Isoprene Market to experience an impressive growth of 9.2% during 2020-2025
January 27, 2020
Isoprene Market is likely to witness an impressive CAGR of 9.2% during the forecast period. Growing use of synthetic rubber in various end-use industries, such as tire, adhesives, and non-tire is driving the isoprene market globally.
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Isoprene Market Segment Insights:
By Type:
Based on the type, the market is segmented as polymerization grade and chemical grade. Polymerization grade is the most extensively used isoprene type. Owing to its properties similar to natural rubber, it is widely used in different applications. Further, it has more uniformity in molding, strength, cure rate, mixing, and processing.
By Application Type:
Based on the application type, the market is segmented as polyisoprene, styrene isoprene styrene, isobutylene isoprene rubber, and others. The growing use of polyisoprene in the tire industry has led to the demand for isoprene globally. The growing demand for low-rolling resistance tires aimed at better fuel-efficiency is estimated to further drive the global isoprene market during the forecast period.
By Region:
In terms of regions, Asia-Pacific is estimated to offer substantial growth opportunities in the coming five years for isoprene. China and India are the growth engines of the region. The market is sustained by the increasing demand for isoprene by various end-use industries. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Key Players:
Some of the isoprene manufacturers are Sibur, PJSC Nizhnekamskneftekhim, The Goodyear Tire and Rubber Company, Royal Dutch Shell PLC, Lyondellbasell Industries N.V., Zeon Corporation, Kuraray Co. Ltd., Ningbo Jinhai Chenguang, Shandong Yuhuang Chemical Group Co. Ltd., Finetech Industry Ltd., Haihang Industry Co. Ltd., Fortrec Chemicals and Petroleum Pte Ltd., Braskem S.A., and JSR Corporation.
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- Emerging trends
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- Key success factors
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