Chloroprene Rubber Market Analysis
Global Chloroprene Rubber Market is estimated to be valued at USD 1,576.3 Million by 2025, registering a CAGR of 3.80%.The growth of the global market is mainly driven by the growing adoption of the product in a broad range of industries such as automotive, electronics, and furniture owing to its superior properties such as resistance to weathering (both in dry and humid climates), excellent combustion behavior, aging and heat resistance, high tensile strength, tear and wear resistance, and high dynamic fatigue resistance.
The market players are emphasizing capacity expansion and new approaches to manufacture chloroprene rubber. Increasing construction activities in the developing countries are likely to offer significant growth opportunities to the players in the global chloroprene rubber market. The growth of the medical industry and the growing popularity of chloroprene rubber in the manufacturing of gloves are also expected to offer growth opportunities for the market players in the years to follow.
the global market has been segmented on the basis of grade, application, end-use industry, and region. On the basis of grade, the global market has been divided into linear, crystallization resistance, sulfur modified, and others. The linear segment held a significant share of 57.7% in 2018 and is expected to register a 3.56% CAGR during the review period. Linear-grade chloroprene rubber is also known as the general purpose of chloroprene rubber grade. General-purpose/linear grade is mostly produced with n-dodecyl mercaptan as the chain transfer agent and sometimes with xanthogen disulfide. The crystallizing resistant segment is expected to register 4.12% CAGR by the end of 2025. The crystallization-resistant grade is used to produce rubber articles, which are required to retain their properties at very low temperatures.

Top Key Players
Market Research Future (MRFR) recognizes Denka Company Limited (Japan), Tosoh Corporation (Japan), ARLANXEO (The Netherlands), SHOWA DENKO K.K (Japan), Shanxi Synthetic Rubber Group Co.Ltd (China), and Chongqing Changshou Chemical Co., Ltd (China), Trelleborg AB (Sweden), Polymer-Technik Elbe Gmbh (Germany), Maclellan Rubber Ltd (Germany), and Zenith Rubber (India) as the Key Players in the Global Chloroprene Rubber Market .

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Regional Analysis

The Global Chloroprene Rubber Market, by region, has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
As per MRFR analysis, the market in Asia-Pacific held the largest market share of 51.6 % in 2018 and is expected to register 4.49% CAGR during the review period. The market growth can be attributed to the rapid growth of major end-use industries particularly automotive, electrical & electronics, and construction.
The market in Europe accounted for the second-largest share in 2018 and is expected to register 3.2% CAGR during the review period. The market in North America was valued at USD 189.5 in 2018 and is expected to reach USD 220.9 by the end of 2025. The market in Latin America and Middle East & Africa are expected to register a growth rate of 3.86% and 3.54% respectively during the forecast period.

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