Isoprene Market to Witness A Phenomenal Growth over 2019 to 2025

Isoprene Market to Witness A Phenomenal Growth over
2019 to 2025: Global Market Insights, Inc.
Global Market Insights, Inc. has recently added a report on Isoprene Market which provides
a succinct analysis of the market size, revenue forecast, and the regional landscape of this
industry.
The report also highlights the major challenges and current growth strategies adopted by
the prominent companies that are a part of the dynamic competitive spectrum of this
business sphere.
Isoprene Market size is expected to see noticeable growth owing to rising demand of
synthetic and natural rubber from growing automobile and footwear industry in coming
years. Isoprene or 2-methyl-1,3-butadiene, is a volatile colorless liquid, naturally produced
and emitted by several animals and trees. The product can be obtained industrially as a
byproduct in the production of ethylene.
Most of the product is used for manufacturing of synthetic rubber polyisoprene, which is
used in several end-user industries. The product is also consumed in production of styreneisoprene-styrene
block polymers and butyl rubber. Rising demand of tires from automotive
industry along with growing applications of polyisoprene in medical industry will drive the
isoprene market size over the forecast timespan.
Market research reports: Key analytical components
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Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/isoprenemarket
Rising disposable income in emerging economies and growing demand of trendy &
comfortable footwear shall drive the rubber demand from footwear industry, subsequently
having a positive impact on the overall isoprene market size during the forecast timespan.
Technological advancement in the production process shall increase yield percentage thus
reducing the overall production cost. This shall have positive impact on Isoprene market
growth in the coming years.
Moreover, polyisoprene is used in medical industry for the production of different products
such as surgical gloves, medical stopper, catheters, probe covers, cold seal adhesives, selfadhering
bandages. Growing demand of these products due to improving health services
and health care programs shall create lucrative opportunity for Isoprene market in the
coming years.
However, isoprene is a human carcinogen substance which shall strain market growth.
Additionally, problem related to high flammability of material and regulations related to
safety of workers are likely to affect the overall product demand during forecast period.
North America is one of the major consumers of isoprene market due to prevalence of
multiple automobile manufactures in the region. The region shall witness modest growth in
the product demand due to steadily rising automotive sector. Furthermore, product shall
witness tremendous growth in Asia Pacific owing to growing economies and end-user
industries in India and China.
Europe also attained a substantial chunk of the total industry share in 2018. This is
attributed to the presence of strong automobile and adhesives & sealants industry. Health
care industry growth in Latin America shall drive the product demand in the coming years.
Middle East & Africa shall have steady growth rate during the forecast period.
Key product manufacturers in the isoprene market are Royal Dutch Shell PLC., Kraton
Corporation, Kuraray Co., JSR Corporation, Precision Dippings Manufacturing Ltd., Amyris
Inc., Zeon Corporation and Exxon Mobil Corporation. Acquisitions & mergers and expansion
of capacity are some of the strategies manufactures incorporate to increase the market
share and growth rate.
For instance, Kraton Corporation acquired Arizona Chemical Holdings Corporation in 2016
and Kraton opened 30 kiloton hydrogenated styrenic block copolymer (HSBC) plant in
Mailiao, Taiwan in 2017.
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