What is the value of neoprene fiber in the global market?
Neoprene is a synthetic rubber which is produced by the polymerization of chloroprene. Neoprene fabric has excellent weather and thermal resistance along with high tensile strength. The global market of neoprene is valued at around USD 1.95 billion.
The global nylon fiber market can be segmented on the following basis:
Based on product: On the basis of product, the neoprene global market has been segmented into neoprene foam/sponge, neoprene sheet, and neoprene latex. Among all these products, the neoprene rubber sheet holds the largest product segment.
Based on manufacturing route: On the basis of the manufacturing route, the neoprene global market has been segmented into Butadiene Route and Acetylene Route.
Based on market or end-user: On the basis of market or end user, the neoprene global market is segmented into civil engineering, aquatics, home accessories, music equipment, hydroponic gardening, automotive, and others. Among all these sectors the automotive sector holds the largest share of the neoprene market followed by electrical and electronics and building and construction segments.
Based on application: On the basis of application, the global neoprene fabric market is segmented into Technical Rubber, Adhesives Industry, and Latex Industry.
Based on grade: On the basis of grade, the neoprene global market has been segmented into General-Purpose Grade Neoprene, Pre-Crosslinked Grade Neoprene, Sulfur-Modified Grade Neoprene, and Slow Crystallizing Grade Neoprene.
Based on geographical region: On the basis of region, the neoprene global market has been segmented into North America (United States, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia), Asia-Pacific (China, Japan, South Korea, Australia, India and others), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria), and South America (Brazil, Argentina, Columbia, Chile).
Some of the dominant manufacturers operating in the global neoprene market include Pidilite Industries, TuHuang Chemical Co, Denka Company Limited, TOSOH Corporation, Shanxi Synthetic Rubber Group Co Ltd, Sundow Polymers Co, DuPont Chemicals, etc.