Chloroprene Rubber Market Globally Expected to Drive Growth through 2025

<p style=”text-align: justify;”>Chloroprene is a colorless liquid which is used as a monomer to produce polymer polychloroprene. Polychloroprene is a type of synthetic rubber. The main attributes of this synthetic rubber are high elasticity, solvent resistance, heat resistance, perspiration, adhesion to different substrates and weather aging. Chloroprene rubber derives demand from a host of end use industries such as rubber industry, and adhesive industry. Chloroprene rubber is also used to manufacture dipped articles such as gloves, to improve bitumen quality and to manufacture molded foam.</p>
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<p style=”text-align: justify;”>Chloroprene rubber finds extensive industrial uses as hoses and belts in automotives, as architectural rubber product and also as general industrial materials. Earlier the application of chloroprene rubber was limited to electrical wires and adhesives. However the market has changed dramatically and now experiences considerable demand from automobile components and industrial products.</p>
<p style=”text-align: justify;”>Majority of the demand for chloroprene rubber comes from China, Japan and the U.S. China in particular has high consumption of chloroprene rubber and its consumption increase is rapid due to the emergence of manufacturing industries in the location. Developing countries in Latin America, Asia Pacific, and Eastern Europe witnessed strong demand for this material. Economic growth, increasing automotive output and emergence of manufacturing industries in these regions have resulted in higher consumption of chloroprene rubber.</p>
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<p style=”text-align: justify;”>Chloroprene rubber is one of the most favored synthetic rubbers. However there are a lot of potential substitutes for its application. One of the main competitors for chloroprene rubber is natural rubber, as they can be easily substituted in applications. The price of rubber serves as the deciding factor between the two. Other than natural rubber, styrene-butadiene rubber, polybutadiene rubber, and polyisoprene have grown is acceptance and is expected to account for substantial demand.</p>
<p style=”text-align: justify;”>Some of the companies who manufacture chloroprene rubber are DuPont Dow Elastomers, Bayer AG, EniChem Elastomers S.A, and TOSOH Corporation.</p>
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