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.

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", 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.

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Market Dynamics
Drivers

Growth in the synthetic rubber industry to increase the production of isoprene
Demand for polyisoprene rubber in the medical sector
Restraints

Regulations in the rubber manufacturing industry
Growth in the synthetic rubber industry to increase the production of isoprene
The growth of the isoprene industry is directly related to the growth of the synthetic rubber industry. Isoprene manufacturers are impacted by the trends in the tire industry and other related synthetic rubber products. The growth in the tire industry is, in turn, dependent on the automotive industry that is growing and projected to witness a global sales rise of 60% by 2020. The global rubber production has been increasing since 2000. The world’s rubber production in 2010 was 23,680 kilotons, which increased to 26,774 kilotons in 2015. This growth in rubber production is projected to continue in the coming years, which will increase the demand for isoprene. The leading isoprene manufactures are expanding their production capacities. For example, Nizhnekamskneftekhim, a top manufacturer in Russia, started a new production unit for isoprene feedstock that will allow the company to produce additional 15,000 tons of isoprene.

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To profile leading players and identify their core competencies
Both, top-down and bottom-up approaches have been used to estimate and validate the size of the isoprene market and to estimate the sizes of various other dependent submarkets in the overall isoprene market. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the isoprene market.