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The Europe neoprene market is currently witnessing moderate growth. Neoprene is a synthetic polymer produced by the radical polymerization of chloroprene. It offers high tensile strength and prevents degradation from damage caused by the sun, ozone and weather. Moreover, it exhibits remarkable chemical stability, maintains flexibility, and can tolerate temperatures up to 250 degrees Fahrenheit. Consequently, it is used as a substitute for natural latex rubber.
The market growth can be primarily attributed to the extensive utilization of neoprene in the manufacturing and automotive industries across Europe. Apart from this, as it resists physical damages to twisting and flexing, its demand is escalating in the region. Furthermore, the increasing population, along with the strong economy, are also positively influencing the growth of the neoprene market. However, the sudden coronavirus disease outbreak (COVID-19) and lockdowns imposed in different countries of the region have temporarily impacted the production of neoprene across various manufacturing units. This can also be accredited to hindrances caused in international trade on account of the pandemic. The market is anticipated to experience an increase in sales once lockdown relaxations are introduced by governing agencies. On account of these factors, the market is expected to continue its steady growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe neoprene market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, manufacturing route, grade, application and end user .
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report:
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