MRO Magazine

Technavio Announces Top Seven Vendors in the Global Neoprene Market from 2016 to 2020


June 27, 2016
By Business Wire News

LONDON

Technavio has announced the top seven leading vendors in their recentglobal neoprene marketreport. The report identifies the vendors based on their revenue and market dominance in terms of experience, geographical presence, product portfolio, financials, and R&D.

Competitive vendor landscape

Global capacity of neoprene is estimated to remain flat, but will be sufficient to serve the global consumption demand during the forecast period. Asia accounted for the largest share of exports and imports of neoprene. Asia was the largest importer of neoprene in 2015. It was also one of the biggest exporters of neoprene, with Japan accounting for 90%-95% of exports.

According to Chandrakumar Badala Jaganathan, a lead analyst at Technavio for research on plastics, polymers, and elastomers, ‘The Asian market is more or less a balanced market and will convert to a minor exporter during the forecast period. Japan is estimated to meet the demand of China and the rest of Asia.”

In North America, DuPont Dow Elastomers, a joint venture of DuPont and Dow, was the only producer. It shut down one of its two units and sold the other unit to the Japanese Denka joint venture (Denka 70% and Mitsui 30%). Along these lines, the primary North American producer has left the neoprene production.

Additional Insights: Top 5 Benefits of Neoprene According to Technavio Analysts

Since the production of neoprene is limited to a few nations, there is a critical exchange of the neoprene products worldwide. Japan dominates the worldwide market as a net exporter while the rest of Asia (barring China and Japan) is the biggest importer.

Request for sample report: http://goo.gl/4zcVoz

Technavio analysts categorize the global neoprene market vendors into two segments: key vendors and other prominent vendors.

Key vendors:

Chongqing Changshou Chemical

Chongqing Changshou Chemical was established following the restructuring of the Changshou Chemical Factory in 2001 and is headquartered in Chongqing, China. It is a state-owned enterprise of basic chemical raw materials for the chemical industry such as chloralkali chemical products, neoprene rubber (including latex) products, sulfonamide products, and chlorate and perchlorate products.

Denka

Denka was founded in Tomakomai, Hokkaido, Japan in 1915. Denka manufactured carbide as well as nitrogenous lime fertilizer derived from carbide at its beginning.

Denka has the largest production capacity for neoprene worldwide. Neoprene rubber possesses an excellent resistance to oil and heat. Its properties are pushing its varied application in segments such as automobiles, industrial parts, adhesive, and wetsuits. The company sells neoprene under its brand, Denka chloroprene.

LANXESS

LANXESS was founded in 2005 and is headquartered in Cologne, North Rhine-Westphalia, Germany. It is a specialty chemicals company that manufactures and distributes plastics, rubber, intermediates, and specialty chemicals worldwide.

The performance rubber segment of performance polymers business involves in the production as well as marketing of rubber. The company produces butyl, polybutadiene rubber, and technical rubber products for consumption in construction materials, leisure equipment, machinery, and tires and other automotive components.

Shanxi Synthetic Rubber Group

Shanxi Synthetic Rubber Group is a subsidiary of China National BlueStar (Group). It is a Tier 3 company of ChemChina. It is located in Datong, Shanxi, China and was founded in 1960. It is a first class large-scale state-owned enterprise. Its main products are neoprene rubber products. It has the largest neoprene production base in China.

The leading product of Shanxi Synthetic Rubber Group is neoprene rubber. It has five post-treatment production lines that could produce 14 varieties of neoprene and produces 25,000 metric tons of neoprene annually while Shanna Synthetic Rubber Group (a joint venture of the company) has three chloroprene post-treatment production lines and produces 30,000 metric tons of neoprene annually.

Tosoh

Tosoh was incorporated in 1935 and is headquartered in Minato-Ku, Tokyo, Japan. The company manufactures and markets chemical, petrochemical, and specialty products. The company supplies plastic resins and a range of basic chemicals. It develops products and provides services to purify water and monitor the environment.

The company sells its neoprene product under the brand name Skyprene. These rubbers are often consumed for their superior properties such as resistance to cold, heat, abrasion, ozone, oil, and chemicals. The R&D of Tosoh focuses on re-engineering production process of neoprene to increase production as well as the development of new grades in line with customer requirements.

Other prominent vendors

Mitsui

Mitsui was founded in 1892 and is headquartered in Tokyo, Japan. It is a chemical manufacturing company that produces and distributes chemicals and materials.

Showa Denko

Showa Denko was founded in 1908 and is headquartered in Tokyo, Japan. The company manufactures chemical products and industrial materials.

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 208 123 1770
www.technavio.com