Chloroprene Market Expected to Witness Strong Growth Driven by Industrial Expansion and Rising Polymer Demand

The global Chloroprene market is gaining momentum as industries worldwide increase their adoption of high-performance polymers. Market Intelo’s latest study reveals that the market, valued at USD 1.39 billion in 2024, is projected to reach USD 2.11 billion by 2032, growing at a CAGR of 5.2% during the forecast period. Chloroprene, known primarily as the monomer for manufacturing polychloroprene rubber, continues to play an essential role across automotive, construction, electronics, adhesives, and general industrial applications.

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Chloroprene Market Research Report 2033
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Chloroprene Market Research Report 2033

As per our latest market intelligence, the Global Chloroprene market size was valued at $1.7 billion in 2024, and is forecasted to hit $2.6 billion by 2033, growing at a robust CAGR of 4.8% during the forecast period.