Isoprene Market - Industry Trends & Forecast
Market Overview:
Isoprene market will grow at a rate of 7.35% for the forecast period of 2021 to 2028. Rise in
the demand for fabricated rubber in automotive sector acts as a vital factor driving the
growth of isoprene market.
Isoprene is defined as a colourless and a volatile liquid organic compound. It is usually
employed to make compound substances with residences based on the proportion of
ingredients in it and the synthetic rubber and persecution aluminium chloride instigator has
outstanding solidness to gases and is employed in inner tubes.
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Market Segmentation:
Global Isoprene Market,
By Grade (Polymer Grade, Chemical Grade),
By Application (Styrene Isoprene Styrene, Isobutylene Isoprene, Polyisoprene,
Others),
By End-Use Industry (Automotive, Personal Care, Construction, Medical, Others),
By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America,
Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands,
Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore,
Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia,
Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and
Forecast to 2028.
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Major Key Players
Some of the major players operating in this market are :
Royal Dutch Shell Plc., Kuraray Co., Ltd., Exxon Mobil Corporation., LyondellBasell
Industries Holding B.V., Shandong Yuhuang Chemical Co., Ltd Braskem, The Goodyear
Tire and Rubber Company, SIBUR, FINETECH INDUSTRIES LIMTED., ZEON Corporation,
Ningbo Jinhai Chenguang Chemical Corporation, Haihang Industry Co., Ltd., FORTREC
PTE LTD., Chevron Phillips Chemical Company, Bridgestone Corporation, Michelin.
Continental AG, Sumitomo Rubber Industries Ltd, Sinopec and Dow among other
domestic and global players.
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Market Drivers:
Rise in the stringent policies by government ensuring of hygiene and safety is the vital factor
escalating the market growth, also rise in the rapid industrialization and emerging economies,
rise in the demand for polyisoprene products, rise in the demand for polyisoprene rubber in
the medical sector and increase in the growth in the synthetic rubber industry to increase the
production of isoprene are the major factors among others driving the isoprene market.
Moreover, rise in the demand for improved performance and low rolling resistance tires and
rise in the research and development activities in the market will further create new
opportunities for the isoprene market in the forecast period of 2021- 2028.
However, regulations in the rubber manufacturing industry acts as the major factor among
others acting as a restraint, and will further challenge the growth of isoprene market in the
forecast period mentioned above.
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Regional Analysis
Based on geography, the market is segmented into Four geographical
regions

North America

Europe

Asia-Pacific

Middle East & Africa
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