Extensive Applications in Tire Manufacturing to Benefit Chloroprene Rubber Industry
Market Scope Market Research Future/MRFR projects that the chloroprene rubber market could attain a decent CAGR of 4% from 2020 to 2027. By the end of 2027, it is also anticipated that the market size can reach USD 1.57 billion. Market Boosters and Barriers Chloroprene rubber is well recognized for excellent gum vulcanizate strength backed by strain-induced crystallization. It also exhibits high storage hardening owing to slower crystallization rate while also boasting of impressive physical characteristics such as thermal resistance, weather resistance. CR is able to retain all these properties even in extremely low temperatures. Civil engineering as well as construction activities require high performance elastomers with exceptional weathering resistance, good mechanical properties, and long-term flexibility, for which chloroprene rubber is the ideal solution. It is also utilized in cables, molded goods, transmission belts, and conveyor belts, and therefore, will continue to en...