Chloroprene Rubber Prices, Trends & Forecasts | Provided by Procurement Resource

Chloroprene rubber, also known as Neoprene, is a synthetic rubber created by polymerizing chloroprene monomer.

It was invented by DuPont in the 1930s and is remarked for its remarkable resistance to heat, ozone, weathering, and oil. It also has excellent mechanical qualities, including as strong tensile strength, elongation, and tear resistance.

It is widely utilised in the creation of industrial items such as hoses, gaskets, belts, and seals, as well as automobile parts and electrical insulation.

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One of the distinguishing characteristics of chloroprene rubber is its capacity to self-extinguish, making it an ideal choice for applications requiring fire resistance.

It can also be made to satisfy special needs, such as low-temperature flexibility or chemical resistance, making it a flexible material with numerous applications.

Germany, Japan, South Korea, and the United States are the top chloroprene-producing countries across the globe.

Key Details About the Chloroprene Rubber Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Chloroprene Rubber price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Chloroprene Rubber Price chart, including India’s Chloroprene Rubber price, USA’s Chloroprene Rubber price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Chloroprene Rubber Price Trend:

Owing to its exceptional resistance to oils, solvents, and extreme temperatures, chloroprene rubber is commonly utilised in the production of industrial hoses and tubing. It is frequently used to transport chemicals, petroleum, and other fluids.

It is used to make a variety of automobile parts such as belts, gaskets, seals, and hoses. It is preferred because of its high resistance to oil, heat, and weathering. It is also employed as electrical insulation in cables, conductors, and other electrical equipment.

Additionally, it is employed in the construction sector for roofing and waterproofing applications. It is also used to make wetsuits, gloves, and other kinds of protective equipment.

Other than that, Due to its superior adhesive qualities and resilience to heat and chemicals, it is employed as a binder in adhesives.

Key Players:

• Denka Group
• DuPont Performance Elastomers
• Dow Chemical Company
• Showa Denko K.K
• Lanxess AG

News and Events:

• 24 Aug 2022: Tosah's medium-term business plan calls for increased production of a variety of goods, including polychloroprene rubber, flame retardants, and chloroprene rubber.

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