Chloroprene Rubber Market To Expand Industry Growth At USD 1.39 Billion By 2028
San Francisco, 10 Dec 2021: The Report Chloroprene Rubber Market Size, Share & Trends Analysis Report By Application (Textile, Automotive, Electrical & Electronics, Construction), By Region (North America, Europe, APAC, SA, MEA), And Forecasts, 2021 - 2028 The global chloroprene rubber market size is expected to reach USD 1.39 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.6% from 2021 to 2028. 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 jacket