The analysts forecast the global isoprene market to grow at a CAGR of 7.47% during the period 2018-2022.
Isoprene is a common organic compound. In its pure form, it is a colorless volatile liquid. Isoprene is produced by many plants, and its polymers are the main components of natural rubber.
The report covers the present scenario and the growth prospects of the global isoprene market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of isoprene in several applications including the chemicals industry.
The latest trend gaining momentum in the market is the development of sustainable tires. The development of tires using new technology that uses key tire ingredients from renewable feedstocks rather than petroleum-derived feedstocks is in the process with a focus on reducing the tire industry's reliance on crude oil.
One of the major drivers for this market is the rising isoprene demand from the tire industry. Rising disposable incomes in developing economies will spur the growth in vehicle sales, fueling demand for tires. Urbanization and expending economic activity will also contribute toward increasing the average annual vehicle mileage, which will boost the replacement rate of tires.
The report states that one of the major factors hindering the growth of this market is the volatility in raw material prices. The sustainable supply of isoprene is highly affected by fluctuations in the price of crude oil, high cost of refining and energy consumption, and low recovery yield of pure isoprene from light gases produced by oil cracking.
- LyondellBasell Industries Holdings
- Royal Dutch Shell
- The Goodyear Tire & Rubber Company
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Application
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/cj2cqx/global_isoprene?w=4