Global Industry Analysts has released a new market research report on chloroprene rubber industry. Chloroprene rubber is a versatile rubber material and can be processed with organic peroxides. The material is highly elastic and resistant to perspiration, weather aging, ozone, heat and solvents.
Chloroprene rubber is utilized as a general industrial substance, architectural rubber goods, electric wire, and as belts and hoses in motor vehicle parts. Previously, the rubber material was mainly utilized in adhesives and electric wires.
The United States, Japan and China are the major rubber markets in the world. Latin America, Asia-Pacific and nations in Central and Eastern Europe are the major consumers of synthetic rubber. The establishments of more tire and vehicle production plants and stable economy growth in the Latin American and Asian regions have fueled rubber consumption.
According to the report, synthetic rubber, including polyisoprene rubber, polybutadiene rubber and styrene-butadiene rubber, is anticipated to represent a significant percentage of the total global demand for rubber. Rubber production methods and uses in the industry have vastly changed in recent times. For instance, smoked rubber suppression has been substituted by vulcanization in the rubber production.
Thermoplastic elastomers (TPEs) have emerged as the fastest growing segment in the rubber industry. TPE’s low manufacturing expenditures and new applications such as overmolded soft touch uses have increased its consumption.
According to the report says, use of industrial rubber goods will increase in a number of industries, including office equipment, computer, household appliances, aftermarket, OEMs, forestry, mining, aerospace and construction.
Source: http://www.strategyr.com