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According to IMARC Group latest report titled “Europe Neoprene Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on neoprene market in Europe. The report also includes competitor and regional analysis, and contemporary advancements in the market. The market is currently witnessing strong growth. The Europe neoprene market is expected to continue its steady growth during the forecast period (2021-2026).
Neoprene is a synthetic rubber produced by the free radical polymerization of chloroprene. It provides strong protection from numerous oxidizing agents, such as oils, alcohols, acids and acetonic solvents. Additionally, it also provides electrical insulation and offers resistance to physical failures like cuts and damage caused by abrasion, flexing, and twisting. It exhibits excellent chemical stability, maintains flexibility, and can tolerate high temperatures. As a result, it is widely utilized in the textile, automotive and electrical industries in the manufacturing of adhesives, gloves, orthopedic braces, laptop sleeves, electrical insulation, and automotive fan belts.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Significant growth in the automotive industry is driving the market in Europe. This can be supported by the increasing production of power transmission belts, tires, oil seals, breaking, steering system components, and hose covers. Furthermore, the widespread adoption of electric vehicles (EVs) due to an enhanced focus on sustainable development is creating a positive market outlook. Apart from this, the emerging construction sector also catalyzes the demand for neoprene across the globe. Moreover, continual technological developments in neoprene manufacturing processes are significantly supporting its demand. Other factors, such as the rising demand for textiles and growing investments by leading players in extensive research and development (R&D) activities, are also positively influencing the market in Europe.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/europe-neoprene-market
Our report has categorized the market based on region, manufacturing route, grade, application and end user.
Market Breakup by Manufacturing Route:
Market Breakup by End User:
Key highlights of the report:
We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
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