companiesandmarkets.com offers a new market research report on chloroprene rubber titled ‘Chloroprene Rubber: A Global Strategic Business Report’. The report predicts that the global demand for chloroprene rubber would achieve 445.3 thousand metric tons in 2017 and industrial rubber, adhesive and automotive industries will be the major consumers.
The growth of thermoplastic elastomers is an important development in the chloroprene rubber market, as they surpass traditional rubber products. The economic downturn has severely affected the natural and synthetic market due to recession in the construction and automotive industries.
Reduced demand has lowered the prices of both synthetic and natural rubber considerably. Buyers are leveraging the price factor by replacing cheaper versions, depending on end uses. China, which is the major production base for chloroprene rubber, is demonstrating significant growth, especially in the industrial and automotive segments.
Asia Pacific, Latin America, Eastern and Central Europe are other promising markets for chloroprene rubber, among which Asia Pacific is the quickest and largest expanding market for the rubber. Adhesives is the largest application market for chloroprene rubber, while the industrial rubber market shows better prospects in terms of growth, especially in the household appliances, construction, office and computer equipment, aerospace, mining and forestry markets.
Production methods for chloroprene rubber have developed significantly with vulcanization method replacing the smoked rubber suppression method. The report features company profiles of 20 major players in the chloroprene rubber industry. it includes detailed historical and outlook data from 2003 to 2017.
Source: http://www.companiesandmarkets.com