Neoprene Market Share

Neoprene Market Share

Neoprene market is a fragmented market with only seven major companies holding a significant market share. The proficient market contributors are:

• Denka Company limited
• Lanxess
• Tosoh Corporation
• Shanxi Synthetic Rubber Group Co Ltd  
• Sundow Polymers Co Ltd
• Covestro AG
• Zenith Rubber
• BGK GmbH Endlosband
• Pidilite Industries
• The 3M Company,
• TuHuang Chemical Co.

Among the aforementioned companies Denka holds a market share of over 25% followed by Lanxess, and Tosoh Corporation. The industry depicts huge degree of integration of manufacturers. For instance, Tosoh and Denka have their own distribution channel across the globe. This is a major strategy adopted by these companies to retain their market presence while catering to the growing product demand.  Other major manufacturers include, Sundow Polymers Co., Ltd, Covestro AG, Zenith Rubber, BGK GmbH Endlosband, Pidilite Industries, The 3M Company, and TuHuang Chemical Co.