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Press Release / Business / Isoprene Market Size By Type, By Application, By End Use Industry, By Geographic Scope And Forecast

Isoprene Market Size By Type, By Application, By End Use Industry, By Geographic Scope And Forecast

By smithjenny22119 on July 30 2020 | 42 Views

Isoprene Market was valued at USD 2.4 Billion in 2019 and is projected to reach USD 4.2 Billion by 2027, growing at a CAGR of 7.3 % from 2020 to 2027.

Isoprene Market Size And Forecast
The Global Isoprene Market report provides a holistic evaluation of the market. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Isoprene Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Isoprene Market was valued at USD 2.4 Billion in 2019 and is projected to reach USD 4.2 Billion by 2027, growing at a CAGR of 7.3 % from 2020 to 2027.

What is Isoprene?
Isoprene are often defined as a volatile liquid hydrocarbon acquired from petroleum, whose molecule forms the essential structural unit of natural and artificial rubbers. It can be obtained utilizing many plants and animals, and its polymers are the principal component of natural rubber. Isoprene is most readily obtainable industrially as a byproduct of the thermal cracking of naphtha or oil, as a side product in the production of ethylene. About 800,000 metric tons of isoprene polymers are produced annually. About 95% of isoprene production is applied to produce cis-1, 4-polyisoprene. It is a synthetic version of natural rubber.

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Polyisoprenes are employed during a big variety of rubber applications including medical equipment, baby bottle nipples, toys, shoe soles, tires, elastic films, and threads for golf balls or textiles. Other uses include adhesives, paints, and coatings. Isoprene can limit visible damage caused by ozone exposure and can prevent measurable loss in photosynthetic capacity by ROS.

Global Isoprene Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Factors such as growth in the synthetic rubber industry to increase the production of isoprene and high demand for polyisoprene rubber in the medical sector are estimated to propel the global isoprene market in the forecasted period. However, governmental regulations in the rubber manufacturing industry are hampering the market growth.
Moreover, rising demand in developing countries and growing demand for improved performance and low rolling resistance provides substantial growth opportunities for the isoprene market. Furthermore, regional demand-supply gaps, and crude oil price fluctuations are some of the challenges for the growth of the market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Isoprene Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Isoprene Market Competitive Landscape
The “Global Isoprene Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Nizhnekamskneftekhim, SIBUR, The Goodyear Tire & Rubber Company, Royal Dutch Shell Plc, Kuraray Co. Ltd., ZEON Corporation, LyondellBasell Industries N.V., JSR Corporation, Ningbo Jinhai Chenguang, Shandong Yuhuang Chemical Group Co. Ltd., Finetech Industry Ltd., and Others. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Isoprene Market, By Type
• Polymer Grade
• Chemical Grade

Isoprene Market, By Application
• Polyisoprene (IR)
• Styrene-isoprene-styrene (SIS)
• Isobutylene-isoprene rubber (IIR)
• Others

Isoprene Market, By End Use Industry
• Tires
• Non-tires
• Adhesives
• Others

Isoprene Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America



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