San Francisco 22 April 2019 Isoprene Market Analysis By Type (Polymer Grade, Chemical Grade), By Application
(Polyisoprene, Styrene-Isoprene Styrene, Isobutylene-Isoprene Rubber), By
End-use, And Segment Forecasts, 2018 - 2025
The global isoprene market is expected to reach USD 3.97 billion by 2025, growing at
a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Rising
demand for isoprene is owing to good resilience, good tack, and great hot
tensile and good gum tensile strength propel industry expansion over the
forecast period.
Growing automotive sector will fuel
isoprene demand for various products including tires, fuel hoses, engine
mounting, mud flaps, suspension bushes, floor mats, and exhaust rubber hangers
over the forecast period, thereby augmenting industry size in the near future.
The contents of isoprene not only restrict
formation of nitrosamines, but also prevents Type I allergies. The physical
properties deriving the demand for isoprene are heat resistance, clear and
power-free products, electrical resistance, adapting various component
geometric as well as thicknesses, and low tensile set values.
Increasing expenditures and greater
attention to health care by developing markets, construction of hospitals and
clinics, and the establishment of public health insurance will augment medical
devices market. In addition, aging population coupled with the rising global
income levels in developing countries will fuel the utilization of
isobutylene-isoprene rubber and styrene-isoprene styrene.
Access Research Report of Isoprene
Market @ http://www.grandviewresearch.com/industry-analysis/isoprene-market
Further key findings from the report suggest:
· Polymer grade isoprene is likely to witness
significant revenue rise at a CAGR of 7.7% from 2017 to 2025 as a result of
their properties including toughness, excellent hot tear strength, abrasion,
high resilience, cold resistance, and tensile strength. Moreover, the product
is obtained from the C5 diene crude product, which are quick to dispose and
reuse on account of an existing infrastructure in place.
· Asia Pacific was the dominant market and
accounted for 28.7% of the overall volume share in 2016. Robust manufacturing
base of automotive industry in China, Japan and India along with increasing
passenger vehicles sales are anticipated to augment isoprene market growth in
the near future.
· Presence of major automobile companies,
including Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru
and Isuzu will augment the Japanese automotive industry, which in turn will
drive the isoprene market demand.
· Key participants dominating the industry
includes Shell PLC., The Goodyear Tire and Rubber Company, ExxonMobil Corp.,
LyondellBasell Industries N.V., Zeon Corporation, Chevron Phillips Chemical
LLC, Shandong Yuhuang Chemical (Group) Co., Ltd., and Braskem.
· Product differentiation along with threat
of forward and backward integration by manufacturers to distribute isoprene and
to capture market share is anticipated to result in high industry rivalry in
the product’s market over the forecast period. In addition, possible entry of
new players is further expected to intensify rivalry in the industry.
· In February 2014, Shandong Yuhuang Chemical
Co., Ltd. signed a co-operation frame agreement with Sinopec Chemical Sales
Company, which was led by Sinopec’s general manager, Zhao Chengfeng.
· In August 2013, SIBUR entered into a joint
venture with China Petroleum and Chemical Corporation, a major petroleum and
petrochemical enterprise group, in order to produce synthetic rubbers in
Krasnoyarsk.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has
segmented the isoprene market on the basis of product, application, end-use and
region:
Product Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2014 - 2025)
·
Polymer grade
·
Chemical grade
Application Outlook (Volume, Kilo
Tons, Revenue, USD Million, 2014 - 2025)
·
Polyisoprene (IR)
·
Styrene-isoprene styrene (SIS)
·
Isobutylene-isoprene rubber (IIR)
·
Specialty chemicals
End-use Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2014 - 2025)
·
Tires
·
Adhesives
·
Industrial rubber
·
Others
Regional Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Isoprene
Market@ https://www.grandviewresearch.com/press-release/global-isoprene-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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