Chloroprene Rubber Market to Grow at 5% and 6% CAGR Based on Production and Consumption to 2019 Says New Research Report at ReportsnReports.com
Chicago, IIIinois (PRWEB) July 31, 2015 -- Global Chloroprene Rubber (CR) Market 2015-2019 is a detailed market research report providing competitive analysis with highlighting major aspects of the Chloroprene Rubber (CR) industry. The wide-ranging list of end-users of the Chloroprene rubber (CR) provides enormous growth prospects for the industry. According to the research report, the global Chloroprene rubber market is estimated to grow at a CAGR of 5.89% and 6.36% on the basis of production and consumption, over the forecast period 2014-2019.
Browse the 76 page report, Global Chloroprene Rubber (CR) Market 2015-2019 at http://www.reportsnreports.com/reports/405102-global-chloroprene-rubber-cr-market-2015-2019.html . The report provides 36 Exhibits to support the research.
Chloroprene Rubber (CR) is a synthetic polymer known for its elastomeric abilities and viscoelastic properties. The Chloroprene Rubber (CR) has high resistance levels against anxiety, weather, ozone, and chemicals, along with low flammability, making it the most widely used polymer in the automotive, manufacturing, consumer goods, and medical industries. The automotive industry has a significant contribution in the global chloroprene rubber (CR) market, holding majority of the consumption share in 2014. The constantly increasing demand and limited suppliers in the market has attracted further competition in the industry, with new market players investing significant amount and resources in R&D of new and improved product.
Global Chloroprene Rubber (CR) Market 2015-2019, begins with a detailed introduction to the industry by elaborating the industry terminologies and abbreviations used in the report, along with explaining its application scope over various levels of the global chloroprene rubber (CR) market. Then, the report highlights the market research methodology through evaluating the market research process and the research methodology. A comprehensive market landscape analysis is incorporated in the further sections of the report that drafts a five forces analysis of the industry along with an overall market overview. Then, the report systematically analyses the global chloroprene rubber (CR) through an evaluation of the production and the consumption figures of the industry over the recent span of time. The entire market competition of the industry is classified under three subsections in the report, that are, market segmentation on the basis of application, market segmentation on the basis of the end users of the industry, and geographical segmentation of the market on the basis of key-business regions.
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Denka signed a definitive agreement with DuPont, to sell DuPont's neoprene polychloroprene business to Denka Performance Elastomer, a new joint venture company owned 70% by Denka and 30% by Mitsui. Neoprene, invented by DuPont in 1931, is a synthetic rubber used for some chemical and climate-safe items, such as wet suits and orthopedic supports. It is also utilized as a base resin in cements, electrical sheathing, and coatings. DuPont is the main producer of neoprene polychloroprene in North America at its Pontchartrain Works site in Los Angeles, US.
CR is used in the manufacture of tires, oil seals, and even in tire adhesive in the automotive sector. The rapid growth of the automotive sector in developing countries and increased demand for high-performance tires, oil seals, and even in tire adhesive, are contributing to the growth of the global CR market. Tires are being made from CR as it provides improved performance, safety, and fuel efficiency. APAC was the largest producer and consumer of CR in 2014, with its tire sector exhibiting substantial growth. Due to the low labor and operating costs, many manufacturers have shifted their production facilities to APAC.
The Key Vendors of Global Chloroprene Rubber (CR) Market are: Asahi kasei Chemicals, Chongqing Changshou Chemical, Denka, Dupont, Lanxess and Showa Denko
Other Prominent Vendors of Global Chloroprene Rubber (CR) Market are: China Bluestar New Chemical Materials, Chongqing Longevity Chemical, Nairit Plant and Zenith Industrial Rubber Products
Further, the report analyses other key-aspects of the global chloroprene rubber (CR) market stating the market growth drivers, market challenges and the latest market trend, followed by a key vendor analysis that elaborated the complete company profile of the key-players of the industry.
Market Driver - Automobile Sector contributing the biggest share in the end-user industries of Chloroprene Rubber
Market Challenges - Volatile prices of the Crude Oil
Market Trends - Growing Number of Strategic Alliances in the industry
Lastly, the report drafts a conclusion that comprises precise summarization of all the key findings of the research and various market surveys conducted. Industry experts have thoroughly scrutinized the primary and the secondary informative inputs provided by the existing industry players to formulate the report.
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Ritesh Tiwari, ReportsnReports.com, http://www.reportsnreports.com, +1 (888) 391-5441, [email protected]
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