Headlines

End-Use Demand Drives Global Chloroprene Rubber Market

April 21, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Global market for chloroprene rubber is forecast to reach 445.3 thousand metric tons by 2017, driven by increasing demand from end-use industries such as industrial rubber products, adhesives and automobiles. According to “Chloroprene Rubber: A Global Strategic Business Report,” developing markets such as Asia-Pacific and Latin America are slated to display strong preference for chloroprene rubber in varied industrial and automobile components applications. The market faces intense competition from natural rubber and other synthetic rubber alternatives.

Chloroprene rubber is the most prominent material among various grades of rubber. It is extremely versatile and can be treated with organic peroxides. Various characteristic features of chloroprene rubber, such as high elasticity and resistance to solvents, heat, ozone, weather ageing and perspiration, make it second in popularity to synthetic rubber varieties. Chloroprene rubber is widely used as hoses and belts in motor vehicle components, as electric wire, as architectural rubber product, and as general industrial materials.

This grade of rubber had previously been used primarily in electric wire and adhesives, but it is now in demand for a range of applications, including industrial products and automobile components, especially in Asia.

China, Japan and the U.S. are the leading consumers of rubber worldwide. China, in particular, is the epicenter of growth, owing to robust growth in the domestic manufacture of industrial goods and motor vehicles. Countries in eastern and central Europe, Asia-Pacific, and Latin America have emerged as the major hubs for synthetic rubber consumption. Steady economic growth, increasing vehicular production, and rising number of tire plants in Asia and Latin America are promoting higher consumption. The synthetic rubber market continues to dominate global rubber consumption, with general-purpose synthetic elastomers, such as styrene-butadiene rubber, polybutadiene rubber, and polyisoprene rubber, expected to account for a substantial proportion of the demand. The industry maintains economies of scale in the form of specialization, technological factors and cheap labor, among others.

The adhesives end-use market captures the largest share of overall chloroprene rubber demand. However, with respect to fast-track growth potential, the market for industrial rubber products is projected to forge ahead at the strongest CAGR over the period 2009-2017.

For more information, visit www.strategyr.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40