The changing dynamics in Isoprene Market with covid-19 impact assessment
June 08, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Isoprene Market.
It was estimated prior to this unanticipated outbreak that the Isoprene Market was expected to grow at a CAGR of 9.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Isoprene is a high volatile hydrocarbon liquid that has its source in petroleum. It is the base of manufacturing synthetic rubbers and also a number of natural rubber forms.
Isoprene is used in a number of applications areas such as polyisoprene, styrene isoprene styrene, isobutylene isoprene rubber, and others. Tires, adhesives, and many other industries are the areas where isoprene is used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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.
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Isoprene Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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