Global Chloroprene Rubber (CR) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Textile, Automotive, Manufacturing, and Medical.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn457257704 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Chloroprene Rubber (CR) Market (USD Million), 2021 - 2031

In the year 2024, the Global Chloroprene Rubber (CR) Market was valued at USD 1,185.55 million. The size of this market is expected to increase to USD 1,634.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.

The global chloroprene rubber (CR) market is driven by its widespread use in industries such as automotive, construction, and textiles. Chloroprene rubber is prized for its excellent resistance to weathering, ozone, oils, and chemicals, making it an ideal material for applications requiring durability and flexibility. In the automotive industry, CR is used in the production of seals, gaskets, hoses, and vibration dampers, where its resilience and ability to perform under extreme conditions are essential. Additionally, its use in adhesives and coatings further supports its demand in construction and textile applications, where it helps improve the durability and performance of various products.

The versatility of chloroprene rubber also extends to its role in the manufacture of products like electrical cables, medical devices, and footwear. In the medical sector, CR is used in the production of gloves and protective gear, as it provides high levels of resistance to wear and tear, as well as microbial protection. Its use in the footwear industry is increasing due to its ability to offer comfort, waterproofing, and durability in shoe soles and boots. As industries continue to emphasize product longevity and performance, the demand for CR in these applications is expected to grow, particularly in markets where high-performance materials are crucial.

Geographically, the chloroprene rubber market is strong in regions like Asia-Pacific, North America, and Europe. Asia-Pacific is the largest market, driven by rapid industrialization, particularly in countries such as China and India, where the automotive, construction, and footwear industries are growing rapidly. North America and Europe also contribute significantly to the market, supported by established automotive, healthcare, and manufacturing sectors. In these regions, stringent regulations related to environmental performance and safety standards have also led to increased demand for high-quality and sustainable materials like chloroprene rubber. As demand continues to grow globally, the market for CR is expected to expand, especially with the increasing focus on innovation and product development in various industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Chloroprene Rubber (CR) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Demand Growth
        2. Automotive Applications
        3. Versatile Properties
        4. Innovation in Manufacturing
      2. Restraints
        1. Environmental Regulations
        2. Volatility in Raw Materials
        3. Competition from Substitutes
        4. Economic Uncertainty
      3. Opportunities
        1. Emerging Markets Expansion
        2. Sustainable Product Development
        3. Technological Advancements
        4. Infrastructure Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Chloroprene Rubber (CR) Market, By Application, 2021 - 2031 (USD Million)
      1. Textile
      2. Automotive
      3. Manufacturing
      4. Medical
    2. Global Chloroprene Rubber (CR) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DuPont
      2. Asahi Kasei Chemicals
      3. Lanxess AG
      4. Showa Denko
      5. Chongqing Changshou Chemical
  7. Analyst Views
  8. Future Outlook of the Market