San Jose, California (PRWEB) May 13, 2014
Follow us on LinkedIn – Chloroprene rubber is one of the widely used grades of rubber. Chloroprene rubber or polychloroprene rubber exhibits strong resistance to flame, weathering and ozone, and is also known to offer resistance to oxidants, aging, oil and abrasion. Polychloroprene rubber is primarily used in automotive and industrial rubber goods such as waterborne adhesives, automotive hoses and belts, dipped goods, footwear, and gloves, among others. In addition to traditional applications, chloroprene rubber-based special adhesive raw materials and lattices can be produced that offer high margins compared to other applications of chloroprene rubber. Growth in the coming years will be driven primarily by increasing demand from industrial rubber products, adhesives and automobiles.
Growth in polychloroprene rubber consumption is likely to be relatively moderate compared to other types of synthetic rubber, due to the increasing threat of substitution from competing polymers specifically EPDM (Ethylene Propylene Diene Monomer) rubber. The threat of substitution has been particularly high in the automotive industry, which is one of the major end-use markets for chloroprene rubber. With the continuous rise in average engine temperatures in automobiles, demand for elastomers or thermoplastics offering higher degree of heat resistance has been registering steady growth, as polychloroprene rubber tends to lose its elastomeric characteristics with rise in temperatures. Adhesive, a major application market for polychloroprene rubber, is also witnessing a shift from solvent-based products towards water-based formulations, thereby impacting demand for chloroprene rubber.
As stated by the new market research report on Chloroprene Rubber, Asia-Pacific represents the largest and the fastest growing regional market worldwide. The region is forecast to grow at a compounded annual rate of 3.4% over the forecast period led by expanding applications in industrial and automobile components. On the other hand, demand has slowed down in developed markets such as North America, Japan, and Western Europe.
Major players covered in the report include Chongqing Changshou Chemical Co. Ltd., Denki Kagaku Kogyo Kabushiki Kaisha, DuPont Performance Elastomers LLC, Lanxess AG, Nairit Plant CJSC, Shanxi Synthetic Rubber Group Co. Ltd., Showa Denko K.K., Tosoh Corporation, 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 market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, Mexico, and Rest of Latin America). End-use applications analyzed in the report 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 1500+ 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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