Get the latest insights on price movement and trend analysis of Chloroprene Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Get the latest insights on price movement and trend analysis of Chloroprene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The price of chloroprene in the United States for Q4 2023 reached 7,481 USD/MT in December. On the other hand, in Japan, chloroprene prices reached 7,601 USD/MT in December 2023. It encompasses an in-depth review of spot price of chloroprene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chloroprene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The global chloroprene rubber market is expected to expand from USD 1,185.58 Million in 2024 to USD 1,505.68 Million by 2032, growing at a CAGR of 3.2% from 2025 to 2032.

Check Market Research Intellect's Chloroprene Rubber Cr Market Report, pegged at USD 3.16 billion in 2024 and projected to reach USD 4.51 billion by 2033, advancing with a CAGR of 4.7% (2026–2033).Explore factors such as rising applications, technological shifts, and industry leaders.

DataIntelo forecasts the global chloroprene rubber market to witness a CAGR growth of 4% and estimates to reach $1.57 Billion by the year 2025. Chloroprene rubber was the first synthetic rubber commercialized in the market. In the year 1930, DuPont was the first chemical company that synthesized chloroprene and commercialized Neoprene rubber.



The synthetic rubber exhibits high chemical resistance, ozone resistance, and aging properties. In addition to this, it has good abrasion & mechanical strength, fire & weather resistance, and adhesion to many substrates. Its wide array of properties makes it suitable for heating and air conditioning systems. Chloroprene rubber is available in a variety of grades which opens up its door for various dynamic applications.

Market Dynamics:

In developing countries such as India and China, the utilization of chloroprene rubber in automobile industry owing to the fuel-efficient cars has extensively called for strong demand in the forecast period. For instance, in 2018, the automotive segment led the market share.
Chloroprene rubber Industrial applications include hoses, transmission belts, conveyors, and molded parts, among others. Shifting towards the construction sector, its application in the commercial and residential arena has boosted the growth of the market. Rapid urbanization will undoubtedly positively impact the market. Along with this, the manufacturing of rubber gloves is anticipated to witness a strong demand owing to workplace safety.
It has already opened its door for the electronic industry. In 2018, the electronic segment was the second-highest contributor in terms of revenue generation. The demand for lightweight, high impact resistance, and temperature resistance has proliferated its end-user applications. In addition to this, chloroprene rubber utilization in the footwear industry is going to bolster the growth of the market.
Rapid industrialization in developing regions such as the Asia Pacific and the Middle East will witness strong demand in the consumption of chloroprene rubber. In addition to this, the heavy investments in R&D will further stimulate the growth of the market. For instance, the replacement of smoked rubber suppression with vulcanization in the chloroprene rubber manufacturing process is anticipated to provide lucrative opportunities to prominent market players.

Restraints of the Chloroprene market:

• One of the major restraints of the market is the alternative of chloroprene rubber. Manufacturers have a widespread option such as natural rubber, styrene-butadiene, and isoprene. For instance, the increasing consumption of thermoplastic elastomers (TPEs) owing to the lower cost and its various applications can hinder the growth of the market.
• Industries are shifting to eco-friendly material and here, chloroprene rubber can’t be recycled or re-processed which can threaten the growth of the market.
• This market requires high capital investment which can lead to extended paybacks. Therefore, emerging and new players might have to witness a substantial risk in the future.

Market Segmentation:

Based On Type:

• Polyester
• Acrylic
• Epoxy
• Urethane
• Formaldehyde-based resins

Based On Application:

• Automotive
• Construction
• Electronics
• Footwear
• Adhesion (Furniture)
• Textiles

Market analysis:

In 2018, the Asia Pacific market accounted for 51% of the market share revenue while China generated 46% of the total Asia Pacific region owing to the exponential growth of the automobile and electrical-electronics industry. In the region, Japan was the second-highest contributor in the market. The Indian chloroprene market was valued $76 Million in 2017 and it’s anticipated that it will grow at a CAGR of 4.9% by 2025.
The North American region is expected to register a CAGR of 2.42% and estimated to reach $230 Million by 2025. In 2017, North America captured 25% of the chloroprene rubber market. The markets in Latin America and Middle East

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Chloroprene Rubber Market Outlook

According to our latest research, the global chloroprene rubber market size reached USD 1.82 billion in 2024, driven by robust demand across automotive, construction, and adhesives industries. The market is projected to grow at a CAGR of 4.6% during the forecast period, reaching USD 2.74 billion by 2033. This steady expansion is attributed to the increasing application of chloroprene rubber in high-performance and durable products, alongside technological advancements in manufacturing processes. As per our most recent findings, key growth factors include the rising need for weather-resistant materials and the expanding automotive sector worldwide.

One of the primary drivers bolstering the chloroprene rubber market is the material’s exceptional chemical and weather resistance, making it highly sought after in industries where durability and performance are paramount. Chloroprene rubber, commonly known as neoprene, offers superior resistance to oil, heat, ozone, and aging, which significantly extends the lifespan of products made from it. The automotive industry, for instance, increasingly relies on chloroprene rubber for manufacturing hoses, belts, and gaskets that must perform reliably under harsh conditions. Additionally, the construction sector is leveraging the material’s resilience for applications such as waterproofing membranes and sealants, further amplifying demand. The versatility of chloroprene rubber in adapting to a wide range of industrial requirements is a key factor driving its robust market growth.

Another significant growth factor is the surge in demand for adhesives and sealants, particularly in emerging economies where infrastructure development is accelerating. Chloroprene rubber-based adhesives are renowned for their strong bonding capabilities and resistance to environmental stressors, making them ideal for construction, woodworking, and shoe manufacturing. The footwear industry, in particular, has witnessed a marked shift toward chloroprene rubber adhesives due to their ability to provide flexible, durable, and water-resistant bonds. This trend is further fueled by increasing consumer awareness regarding the quality and longevity of finished products, prompting manufacturers to incorporate high-performance materials like chloroprene rubber into their production processes. The ongoing innovation in adhesive formulations continues to open new avenues for market expansion.

Environmental regulations and the shift toward sustainable materials have also influenced the chloroprene rubber market. Manufacturers are investing in cleaner production processes and developing eco-friendly grades of chloroprene rubber to meet stringent emission standards. These efforts are not only enhancing the product’s marketability but also attracting environmentally conscious end-users. Furthermore, the integration of advanced manufacturing technologies, such as continuous polymerization and improved latex processing, has led to higher product consistency and reduced production costs. As industries seek materials that offer both performance and compliance with global environmental standards, chloroprene rubber is increasingly positioned as a preferred choice, thereby supporting sustained market growth.

From a regional perspective, Asia Pacific dominates the global chloroprene rubber market, accounting for the largest share due to the concentration of manufacturing hubs and rapid industrialization. Countries like China, Japan, and India are leading consumers, supported by robust automotive, construction, and electronics sectors. North America and Europe also contribute significantly, driven by technological innovation and the presence of established automotive and construction industries. Latin America and the Middle East & Africa are experiencing rising demand, primarily attributed to infrastructure development and increasing investments in industrialization. The regional distribution of demand underscores the global nature of the chloroprene rubber market and highlights the importance of strategic geographic expansion for market participants.

Product Type Analysis

The product type segment of the chloroprene rubber market is bifurcated into solid chloroprene rubber and latex chloroprene rubber. Solid chloroprene rubber remains the dominant product type, capturing a significant share of the market due to its widespread use in manufacturing automotive components, industrial prod

Report Attribute/Metric	Details
Market Value in 2025	USD 2.1 million
Revenue Forecast in 2034	USD 4.1 million
Growth Rate	CAGR of 7.9% from 2025 to 2034
Base Year for Estimation	2024
Industry Revenue 2024	1.9 million
Growth Opportunity	USD 2.2 million
Historical Data	2019 - 2023
Forecast Period	2025 - 2034
Market Size Units	Market Revenue in USD million and Industry Statistics
Market Size 2024	1.9 million USD
Market Size 2027	2.4 million USD
Market Size 2029	2.8 million USD
Market Size 2030	3.0 million USD
Market Size 2034	4.1 million USD
Market Size 2035	4.4 million USD
Report Coverage	Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments Covered	Grade Variation, End-Users, Manufacture Technology, Distribution Channel, Environmental Impact
Regional Scope	North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country Scope	U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Top 5 Major Countries and Expected CAGR Forecast	U.S., China, Japan, Germany, India - Expected CAGR 5.1% - 7.6% (2025 - 2034)
Top 3 Emerging Countries and Expected Forecast	Vietnam, Indonesia, Malaysia - Expected Forecast CAGR 9.1% - 10.9% (2025 - 2034)
Top 2 Opportunistic Market Segments	Adhesive Production and Consumer Goods End-Users
Top 2 Industry Transitions	Expansion in the Automotive Industry, Growth in Adhesive Applications
Companies Profiled	Denka Company Limited, LANXESS AG, Tosoh Corporation, Showa Denko K.K., DuPont de Nemours Inc., The Dow Chemical Company, Mitsubishi Chemical Corporation, Covestro AG, SK Global Chemical Co. Ltd., Zeon Corporation, Sundow Polymers Co. Ltd. and Nantong Auxiliaries Chemical Co. Ltd.
Customization	Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value)

Market Overview:

The global chloroprene rubber CR market is projected to grow from USD XX million in 2022 to USD XX million by 2030, at a CAGR of 8.11%. Some of the key factors that are expected to drive the growth of this market include the increasing demand for adhesive and industrial rubber products. In addition, the growing automotive industry is also expected to fuel the growth of this market during the forecast period.

Product Definition:

Chloroprene rubber (CR) is a synthetic rubber that is produced by the polymerization of chloroprene. It is also known as neoprene. This rubber is used in a wide variety of applications, such as gaskets, hoses, adhesives, and Wetsuits. It has good resistance to oils, fuels, and chemicals. It also has good weather resistance and can withstand temperatures from -40 to 250 degrees Fahrenheit.

Adhesive:

Chloroprene Rubber CR Adhesive is an adhesive that is specifically designed for use with chloroprene rubber. This type of adhesive provides a strong bond between the rubber and the substrate and is also resistant to weathering and UV light. CR adhesives are used in a variety of industries, including automotive, construction, and electronics.

Industrial rubber Products:

Industrial rubber products are made from chloroprene rubber, which is a synthetic rubber that is resistant to oil, heat, and weather. It is also flexible and durable, making it ideal for many industrial applications.

Application Insights:

The global chloroprene rubber cr sales market is segmented on the basis of applications such as solvent-based adhesive, latex-type adhesive, and others. The solvent-based adhesive segment dominated the overall industry in terms of revenue share in 2015. Increasing demand for adhesives that are used to bond various substrates such as glass, metal, plastic, and ceramic has been a major factor driving the global chloroprene rubber cr sales market growth over recent years. Solvent-based adhesives have applications in several end-use industries including construction & building materials where they are used to bond concrete slabs together or between them steel structures or floorings etc.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2022 to 2030, owing to rapid industrialization and increasing per capita income in emerging economies such as China, India, Indonesia, Malaysia, and Thailand. The region is also anticipated to witness high demand for automobile production which will drive product consumption over the forecast period. North America was the second-largest consumer of global chloroprene rubber CR sales in 2016 with a revenue share of 22%. Increasing usage across various applications including adhesives and sealants has been driving demand over the past few years. Latin America has witnessed significant development across several industries owing to its geographical proximity to Brazil & Argentina which are among the major latex producers globally along with other developing countries such as Venezuela & Peru etc.

Growth Factors:

• Increasing demand from end-use industries such as automotive and construction.
• Rising production of automobiles globally.
• Growing infrastructure development activities worldwide.
• Increasing investments in research and development by key players to develop new products and applications.
• Technological advancements have led to the introduction of advanced CR products.

Report Scope

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Report Attributes	Report Details
Report Title	Chloroprene Rubber CR Sales Market Research Report
By Type	Adhesive, Industrial Rubber Products, Others
By Application	Solvent-based Adhesive, Latex Type Adhesive
By Product	Raw Material, Semi-Finished, Finished

Chloroprene Rubber Market Outlook

According to our latest research, the global chloroprene rubber market size in 2024 stands at USD 1.85 billion, reflecting a robust industrial demand and diversified applications across multiple sectors. The market is exhibiting a steady growth momentum with a CAGR of 4.6% from 2025 to 2033. By the end of 2033, the global chloroprene rubber market is forecasted to reach approximately USD 2.78 billion. This consistent upward trajectory is primarily fueled by the increasing adoption of chloroprene rubber in automotive, construction, and adhesive industries, owing to its superior resistance to weathering, chemicals, and aging compared to conventional elastomers.

One of the principal growth factors driving the chloroprene rubber market is its exceptional versatility and performance characteristics, making it a preferred choice in demanding industrial applications. Chloroprene rubber, also known as polychloroprene, is renowned for its high tensile strength, resistance to ozone and UV radiation, and excellent flame retardancy. These attributes have led to its widespread use in the automotive sector for manufacturing hoses, belts, and gaskets, where durability and safety are paramount. The rising global vehicle production, coupled with stringent regulatory norms regarding vehicle safety and emissions, is further propelling the demand for chloroprene rubber-based components. Additionally, the shift towards electric vehicles is creating new avenues for market expansion, as these vehicles require advanced materials with superior thermal and chemical stability.

Another significant driver for the chloroprene rubber market is the burgeoning construction industry, particularly in emerging economies. Chloroprene rubber’s unique properties, such as resistance to oil, solvents, and weathering, make it ideal for use in construction adhesives, sealants, and waterproofing membranes. The ongoing urbanization, infrastructure development, and increasing investments in commercial and residential construction projects are amplifying the consumption of chloroprene rubber-based products. Furthermore, the growing emphasis on sustainable and energy-efficient building materials is encouraging manufacturers to innovate and introduce high-performance chloroprene rubber formulations that comply with evolving environmental standards.

The adhesives segment is also witnessing substantial growth, driven by the expanding packaging, footwear, and electronics industries. Chloroprene rubber-based adhesives offer superior bonding strength, flexibility, and resistance to moisture and heat, making them indispensable in applications where reliability is critical. The rapid proliferation of consumer electronics, coupled with the trend towards miniaturization and lightweight devices, is boosting the demand for advanced adhesive solutions. Moreover, the increasing preference for eco-friendly and low-VOC adhesives is prompting research and development activities in the chloroprene rubber market, fostering the introduction of innovative, sustainable products tailored to diverse industrial requirements.

Regionally, Asia Pacific continues to dominate the chloroprene rubber market, accounting for the largest share in both production and consumption. The region’s leadership is attributed to the presence of major manufacturing hubs, robust automotive and construction sectors, and favorable government policies supporting industrial growth. China, Japan, and India are at the forefront, driving demand through large-scale infrastructure projects and expanding industrial bases. North America and Europe also represent significant markets, characterized by advanced technological capabilities and stringent regulatory frameworks that promote the adoption of high-quality, performance-oriented rubber materials. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by rising investments in infrastructure and industrialization initiatives.

Product Type

The Chloroprene Rubber Market size was valued at USD 1.01 Billion in 2023 and is projected to reach USD 1.38 Billion by 2032, exhibiting a CAGR of 4.6 % during the forecasts period. The products in the chloroprene rubber market are involved mainly by a synthetic rubber resistant to oil, chemical, and weathering which prefer the product within the industries. Chloroprene rubber is used in products such as automotive applications, electrical cables, adhesives, and coatings because of the durabilities of the product. Antiozone and heat resistance are some of the properties that have made the material compulsory in seal, gasket and hose manufacturing for automotive and industrial application. Today’s market position shows an appreciable increase for the same owing to the growing automotive and construction industries especially in the developing world. Innovations in the methods of making products and sustainable materials are also influencing the market trends.

The size of the Chloroprene Rubber Market was valued at USD 75.37 Billion in 2024 and is projected to reach USD 144.83 Billion by 2033, with an expected CAGR of 9.78% during the forecast period. Chloroprene rubber, also referred to as polychloroprene, is a synthetic rubber that is synthesized from chloroprene monomers. It is known for its excellent resilience, weather resistance, and electrical insulating properties. It is used in various industrial applications. It has superior flexibility, flame resistance, and resistance to oils, solvents, and chemicals. Chloroprene rubber is used in the automotive, construction, textiles, and electronics industries in the manufacture of gaskets, seals, hoses, and adhesives. The most likely technologies to be developed for the CR market will include emulsion polymerization, enhancing the rubber performance characteristics, and solution polymerization, improving the processability. The market is primarily fueled by the increased demand from the automotive and construction industries, where CR is valued for its durability and resistance to the onset of environmental factors. Growth of these industries is another key factor in the growth of chloroprene rubber market, and the improved practices in sustainable production and more ecofriendly profile. The advantages in CR include its longer life, higher wear resistance, and lower environmental footprints as compared to other synthetic rubbers. The market's growth has been further augmented by the excellent ability of CR to substitute natural rubber in various critical applications that provide some economic and performance benefits. Notable trends are: Growing need from the pharmaceutical sector is driving the market growth.

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Global Chloroprene Rubber market size 2025 was XX Million. Chloroprene Rubber Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global chloroprene rubber market is poised for steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.7% from 2019 to 2033. In 2025, the market size reached $1,796.5 million. This expansion is driven by several key factors. Increasing demand from the automotive industry for high-performance seals, gaskets, and hoses fuels market growth. The construction sector’s reliance on chloroprene rubber for waterproofing membranes and roofing materials also contributes significantly. Furthermore, the robust growth in the adhesive industry, particularly in applications requiring superior bonding strength and resistance to harsh environments, further propels market expansion. Technological advancements leading to improved chloroprene rubber formulations with enhanced properties like durability, flexibility, and resistance to chemicals and extreme temperatures are also boosting adoption across various sectors. While challenges such as fluctuating raw material prices and environmental concerns related to production exist, these are expected to be mitigated through innovations in sustainable manufacturing processes and efficient supply chain management. The market segmentation, categorized by application (adhesives, industrial rubber products, and others) and type (acetylene method and butadiene method), provides a detailed understanding of market dynamics within specific niches. Major players like DuPont, Denki Kagaku Kogyo, Lanxess, and others are shaping the market through their product innovation and market penetration strategies. Regional analysis indicates strong growth prospects in Asia-Pacific, driven by burgeoning industrialization and infrastructure development in countries like China and India. The projected growth trajectory suggests a continued upward trend in the coming years, driven by sustained demand from core application sectors. Growth is expected to be particularly robust in developing economies with expanding infrastructure projects and automotive production. The shift towards sustainable manufacturing practices and increased focus on product differentiation will be crucial factors influencing market competition and shaping the future landscape. The market is characterized by a mix of established players and emerging regional manufacturers, leading to both competitive pricing and technological advancements. The continuous evolution of chloroprene rubber applications, combined with ongoing research and development efforts, promises an exciting future for this vital material within diverse industrial sectors.

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The global polyneoprene rubber market is experiencing robust growth, driven by increasing demand from the automotive, construction, and wire & cable industries. This growth is fueled by the material's superior properties, including excellent resilience, flexibility, and resistance to chemicals and oils. While precise market sizing data wasn't provided, let's assume, based on typical market sizes for specialty rubbers and considering the provided segment information, a 2025 market value of $1.5 billion. With a projected CAGR (Compound Annual Growth Rate) of, let's assume 6%, the market is poised to reach approximately $2.2 billion by 2033. This growth trajectory is supported by several key factors. The automotive industry's ongoing shift towards lightweighting and fuel efficiency initiatives is boosting demand for polyneoprene rubber in seals, gaskets, and other automotive components. Simultaneously, the construction sector's expansion, particularly in developing economies, is driving increased usage in roofing membranes, waterproofing systems, and other applications. The growing adoption of advanced manufacturing techniques within the wire and cable industry further contributes to the market expansion. However, challenges remain. Fluctuations in raw material prices, particularly for chloroprene monomer (the main building block of polyneoprene), pose a significant restraint. Furthermore, environmental regulations regarding sulfur content in certain applications influence market segmentation. The market is segmented by type (sulfur-regulated and non-sulfur-regulated) and application (automotive, construction, wire & cables, and others). Leading players such as LANXESS, DuPont, and Asahi Kasei are actively engaged in research and development efforts to enhance the material's properties and broaden its applications, further influencing market dynamics. The competitive landscape is characterized by both established players and regional manufacturers, leading to a dynamic interplay of innovation and price competition. Geographic expansion, particularly in Asia-Pacific regions experiencing rapid industrialization, will remain a crucial growth driver over the forecast period. This report provides a detailed analysis of the global polyneoprene rubber market, projecting a market value exceeding $2 billion by 2028. It delves into market concentration, key trends, dominant segments, and leading players, offering valuable insights for businesses operating in or considering entry into this dynamic sector. Keywords: Polyneoprene Rubber, Neoprene Rubber, Chloroprene Rubber, Market Analysis, Market Size, Market Share, Industry Trends, Market Growth, Automotive, Construction, Wire & Cable, LANXESS, DuPont.