Europe Neoprene Market to Reach US$ 426.6 Million by 2032, Stimulated by Significant Growth in Automotive Sector

August 22, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Europe Neoprene Market Report by Manufacturing Route (Butadiene Route, Acetylene Route), Grade (General-Purpose Grade Neoprene, Pre-Crosslinked Grade Neoprene, Sulfer-Modified Grade Neoprene, Slow Crystallizing Grade Neoprene), Application (Technical Rubber, Adhesives Industry, Latex Industry), End User (Automotive, Manufacturing, Consumer Goods, Medical), and Country 2024-2032,” the Europe neoprene market size reached US$ 360.4 Million in 2023. Neoprene, also known as polychloroprene, is a type of synthetic rubber that exhibits excellent chemical stability and flexibility for a wide range of temperatures. This durable, versatile material is well-regarded for its high tensile strength, oil and heat resistance, and ability to withstand degradation from sun, ozone, and weather. It's commonly utilized in a myriad of applications, ranging from automotive parts and industrial hoses to protective gear and clothing, such as wetsuits, gloves, and orthopedic braces. As a water-resistant material with superior insulation properties, neoprene is also found in products, including laptop sleeves, orthopedic braces, and electrical insulation. Its adaptability and resilience have earned neoprene a crucial role across several sectors, making it a highly valuable material in the global market.

Europe Neoprene Market Trends:

The robust demand from the automotive sector majorly drives the market in Europe. This can be supported by the rising adoption of neoprene in manufacturing components, such as hoses, belts, and gaskets, due to its heat, oil, and weather resistance properties. As the European automotive industry continues to expand, the demand for neoprene accelerates. Along with this, the rise in infrastructure development across the continent is bolstering the demand for neoprene in the construction industry, where it's used for applications including window and door seals. In addition, the increasing consumer awareness regarding safety and the high demand for protective gear and clothing is fueling the market growth. Apart from this, the advent of bio-based and sustainable alternatives to conventional neoprene aligns with Europe’s progressive environmental regulations and is stimulating market expansion. Furthermore, the trend of eco-friendly innovation, coupled with the escalating demand from various end-use industries, is creating a positive market outlook. Some of the other factors driving the market include changing consumer preferences and advancements in manufacturing. Looking forward, the market value is projected to reach US$ 426.6 Million by 2032, expanding at a CAGR of 1.83% during 2024-2032.

Market Summary:

Based on the manufacturing route, the market has been segmented into butadiene and acetylene routes.
On the basis of the grade, the market is segregated into general-purpose, pre-crosslinked, sulfer-modified, and slow crystallizing grade neoprenes.
Based on the application, the market has been segmented into technical rubber, adhesives industry, and latex industry.
On the basis of the grade, the market is segregated into automotive, manufacturing, consumer goods, and medical.
Country-wise, the market has been segmented into Germany, France, the United Kingdom, Italy, Spain, and others.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Manufacturing Route Grade Application End User Country
Manufacturing Routes Covered	Butadiene Route, Acetylene Route
Grades Covered	General-Purpose Grade Neoprene, Pre-Crosslinked Grade Neoprene, Sulfer-Modified Grade Neoprene, Slow Crystallizing Grade Neoprene
Applications Covered	Technical Rubber, Adhesives Industry, Latex Industry
End Users Covered	Automotive, Manufacturing, Consumer Goods, Medical
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Europe Neoprene Market to Reach US$ 426.6 Million by 2032, Stimulated by Significant Growth in Automotive Sector

Purchase options

Single User License ~~$3699~~ $2899
Five User License ~~$4699~~ $3899
Corporate User License ~~$5699~~ $4899

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.