United States Neoprene Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Neoprene Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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).

Key Market Segmentation:

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:

Butadiene Route
Acetylene Route

Breakup by Grade:

General-Purpose Grade Neoprene
Pre-Crosslinked Grade Neoprene
Sulfer-Modified Grade Neoprene
Slow Crystallizing Grade Neoprene

Breakup by Application:

Technical Rubber
Adhesives Industry
Latex Industry

Breakup by End User:

Automotive
Manufacturing
Consumer goods
Medical

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

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