The Asia Pacific neoprene market size reached USD 1.23 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.50 Billion by 2033, exhibiting a growth rate (CAGR) of 2.2% during 2025-2033.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
USD 1.23 Billion |
Market Forecast in 2033
|
USD 1.50 Billion |
Market Growth Rate 2025-2033 | 2.2% |
Neoprene is a synthetic rubber widely utilized as a substitute for natural latex rubber. It provides protection against oxidizing agents, such as alcohol, oil and acids. Moreover, as it offers resistance from acetonic solvents, it finds application in the automotive and construction industries. At present, rapid industrialization is positively influencing the demand for neoprene in the Asia Pacific region.
The increasing number of tire manufacturing plants, along with the flourishing automotive sector, represents one of the significant factors propelling the growth of the neoprene market in the Asia Pacific region. Neoprene is utilized in the automotive industry to manufacture tires, oil seals, braking and steering system components, hose covers and power transmission belts. Moreover, economic growth and rising construction activities, especially in the residential and commercial sectors, are driving the market further. However, the market is experiencing a decline on account of the rapid increase in the coronavirus disease (COVID-19) cases and lockdowns imposed in different parts of the region to prevent the spread of the pandemic. The market will experience growth when lockdown restrictions are uplifted in the region.
IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific neoprene market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on manufacturing route, grade, application and end user.
Breakup by Manufacturing Route:
Breakup by Grade:
Breakup by Application:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report
|
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Manufacturing Routes Covered | Butadiene Route, Acetylene Route |
Grades Covered | General-Purpose Grade Neoprene, Pre-Crosslinked Grade Neoprene, Sulfer-Modified Grade Neoprene, Slow Crystallizing Grade Neoprene |
Applications Covered | Technical Rubber, Adhesives Industry, Latex Industry |
End Users Covered | Automotive, Manufacturing, Consumer goods, Medical |
Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: