Global Isoprene Rubber Market Forecast and Analysis (2020-2027)


  • Global Isoprene Rubber Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 1.1% over the forecast period 2020-2027.


     


    The report covers an in-depth analysis of COVID 19 pandemic impact on Global Isoprene Rubber Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.


    Isoprene Rubber Market overview


    The global market for Isoprene rubber is increasing at a rapid pace especially in developing countries. Isoprene rubber is a water-based product owing to this property it is an ideal substitute for natural rubber. The increasing usage of isoprene rubber especially in the concrete and ceramic industry has made positive impact on the market. It is one of the conventional methods since it is manufactured synthetically. It has resistance to naturally occurring proteins and possess a high level of purity. Other factors such as resistance to other compounds without type 1 allergy risk has driving the isoprene rubber market. However, its properties is similar to natural rubber, but conventional isoprene rubber has superior properties which includes resilience, good process ability, high tensile strength and easy vulcanization that are not found in regular rubber is driving the isoprene rubber market.


    Isoprene Rubber Market Dynamics


    The isoprene rubber is great substitute for natural rubber latex and is expected to show a robust growth over the forecast period. Rising development especially in the developing countries has pushed the isoprene rubber manufacturers to focus on the conventional rubber technologies. Thus, the manufacturers are increasing the investment and developing a modern value chain method to improve the sales of the isoprene rubber products. Besides, rising consumer awareness and favourable government policies has made a positive impact on the conventional rubber market. Increase in number of smart cities and increasing production is increasing the demand for isoprene rubber market.


    However, government stringent policies towards environmental concern and consumer awareness is restraining factor that may slow down the Isoprene Rubber market. Besides, consumers’ awareness about new products and availability of raw materials as various industries are coupled with each other for finishing end-use products is one of the key challenges for Isoprene Rubber market.


    Increasing development in the automotive industry has made positive impact on the isoprene rubber market. Isoprene rubber is extensively used in automobile industry. The increasing number of application in the automotive industry such as hoses production, cable insulation and conveyor belt production is driving the isoprene rubber market over the forecast period. Other application which includes rubber bands, sponge, baby bottle nipples, sporting goods and footwear are increasing the demand for isoprene rubber market. Isoprene rubber does not contain fatty and protein compounds; this is advantageous as it causes allergies in some cases over traditional or natural rubber.


    Global Isoprene Rubber Market: Market Segmentation


    Global Isoprene Rubber Market is segmented by End-user (Medical, Consumer products, Industrial, Other), by Application (Medical gloves, Medical balloons & catheters, Condoms, Adhesives, Breaker and sidewalls, Others) by Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).


    Global Isoprene Rubber Market: Regional Analysis


    The regional analysis of the worldwide Isoprene Rubber market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The Asia Pacific is anticipated to dominate the isoprene rubber market. Rising industrialization and emerging economies is driving the growth of the isoprene rubber market in this region. The rubber industries are continuously developing innovations in this region and thus the manufacturers are expanding their product portfolio focusing on merger and acquisition to improve the business footprint in this region. Besides, the need for the medical facility is expected to show a robust growth in the Asia Pacific and Africa.


    Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.


    The objective of the report is to present a comprehensive analysis of the Global Isoprene Rubber Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Isoprene Rubber Market dynamics, structure by analyzing the market segments and project Global Isoprene Rubber Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Isoprene Rubber Market make the report investor’s guide.


    Key Development


    •More recently, Liquid rubber with farnesene, a substance obtained by fermentation of sugarcane, is the most recent breakthrough in the industry. It is indeed recognized as the LFR. Compared to traditional tyres currently used in the field, LFRs are used to produce tyres that have greater traction on ice and can operate well at low temperatures.
    Scope of Global Isoprene Rubber Market


    Global Isoprene Rubber Market Segmentation by End-user


    • Medical
    • Consumer products
    • Industrial
    • Other
    Global Isoprene Rubber Market Segmentation by Application


    • Medical gloves
    • Medical balloons & catheters
    • Condoms
    • Adhesives
    • Breaker and sidewalls
    • Others
    Global Isoprene Rubber Market Segmentation by Region


    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa
    Global Isoprene Rubber Market Major Players


    • Zeon
    • Kraton Corporation
    • Hi-Tech Polymer
    • Ames Rubber Manufacturing
    • DuPont
    • Elder Rubber Company
    • GBSA
    • CANADA SILICONE INC.
    • Kivi Markings
    • Specialty Tapes Manufacturing, REDCO
    • Plexipave
    • Sreeji Trading Company
    • Harboro Rubber
    • Rubber MilL
    • Apcotex Industries Ltd.
    • Anabond Limted
    • Tiger Rubber Company
    • ZORGE
    • Hanna Rubber Company


    This Report Is Submitted By : Maximize Market Research Company
    Customization of the report:
    Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.


    About Maximize Market Research:
    Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.


     

25 views