Global Isoprene Rubber Market to Grow Significantly: Expected to Reach 1200 Thousand Tonnes by 2032 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Isoprene Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-user Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032" report has been added to ResearchAndMarkets.com's offering.

The global Isoprene Rubber market has expanded remarkably to reach approximately 700 thousand tonnes in 2022 and is expected to grow at a CAGR of 5.24% during the forecast period until 2032.

Isoprene Rubber is a synthetic elastomer that is obtained by polymerization of synthetic isoprene, which is sourced from the thermal cracking of the naphtha fraction of petroleum. After this, polymerization is conducted in solution, using anionic and Ziegler-Natta catalysts. Isoprene rubber is a useful material for many technical applications due to its exceptional mechanical qualities and low price. Automobile tires, springs, bearings, drive connectors, anti-vibration mounts, and adhesives are a few examples of common applications.

The primary driver of the Isoprene Rubber global market is accounted by the Automotive sector. With rapid urbanization, the demand for light vehicles for the transportation of goods along with personal vehicles is anticipated to propel the isoprene rubber market. The global demand for medical gloves in the medical field will most likely expand due to the rising prevalence of chronic and non-chronic diseases, as well as the improvements in medical care, and is anticipated to augment the market expansion. Owing to these factors, the Isoprene Rubber market is expected to reach 1200 thousand tonnes in 2032.

Regionally, the Asia Pacific region is dominating the isoprene rubber market. This region held a market share of approximately 40% in 2022 followed by Europe. Growing healthcare facilities and the opening up of new clinics coupled with the rapidly growing population in developing countries like India, Japan, and China are imposing a higher demand for latex material products like gloves, which is anticipated to propel the isoprene rubber market furthermore. Based on production, Russia is dominating the isoprene rubber market followed by the Asia Pacific region with China being the key player.

Based on the End-user industry, the global Isoprene Rubber market is segmented into Automotive, Latex Products, Industrial, and Others. Among these, the Automotive sector is dominating the Isoprene Rubber market. Because of its high tensile strength, isoprene rubber is used to make tyres, springs, elastic bands, and conveyor belts along with other latex products like balloons and gloves.

Years considered for this report:

• Historical Period: 2015-2022
• Base Year: 2022
• Estimated Year: 2023
• Forecast Period: 2024-2032

Objective of the study:

• To assess the demand-supply scenario of Isoprene Rubber which covers production, demand and supply of Isoprene Rubber market in the globe.
• To analyse and forecast the market size of Isoprene Rubber
• To classify and forecast Global Isoprene Rubber market based on End-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Isoprene Rubber market in the globe.

Companies Mentioned

• PJSC Nizhnekamskneftekhim
• LLC Tolyattikauchuk
• Qingdao Yikesi New Material Co., Ltd.
• Jilin Xingyun Chemical Co., Ltd.
• Zibo Luhua Hong Jin New Material Co., Ltd.
• Goodyear Tire and Rubber Company
• B.F Good Rich
• Kraton JSR Elastomers K.K
• ZEON CORPORATION

For more information about this report visit https://www.researchandmarkets.com/r/888qny

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