Isoprene Market to offer a healthy CAGR of 9.2% during 2020-25
February 12, 2020
Isoprene Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Isoprene Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Isoprene Market Segment Insights:
Type: polymerization grade and chemical grade
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.
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Application Type: polyisoprene, styrene isoprene styrene and others
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.
A highly/moderately/fragment consolidated Market
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.
Region: Asia-Pacific is estimated to offer substantial growth opportunities
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.
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