Chloroprene Rubber Market is expected to grow at a CAGR of 4.6% from 2021 to 2028
Chloroprene Rubber Industry Overview The global chloroprene rubber market size was valued at USD 985.17 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028. The growth of this market is directly proportional to the growth of the automotive and construction industries. The increased usage of chloroprene rubber pads in reinforced concrete structures in the construction sector is expected to boost the market growth over the forecast period. The use of optical fiber cables in the telecommunication industry is expected to drive the market for cable jackets. Due to its various characteristics, including low weight, dielectric capability, high-temperature resistance, and high impact quality, the electrical & electronic industry has an increasing demand for chloroprene rubber. Gather more insights about the market drivers, restrains and growth of the Global Chloroprene Rubber Market Moreover, the COV...