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Neoprene Market Share

  • Report ID: GMI2627
  • Published Date: Oct 2024
  • Report Format: PDF

Neoprene Market Share

3 M, BGK GmbH Endlosband, Covestro, Denka and Lanxess collectively dominate the neoprene industry with their extensive industry experience, innovative product offerings, and widespread global presence.  3M is a diversified technology company known for its innovative products, including adhesives and sealants that incorporate neoprene. Their neoprene-based solutions are widely utilized in construction, automotive, and consumer goods, offering excellent durability and performance. 3M's commitment to research and development ensures that their neoprene products meet the evolving needs of various industries, enhancing reliability and efficiency.
 

BGK GmbH Endlosband specializes in manufacturing high-quality neoprene conveyor belts and rubber sheets tailored for industrial applications. Their expertise in custom neoprene solutions allows them to cater to the specific requirements of industries like automotive and manufacturing. BGK's focus on durability and performance solidifies its reputation as a trusted supplier in the neoprene industry.
 

Covestro is a leading global supplier of high-performance polymers, including neoprene materials used in a variety of applications. The company's innovative approach to material science has led to the development of advanced neoprene solutions that are essential in automotive, construction, and consumer products. Covestro’s emphasis on sustainability and efficient manufacturing processes positions it as a key player in the neoprene industry.
 

Denka is recognized for its extensive range of synthetic rubber products, including high-quality neoprene. The company focuses on developing durable neoprene solutions for automotive seals, gaskets, and protective gear, ensuring they meet industry performance standards. Denka's commitment to innovation and quality enhances its role in providing reliable neoprene materials across various sectors.
 

Lanxess is a prominent specialty chemicals company that produces a wide array of synthetic rubber, including neoprene. With a strong focus on innovation and sustainability, Lanxess develops neoprene solutions that serve multiple applications, such as automotive components and industrial products. Their dedication to high-performance materials ensures that they remain a key contributor to the market.
 

Neoprene Market Companies

Major players operating in the neoprene industry are: 

  • 3 M
  • BGK GmbH Endlosband
  • Covestro
  • Denka
  • Lanxess
  • Pidilite Industries
  • Shanxi Synthetic Rubber
  • Sundow Polymers
  • Tosoh
  • YuHuang Chemical
  • Zenith Rubber
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for neoprene was valued at USD 2.2 billion in 2023 and is projected to reach USD 2.7 billion by 2032, driven by a CAGR of over 2.6% from 2024 to 2032.

Neoprene rubber sheets accounted for USD 928.2 million in revenue in 2023, dominating the market due to their versatility and wide range of industrial applications.

The U.S. market was valued at USD 247 million in 2023, driven by robust growth in various industries, including automotive, construction, and healthcare.

Major players in the industry include 3M, BGK GmbH Endlosband, Covestro, Denka, Lanxess, Pidilite Industries, Shanxi Synthetic Rubber, and Sundow Polymers.

Neoprene Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 240
  • Countries covered: 18
  • Pages: 310
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