Chloroprene Rubber Market Size To Reach $1.58 Billion By 2030

Chloroprene Rubber Market Growth & Trends

The global chloroprene rubber market size is expected to reach USD 1.58 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 6.0% from 2025 to 2030. Increasing adoption of chloroprene rubber in the automotive, electrical & electronics, construction, and textile industries is projected to fuel the market growth during the forecast period. It is widely used in tire sidewalls, automotive trims, gaskets, and related products owing to the rising demand for Electric Vehicles (EVs).

The growing requirement for electrical power is expected to drive the demand for electric cables for power transmission. This is expected to drive the product demand in cable jackets. The rising private & public investments in the construction sector focusing on the development of infrastructure projects across the globe remain critical to the product demand in construction applications. The product has a wide scope of application in the manufacture of rubber pads products due to the demand arising from the construction industry.

Major key players in the market are investing in expanding and developing chloroprene for end-use industries. For instance, in April 2021, ARLANXEO established ARLANXEO India Private Limited in India to strengthen its position in the Indian market to meet the needs of quickly expanding industries, such as pharmaceuticals, tires, automotive, and end-user products.

The demand for industrial products and chemicals in countries such as China, Japan, India, South Korea, and Thailand is expected to impact the consumption of chloroprene rubber used in these products. Many elastomer manufacturers are carrying out research and development activities to develop a vulcanization process for manufacturing chloroprene rubber to replace the existing smoked rubber suppression technique. One of the main advantages offered by the vulcanization process is the improvement in absorbent properties. This has helped position chloroprene rubber as a suitable material for manufacturing protective lining in chemical plants.

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Chloroprene Rubber Market Report Highlights

• The automotive sector dominated the global chloroprene rubber industry and accounted for the largest revenue share of 37.1% in 2024.

• The construction industry is expected to grow at a CAGR of 6.4% from 2025 to 2030, owing to its durability and weather resistance, making it suitable for a range of applications including seals, waterproof membranes, and bridge bearings.

• Asia Pacific chloroprene rubber market dominated the global market and accounted for the largest revenue share of 54.8% in 2024.

• The North America chloroprene rubber market is expected to grow significantly over the forecast period, owing to increasing demand from automotive and construction industries.

• The chloroprene rubber market in the U.S. held the largest revenue share in 2024 within the North American market, primarily driven by the rising demand from the automotive and construction sectors.

Chloroprene Rubber Market Segmentation

Grand View Research has segmented the global chloroprene rubber market on the basis of based on application, and region:

Chloroprene Rubber Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Electrical & Electronics

• Construction

• Textile

• Others

Chloroprene Rubber Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

• Middle East and Africa

List of Key Players of the Chloroprene Rubber Market

• DuPont Performance Elastomers

• Showa Denko K.K.

• Denka Group

• Shanxi Synthetic Rubber Group Co. Ltd.

• Chongqing Longevity Salt and Chemical Co. Ltd.

• Lanxess AG

• Tosoh Corporation

• Nairit Plant CJSC

• Zenith Industrial Rubber Products Pvt. Ltd.

• Asahi Kasei Chemicals Corporation

• Dow Chemical Company.

• ARLANXEO

• SEDO Chemicals Neoprene GmbH

• Qingdao Nova Rubber