How big is the Chloroprene Market | Chemical Industry Report

Q: What is the current size of the chloroprene market?

The chloroprene market was valued at USD鈥�1.4鈥痓illion in 2024 and is expected to reach USD鈥�2.2鈥痓illion by 2031.

Q: What is the growth rate of the chloroprene market?

The chloroprene market is projected to grow at a CAGR of 6.7% during the forecast period from 2025 to 2031.

Q: Which applications contribute the most in the chloroprene market?

Automotive parts, industrial hoses, adhesives, construction sealants, wires and cables, protective gloves, and textiles.

Q: What is driving demand in the chloroprene market?

Demand for durable, flame-retardant, and chemically resistant rubber in industrial and automotive applications.

Q: What challenges does the chloroprene market face?

Health concerns related to emissions, rising raw material prices, and regulatory pressure to shift to greener alternatives.

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How big is the Chloroprene Market | Global Forecast to 2030

Code: MTA5307

Publication Date: Jul 2025

How big is the Chloroprene Market?

According to 绿帽社 internal database and industry insights, the Global chloroprene market was valued at approximately USD鈥�1.4鈥痓illion in 2024 and is projected to reach USD鈥�2.2鈥痓illion by 2031, growing at a CAGR of 6.7%.

The market growth is driven by increasing demand for chloroprene rubber (CR) across automotive, construction, electronics, and industrial applications due to its superior weather resistance, flame retardancy, and mechanical strength.

Key Growth Drivers of the Chloroprene Market

Rising automotive production increasing the demand for CR-based components like belts and hoses
Expanding construction and infrastructure sector using chloroprene in sealants and adhesives
Growing preference for flame-retardant and chemical-resistant rubber materials
Surge in protective clothing and industrial glove demand using chloroprene rubber
Advancements in chloroprene polymer formulations improving durability and processing efficiency

Chloroprene Market Trends

The chloroprene market is witnessing growth from innovation in specialty elastomers that enhance tensile strength and heat resistance. There is growing consumption of electric cars components and environmental building material. The supply chains are being restructured with regional production moving towards Asia-Pacific, in particular China and India. Sustainability is influencing manufacturers to invest in energy-efficient production and waste reduction techniques.

Emerging Developments in the Chloroprene Market

Manufacturers are optimizing chloroprene synthesis using catalytic pathways that reduce energy usage and emissions. Chloroprene substitutes of bio-based origin are in the R&D phase in line with eco-compliance. Emerging composite materials that combine nanomaterials or hybrid polymers with chloroprene are under testing as performing better in the aerospace and electronic world. Firms are also forming alliances to streamline raw material access and technology exchange in CR manufacturing.