Global Chloroprene Rubber Market and its Stocks to Speed up in Coming Years
The chloroprene rubber market has grown at a value of $1222.6 million in 2018 witnessed a CAGR of 5.89% and 6.36% over the year 2014-2019 based on production and consumption. The market analysis projected a CAGR growth of 4% and it is estimated to reach $1.57 billion by the year 2027. Chloroprene Rubber Market Overview: Chloroprene is a monomer that is a colorless fluid and is used to produce a polymer polychloroprene. Chloroprene Rubber is a synthetic or an artificial polymer that acts as Elastomer or can be called a synthetic rubber. The Elastomers have significantly greater elastic deformation. The primary properties of the Chloroprene Rubber are high flexibility, heat resistance, perspiration, solvent resistance, weather aging, and bonds with various substrates and chemicals. Chloroprene is used in various kinds of applications such as rubber and adhesive industries. The utilization of this product is playing a central role in the enhancement of the global economy and the maj...