Allied Market Research says, titled, “Neoprene Market by Product (Neoprene Sponge/Foam, Neoprene Sheet, and Neoprene Latex) and End-User (Automotive, Electrical & Electronics, Building & Construction, Textiles, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030″. According to the report, the global neoprene industry generated $1.9 billion in 2020, and is anticipated to generate $2.4 billion by …
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Neoprene Market Set for Explosive Growth by 2030 | Trends, Strategies, Opportunities
Neoprene market is driven by increasing adoption of neoprene rubber in the automobile industry and rapidly expanding construction and electronic industry in the developing economies. However, volatility in crude oil prices and presence of efficient substitutes hinder the market growth. On the other hand, advancement in technologies presents new opportunities in the coming years. Download …