According to IMARC Group latest report titled” United States Neoprene Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The United States Neoprene Market to exhibit moderate growth during the next five years.
Neoprene, also called polychloroprene or chloroprene, is a synthetic rubber produced by polymerization. It offers high tensile strength, and resistance against oil, flame and degradation by oxygen and ozone. The high temperature tolerance and aversion to oxidizing agents of neoprene makes it an ideal replacement for natural latex rubber. On account of these properties, it is widely utilized in various industries, including medical, automotive, and construction.
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The United States neoprene market is primarily being driven by its increasing demand across different end-use industries. For instance, it is extensively utilized in the production of window seals, gaskets, power transmission belts, and shock absorber seals in the automotive and construction industries, which is contributing to the market growth. Moreover, the rising preference for recreational aquatic activities is acting as another major growth-inducing factor. Since neoprene forms a crucial material in the manufacturing of protective clothing, such as wetsuits, this is driving the market growth. Other factors, such as extensive research and development (R&D) and the introduction of high-performance neoprene rubber sealing components, are creating a positive outlook for the market further in the country.
United States Neoprene Market Segmentation:
Our report has categorized the market based on region, manufacturing route, grade, application and end user.
Market Breakup by Manufacturing Route:
- Butadiene Route
- Acetylene Route
Market Breakup by Grade:
- General-Purpose Grade Neoprene
- Pre-Crosslinked Grade Neoprene
- Sulfer-Modified Grade Neoprene
- Slow Crystallizing Grade Neoprene
Market Breakup by Application:
- Technical Rubber
- Adhesives Industry
- Latex Industry
Market Breakup by End User:
- Consumer goods
Market Breakup by Region:
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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