Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Chloroprene Rubber Market, 2025.

Chloroprene Rubber (CR), also known as chlorobutadiene rubber and sometimes roughly referred as Neoprene is a prominent diene-based elastomer. CR finds its uses in range of applications, from custom applications in the general rubber industry to the demanding chemical and automotive applications where high-performance is expected. Similarly, it is absorbed in various sectors such as construction, furniture, and textiles, among others.

Recognizing the potential of the market to grow further in the years to come, Market Research Future (MRFR) has published a detailed study report giving out the market forecast for the period 2017 – 2023. In its analysis, MRFR asserts that the global Chloroprene Rubber market is expected to garner exponential growth by 2023, growing at a considerable CAGR during the review period of 2017-2023.

Furthermore, growing population and urbanization worldwide are propelling the market growth. Improving economic conditions worldwide, provide impetus to the market growth, improving the consumers’ purchasing power. investments

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Global Chloroprene Rubber Market - Competitive Analysis

Vendors operating in the Chloroprene Rubber Market strive to deliver the best quality products based on innovative technologies, and best practices. The high growth potential CR demonstrated by the market is likely to attract many entrants to the market resulting into intensified competition further.

Global Chloroprene Rubber Market - Regional Analysis

Europe region accounted for the largest market share in 2016, and is estimated to grow at the highest CAGR during the forecast period. The dominance of Europe market is mainly due to the growing markets for Automobiles, Construction, & Furniture among others, mainly in Germany, the UK & France. Moreover, factors such as high adoption rate by the automobile manufacturers coupled with the increased expenditure in innovation backed by the increased affordability of consumers are predicted to drive the market in the forecast period.

North America accounted for the second largest market share of the global Chloroprene Rubber market in 2016. The market is further predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. The US among the other North American countries is a significant contributor to the regional market growth and is expected to account for phenomenal accruals, witnessing a considerable demand during the forecast period, 2017 to 2023.


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