Isoprene Market Size 2021, Revenues, Business Overview, Growth Rate, SWOT Analysis, Impact of COVID-19 on Global Industry and Recovery

Isoprene is a volatile and colorless liquid which is insoluble in water, however is soluble in ether, alcohol and hydrocarbon solvents. It is manufactured and sold in distinct concentrations across a broad range of verticals. The key applications of isoprene are its use as a monomer in the production of styrene-isoprene-styrene block copolymers, polyisoprene rubber and butyl rubber. The major focus of the manufacturers of butyl rubber and polyisoprene rubber lies on the usage of high purity as well as polymer grade isoprene. Isoprene is widely used in various end user industries including tires, adhesives and non-tires across various others. The rising utilization of synthetic rubber in the aforementioned industries is anticipated to fuel the overall growth of the global isoprene market.

Isoprene is a volatile and colorless liquid which is insoluble in water, however is soluble in ether, alcohol and hydrocarbon solvents. It is manufactured and sold in distinct concentrations across a broad range of verticals. The key applications of isoprene are its use as a monomer in the production of styrene-isoprene-styrene block copolymers, polyisoprene rubber and butyl rubber. The major focus of the manufacturers of butyl rubber and polyisoprene rubber lies on the usage of high purity as well as polymer grade isoprene. Isoprene is widely used in various end user industries including tires, adhesives and non-tires across various others. The rising utilization of synthetic rubber in the aforementioned industries is anticipated to fuel the overall growth of the global isoprene market.

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Globally the isoprene market can be segmented on the basis of type, application and end-user industry and geography. Based on of type, the isoprene global market can be segmented into chemical grade and polymer grade. Based on application, the global isoprene market can be segmented into polyisoprene, isobutyl isoprene rubber and styrene isoprene styrene. Based on end user industry, the global isoprene market can be segmented into adhesives, tires and non-tires. Based on geography, the global isoprene market can be segmented into Europe, North America, Asia-Pacific and rest of the world.

The robust and brawny demand majorly in the developing regions across the globe especially Asia Pacific and Latin America regions is anticipated to bolster the overall growth of global market. In addition to this, India and China are further anticipated to stagger for the largest market share and are anticipated to maintain their lead in the total demand over the forecast period. Various other growing economies such as New Zealand, Russia, Brazil, Indonesia, Poland, Argentina, Denmark, Netherlands, Australia and Korea among others are also anticipated to witness an accountable growth over the forecast period. . In addition to this, increasing per capita disposable incomes and rise in the global economy is another key element which is anticipated to bring impetus in the overall growth of global market over the forecast period.

Key players tend to accumulate and consolidate their overall production capacities in order to lower the costs and strengthen their competitive goodwill by efficiently increasing the production. On the other hand, key players are focusing on important market strategies such as product launch, partnerships, product development, mergers, collaborations and acquisitions to maintain their competitive goodwill in the global market. Some of the key players in the global market include Ningbo Jinhai Chenguang, Nizhnekamskneftekhim, SIBUR, LyondellBasell Industries N.V. The Goodyear Tire & Rubber Company, Kuraray Co. Ltd., ZEON Corporation, , JSR Corporation, Shandong Yuhuang Chemical Group Co. Ltd., Royal Dutch Shell Plc, and Braskem among others.

Globally the isoprene market can be segmented

By Type:
• Chemical grade
• Polymer grade

By Application:
• Polyisoprene
• Isobutyl isoprene rubber
• Styrene isoprene styrene

By End-User Industry:
• Adhesives
• Tires
• Non-tires

By Region:
• Europe
• Asia-Pacific
• North America
• Rest of the world

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