Isoprene is an unsaturated pentahydrocarbon with the chemical fomula C5H8. It is clear colorless liquid with an odor similar to petroleum. The monomer isoprene is used for the production of polyisoprene which is also known as synthetic rubber. Polyisoprene is inexpensive and extensively used commercial rubber. They have good fatigue resistance and are suitable for dynamic applications at low and ambient temperatures. Isoprene is mainly used for the preparation of polymers or copolymers. Smaller amounts of isoprenes are used in the production of butyl rubber resulting in an outstanding impermeability to gases for use in inner tubes.
MARKET DYNAMICS
The isoprene market is anticipated to grow in the forecast period owing to driving factors such as high growth in the synthetic rubber industry coupled with demands for polyisoprene rubber in the medical industry. However, regulations in the rubber manufacturing industry hampers the growth of the isoprene market. Nonetheless, growing demands for tires with improved performances and low rolling resistance and markets of developing countries offer lucrative opportunities for the players operating in the isoprene market during the forecast period.
MARKET SCOPE
The "Global Isoprene Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of isoprene market with detailed market segmentation by type, application, end-use industry, and geography. The global isoprene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading isoprene market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global isoprene market is segmented on the basis of type, application, and end-use industry. Based on type, the market is segmented as polymer grade and chemical grade. On the basis of the application the market is segmented as polyisoprene, styrene-isoprene-styrene (SIS), isobutylene-isoprene rubber (IIR), and others. The market on the basis of the end-use industry is classified as tires, adhesives, non-tire, and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global isoprene market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The isoprene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting isoprene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the isoprene market in these regions.
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MARKET PLAYERSThe reports cover key developments in the isoprene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from isoprene market are anticipated to lucrative growth opportunities in the future with the rising demand for isoprene in the global market. Below mentioned is the list of few companies engaged in the isoprene market.
The report also includes the profiles of key isoprene companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-JSR Corporation
-Kuraray Co., Ltd.
-Lotte Chemical Corporation
-LyondellBasell Industries Holdings B.V.
-PJSC Nizhnekamskneftekhim
-Shell International B.V.
-SIBUR International GmbH
-Sinopec Corp.
-The Goodyear Tire & Rubber Company
-Zeon Corporation
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