The United States neoprene market is currently witnessing moderate growth. Neoprene is a synthetic rubber artificially produced from butadiene through chlorination, isomerization and dehydrochlorination. It is widely used as a substitute for natural latex rubber due to its high-temperature resistance and protection against oxidizing agents. It also offers high tensile strength and ozone resistance. Consequently, it finds extensive applications in various industry verticals, such as automotive, medical, consumer goods and construction.
The increasing population, along with the escalating demand for neoprene from different end use industries to produce customized and efficient products, is strengthening the market growth. For instance, it is widely used in the automotive and construction industries for manufacturing window seals and gaskets, power transmission belts, and shock absorber seals. However, the sudden surge in the coronavirus disease (COVID-19) patients has resulted in lockdowns by the Federal Government of the United States. It has negatively impacted the market growth on account of the temporary closure of various manufacturing units and halt in international trade. The market is anticipated to recover once lockdown relaxations are introduced. 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 United States 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.
Breakup by Manufacturing Route:
Breakup by Grade:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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