Resurgence in End-Use Industries to Drive Demand for Chloroprene Rubber, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Chloroprene Rubber markets. Global market for Chloroprene Rubber is projected to reach 445.3 thousand metric tons by the year 2017. Long-term growth in the market would be governed by the pace of resurgence in the end-use industries, namely industrial rubber products, adhesives, and automobiles. In addition, growing demand from emerging economies of Asia-Pacific and Latin America are expected to drive consumption in industrial and automobile components applications.

Chloroprene Rubber: A Global Strategic Business Report

Follow us on LinkedIn – Chloroprene rubber (CR), also known as polychloroprene, is a general purpose rubber valued for its resilience, high tensile strength, adhesion, flame and oil resistance, as well as resistance to ozone and oxygen degradation. Principally, this synthetic rubber is used in products such as belts, flexible mounts, hoses, cable and wire insulation, adhesives, and gaskets, which require resistance towards heat, oil, abrasion, and flame. Chloroprene faces intense competition from natural rubber and other synthetic rubber alternatives. Being an industrial product, growth in the chloroprene market is primarily dictated by various economic factors including resurgence levels in industrial and automobile production, spending patterns of manufacturers, investment activity, and availability of substitute materials. Though demand for chloroprene rubber picked up in 2011, price adjustments were introduced by several companies in response to the steep rise in raw material prices and energy costs. The proportionate increase of chloroprene rubber prices as a result of rise in raw materials cost is expected to ensure consistent supply of chloroprene rubber in the market. Manufacturers are further evading the tight raw material supply situation by focusing on new grades of chloroprene rubber.

As stated by the new market research report on Chloroprene Rubber, Asia-Pacific represents the largest and fastest growing market for chloroprene rubber worldwide. Asia is currently the focal point of growth in the rubber industry. Huge investments are being made in Asia for synthetic rubber plants in tune with the continuing exodus of automobile production to countries such as China and India. Growth prospects in these markets stem from rapid industrialization and improved standards of living signifying the huge demand for radial tires, automotive components, waterproofing materials, and industrial rubber products. Adhesives comprise the largest market for chloroprene rubber, while industrial rubber products constitute the fastest growing application market.

The global rubber industry exhibited early signs of recovery in 2010, led primarily by the Asia-Pacific region. World demand for synthetic rubber increased during the year, driven by the growing demand for SBR in tires from China, India, Russia, Central and Eastern Europe. Currently, production in the global end-use markets continues to remain flat amid the economic volatility that resurfaced in 2011, triggered by weakening demand in the US and the eurozone debt crisis. Positive near term outlook remains conditional upon the easing of European debt situation, favorable change in fiscal policies and the revival in economic fundamentals there off. While the demand for natural rubber continues to be impacted by the debt crisis and volatile demand from China, synthetic rubber market is experiencing improved prospects driven by the growing demand for high performance tires including green tires, in response to the increased emphasis on fuel efficiency and stringent environmental regulations.

Key participants profiled in the report include Asahi Kasei Chemicals Corporation, Denka Group, Dow Chemical Company, DuPont Performance Elastomers, Lanxess AG, Showa Denko K.K., Tosoh Corporation, Nairit Plant CJSC, China Bluestar New Chemical Materials Co., Ltd., Shanxi Synthetic Rubber Group Co., Ltd., and Zenith Industrial Rubber Products Pvt., Ltd.

The research report titled "Chloroprene Rubber: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in volume terms for global and for major geographic markets including North America, Japan, Europe, Asia-Pacific and Rest of World. Key End-use segments analyzed include Industrial Rubber Products, Adhesive, Automobile Products, and Other Applications.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Chloroprene_Rubber_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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