Chloroprene Rubber Market: Current Analysis and Forecast (2021-2027)


Emphasis on Production Method (Acetylene and Butadiene); Grade (Industrial, Adhesive, and Latex); Application (Wires And Cables, Automobile Rubber Parts, Belts And Hoses, Rubber Linings, Sponges, And Wet Suits, General Purposes, and Adhesives); and Region and Country









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Report Description
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Research Methodology

Report Description

Chloroprene Rubber Market
Chloroprene Rubber Market

The global chloroprene rubber market is expected to showcase a growth of over 4% during the forecast period (2021-2027). Chloroprene is a type of a synthetic rubber, since over the years the demand of synthetic rubber is increasing owing to easy availability, competitive cost compared to natural rubber, and suffice the physical and chemical requirement of end-use industries like automotive. Thus, increasing the preference for synthetic rubbers among manufacturers, thereby increasing the demand for chloroprene rubber as it is used in a wide range of application areas like automotive rubber parts, wires and cables, belts and hoses, and adhesive, among others.

However, chloroprene rubber industry is witnessing challenges in last few years with the decreasing production of automobiles. First change in the rules & regulation related to environment followed by COVID-19 had disrupted the global automobiles market. This in turn impacted the demand of chloroprene. In automobile industry, chloroprene is used in the production of air suspensions, constant velocity joint boots, rack and pinion boots, power steering hoses, brake hoses, belts for various drives, packing, joints, dust-proof caps, anti-vibration materials.

Insights Presented in the Report

“Amongst production method, butadiene held prominent share in the market in 2020.”

Based on production method, the market is categorized into acetylene and butadiene. Among both, butadiene held the significant share in the market and is expected to showcase significant growth during the forecast period. Large number of manufacturers prefer butadiene process as it is less energy-intensive and has low investment cost. Further, in case of acetylene way, production of vinyl acetylene is unstable which makes the reaction more intricate

“Amongst grade, industrial grade held prominent share in the market in 2020.”

Based on grade, the market is categorized into industrial, adhesive, and latex. Among all, industrial grade chloroprene has dominant share in the market. This can be attributable to wide use of chloroprene rubber in a wide range of industrial goods manufacturing like it is used as sheaths for wires and cables, automobile parts, belts and hoses, rubber linings, sponges, and wet suits, among others

“Asia-Pacific captured significant position in the Chloroprene Rubber market”

For a better understanding of the market adoption of chloroprene rubber, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World.  Asia-Pacific held the considerable share in the global chloroprene rubber market owing to large and rapidly growing end-use industry particularly in countries like China and India. Countries like China, Japan, South Korea, and India are among the largest automobile producers in the world and production is further likely to increase as increasing demand of vehicles in countries like India and China and growing adoption of electric vehicles. Further, shifting of manufacturing facilities from western economies to the Asia-Pacific is increasing the consumption of Chloroprene Rubber

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry

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1.1.   Market Definitions
1.2.   Limitation
1.3.   Stake Holders
1.4.   Currency used in Report
2.1.   Research Process of the Chloroprene Rubber Market
2.2.   Research Methodology of the Chloroprene Rubber Market
2.3.   Forecasting Method
2.4.   Respondent Profile
2.5.   Main Objective of the Chloroprene Rubber Market Study




7.1.   Acetylene
7.2.   Butadiene
8.1.   Industrial
8.2.   Adhesive
8.3.   Latex
9.1.   Wires and Cables
9.2.   Automotive Rubber Parts
9.3.   Belts and Hoses
9.4.   Rubber Linings, Sponges, and Wet Suits
9.5.   General Purposes
9.6.   Adhesives
10.1.                     North America Chloroprene Rubber Market 
10.1.1.    United States
10.1.2.    Canada
10.1.3.    Rest of North America
10.2.                     Europe Chloroprene Rubber Market 
10.2.1.    Germany
10.2.2.    France
10.2.3.    United Kingdom
10.2.4.    Spain
10.2.5.    Rest of Europe
10.3.                     Asia Pacific Chloroprene Rubber Market
10.3.1.    China
10.3.2.    Japan
10.3.3.    India
10.3.4.    Australia
10.3.5.    Rest of Asia Pacific
10.4.                     Rest of World Chloroprene Rubber Market 
11.1.                     Market Drivers
11.2.                     Market Challenges
11.3.                     Impact Analysis
15.1.                     Demand Side Analysis
15.2.                     Supply Side Analysis
15.2.1.    Top Product Launches
15.2.2.    Top Business Partnerships
15.2.3.    Top Business Expansions, Investments and Divestitures
15.2.4.    Top Merger and Acquisitions
17.1.                     Competitive Landscape
17.1.1.    Porters Fiver Forces Analysis          Bargaining Power of Buyer          Bargaining Power of Supplier          Intensity of Rivalry          Threats of New Entrant          Threat of Substitute
17.1.2.    Company Shares, by Revenue
17.1.                     Competitive Landscape
17.1.1.    Porters Fiver Forces Analysis          Bargaining Power of Buyer          Bargaining Power of Supplier          Intensity of Rivalry          Threats of New Entrant          Threat of Substitute
17.1.2.    Company Shares, by Revenue
18.1.                     Tosoh Corporation
18.2.                     Denka Company Ltd.
18.3.                     ARLANXEO
18.4.                     SEDO Chemicals Neoprene GmbH
18.5.                     Shanghai TuHuang International Trading Co. Ltd.
18.6.                     Chongqing ChangFeng Chemical Co. Ltd.
18.7.                     Chongqing Changshou Chemical Co. Ltd.
18.8.                     Showa Denko K. K.

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Chloroprene Rubber three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Chloroprene Rubber industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Chloroprene Rubber through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Chloroprene Rubber market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segment included in the report by production method, grade, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Chloroprene Rubber globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Chloroprene Rubber. Further, we conducted factor analysis using dependent and independent variables such as increasing demand of wires and cables and growing adoption of electrical vehicles leading to demand of chloroprene rubber. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the Chloroprene Rubber industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Chloroprene Rubber market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Chloroprene Rubber across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Chloroprene Rubber market. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Chloroprene Rubber Market
Chloroprene Rubber Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Chloroprene Rubber market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of production method, grade, and application.

The main objective of the Chloroprene Rubber market study

The current & future market trends of global Chloroprene Rubber were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Chloroprene Rubber in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include area of production method, grade, and application
  • Defined analysis of the regulatory framework for the Chloroprene Rubber industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Chloroprene Rubber for the major countries
  • Major regions/countries analyzed in the report includes North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Chloroprene Rubber market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country level analysis of the industry