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:
These factors are expected to boost the demand for the market in the coming year:
Rapid growth in the building and construction industry, particularly in Asia-Pacific and the Middle East.
Increasing government participation in private and public infrastructure development in the Asia-Pacific nations.