1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
Global Chloroprene Rubber Industry

Global Chloroprene Rubber Industry

  • April 2021
  • 273 pages
  • ID: 552778
  • Format: PDF
  • Global Industry Analysts


Table of Contents


Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

- With Widespread Industrial Applications, Falling Industrial Output Erodes 41,000 Metric Tons of Chloroprene Rubber Consumption Worldwide
- Impacted by the repercussions of plummeting manufacturing PMI & declining industrial output, global market for Chloroprene Rubber is expected to lose over 41,000metric tons in consumption in the year 2020 and thereafter recover to reach 337,427 metric tons by the year 2027 trailing a post COVID-19 CAGR of 3.7% over the analysis period 2020 to 2027. Chloroprene rubber finds widespread use in the manufacture of gaskets, cable jackets, tubing, seals, O-rings, tire-sidewalls, gasoline hoses, weather-resistant products, orthopedic braces, adhesives, electrical insulations and coatings. Division of labor, modular manufacturing strategies, outsourcing to reduce costs and increase the efficiency, consistency, and quality of each operations, have made the manufacturing sector most vulnerable amid the lockdown restrictions. An indication of the grim state of affairs is the fact that global manufacturing PMI is already declining and will fall to an estimated all-time low in 2020 as compared to the 53.8 in 2019. With roots in China, the world’s supply chains are facing unprecedented disruption and shutdown. Interwoven with a demand crisis, the supply chain shocks are exerting a compounded blow to manufacturing companies worldwide. A combination of all the aforementioned macro-economic issues alongside more specific factors such as suspension of the transportation and changes in demand patterns have dealt a debilitating blow to the manufacturing industry. On a monthly basis, global manufacturing PMI continuously degraded from 52.2 points in January 2020 to 39.6 points in April 2020 and 42.4 points in May 2020. This indicates severe contraction of manufacturing activity including new orders, production, employment, supplier deliveries, inventories, customers’ inventories, commodity prices, order backlog, new export orders, and imports. Business investment confidence is tumbling amidst poor demand, falling profits, liquidity crunch and a reeling global economy. The "great lockdown" of 2020 has crushed the global economy and with it the manufacturing sector.
- The decline in auto production led by demand reduction is impacting demand for chloroprene in the production of automotive parts& components. The $900 billion loss sustained by the collapsing construction industry is leading to steep declines in demand for rubber roofing, rubber flooring & geomembranes for waterproofing applications. With global GDP dipping into the red at -3% for the year 2020, sales of textiles, garments and apparel remains subdued. As businesses struggle to keep afloat, job cuts and bankruptcies are expected to rise sending millions into unemployment. Unemployment rates are climbing to worrisome levels in both developed and developing economies alike. In the US alone, over 5.2 million people have filed for unemployment claims over the last 1 month. The loss in consumer confidence and erosion of household wealth and discretionary spending will impact virtually every industry and business worldwide. The COVID-19 pandemic has therefore pushed consumers to conserve cash. With unemployment rates rising amid the virus induced economic crisis, consumers are cutting spending budgets. Unemployment rates have hit never-before highs with the US topping the charts with 12.5% unemployed as a % of total labor force. Social outlook against this background remains grim with households expected witness erosion in wealth. Personal financial outlook, community, economy, job security confidence, purchasing and investment confidence are all tumbling as the human and economic cost of the global pandemic rises. With consumer discretionary spends hit hard, polychloroprene used in textiles is declining in sync with falling demand for neoprene fabric products like diving and surfing suits. The declining CAPEX in the chemical industry highlights the ravages wrought by the pandemic on chemical plant operations, production, capacity expansion& plant upgrade plans.
- In the post COVID-19 period, even as the market recovers, environmental issues associated with chloroprene rubber production will storm into the spotlight. Chloroprene rubber is associated with environmental degradation when not recycled or reprocessed. The rubber waste is produced from materials that are not properly discharged. The post-industrial waste matter is produced during molding and processing elastomers in the production line. Moreover, in certain situations the quantity of waste is equal to the production. The most suitable way of reducing amount of polymeric waste, as well as of minimizing environmental hazards produced by such wastes is improvement in recycling methods. Vulcanized rubbers cause major problem in recycling, while discharge rubber that is used as fuel in generating steam and electricity cause air pollution. Hence reclaiming of scrap rubber is the most desired technique for solving this problem. The reclaiming method, also known as devulcanization, can be roughly classified into two categories: chemical reclaiming and physical reclaiming techniques. The process of microwave devulcanization is a pollution control method for reclaiming sulfur vulcanized elastomer comprising polar groups. The high cost of chloroprene rubber will lead to a shift towards alternatives such as EPDM (Ethylene Propylene Diene Monomer), which is priced considerably low compared to CR. Chloroprene rubber, though versatile, faces challenge from many substitute materials such as natural rubber as well as other synthetic rubbers, including isoprene, acrylonitrile butadiene copolymer (nitrile rubber), epichlorohydrin rubber, and styrene-butadiene rubber. The threat of substitution has been particularly high in the automotive industry, which is one of the major end-use markets of chloroprene rubber.

- Select Competitors (Total 28 Featured) -
  • Chongqing Changshou Chemical Co., Ltd.
  • Denka Co., Ltd.
  • Maclellan Rubber Ltd
  • Shanxi Synthetic Rubber Group Co., Ltd.
  • Showa Denko K.K.
  • Tosoh Corporation
  • Trelleborg AB
  • Zenith Industrial Rubber Products Pvt. Ltd.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Nitrile Butadiene Rubber (NBR) Markets in China

  • $ 4000
  • April 2021
  • 223 pages

China’s demand for Nitrile Butadiene Rubber (NBR) has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a ...

  • China
  • Synthetic Rubber
  • Industry analysis
  • Industrial Production
  • Labour Force

Polyisobutylene Markets in China $ 4000 January 2021


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on