Chloroprene Rubber Market Expected to Reach $1.47 Billion by 2029 at a CAGR of 4.6%
Market Overview:
The global chloroprene rubber market is expected to reach USD 1.47 billion by 2029, growing at a CAGR of 4.6% during the forecast period (2022-2029). This growth is driven by several factors, including:
- Rising demand from end-use industries like automotive and construction
- Growing applications in electric vehicles
- Increasing demand for weather-resistant products like wetsuits
For a preview of the dynamic Global Chloroprene Rubber Market, please follow this link: https://www.maximizemarketresearch.com/request-sample/25580
Report Scope:
This report offers a comprehensive analysis of the global chloroprene rubber market, covering:
- Market size and forecast from 2021 to 2029
- Segmentation by grade (linear, cross-linked, etc.) and application (automotive, construction, etc.)
- Regional analysis of North America, Europe, Asia Pacific, and others
- Competitive landscape with key players and their market share
Research Methodology:
The report utilizes a combination of primary and secondary research methodologies to provide insights, historical data, and market projections.
Segmentation and Regional Insights:
By Application:
- The automotive segment is expected to hold the largest market share due to its use in components like hoses and belts.
By Region:
- Europe is expected to witness the highest growth rate due to the presence of major automobile manufacturers and increasing investments in innovation.
- Asia Pacific is expected to see significant growth due to a growing automotive industry and infrastructure development.
Chloroprene Rubber Market Key Players:
• Denka Group
• Asahi Kasei Chemicals Corporation
• DuPont Performance Elastomers
• Dow Chemical Company
• Showa Denko K.K.
• Lanxess AG
• Chongqing Longevity Salt and Chemical Co. Ltd.
• Tosoh Corporation
• Nairit Plant CJSC
• Zenith Industrial Rubber Products Pvt. Ltd.
• Shanxi Synthetic Rubber Group Co. Ltd.
• Polymer-Technik Elbe Gmbh
• Maclellan Rubber Ltd.
• Trelleborg AB
• ARLANXEO
• Polymer-Technik Elbe Gmbh
• Nairit Plant CJSC
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