Global Neoprene Market to grow at a CAGR of 5.53% during the period 2016 - 2020; Finds New Report

Report forecast the global neoprene market to grow at a CAGR of 5.53% during the period 2016-2020.

Neoprene is a synthetic polymer of chloroprene. It has excellent mechanical quality, high ozone and weather resistance, aging resistance, low flammability, high resistance to chemicals and fuel, moderate resistance to oil, and good adhesion to different type substrates.

The report covers the present scenario and the growth prospects of the global neoprene market for 2016-2020.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver is the rising demand from emerging counries. The demand for neoprene in emerging economies will increase at a steady pace during the forecast period. APAC is the largest consumer of neoprene, and China is one of the leaders in neoprene production and consumption. The neoprene market in APAC will grow at a rapid pace during the forecast period. It is anticipated to account for more than half of the production and consumption of neoprene driven by the demand from the automotive and construction industries during the forecast period.

Further, the report states that one challenge that could hinder market growth is the overcapacity of neoprene plants. Overcapacity of neoprene plants at the global level has led to a reduction in exports from Central and Eastern Europe and Asia to North America and Western Europe.

Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global neoprene market: Chongqing Changshou Chemical, Denka, LANXESS, Shanxi Synthetic Rubber Group, and Tosoh.

Other Prominent Vendors in the market are: Mitsui and Showa Denko.

Market driver

• Increase in demand from emerging economies
• For a full, detailed list, view our report

Market challenge

• Overcapacity of neoprene plants
• For a full, detailed list, view our report

Market trend

• Shift of manufacturing base to APAC
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 75 pages and 54 Exhibit “Global Neoprene Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Market segmentation by end-user, Market segmentation by grade, Market segmentation by manufacturing route, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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