Isoprene Rubber Market - Scope, Size, Share, Analysis by 2025


Posted December 27, 2018 by simone

Global isoprene rubber market size is anticipated to exceed USD xx Mn by 2025, which is growing at a CAGR of x.x% during the forecast period.

 
Global isoprene rubber market size is anticipated to exceed USD xx Mn by 2025, which is growing at a CAGR of x.x% during the forecast period. Isoprene rubber market is predicted to grow significantly on account of higher demand arriving from medical industry and the trend will maintain its consistency over the forecast period. Escalated application scope in tire manufacturing industry, gloves and balloon industry due to the high elongation and high tensile strength is anticipated to drive market growth. Besides that, isoprene rubber is replacing natural rubber in various applications owing to the identical properties and molecular structure.

On the basis of end-use industries, isoprene rubber industry has segmentation which is inclusive of cable insulation, medical, tire manufacturing, driving belts and conveyor belts and niche applications including consumer and footwear products. Medical industry has been the largest consumer for isoprene rubber over the past few years with the requirement in glove and balloon application. Isoprene rubber is required immensely in tire industry for the manufacture of tread, break, sidewalls and carcass. Additionally, propelling demand for isoprene in manufacturing of driving and conveyor belts is expected to fuel its market growth in the forthcoming years.

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Geographically, Asia Pacific is the leading regional segment for isoprene rubber backed by higher demand from tire and medical manufacturing industries. Apart from that, soaring automobile demand coupled with rapid industrialization in emerging countries including China, Malaysia and India will boosts this industry over the forecast period. At second rank, comes North America for isoprene rubber on account of demand from the healthcare sector. Middle East and European countries have witnessed ascending graph over the past years on account of automobile industry.

Based on isoprene rubber industry analysis, the prominent players of the Isoprene Rubber (IR) market are JSR, Lanzhou Xinlan, Sinopec, Yikesi, Zhenjiang Xintian, Kuraray, Lyondellbasell, Synthez-Kauchuk, Kraton Polymers, ZEON and Zibo Luhua Hongjin, TSRC, Kaixin, Nizhnekamskneftekhim, Togliattikauchuk, Jinhai Deqi, Shell, Formosa Plastics, LCY, YUHUANG, SINOPEC, Versalis(Polimeri Europa) and ZEON among others.

Key segments of ‘Global Isoprene Rubber Market’
Based on types, the market has been segmented into,
• Industrial Grade
• Medical Grade
Others Based on region, the market has been segmented into,
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

What to expect from the upcoming report on ‘Global Isoprene Rubber Market:
- Future prospects and current trends of the global isoprene rubber market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market

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Categories News
Tags isoprene rubber market
Last Updated December 27, 2018