San Francisco, 05
March, 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.
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Report On Isoprene Market Analysis:
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
o
U.S.
·
Europe
o
Russia
o
Germany
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-isoprene-market
https://www.grandviewresearch.com/press-release/global-isoprene-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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