Neoprene Market Growth Trends & Forecast till 2026

July 14, 2022

July 14^th,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Neoprene Market over the trend period from 2015 to 2020 and forecast period from 2021 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Neoprene Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Neoprene Market is no different. Derived from the previous market scenario, the Neoprene Market is likely to witness a CAGR of 3.4% during the forecast period. 

Key Players:

• BGK GmbH Endlosband
• Covestro AG
• Denka Company limited
• Lanxess
• Pidilite Industries
• Shanxi Synthetic Rubber Group Co Ltd
• Sundow Polymers Co., Ltd
• The 3M Company
• Tosoh Corporation
• Zenith Rubber

The Neoprene Market is segmented by–

• by Product Type (Neoprene Sponge/Foam, Neoprene Rubber Sheet, and Neoprene Latex),
• by End-User Type (Automotive, Electrical & Electronics, Building & Construction, Textiles, and Others), and
• by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2042/Neoprene-Market.html#form

Regional analysis:

In terms of regions, Asia-Pacific registered the highest growth in the neoprene market, both in terms of value and volume, in 2020, and is expected to maintain its indomitable lead during the forecast period. Latin America is estimated to be one of the fastest-growing regions in the global market. The growth can be attributed to the rapidly growing automobile sector in Brazil and Mexico. Furthermore, the Middle East is also expected to be a major revenue pocket for the market in the next five years. The flourishing construction sector is expected to bring about a major growth for the neoprene industry in near future.

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

Author : Emily