According to IMARC Group latest report titled” Europe Neoprene Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The europe neoprene market size is expected to continue its steady growth during the forecast period (2021-2026). Neoprene is a synthetic rubber produced artificially by the free radical polymerization of chloroprene. It is chemically stable and flexible over a wide range of temperatures, offering various advantages over natural rubber latex and other synthetic compounds. It provides strong protection from oxidizing agents, such as alcohols, oils, and acids, and offers resistance to all acetonic solvents.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The Europe neoprene market is primarily driven by its growing applications in diverse industries. In the automotive sector, neoprene is used to manufacture tires, oil seals, power transmission belts, hose covers, and breaking and steering system components. Neoprene is also utilized as a building material based on its ozone and electrical resistance and anti-weathering properties. Besides this, neoprene provides excellent adhesion to fabrics and metals and does not degrade when exposed to sunlight. As a result, it is extensively employed in various products such as orthopedic braces, electrical insulation, hoses, belts, springs, laptop sleeves, flexible mounts, gaskets, adhesives and automotive fan belts.
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Europe Neoprene Market Segmentation:
Our report has categorized the market based on region, manufacturing route, grade, application and end user.
Market Breakup by Manufacturing Route:
- Butadiene Route
- Acetylene Route
Market Breakup by Grade:
- General-Purpose Grade Neoprene
- Pre-Crosslinked Grade Neoprene
- Sulfer-Modified Grade Neoprene
- Slow Crystallizing Grade Neoprene
Market Breakup by Application:
- Technical Rubber
- Adhesives Industry
- Latex Industry
Market Breakup by End User:
- Consumer goods
Market Breakup by Country:
- United Kingdom
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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