Isoprene Market: Future Potential and Market Forecast (2022-2027)

Isoprene Market is expected to reach US $4.39 billion by 2027, thanks to growth in the polyisoprene segment. The report analyzes Isoprene market dynamics by region, application, and end-user.

Isoprene Market Overview:

The Isoprene market was valued at US $2.96 Bn. in 2021, and it is expected to reach US $4.39 Bn. by 2027 with a CAGR of 6.80% during the forecast period. Isoprene is used to make polyisoprene, a synthetic rubber that contains around 70% isoprene. Polyisoprene is a synthetic counterpart of natural rubber with the same qualities as natural rubber since it has the same basic formula as natural rubber. Isoprene is also widely employed in the production of SIS, IIR, and other derivatives. Because of the booming automobile industry, the tire industry is seeing rapid growth. The isoprene market is growing as it finds more uses in tires, conveyor belts, hoses, molded rubber, and medical equipment including gloves and balloons. The expanding vehicle sales in China and India are expected to drive demand for isoprene in the automotive industry for the manufacture of polyisoprene. Isoprene Market To know about the Research Methodology :- Request Free Sample Report

Isoprene Market Dynamics:

Isoprene production may increase as the synthetic rubber sector grows: The isoprene industry's growth is inextricably linked to the synthetic rubber industry. Trends in the tire industry and other synthetic rubber products have an impact on isoprene producers. The tire industry's growth is reliant on the increasing automobile industry, which is expected to have a 60% increase in global sales by 2020. Since the year 2000, worldwide rubber production has increased. Rubber production in the world increased from 23,680 kilotons in 2010 to 27,774 kilotons in 2017. Rubber production is expected to increase during the forecast period, resulting in increased demand for isoprene. Isoprene Market The top isoprene producers are increasing their production capacity. For example, Nizhnekamskneftekhim, a leading Russian producer, has begun construction on a new isoprene feedstock production plant that will allow the company to create an additional 15,000 tonnes of isoprene. Surging demand for tires: Because of its qualities including flexibility, tensile strength, and tear strength, isoprene is commonly utilized in tire manufacture. According to the Bridgestone report 2020, global tire sales in 2019 were estimated to be worth US $166.96 billion, with 1,840,000 tonnes produced. Michelin is the most important player in this market, with 15% of the market share, followed by Bridgestone and Goodyear, with 14.60% and 8.20%, respectively. Continental, Sumitomo, Pirelli, Hankook, Yokohama, Cheng Shin, Zhongce Rubber, Giti, and Toyo are among the other prominent tire manufacturers. Because of all of these factors, the isoprene market is expected to grow throughout the forecast period. Rubber manufacturing industry regulations: Isoprene emission in plants is regulated by the availability of the substrate (DMAPP) as well as the activity of the enzyme (isoprene synthase). The dependence of isoprene emission on light, CO2, and O2 are regulated by substrate availability, but the temperature dependence of isoprene emission is regulated by both substrate level and enzyme activity. Tire and rubber manufacturing plants generate harmful pollutants into the atmosphere (HAP). The tight requirements imposed by regulatory authorities to reduce HAPs are likely to limit the manufacturing of synthetic rubber and, as a result, the isoprene industry during the forecast period.

Isoprene Market Segment Analysis:

Based on Application, the Isoprene market is segmented as, Polyisoprene, Styrene-isoprene-styrene (SIS), Isobutylene-isoprene rubber (IIR), and Others. In 2021, the polyisoprene segment held xx% of the overall market share in terms of revenue as Polyisoprene is primarily utilized in the manufacture of tires and other rubber goods. It contains a lower percentage of non-polymer components than natural rubber. Polyisoprene is utilized in rubber bands, footwear, cut thread, infant bottle nipples, hoses, and conveyor belts, in addition to tires. Polyisoprene is frequently used in the manufacture of medical devices such as surgical gloves, sample covers, and catheters. Isoprene Market Detailed information about all segments is covered in the MMR’s report.

Isoprene Market Regional Insights:

Because Asia-Pacific is the world's largest tire maker, it dominated the global market in terms of share. Countries like India, China, and Japan, among others, are the major producers of automobiles and commercial vehicles in the Asia-Pacific area. By 2025, China is expected to produce 704 million tires, with 527 million passenger radial tires, 148 million truck/bus radial tires, 29 million bias truck tires, 20,000 extra-large industrial tires, 12 million agricultural tires, and 54,000 airplane tires. Also, by 2025, China will produce 120.7 million motorcycle tires and 420 million bicycle tires each year. With a synthetic rubber manufacturing output of approximately 1.53 million metric tonnes in 2019, Japan has one of the world's major rubber industries. Also, the country is ranked third in the world in terms of overall rubber consumption, trailing only China and the United States. According to the Automotive Tyre Manufacturers Association (ATMA), tire production in India was estimated to be at 1,919.81 lakh units in 2018-19, with roughly 106.28 lakh units exported. The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Global Isoprene Market Scope: Inquire before buying

Global Isoprene Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.96 Bn.
Forecast Period 2022 to 2027 CAGR: 6.80% Market Size in 2027: US $ 4.39 Bn.
Segments Covered: by Application • Polyisoprene (IR) • Styrene-isoprene-styrene (SIS) • Isobutylene-isoprene rubber (IIR) • Others
by End-users • Tires • Non-tires • Adhesives • Others

Global Isoprene Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Isoprene Market Key Players

• Nizhnekamskneftekhim • SIBUR • The Goodyear Tire & Rubber Company • Royal Dutch Shell Plc • Kuraray Co. Ltd. • ZEON Corporation • LyondellBasell Industries N.V. • JSR Corporation • Ningbo Jinhai Chenguang • Shandong Yuhuang Chemical Group Co. • Finetech Industry Ltd. • Haihang Industry Co. Ltd. • Fortrec Chemicals and Petroleum Pte • Braskem • China Petrochemical Corporation • Others Frequently Asked Questions: 1. What is the forecast period considered for the Isoprene market report? Ans. The forecast period for the global Isoprene market is 2022-2027. 2. Which key factors are expected to hinder the growth of the Isoprene market? Ans. The stringent rules and regulations associated with the production of rubber and tires are the key factors expected to hinder the market growth during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Isoprene market for the next 6 years? Ans. The global Isoprene market is expected to grow at a CAGR of 6.80% during the forecast period (2022-2027). 4. What are the key factors driving the growth of the Isoprene market? Ans. The surging demand for tires and the medical sector is the key factor expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered in the Isoprene market report? Ans. Nizhnekamskneftekhim, SIBUR, The Goodyear Tire & Rubber Company, Royal Dutch Shell Plc, Kuraray Co. Ltd., ZEON Corporation, LyondellBasell Industries N.V., JSR Corporation, Ningbo Jinhai Chenguang, Shandong Yuhuang Chemical Group Co., Finetech Industry Ltd., Haihang Industry Co. Ltd., Fortrec Chemicals and Petroleum Pte, Braskem, China Petrochemical Corporation, and Others are the key players covered.
1. Global Isoprene Market: Research Methodology 2. Global Isoprene Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Isoprene Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Isoprene Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Isoprene Market Segmentation 4.1. Global Isoprene Market, by Application (2021-2027) • Polyisoprene (IR) • Styrene-isoprene-styrene (SIS) • Isobutylene-isoprene rubber (IIR) • Others 4.2. Global Isoprene Market, by End-user (2021-2027) • Tires • Non-tires • Adhesives • Others 5. North America Isoprene Market (2021-2027) 5.1. North America Isoprene Market, by Application (2021-2027) • Polyisoprene (IR) • Styrene-isoprene-styrene (SIS) • Isobutylene-isoprene rubber (IIR) • Others 5.2. North America Isoprene Market, by End-user (2021-2027) • Tires • Non-tires • Adhesives • Others 5.3. North America Isoprene Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Isoprene Market (2021-2027) 6.1. European Isoprene Market, by Application (2021-2027) 6.2. European Isoprene Market, by End-user (2021-2027) 6.3. European Isoprene Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Isoprene Market (2021-2027) 7.1. Asia Pacific Isoprene Market, by Application (2021-2027) 7.2. Asia Pacific Isoprene Market, by End-user (2021-2027) 7.3. Asia Pacific Isoprene Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Isoprene Market (2021-2027) 8.1. The Middle East and Africa Isoprene Market, by Application (2021-2027) 8.2. The Middle East and Africa Isoprene Market, by End-user (2021-2027) 8.3. The Middle East and Africa Isoprene Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Isoprene Market (2021-2027) 9.1. South America Isoprene Market, by Application (2021-2027) 9.2. South America Isoprene Market, by End-user (2021-2027) 9.3. South America Isoprene Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Nizhnekamskneftekhim 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. SIBUR 10.3. The Goodyear Tire & Rubber Company 10.4. Royal Dutch Shell Plc 10.5. Kuraray Co. Ltd. 10.6. ZEON Corporation 10.7. LyondellBasell Industries N.V. 10.8. JSR Corporation 10.9. Ningbo Jinhai Chenguang 10.10. Shandong Yuhuang Chemical Group Co. 10.11. Finetech Industry Ltd. 10.12. Haihang Industry Co. Ltd. 10.13. Fortrec Chemicals and Petroleum Pte 10.14. Braskem 10.15. China Petrochemical Corporation 10.16. Others

About This Report

Report ID 63582
Category Material & Chemical
Published Date May 2020
Updated Date March 2022
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