Global Market Insights, Inc present the report on global Isoprene Market
evaluates the growth trends of the industry through historical study and
estimates future prospects based on comprehensive research. The report
extensively provides the market share, growth, trends and forecasts for the
period 2019-2025.
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.
According to International Natural Rubber
Study Group, demand for natural rubber is likely to be driven by emerging and
recovering mature end-user market such as automotive, footwear, construction,
etc. Rising production of natural rubber shall steer the product market growth
over the forecast period. Also, growing demand of personal vehicles in emerging
markets may fuel Isoprene market growth in the forthcoming years.
Isoprene is also used in the production of
rubber adhesives and sealants which finds application in manufacturing,
assembly and construction industry. Growth of these industries in emerging
economies such as India, Malaysia, Brazil shall spur the product demand during
forecast period.
Isoprene market is segmented by grade type
which includes chemical grade and polymer grade. Rise in favorable trends in
global tire industry such as growing demand for high performance tires in
passenger car segment, shall drive the product demand. The overall market is
categorized into various applications such as polyisoprene, isoprene rubber
(IR), styrene-isoprene-styrene (SIS) and others. Polyisoprene is one of the
major segments owing to its large application base in tire manufacturing.
Styrene-isoprene-styrene shall witness
strong growth rate due to disappearing technical barriers. Market segmentation
based on the basis of end use industry is bifurcated into natural &
synthetic rubber, adhesives & sealants and others. Natural & synthetic
rubber attained the largest industry share in 2018 and is likely witness
similar trends 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.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
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Contact
Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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