Isoprene Rubber Market- Global Industry Analysis And Forecast (2023-2029)

Isoprene Rubber Market size was valued at US$ 1.56 Bn. in 2022, and the total Isoprene Rubber revenue is expected to grow at 5.3% from 2023 to 2029, reaching nearly US$ 2.25 Bn.
Isoprene Rubber Market Overview:
Isoprene rubber is a synthetic elastomer manufactured from polymers derived from petroleum by-products. It is a synthetic rubber made with complicated stereospecific polymerization catalysts in solvents. Isoprene rubbers have high strength, are durable and tough, and withstand abrasion and fractures well. Its working temperature ranges from -55°C to 80°C, making it a better alternative for automotive sector applications such as tyre manufacturing for tread, breaker and sidewalls, drive belts, and so on. The isoprene rubber market is growing because of its increasing usage in tyres, conveyor belts, hoses, molded rubber, and medical equipment such as gloves and balloons. The increasing car sales in China and India are expected to drive the need for isoprene in the automotive sector for the production of polyisoprene. The increased need for fuel-efficient and environmentally friendly tyres is propelling the tyre sector, and thus the Isoprene Rubber market is also increased over the forecast period.
Isoprene Rubber Market Snapshot
To know about the Research Methodology :- Request Free Sample Report

In this report, the Isoprene Rubber market's growth reasons, as well as the market's many segments (End-user, Application, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Isoprene Rubber market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Isoprene Rubber market situation.
Isoprene Rubber Market Dynamics:
Rising demand in Medical Sector Supporting the Isoprene Rubber market:

Improving patient safety and raising global awareness about alternatives to conventional rubber materials used in the manufacture of various medical devices would boost the market's overall growth. The medical sector's need for surgical gloves is steadily increasing. In addition, the need for appropriate materials for surgical glove manufacture would provide a positive environment for the growth of the isoprene rubber market. The COVID-19 outbreak has increased the need for medical gloves. They are recommended for patients who are suspected of having coronavirus. Aside from that, demand for medical gloves is at an all-time high as a precaution against virus transmission. As a result, there is more demand in the market.

Condoms are also manufactured from Isoprene rubber. Government restrictions aimed at regulating uncontrolled population growth and preventing sexually transmitted illnesses are pushing the condom market and creating a favorable environment for the growth of the isoprene rubber market over the forecast period.

Industrial development Boosting the Isoprene Rubber Market:

Rapid growth in the industrial, healthcare, and construction sectors is driving Isoprene Rubber Latex sales in the country. Stringent laws and regulations, as well as rising industrialization, are encouraging the usage of safety equipment such as gloves in a variety of sectors fueling the Isoprene Rubber market growth in recent years. As people become more conscious of worker safety and occupational risks in the construction sector, the need for protective gloves will rise. Driven by these factors, sales of isoprene rubber across the world are anticipated to grow over the forecast period.

The demand for Isoprene Rubber in the Automobile industries:

With the advancements in the automobile sector, isoprene rubber has received a lot of attention. The demand for automobiles particularly for travelling has increased owing to a better lifestyle and spending capacities are expected to positively impact adoption and drive the worldwide isoprene rubber market. In this regard, India's automotive sector is seeing significant growth propelling it to fourth place in the world in terms of both consumer and commercial vehicle production. These advancements accelerate profitable opportunities in the tyre sector while also replicating growth in pre-requisite components such as the isoprene rubber market. Following the trend of economies, isoprene rubber is expected to see widespread adoption in the tyre sector in car manufacturing. The growing development of the automobile sector has boosted the isoprene rubber market.

Isoprene rubber is widely utilised in the automotive sector. The isoprene rubber market will be driven by an increase in the number of applications in the automotive sector such as hose production, cable insulation, and conveyor belt manufacture. Other applications such as rubber bands, sponges, baby bottle nipples, sporting goods, and footwear are driving the need for isoprene rubber. Isoprene rubber has no fatty or protein compounds, which is advantageous because it produces allergies in some circumstances as compared to typical or natural rubber.

Restraint for the Isoprene Rubber Market:

Hazardous air pollutants are emitted by tyre and rubber production operations (HAP). Stringent requirements set by the regulatory authorities to minimize HAPs are expected to hamper the synthetic Isoprene Rubber market in the future years.
Isoprene Rubber Market Segment Analysis:
By End-user, the medical sector's rapidly growing need for medical gloves will be a significant growth driver for the isoprene rubber market. The growing population increased prevalence of chronic and non-chronic diseases, and advancements in medical treatment will drive up global demand for medical gloves in the field. The product is primarily used in the manufacture of medical equipment such as catheters, cohesive bandages, medical stoppers, membranes, tube connections, and so on, as well as in medical procedures such as fixation, invasive diagnostic methods, and pharmaceutical delivery. With almost 2.5 million people infected with the new coronavirus, there has been an unexpected surge in demand for disposable medical gloves.

By Application, the Medical gloves segment dominated the highest market share accounting for 31% in 2022. IR is utilised in the production of allergy-free medical gloves that are an excellent alternative to natural rubber gloves. The drawback of natural rubber gloves is that they include naturally occurring proteins that induce type 1 allergy concerns. IR latex, on the other hand, avoids this risk because it lacks these proteins. Aside from that, these gloves have a high level of purity, consistency, strength, softness, and elasticity. Furthermore, the importance of gloves in the healthcare sector as well as the incidence of unfortunate medical issues such as COVID-19 would boost isoprene rubber market share by 2029.
Isoprene Rubber Market Regional Insights
In the US isoprene rubber market grew at a CAGR of 8.6% in 2022. In the future years, the rapid development of end-use sectors such as medical, construction, and industrial safety equipment in the United States is expected to boost demand for isoprene rubber for the manufacturing of safety gloves. One of the major causes driving demand for isoprene rubber is the rising need for medical and industrial gloves in the United States, notably in the industrial and healthcare sectors. The growing usage of isoprene rubber latex in the production of personal protective equipment and industrial goods such as seals, gaskets, and conveyor belts will also be a major growth driver.

In the Asia Pacific, China’s Isoprene Rubber Market is expected to grow owing to the increased demand for medical gloves and the adoption of improved healthcare standards as well as increased awareness about personal safety and hygiene. Aside from that, China's emphasis on population control and raising knowledge about the prevention of sexually transmitted diseases has resulted in significant condom demand. This has produced a favourable environment for the sale of isoprene rubber in the country.

The objective of the report is to present a comprehensive analysis of the Isoprene Rubber 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 analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the market dynamics, and structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
Isoprene Rubber Market Scope: Inquire before buying



Isoprene Rubber Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.56 Bn.


Forecast Period 2023 to 2029 CAGR:
5.3 %
Market Size in 2029:
US $ 2.25 Bn.


 Segments Covered:
by End-user
Medical
Consumer products
Industrial
Other


by Application
Medical gloves
Medical balloons & catheters
Condoms
Adhesives
Breaker and sidewalls
Others



Isoprene Rubber Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Isoprene Rubber Market, Key Players are
1. Zeon
2. Kraton Corporation
3. Hi-Tech Polymer
4. Ames Rubber Manufacturing
5. DuPont
6. Elder Rubber Company
7. GBSA
8. CANADA SILICONE INC.
9. Kivi Markings
10. Specialty Tapes Manufacturing, REDCO
11. Plexipave
12. Sreeji Trading Company
13. Harboro Rubber
14. Rubber MilL
15. Apcotex Industries Ltd.
16. Anabond Limted
17. Tiger Rubber Company
18. ZORGE
19. Hanna Rubber Company

FAQs:

1. Which is the potential market for the Isoprene Rubber in terms of the region?
Ans. In the APAC region, the increased demand for medical gloves and the adoption of improved healthcare standards as well as increased awareness about personal safety and hygiene are expected to drive the Isoprene Rubber market.

2. What is expected to drive the growth of the Isoprene Rubber market in the forecast period?
Ans. The rising demand for Isoprene Rubber in the Medical and Industrial sectors is the key driver for the market growth over the forecast period.

3. What is the projected market size & growth rate of the Isoprene Rubber Market?
Ans. Isoprene Rubber Market size was valued at US$ 1.56 Bn. in 2022 and the total Isoprene Rubber revenue is expected to grow at 5.3 % through 2023 to 2029, reaching nearly US$ 2.25 Bn.

4. What segments are covered in the Isoprene Rubber Market report?
Ans. The segments covered are End-user, Application, and Region.