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Neoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global neoprene market size reached 409.6 Kilotons in 2021. Looking forward, IMARC Group expects the market to reach 491.3 Kilotons by 2027, exhibiting a growth rate (CAGR) of 3.23% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Neoprene is a synthetic rubber produced artificially by free radical polymerization of chloroprene. It was first developed in the 1930s, as an oil-resistant substitute for natural latex rubber with DuPont being the first to market the compound in 1931. Neoprene offers various advantages over natural rubber latex and other synthetic compounds. Neoprene provides a strong level of protection from oxidizing agents such as alcohols, oils, and acids and offers resistant to all acetonic solvents. It also provides high resistance to physical failures like cuts and is resistant to damage caused by abrasion, flexing and twisting. Neoprene also does not degrade in the presence of sun, ozone or weather and provides excellent adhesion to fabrics and metals. Moreover, Neoprene exhibits good chemical stability and maintains flexibility over a wide temperature range. Compared to natural rubber, neoprene is more gas permeation resistant and can tolerate higher temperatures: up to 200 degrees Fahrenheit (F). Even at such elevated temperatures, neoprene maintains its integrity, making it better suited to long-term use in high temperature applications compared to natural rubber. Neoprene’s polymer structure also allows it to be modified to create a material compound with a diverse range of chemical and physical properties, based on the product needs.

The global demand of neoprene has been increasing continuously over the last few years catalyzed by its superior physical and chemical properties. The automotive sector represents one of the biggest end users of neoprene. In the automotive industry neoprene is used in the manufacturing of tires, oil seals, power transmission belts, breaking and steering system components, hose covers, etc. Apart from the automotive industry, the growth in the construction sector is also catalyzing the demand of neoprene where it is used to provide electrical insulation; seals for windows, doors, and facades; elevator astragals; deviator pads; Highway and bridge seals, etc.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global neoprene market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on manufacturing route, grade, application and end-user.

Breakup by Manufacturing Route:

  • Butadiene Route
  • Acetylene Route


Based on the manufacturing route, the market has been segmented into the butadiene route and acetylene route. The butadiene route currently accounts for a higher share.

Breakup by Grade:

  • General-Purpose Grade Neoprene
  • Pre-Crosslinked Grade Neoprene
  • Sulfur-Modified Grade Neoprene
  • Slow Crystallizing Grade Neoprene


Based on the grade, the market has been segmented into general-purpose grade neoprene, pre-crosslinked grade neoprene, sulfur-modified grade neoprene and slow crystallizing grade neoprene.

Breakup by Application:

  • Technical Rubber
  • Adhesives Industry
  • Latex Industry


Based on the application, the market has been segmented into technical rubber, adhesives industry and latex industry. Technical rubber currently represents the biggest segment.

Breakup by End-User:

  • Automotive
  • Manufacturing
  • Consumer Goods
  • Medical


Based on the end-user, the market has been segmented into automotive, manufacturing, consumer goods and medical. The automotive segment currently represents the biggest end user.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America


Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest region, accounting for the majority of the global market.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Denka Corporation, Lanxess, Showa Denko, Tosoh, Zenith Rubber, GK GmbH Endlosband, Pidilite Industries Ltd., Covestro AG and Asahi Kasei Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Kilotons
Segment Coverage Manufacturing Route, Grade, Application, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Denka Corporation, Lanxess, Showa Denko, Tosoh, Zenith Rubber, GK GmbH Endlosband, Pidilite Industries Ltd., Covestro AG and Asahi Kasei Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global neoprene market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global neoprene industry?
  • What has been the impact of COVID-19 on the global neoprene market?
  • What is the breakup of the global neoprene market on the basis of manufacturing route?
  • What is the breakup of the global neoprene market on the basis of grade?
  • What is the breakup of the global neoprene market on the basis of application?
  • What is the breakup of the global neoprene market on the basis of end-user?
  • What are the various stages in the value chain of the global neoprene market?
  • What are the key driving factors and challenges in the global neoprene market?
  • What is the structure of the global neoprene market and who are the key players?
  • What is the degree of competition in the global neoprene market?
  • How is neoprene manufactured?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5   Global Neoprene Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Manufacturing Route
    5.5    Market Breakup by Grade
    5.6    Market Breakup by Application
    5.7    Market Breakup by End-User
    5.8    Market Breakup by Region
    5.9    Market Forecast
6   Market Breakup by Manufacturing Route
    6.1    Butadiene Route 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Acetylene Route 
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by Grade
    7.1    General-Purpose Grade Neoprene 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Pre-Crosslinked Grade Neoprene 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Sulfur-Modified Grade Neoprene 
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Slow Crystallizing Grade Neoprene 
        7.4.1    Market Trends
        7.4.2    Market Forecast
8   Market Breakup by Application
    8.1    Technical Rubber 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Adhesives Industry 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Latex Industry 
        8.3.1    Market Trends
        8.3.2    Market Forecast
9   Market Breakup by End-User
    9.1    Automotive  
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Manufacturing 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Consumer Goods 
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Medical 
        9.4.1    Market Trends
        9.4.2    Market Forecast
10  Market Breakup by Region
    10.1    Asia Pacific
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    North America 
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Europe 
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11  Global Neoprene Industry: SWOT Analysis 
    11.1    Overview 
    11.2    Strengths
    11.3    Weaknesses 
    11.4    Opportunities
    11.5    Threats
12  Global Neoprene Industry: Value Chain Analysis 
    12.1    Overview
    12.2    Research and Development
    12.3    Raw Material Procurement
    12.4    Manufacturing
    12.5    Marketing
    12.6    Distribution
    12.7    End-Use
13  Global Neoprene Industry: Porters Five Forces Analysis 
    13.1     Overview 
    13.2     Bargaining Power of Buyers
    13.3     Bargaining Power of Suppliers 
    13.4     Degree of Competition
    13.5     Threat of New Entrants
    13.6     Threat of Substitutes
14  Global Neoprene Industry: Price Analysis 
    14.1      Price Indicators
    14.2      Price Structure
    14.3      Margin Analysis
15  Neoprene Manufacturing Process
    15.1    Product Overview
    15.2    Raw Material Requirements
    15.3    Manufacturing Process
    15.4    Key Success and Risk Factors
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Denka Corporation
        16.3.2    Lanxess 
        16.3.3    Showa Denko 
        16.3.4    Tosoh 
        16.3.5    Zenith Rubber 
        16.3.6    GK GmbH Endlosband 
        16.3.7    Pidilite Industries Ltd.  
        16.3.8    Covestro AG 
        16.3.9     Asahi Kasei Corporation 

List of Figures

Figure 1: Global: Neoprene Market: Major Drivers and Challenges
Figure 2: Global: Neoprene Market: Sales Volume (in Kilotons), 2016-2021
Figure 3: Global: Neoprene Market: Breakup by Manufacturing Route (in %), 2021
Figure 4: Global: Neoprene Market: Breakup by Grade (in %), 2021
Figure 5: Global: Neoprene Market: Breakup by Application (in %), 2021
Figure 6: Global: Neoprene Market: Breakup by End-User (in %), 2021
Figure 7: Global: Neoprene Market: Breakup by Region (in %), 2021
Figure 8: Global: Neoprene Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 9: Global: Neoprene Industry: SWOT Analysis
Figure 10: Global: Neoprene Industry: Value Chain Analysis
Figure 11: Global: Neoprene Industry: Porter’s Five Forces Analysis
Figure 12: Global: Neoprene (Butadiene Route) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 13: Global: Neoprene (Butadiene Route) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 14: Global: Neoprene (Acetylene Route) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 15: Global: Neoprene (Acetylene Route) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 16: Global: Neoprene (General-Purpose Grade) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 17: Global: Neoprene (General-Purpose Grade) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 18: Global: Neoprene (Pre-Crosslinked Grade) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 19: Global: Neoprene (Pre-Crosslinked Grade) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 20: Global: Neoprene (Sulfur-Modified Grade) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 21: Global: Neoprene (Sulfur-Modified Grade) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 22: Global: Neoprene (Slow Crystallizing Grade) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 23: Global: Neoprene (Slow Crystallizing Grade) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 24: Global: Neoprene (Technical Rubber) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 25: Global: Neoprene (Technical Rubber) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 26: Global: Neoprene (Adhesives Industry) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 27: Global: Neoprene (Adhesives Industry) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 28: Global: Neoprene (Latex Industry) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 29: Global: Neoprene (Latex Industry) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 30: Global: Neoprene (Automotive) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 31: Global: Neoprene (Automotive) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 32: Global: Neoprene (Manufacturing) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 33: Global: Neoprene (Manufacturing) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 34: Global: Neoprene (Consumer Goods) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 35: Global: Neoprene (Consumer Goods) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 36: Global: Neoprene (Medical) Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 37: Global: Neoprene (Medical) Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 38: Asia Pacific: Neoprene Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 39: Asia Pacific: Neoprene Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 40: North America: Neoprene Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 41: North America: Neoprene Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 42: Europe: Neoprene Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 43: Europe: Neoprene Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 44: Middle East and Africa: Neoprene Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 45: Middle East and Africa: Neoprene Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 46: Latin America: Neoprene Market: Sales Volume (in Kilotons), 2016 & 2021
Figure 47: Latin America: Neoprene Market Forecast: Sales Volume (in Kilotons), 2022-2027
Figure 48: Neoprene Manufacturing: Process Flow

List of Tables

Table 1: Global: Neoprene Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Neoprene Market Forecast: Breakup by Manufacturing Route (in Kilotons), 2022-2027
Table 3: Global: Neoprene Market Forecast: Breakup by Grade (in Kilotons), 2022-2027
Table 4: Global: Neoprene Market Forecast: Breakup by application (in Kilotons), 2022-2027
Table 5: Global: Neoprene Market Forecast: Breakup by End-User (in Kilotons), 2022-2027
Table 6: Global: Neoprene Market Forecast: Breakup by Region (in Kilotons), 2022-2027
Table 7: Neoprene: Raw Material Requirements
Table 8: Global: Neoprene Market Structure
Table 9: Global: Neoprene Market: Key Players


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