세계의 클로로프렌 고무 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of chloroprene rubber (neoprene) Market

The global chloroprene rubber (neoprene) market continues to evolve as demand rises across automotive, construction, electrical, and industrial sectors. The market was valued at USD 1.60 billion in 2024, and is expected to reach USD 1.65 billion in 2025, eventually expanding to USD 2.13 billion by 2032, growing at a steady CAGR of 3.72% during the forecast period. With a 50.63% market share in 2024, Asia Pacific remained the leading region, driven by rapid industrialization, increasing automotive production, and strong construction activities.

Chloroprene rubber is widely recognized for its superior resistance to heat, flame, oil, chemicals, and weathering. These properties make it an indispensable elastomer in demanding environments. The automotive industry is the largest consumer, using the material for gaskets, hoses, seals, belts, and vibration-damping components. Rising global automotive production and the increasing need for durable materials in electric vehicles further accelerate demand. Key market players include Showa Denko K.K., Denka Group, Lanxess AG, Asahi Kasei Chemicals Corporation, and ARLANXEO, all contributing to technological innovations and supply chain expansion.

Market Trends

A major emerging trend is the shift toward environmentally sustainable neoprene production. Manufacturers are increasingly adopting bio-based feedstocks, advanced recycling technologies, and renewable materials to reduce dependence on petrochemicals. These eco-friendly variants help maintain performance standards while reducing emissions and waste. As regulatory pressures intensify globally, sustainable neoprene alternatives will gain wider acceptance in automotive, construction, and electrical industries.

Market Dynamics

Drivers

Rising demand for high-performance automotive components is a primary growth driver. Automotive systems increasingly require materials that maintain structural integrity under heat, mechanical stress, and harsh exposure. Chloroprene rubber offers excellent thermal stability, chemical resistance, and flexibility, making it ideal for critical vehicle parts. With the automotive segment accounting for 43% of the market in 2024, demand is projected to stay strong as automakers prioritize durability and energy efficiency.

Restraints

Market expansion faces challenges due to volatile petrochemical feedstock prices, as neoprene production depends heavily on crude-oil derivatives. Fluctuations caused by geopolitical tensions, supply disruptions, and currency instability increase production costs. Smaller manufacturers are particularly vulnerable, struggling to maintain margins and consistency in output.

Opportunities

Growing adoption of chloroprene rubber in aerospace, marine, and electronics segments provides new growth avenues. Innovations such as filler-reinforced neoprene formulations and advanced composites are enhancing mechanical strength, durability, and temperature stability. These improvements support broader use in high-performance insulation, flexible wiring systems, industrial seals, and specialty components.

Challenges

Stringent environmental regulations present operational challenges for producers. Governments worldwide are imposing stricter controls on emissions, VOC output, and hazardous waste from neoprene production. Compliance requires substantial investment in cleaner technologies and emission-control systems, particularly challenging for mid-scale manufacturers.

Impact of COVID-19 and Geopolitical Factors

The COVID-19 pandemic disrupted global supply chains, sharply reducing automotive and industrial output, especially in Europe. Limited availability of raw materials and transportation delays further constrained production. Additionally, rising trade protectionism has complicated cross-border material flows, increasing costs for import-dependent regions and affecting production continuity.

Segmentation Highlights

By Application

• Automotive (43% share in 2024) - Largest segment, supported by demand for durable hoses, belts, gaskets, and seals.
• Electrical & Electronics - Driven by demand for flame-resistant cable coatings and insulation.
• Construction - Growth supported by usage in waterproof membranes, seals, and architectural components.

Regional Outlook

Asia Pacific

The region dominated with USD 0.81 billion in 2024, up from USD 0.78 billion in 2023, and will continue leading the market through 2032.

Key country forecasts for 2025 include:

• China: USD 0.46 billion
• India: USD 0.46 billion
• Japan: USD 0.09 billion

North America

Projected to reach USD 0.28 billion in 2025, driven by strong automotive recovery and increased use in EVs.

• U.S. 2025 value: USD 0.24 billion

Europe

Expected to reach USD 0.42 billion in 2025, supported by Germany, France, and the U.K.

• Germany: USD 0.13 billion
• France: USD 0.08 billion
• U.K.: USD 0.06 billion

Middle East & Africa & Latin America

Middle East & Africa is forecasted to reach USD 0.07 billion in 2025, supported by expanding automotive aftermarket and infrastructure growth.

• GCC: USD 0.03 billion in 2025

Conclusion

With market size expanding from USD 1.60 billion (2024) to USD 2.13 billion (2032), the global chloroprene rubber market is positioned for steady long-term growth. Automotive applications, sustainability technologies, and high-performance industrial uses will continue driving adoption worldwide.

Segmentation By Application

• Automotive
• Electrical & Electronics
• Construction
• Textile
• Others

By Region

• North America (By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Application, By Country)
  • Germany (By Application)
  • France (By Application)
  • U.K. (By Application)
  • Italy (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Application, By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Application, By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Regions
• 4.2. Key Developments: Mergers, Acquisitions, Partnerships, etc.
• 4.3. Insights on Sustainability
• 4.4. Latest Technological Advancement
• 4.5. Porters Five Forces Analysis
• 4.6. Impact of Tariff Analysis
• 4.7. Price Trend Analysis

5. Global Chloroprene Rubber Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. By Application (Value and Volume)
  • 5.2.1. Automotive
  • 5.2.2. Electrical & Electronics
  • 5.2.3. Construction
  • 5.2.4. Textile
  • 5.2.5. Others
• 5.3. By Region (Value and Volume)
  • 5.3.1. North America
  • 5.3.2. Europe
  • 5.3.3. Asia Pacific
  • 5.3.4. Latin America
  • 5.3.5. Middle East & Africa

6. North America Chloroprene Rubber Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. By Application (Value and Volume)
  • 6.2.1. Automotive
  • 6.2.2. Electrical & Electronics
  • 6.2.3. Construction
  • 6.2.4. Textile
  • 6.2.5. Others
• 6.3. By Country (Value and Volume)
  • 6.3.1. U.S
    • 6.3.1.1. By Application (Value and Volume)
      • 6.3.1.1.1. Automotive
      • 6.3.1.1.2. Electrical & Electronics
      • 6.3.1.1.3. Construction
      • 6.3.1.1.4. Textile
      • 6.3.1.1.5. Others
  • 6.3.2. Canada
    • 6.3.2.1. By Application (Value and Volume)
      • 6.3.2.1.1. Automotive
      • 6.3.2.1.2. Electrical & Electronics
      • 6.3.2.1.3. Construction
      • 6.3.2.1.4. Textile
      • 6.3.2.1.5. Others

7. Europe Chloroprene Rubber Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Application (Value and Volume)
  • 7.2.1. Automotive
  • 7.2.2. Electrical & Electronics
  • 7.2.3. Construction
  • 7.2.4. Textile
  • 7.2.5. Others
• 7.3. By Country (Value and Volume)
  • 7.3.1. Germany
    • 7.3.1.1. By Application (Value and Volume)
      • 7.3.1.1.1. Automotive
      • 7.3.1.1.2. Electrical & Electronics
      • 7.3.1.1.3. Construction
      • 7.3.1.1.4. Textile
      • 7.3.1.1.5. Others
  • 7.3.2. U.K.
    • 7.3.2.1. By Application (Value and Volume)
      • 7.3.2.1.1. Automotive
      • 7.3.2.1.2. Electrical & Electronics
      • 7.3.2.1.3. Construction
      • 7.3.2.1.4. Textile
      • 7.3.2.1.5. Others
  • 7.3.3. France
    • 7.3.3.1. By Application (Value and Volume)
      • 7.3.3.1.1. Automotive
      • 7.3.3.1.2. Electrical & Electronics
      • 7.3.3.1.3. Construction
      • 7.3.3.1.4. Textile
      • 7.3.3.1.5. Others
  • 7.3.4. Italy
    • 7.3.4.1. By Application (Value and Volume)
      • 7.3.4.1.1. Automotive
      • 7.3.4.1.2. Electrical & Electronics
      • 7.3.4.1.3. Construction
      • 7.3.4.1.4. Textile
      • 7.3.4.1.5. Others
  • 7.3.5. Rest of Europe
    • 7.3.5.1. By Application (Value and Volume)
      • 7.3.5.1.1. Automotive
      • 7.3.5.1.2. Electrical & Electronics
      • 7.3.5.1.3. Construction
      • 7.3.5.1.4. Textile
      • 7.3.5.1.5. Others

8. Asia-Pacific Chloroprene Rubber Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Application (Value and Volume)
  • 8.2.1. Automotive
  • 8.2.2. Electrical & Electronics
  • 8.2.3. Construction
  • 8.2.4. Textile
  • 8.2.5. Others
• 8.3. By Country (Value and Volume)
  • 8.3.1. China
    • 8.3.1.1. By Application (Value and Volume)
      • 8.3.1.1.1. Automotive
      • 8.3.1.1.2. Electrical & Electronics
      • 8.3.1.1.3. Construction
      • 8.3.1.1.4. Textile
      • 8.3.1.1.5. Others
  • 8.3.2. Japan
    • 8.3.2.1. By Application (Value and Volume)
      • 8.3.2.1.1. Automotive
      • 8.3.2.1.2. Electrical & Electronics
      • 8.3.2.1.3. Construction
      • 8.3.2.1.4. Textile
      • 8.3.2.1.5. Others
  • 8.3.3. India
    • 8.3.3.1. By Application (Value and Volume)
      • 8.3.3.1.1. Automotive
      • 8.3.3.1.2. Electrical & Electronics
      • 8.3.3.1.3. Construction
      • 8.3.3.1.4. Textile
      • 8.3.3.1.5. Others
  • 8.3.4. Southeast Asia
    • 8.3.4.1. By Application (Value and Volume)
      • 8.3.4.1.1. Automotive
      • 8.3.4.1.2. Electrical & Electronics
      • 8.3.4.1.3. Construction
      • 8.3.4.1.4. Textile
      • 8.3.4.1.5. Others
  • 8.3.5. Rest of Asia Pacific
    • 8.3.5.1. By Application (Value and Volume)
      • 8.3.5.1.1. Automotive
      • 8.3.5.1.2. Electrical & Electronics
      • 8.3.5.1.3. Construction
      • 8.3.5.1.4. Textile
      • 8.3.5.1.5. Others

9. Latin America Chloroprene Rubber Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Application (Value and Volume)
  • 9.2.1. Automotive
  • 9.2.2. Electrical & Electronics
  • 9.2.3. Construction
  • 9.2.4. Textile
  • 9.2.5. Others
• 9.3. By Country (Value and Volume)
  • 9.3.1. Brazil
    • 9.3.1.1. By Application (Value and Volume)
      • 9.3.1.1.1. Automotive
      • 9.3.1.1.2. Electrical & Electronics
      • 9.3.1.1.3. Construction
      • 9.3.1.1.4. Textile
      • 9.3.1.1.5. Others
  • 9.3.2. Mexico
    • 9.3.2.1. By Application (Value and Volume)
      • 9.3.2.1.1. Automotive
      • 9.3.2.1.2. Electrical & Electronics
      • 9.3.2.1.3. Construction
      • 9.3.2.1.4. Textile
      • 9.3.2.1.5. Others
  • 9.3.3. Rest of Latin America
    • 9.3.3.1. By Application (Value and Volume)
      • 9.3.3.1.1. Automotive
      • 9.3.3.1.2. Electrical & Electronics
      • 9.3.3.1.3. Construction
      • 9.3.3.1.4. Textile
      • 9.3.3.1.5. Others

10. Middle East & Africa Chloroprene Rubber Market Analysis, Insights and Forecast, 2019-2032

• 10.1. Key Findings / Summary
• 10.2. By Application (Value and Volume)
  • 10.2.1. Automotive
  • 10.2.2. Electrical & Electronics
  • 10.2.3. Construction
  • 10.2.4. Textile
  • 10.2.5. Others
• 10.3. By Country (Value and Volume)
  • 10.3.1. GCC
    • 10.3.1.1. By Application (Value and Volume)
      • 10.3.1.1.1. Automotive
      • 10.3.1.1.2. Electrical & Electronics
      • 10.3.1.1.3. Construction
      • 10.3.1.1.4. Textile
      • 10.3.1.1.5. Others
  • 10.3.2. South Africa
    • 10.3.2.1. By Application (Value and Volume)
      • 10.3.2.1.1. Automotive
      • 10.3.2.1.2. Electrical & Electronics
      • 10.3.2.1.3. Construction
      • 10.3.2.1.4. Textile
      • 10.3.2.1.5. Others
  • 10.3.3. Rest of Middle East & Africa
    • 10.3.3.1. By Application (Value and Volume)
      • 10.3.3.1.1. Automotive
      • 10.3.3.1.2. Electrical & Electronics
      • 10.3.3.1.3. Construction
      • 10.3.3.1.4. Textile
      • 10.3.3.1.5. Others

11. Competitive Landscape

• 11.1. Company Market Ranking Analysis, By Key Players, 2024
• 11.2. Company Profiles
  • 11.2.1. Resonac Corporation (Japan)
    • 11.2.1.1. Overview
    • 11.2.1.2. Description
    • 11.2.1.3. Product Portfolio
    • 11.2.1.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.1.5. Recent Developments
  • 11.2.2. Denka Group (Japan)
    • 11.2.2.1. Overview
    • 11.2.2.2. Description
    • 11.2.2.3. Product Portfolio
    • 11.2.2.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.2.5. Recent Developments
  • 11.2.3. Zenith Industrial Rubber Products Pvt. Ltd (India)
    • 11.2.3.1. Overview
    • 11.2.3.2. Description
    • 11.2.3.3. Product Portfolio
    • 11.2.3.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.3.5. Recent Developments
  • 11.2.4. Asahi Kasei Chemicals Corporation (Japan)
    • 11.2.4.1. Overview
    • 11.2.4.2. Description
    • 11.2.4.3. Product Portfolio
    • 11.2.4.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.4.5. Recent Developments
  • 11.2.5. ARLANXEO (Netherlands)
    • 11.2.5.1. Overview
    • 11.2.5.2. Description
    • 11.2.5.3. Product Portfolio
    • 11.2.5.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.5.5. Recent Developments
  • 11.2.6. Milagro Rubber Company, Inc. (U.S.)
    • 11.2.6.1. Overview
    • 11.2.6.2. Description
    • 11.2.6.3. Product Portfolio
    • 11.2.6.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.6.5. Recent Developments
  • 11.2.7. SEDO Chemicals Neoprene GmbH (Germany)
    • 11.2.7.1. Overview
    • 11.2.7.2. Description
    • 11.2.7.3. Product Portfolio
    • 11.2.7.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.7.5. Recent Developments
  • 11.2.8. Qingdao Nova Rubber (China)
    • 11.2.8.1. Overview
    • 11.2.8.2. Description
    • 11.2.8.3. Product Portfolio
    • 11.2.8.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.8.5. Recent Developments
  • 11.2.9. Wealth Ocean Inc. (U.S.)
    • 11.2.9.1. Overview
    • 11.2.9.2. Description
    • 11.2.9.3. Product Portfolio
    • 11.2.9.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.9.5. Recent Developments
  • 11.2.10. Sundow Polymers Co., Ltd. (China)
    • 11.2.10.1. Overview
    • 11.2.10.2. Description
    • 11.2.10.3. Product Portfolio
    • 11.2.10.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.10.5. Recent Developments

12. Strategic Recommendations