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Isoprene Market Set To Witness A CAGR Of 7.5% From 2017 To 2025: Grand View Research Inc.

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Isoprene Market Set To Witness A CAGR Of 7.5% From 2017 To 2025: Grand View Research Inc.

August 31
15:57 2019
Isoprene Market Set To Witness A CAGR Of 7.5% From 2017 To 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, 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.

According to a report,“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”, published by Grand View Research, Inc., the global isoprene market is expected to reach USD 3.97 billion by 2025, growing at a CAGR of 7.5%. 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.

Key Takeaways from the report:

  • 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.

U.S. isoprene market volume by product, 2014 - 2025 (Kilo tons)

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Global isoprene market revenue share by application, 2016 (%)

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.

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

    • U.S.

  • Europe

    • Russia

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

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

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/isoprene-market

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