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Global Market For Chloroprene Rubber To Reach 445.3 Thousand Metric Tons By 2017

4/5/2011 - According to a comprehensive global report on chloroprene rubber from Global Industry Analysts, "The global market for chloroprene rubber is forecast to reach 445.3 thousand metric tons by the year 2017, driven by increasing demand from end-use industries such as industrial rubber products, adhesives and automobiles. Developing markets such as Asia-Pacific and Latin America are slated to display strong preference for chloroprene rubber in varied industrial and automobile components applications. The market faces intense competition from natural rubber and other synthetic rubber alternatives. Chloroprene rubber is the most prominent material among various grades of rubber. The product is extremely versatile and can be treated with organic peroxides. Various characteristic features of chloroprene rubber such as high elasticity, resistance to solvents, heat, ozone, weather aging and perspiration make it one of the well sought after synthetic rubber varieties. Chloroprene rubber is widely used as hoses and belts in motor vehicle components, as electric wire, as an architectural rubber product and as a general industrial material. Earlier, this grade of rubber was primarily used in electric wire and adhesives, but it now witnesses steep demand for a wide range of applications including industrial products and automobile components, especially in Asia. China, Japan and the U.S. are the leading consumers of rubber worldwide. China, in particular, is the epicenter of growth, owing to robust growth in domestic manufacture of industrial goods and motor vehicles. Countries in eastern and central Europe, Asia-Pacific and Latin America have emerged as the major hubs for synthetic rubber consumption. Steady economic growth, increasing vehicular production and the rising number of tire plants in Asia and Latin America are promoting higher consumption. The synthetic rubber market continues to dominate global rubber consumption, with general-purpose synthetic elastomers, such as styrene butadiene rubber, polybutadiene rubber and polyisoprene rubber expected to account for a substantial proportion of the demand. The industry maintains economies of scale in the form of specialization, technological factors and cheap labor, among others. The rubber industry has undergone a sea change in terms of manufacturing processes and applications. Vulcanization has replaced smoked rubber suppression in the manufacture of rubber. Synthetic and natural rubber are usually subjected to wide price fluctuations, with at least one out of the two types expected to be less expensive compared to the other at a particular place and over a given point of time. Such price variations between synthetic and natural rubber materials are causing several buyers to substitute one with the other form depending on their relative price changes. A key trend in the market is the emergence of thermoplastic elastomers (TPEs), which have superseded conventional rubber in a big way. Growth in consumption is primarily driven by low production costs and new uses such as overmolded soft touch application. Demand for TPEs in major end-use markets is expected to grow at the expense of conventional elastomers. Consumption of industrial rubber products is likely to increase in various sectors such as construction, aerospace, mining and forestry, OEMs, replacement, household appliances, computer and office equipment. Worldwide rubber consumption witnessed a steep decline in 2009 compared to the previous year, primarily due to the impact of the global economic recession on the automotive industry. Scaling down of production by global car manufacturers, and closure of numerous factories due to falling demand contributed to a significant fall in demand for both synthetic and natural rubber. With the global economic recession crippling automotive and construction sectors, impact is also evident on traditionally strong growth sectors of acrylonitrile butadiene styrene (ABS), styrene butadiene rubber (SBR) and expandable polystyrene (EPS). The sliding demand for rubber also impacted its pricing, with both synthetic and natural rubber prices witnessing significant erosions. Asia-Pacific, powered by surging demand from China, dominates as the single largest market, as stated by the new research report on chloroprene rubber. Europe and North America trail behind as the other major markets for chloroprene rubber on a global basis. The Asia-Pacific region is also slated to race ahead as the fastest growing market at a compounded annual rate of more than 3.0 percent through 2017. The adhesives end-use application market captures the largest share of overall chloroprene rubber demand. However, with respect to fast track growth potential, the market for industrial rubber products is projected to forge ahead at the strongest CAGR over the period 2009-2017. Key participants profiled in the report include Asahi Kasei Chemicals Corporation, Denka Group, Dow Chemical Company, DuPont Performance Elastomers, Lanxess AG, Showa Denko K.K., Tosoh Corporation, Chongqing Longevity Chemical Co., Ltd., Nairit Plant CJSC, China Bluestar New Chemical Materials Co., Ltd., Shanxi Synthetic Rubber Group Co., Ltd, and Zenith Industrial Rubber Products Pvt. Ltd. The research report titled, "Chloroprene Rubber: A Global Strategic Business Report," provides a comprehensive review of and profiles of market players worldwide. Analysis and overview is provided for major geographic markets such as North America, Japan, Europe, Asia-Pacific and the rest of the world. Market analytics are provided in volume (metric tons) terms for end-use application segments including industrial rubber products, adhesive, automobile products and other applications. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

Global Industry Analysts

Market Report

Europe Tire Market Forecast And Opportunities - 2019 - 8/28/2014
Sustainability In The Tire Industry 2014 - 8/27/2014
Demand For Rubber Products In China To Reach 740 Billion Yuan - 8/14/2014
New Nanomaterials Promise A Sustainable Future For The Tire Industry - 8/4/2014
IRSG Offers Latest World Rubber Industry Outlook - 7/24/2014
Chloroprene Rubber 2014 Global Strategic Business Report Released - 7/18/2014
Italian Rubber And Plastics Machinery Exports Report Encouraging First Quarter - 7/15/2014
Rubber industry report available from IRSG - 7/8/2014
Lucrative Growth Market For Silicones - 6/13/2014
Global thermoplastic elastomers market to hit $15 billion valuation - 6/11/2014
Resurgent Demand From End-Use Markets To Fuel Growth In Global Industrial Rubber Products Market - 5/29/2014
World Demand For Kaolin To Reach 28.7 Million Metric Tons - 4/29/2014
International Rubber Study Group Report Examines First Quarter Of 2014 - 3/26/2014
Chemical Plants To Evolve - 3/26/2014
Profound Changes Expected For The Stabilizers Market - 3/18/2014
OTR Tire Market Industry Report - 2/24/2014
Rubber Product Manufacturing In Canada Examined - 1/27/2014
China Tire Industry Report, 2013-2017 - 1/3/2014
2013 Forecast For Italian Plastics And Rubber Machinery Industry Released - 1/3/2014
Vietnam To Become Third Largest Rubber Exporter - 1/2/2014
World Rubber Consumption Seen Climbing As Tire Demand Grows - 11/18/2013
International Rubber Study Group Reports On Third Quarter Of 2013 - 11/18/2013
Strong Growth Projected For Americas Composites Industry - 11/12/2013
Manifold Developments On The Market For Butadiene - 10/23/2013
Synthetic Latex Polymers, A $30 Billion Plus Market That Is Building Globally - 10/22/2013
Global Petrochemical Prices Rose Nearly 2 Percent In September - 10/7/2013
Global Demand For Thermoplastic Elastomers To Reach 5.8 Million Metric Tons In 2017 - 8/30/2013
International Rubber Study Group reports on second quarter of 2013 - 7/15/2013
Automotive industry outlook and review presented - 7/11/2013
Hankook Tire Gauge Index shows decline in summer driving - 7/9/2013
Global and Chinese tire mold industry examined - 7/8/2013
Ceresana provides complete analysis of global market for rubber - 7/8/2013
Italian rubber and plastics machinery exports face uncertain start to the year - 7/8/2013
Worldwide Industrial Rubber Products Market To Witness Steady Growth - 1/8/2013
No growth for 2012 tire shipments; two percent rebound anticipated in 2013 - 12/31/2012
European Tire Market Opportunities Reviewed - 10/5/2012
Tire and Rubber Recycling Industry Has Grown 1.7 Percent Annually For Past Five Years - 9/14/2012
2012 Tire Shipments Expected To Grow By 1.2 Percent - 8/13/2012
Transportation To Drive Global Thermoplastic Composites Market - 7/25/2012
Top Ten States For Manufacturing Jobs - 7/25/2012
Rubber Machinery Tr