Global chloroprene rubber market forecast at $1.68 billion by 2033
The global chloroprene rubber market size was valued at USD 1.16 billion in 2024 and is estimated to reach from USD 1.21 billion in 2025 to USD 1.68 billion by 2033, growing at a CAGR of 4.2% during the forecast period (2025–2033) according to Straits Research. Factors like the increasing demand for durable and high-performance materials, growth in end-use industries, and advancements in manufacturing technologies drive the market for chloroprene rubber. Additionally, the rising focus on sustainability and environmental regulations has led to the development of eco-friendly versions of chloroprene rubber, further driving its market growth.
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