Dublin, Feb. 26, 2019 (GLOBE NEWSWIRE) -- The "Neoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global neoprene market reached a volume of 384 kilotons in 2018.

Neoprene offers various advantages over natural rubber latex and other synthetic compounds. Neoprene provides a strong level of protection from oxidizing agents such as alcohols, oils, and acids and offers resistant to all acetonic solvents. It also provides high resistance to physical failures like cuts and is resistant to damage caused by abrasion, flexing and twisting. Neoprene also does not degrade in the presence of sun, ozone or weather and provides excellent adhesion to fabrics and metals.

Moreover, Neoprene exhibits good chemical stability and maintains flexibility over a wide temperature range. Compared to natural rubber, neoprene is more gas permeation resistant and can tolerate higher temperatures: up to 200 degrees Fahrenheit (F). Even at such elevated temperatures, neoprene maintains its integrity, making it better suited to long-term use in high temperature applications compared to natural rubber. Neoprene's polymer structure also allows it to be modified to create a material compound with a diverse range of chemical and physical properties, based on the product needs.

The global demand of neoprene has been increasing continuously over the last few years catalyzed by its superior physical and chemical properties. The automotive sector represents one of the biggest end users of neoprene. In the automotive industry neoprene is used in the manufacturing of tires, oil seals, power transmission belts, breaking and steering system components, hose covers, etc. Apart from the automotive industry, the growth in the construction sector is also catalyzing the demand of neoprene where it is used to provide electrical insulation; seals for windows, doors, and facades; elevator astragals; deviator pads; Highway and bridge seals, etc.

Looking forward, we expect the global neoprene market to reach a volume of 498 kilotons by 2024 exhibiting a CAGR of around 4% during 2019-2024.

Market Summary:

• Based on the manufacturing route, the market has been segmented into the butadiene route and acetylene route. The butadiene route currently accounts for a higher share.
• Based on the grade, the market has been segmented into general-purpose grade neoprene, pre-crosslinked grade neoprene, sulfer-modified grade neoprene and slow crystallizing grade neoprene.
• Based on the application, the market has been segmented into technical rubber, adhesives industry and latex industry. Technical rubber currently represents the biggest segment.
• Based on the end-user, the market has been segmented into automotive, manufacturing, consumer goods and medical. The automotive segment currently represents the biggest end user.
• Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest region, accounting for the majority of the global market.

Key Questions Answered in This Report:

• How has the global neoprene market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global neoprene industry?
• What is the breakup of the global neoprene market on the basis of manufacturing route?
• What is the breakup of the global neoprene market on the basis of grade?
• What is the breakup of the global neoprene market on the basis of application?
• What is the breakup of the global neoprene market on the basis of end-user?
• What are the various stages in the value chain of the global neoprene market?
• What are the key driving factors and challenges in the global neoprene market?
• What is the structure of the global neoprene market and who are the key players?
• What is the degree of competition in the global neoprene market?
• How is neoprene manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends

5 Global Neoprene Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Manufacturing Route
5.4 Market Breakup by Grade
5.5 Market Breakup by Application
5.6 Market Breakup by End-User
5.7 Market Breakup by Region
5.8 Market Forecast

6 Market Breakup by Manufacturing Route
6.1 Butadiene Route
6.2 Acetylene Route

7 Market Breakup by Grade
7.1 General-Purpose Grade Neoprene
7.2 Pre-Crosslinked Grade Neoprene
7.3 Sulfer-Modified Grade Neoprene
7.4 Slow Crystallizing Grade Neoprene

8 Market Breakup by Application
8.1 Technical Rubber
8.2 Adhesives Industry
8.3 Latex Industry

9 Market Breakup by End-User
9.1 Automotive
9.2 Manufacturing
9.3 Consumer Goods
9.4 Medical

10 Market Breakup by Region
10.1 Asia Pacific
10.2 North America
10.3 Europe
10.4 Middle East and Africa
10.5 Latin America

11 Global Neoprene Industry: SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Global Neoprene Industry: Value Chain Analysis
12.1 Overview
12.2 Research and Development
12.3 Raw Material Procurement
12.4 Manufacturing
12.5 Marketing
12.6 Distribution
12.7 End-Use

13 Global Neoprene Industry: Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Global Neoprene Industry: Price Analysis
14.1 Price Indicators
14.2 Price Structure
14.3 Margin Analysis

15 Neoprene Manufacturing Process
15.1 Product Overview
15.2 Raw Material Requirements
15.3 Manufacturing Process
15.4 Key Success and Risk Factors

16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Denka
16.3.2 Lanxess
16.3.3 Showa Denko
16.3.4 Tosoh
16.3.5 Zenith Rubber
16.3.6 DowDuPont
16.3.7 GK GmbH Endlosband
16.3.8 Pidilite Industries Ltd.
16.3.9 Covestro AG
16.3.10 Asahi Kasei Corporation

For more information about this report visit https://www.researchandmarkets.com/research/7mm3qt/global_neoprene?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Rubber, Synthetic Textiles