Isoprene rubber is an indispensable prerequisite across a range of end-use applications to reciprocate constant demand spikes amongst end-use industries. Besides supplementing as a protective lining for various corrosion and abrasion prone materials, rubber, both in its natural and synthetic forms is widely adopted across a range of industrial applications for enhanced equipment and device longevity. The product is a high-end industry component that has been fuelling diverse commercial applications. Isoprene rubber is similar to natural rubber and can be naturally obtained besides being harvested synthetically.
The global Isoprene Rubber market is anticipated to increase at a 8% CAGR to reach value USD 1162.38 million in 2027
Additionally, both synthetic and natural rubber variants are also used categorically as a prerequisite building element which is long lasting and has tremendous heat, temperature, and abrasion resistance. Synthetic rubber such as isoprene rubber has amassed significantly large mass attention owing to a host of advantages such as better resistance capabilities and improved longevity. Additionally, large scale and affordable production process of synthetic rubber is a clear advantage over natural rubber. Ease of production and affordability to drive mass scale adoption of isoprene rubber over their natural counterpart. Factors as such are estimated to clock heavy returns in the global isoprene rubber market.
Natural rubber is more expensive as it is obtained from natural rubber plantations after intense manufacturing processes and labor. Natural rubber has a set of disadvantages such as poor temperature resistance. Natural rubber carry certain drawbacks that result in degradation of rubber over time. They have a poor chemistry with hydrocarbons such as oils and greases. These factors have necessitated reliance on synthetic rubber such as isoprene rubber. Needless to mention, synthetic rubber variants such as isoprene rubber is gaining prominence in the coming years, initiating relentless progress in global isoprene rubber market. Growth in isoprene rubber market directly coincides with automotive industry growth as isoprene rubber is a chief building component of automotive tires and other rubber based derivatives.
Isoprene rubber has been gaining much limelight with soaring advances in the automotive industry. Backed by improved lifestyle and spending capabilities, need for automotive, primarily for commutation has been on the rise which is estimated to reflect favorably on the adoption and reciprocate onward growth trend in global isoprene rubber market. In these lines, automotive industry in India is witnessing pronounced developments, thus grabbing the fourth position globally with massive automotive sales in terms of both consumer as well as commercial vehicle production. These advances further expedite lucrative possibilities in the tire industry, also replicating growth in pre-requisite components such as isoprene rubber market.
Following the trends of matured economies, isoprene rubber is set to experience massive adoption in tire industry on the back of spectacular adoption in automotive manufacturing, backed by consumer demands in emerging countries. Rise in trade and commerce activities, leading to large scale adoption of commercial heavy duty vehicles is also likely to push demands for isoprene rubber.
Countries such as China and India are forerunners in propelling the tire industry forward with large scale presence of international tire makers in the regions. Events such as ATMA Annual Convention organized in Indian capital Delhi strictly focused on improved collaborative efforts targeted towards auto makers and the tire industry. In the face spectacular improvements in the automotive industry to cater to emerging mobility needs, a common interface for collaborative efforts of vehicle manufacturers and tire producers is indispensable. These new developments are likely to keep needs for synthetic rubber such as isoprene rubber remains indomitable, thereby incorporating million dollar growth in global isoprene rubber market.
The global isoprene rubber market is poised to garner further propulsion with overall consumption and production in the medical disposables. Healthcare investments globally is likely to remain highly lucrative, backed by rapid investments by notable market participants, coupled with enormous pro-healthcare development funding. Medical disposables such as surgical gloves which remain one of the most sought after industrial products has been a potential growth trigger in global isoprene rubber market. Isoprene rubber on the back of its stark similarities with natural latex has been witnessing surged adoption as an apt substitute to isoprene rubber.
Improved functional capabilities such as ability to fit in moist hands are some of the improved advantages offered by isoprene rubber based surgical gloves.
Consistent exposure to rubber often results in acute latex allergy amongst many, like those working for long hours at rubber industries as well as medicine and healthcare set-up wherein rubber is a core component. To combat such widespread occurrence of latex allergy, adoption of alternatives such as isoprene rubber, with similar properties of rubber is poised to effectively replace traditional rubber. Isoprene rubber are largely devoid of latex allergen. A range of consumer products and medical disposables are effectively made from isoprene rubber. Besides surgical gloves, isoprene rubber finds rampant adoption across other medical products such as catheters and balloons. These devices are optimally used in the healthcare industry for effective cardiovascular diseases therapeutics such as opening up of severe arterial blockages. Instances of premature balloon bursting owing to manufacturing shortcomings have claimed several lives. To largely offbeat such occurrences, adoption of sturdy, isoprene rubber-based catheters and balloons have attained farfetched popularity in the recent past.
Rapid rise in diverse end-use applications comprising manufacturing, consumer products as well as medical and automotive industries are anticipated to keep growth pace constant in global isoprene rubber market in the near future. For effective understanding and to encourage profit driven business decisions, the following sections of the report presents a deep analytical review of dynamic segmentation on global isoprene rubber market.
Isoprene Rubber Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2027||USD 1162.38 million|
|Growth Rate||CAGR of 8 % during 2021-2027|
|Segment Covered||Application, By End Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Royal Dutch Shell Plc, Top Glove Corp Bhd, Zeon Corporation, PAO Sibur Holding, Kraton Corporation, Ansell Limited, JSR Corporation, Supermax Corp. Bhd, Kossan Rubber Industries Bhd, Hartalega Holdings Bhd|
Key Segment Of The Isoprene Rubber Market
By Application, 2021-2027 (USD Million)
• Medical Gloves
• Medical Balloons
By End Use, 2021-2027 (USD Million)
• Consumer Goods
Regional Overview, 2021-2027 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
Major Market Movements:
- Advances in automotive and tire industry to keep growth scope rosy in years to come
- Healthcare industry on the back of improved user mindfulness as government funds to elevate reliance on hygienic workflow
- Use of surgical gloves and consumables such as diapers, and geriatric urine contingence requisites are likely to further expedite adoption of isoprene rubber disposables
- Countries across Asia are poised to remain highly lucrative with booming automotive and healthcare industries
- The report is poised to study and analyze global isoprene rubber market through the forecast tenure, 2018-25.
- The market is likely to grow at a CAGR of xx% and is expected to supersede its initiation valuation of xx billion USD in 2018 to xx billion USD in 2025.
- To render a broad geographical overview and emphasis on dynamics such as drivers, threats, challenges, and trends in global isoprene rubber market. The report also includes a detailed rundown on untapped market opportunities.
- A section on competition analysis has also been tagged in the report to encourage lucrative business decisions.