Chloroprene Rubber Market |Trends, Size, Top 10 Key Players & Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Market Overview / Study Objective / Synopsis Chloroprene Rubber Market Research Report – Global Forecast to 2023 Chloroprene Rubber offers greater resistance to oils and solvents than its counterpart natural rubber and synthetic styrene butadiene rubber (SBR), and against the destructive effects of sunlight, aging and oxidation. This is solely because chloroprene is a liquid similar to its other counterpart isoprene in chemical structure, the only difference being chloroprene having a chlorine atom where isoprene has a methyl group. The significant properties such as resistant to heat, abrasion, and flame. Its resilience is lower than that of natural rubber and decreases rapidly at lower temperature. Major applications are found in rubber industry, as raw material for modifying adhesives and in latex products manufacturing.

Competitive Analysis As per our Analysis, some of the prominent market factors and trends identified in the Global Chloroprene Rubber Market are rising demand for protective linings in many chemical plants owing to rapid industrialization, rising demand for chloroprene based rubber components in automobiles, and increasing demand for modified adhesives with Chloroprene. Moreover, the demand for Chloroprene rubber is predicted to witness significant growth over the assessment period due to inefficient Chloroprene Rubber counterpart such as synthetic SBR, natural rubber and isoprene. Rising demand for chloroprene based bearing pads in building bridges owing to increasing intra and inter trade & transportation is anticipated to be an important driver for Chloroprene Rubber Market during the review period. Increasing automobile production and sales along with rising consumption of chloroprene based automotive components is estimated to fuel the growth of the market. Chloroprene Rubber Market Research Report – Global Forecast to 2023

Top 10 Global key Players & Their Strategy Chongqing Changshou Chemical Co., Ltd. (China), Denka Company Limited (Japan), The Dow Chemical Company (U.S.), Denka Company Limited (the Netherlands), MITSUI & CO., LTD. (Japan), Tosoh Corporation (Japan), Shanxi Synthetic Rubber Group Co.Ltd (China), SHOWA DENKO K.K. (Japan), The Goodyear Tire & Rubber Company (U.S.), and Dunlop (U.S.) Chloroprene Rubber Market Research Report – Global Forecast to 2023

Segmentation Analysis The Global Chloroprene Rubber Market is categorized on the basis of type, application, and region. On the Basis of Grade, the market is bifurcated into linear, cross-linked, sulfur modified, and crystallizing resistant. On the basis of End Use Industry, the chloroprene rubber market is categorized into automobile, construction, furniture, chemical industries, textiles, and others. On the basis of Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Chloroprene Rubber Market Research Report – Global Forecast to 2023

Regional Analysis U.S accounts for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in the production of crude oil. Furthermore, penetration of light weight transportation trucks and vehicles is predicted to boost the existing growing chloroprene based tire market in this region. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in chloroprene rubber. Chloroprene Rubber Market Research Report – Global Forecast to 2023

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