crystallizing grade neoprene. On the basis of application, the sub-markets
include technical rubber, adhesives industry, and latex industry. On the basis
of end user, the sub-markets include automotive, manufacturing, consumer goods,
and medical.
The report provides profiles of the companies in the market such
as Pidilite Industries, TuHuang Chemical Co., Covestro AG, Shanxi Synthetic
Rubber Group Co Ltd., Lanxess, Tosoh Corporation, Zenith Rubber, Ltd, BGK GmbH Endlosband, The 3M Company, and Sundow Polymers Co., Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of neoprene market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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