Neoprene Market Size, Share, Trend, Forecast, & Industry Analysis
The neoprene market is estimated to grow from USD 1.75 billion in 2021 to reach USD 2.22 billion by 2028 at a CAGR of 3.36% during the forecast period.
Market Drivers:
Rapid progress in the building and construction industry, particularly in Asia-Pacific and the Middle East, is expected to drive neoprene demand over the assessment period. One of the key factors contributing to rising product demand is the increasing government participation in private and public infrastructure development in the Asia-Pacific nations.