Future forecast of Isoprene Market


Posted July 4, 2018 by abhijeetw1

The isoprene market was valued at USD 1.93 Billion in 2015, and is projected to reach USD 2.96 Billion by 2021, at a CAGR of 7.4% from 2016 to 2021.

 
The report "Isoprene Market by Type (Polymer grade, Chemical grade), Application (Polyisoprene, Styrene isoprene styrene, Isobutyl isoprene rubber), End-Use Industry (Tires, Non-tires, Adhesives), and Region - Global Forecast to 2021", The isoprene market was valued at USD 1.93 Billion in 2015, and is projected to reach USD 2.96 Billion by 2021, at a CAGR of 7.4%, during 2016 to 2021. Isoprene has properties similar to natural rubber such as flexibility and strength without odor, fragmentation, or allergic reaction, which drives its demand in tires, non-tires, adhesives, and other industries.

Browse 155 market data tables and 61 figures spread through 162 pages and in-depth TOC on "Isoprene Market by Type (Polymer grade, Chemical grade), Application (Polyisoprene, Styrene isoprene styrene, Isobutyl isoprene rubber), End-Use Industry (Tires, Non-tires, Adhesives), and Region - Global Forecast to 2021"

https://www.marketsandmarkets.com/Market-Reports/isoprene-market-73860317.html

The polymer grade type is estimated to lead the isoprene market

Polymer grade type of isoprene is majorly used for polyisoprene application. Polyisoprene has similar properties like natural rubber. Properties like toughness, abrasion and cold resistance, high tensile strength, high resilience, and good hot tear strength makes it suitable for tire manufacturing. Polymer grade isoprene is also used in industries such as medical, pharmaceutical packaging, and automotive. It is estimated to be the leading isoprene type in the market due to its growing use in diversified industries.

Polyisoprene application accounted for the largest share of the isoprene market

Polyisoprene application accounted for the largest share of the isoprene market, followed by styrene isoprene styrene. Isoprene is primarily used to make polymeric materials. It is used to produce polyisoprene, which is produced by polymerizing isoprene monomer; it is also used to produce styrene isoprene styrene (SIS), isobutylene-isoprene rubber (IIR), and other specialty chemicals.

The tire industry is estimated to lead the isoprene market

The tire industry accounted for the major share of the isoprene market, followed by adhesives. Polyisoprene application is used in tire manufacturing.

The rising demand for isoprene from Europe is expected to be a key factor driving the growth of isoprene market in the region

Europe is estimated to be the leading market for isoprene. Russia is projected to be the fastest-growing market for isoprene during the forecast period. Germany, France, and the U.K. are other countries contributing to the growth of isoprene market in this region. The increasing demand for isoprene from the end-use industries such as tires, non-tires, adhesives, and others is expected to drive the growth of the isoprene market in these countries.

The key companies profiled in the isoprene market research report are Nizhnekamskneftekhim (Russia), SIBUR (Russia), The Goodyear Tire & Rubber Company (U.S.), Royal Dutch Shell Plc (Netherlands), Kuraray Co. Ltd. (Japan), ZEON Corporation (Japan), LyondellBasell Industries N.V.(U.S.), JSR Corporation (Japan), Ningbo Jinhai Chenguang (China), Shandong Yuhuang Chemical Group Co. Ltd. (China), Finetech Industry Ltd. (U.K.), Haihang Industry Co. Ltd. (China), Fortrec Chemicals and Petroleum Pte Ltd. (Singapore), and Braskem (Brazil).

Key Target Audience:

Isoprene manufacturers, Dealers, and Suppliers
Isoprene Manufacturing Plant Developers and Related Service Providers
Tire Manufacturing Companies
Large Manufacturing Plant Owners
Investment Banks
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=73860317

On the basis of Type:

Polymer Grade
Chemical Grade
On the basis of Application:

Polyisoprene (IR)
Styrene-isoprene styrene (SIS)
Isobutylene-isoprene rubber (IIR)
Others
On the basis of End-Use Industry:

Tires
Non-tires
Adhesives
Others
On the basis of Region:

Europe
Asia-Pacific
North America
South America
Middle East & Africa
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Issued By MarketsandMarkets
Country United States
Categories Business , Industry , Manufacturing
Tags isoprene , isoprene market , isoprene market research report
Last Updated July 4, 2018