The global isoprene market size was worth around USD 4.92 Billion in 2023 and is predicted to grow to around USD 9.76 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.90% between 2024 and 2032.
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The study provides a forecast and analysis of the isoprene market at the global and regional levels. The study contains historical data for 2018 and 2022, as well as a prediction from 2024 to 2032 in terms of volume (tons) and revenue (USD billions). The paper examines the key drivers and restraints in the isoprene industry. It also includes information about the market’s impact during the future term. Furthermore, the paper examines global opportunities in the isoprene market.
A complete value chain analysis is included in this research to provide consumers with a comprehensive perspective of the isoprene market. To understand the competitive landscape of the market, an analysis of Porter’s Five Forces model has also been included. The study includes a market attractiveness analysis, which compares all segments based on market size, growth rate, and overall attractiveness.
Isoprene is an unsaturated penta hydrocarbon present in a wide variety of creatures, including humans, animals, and plants. Isoprene in its natural condition is a colorless, volatile hydrocarbon liquid. Isoprene in its purest form is extremely flammable at room temperature and can be easily ignited. Approximately 75% of all isoprene produced is utilized to make synthetic rubber.
As a result of expanding vehicle manufacturing around the world, the global market for isoprene is expected to grow significantly over the forecast timeframe. The growing need in the automotive industry for fuel hoses, tires, mud flaps, engine mounting, exhaust rubber hangers, suspension bushes, and floor mats is expected to drive the growth of the global isoprene market in the coming years. Another factor expected to contribute to the global expansion of the isoprene market in the coming years is the significant use of isoprene in the production of synthetic rubber for performance qualities comparable to those of natural rubber and durability provided to end-products.
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The Global Isoprene Market is segmented based on product, application and region
Global Isoprene Market: Product Segment Analysis
● Polymer Grade
● Chemical Grade
Global Isoprene Market: Application Segment Analysis
● Polyisoprene
● Styrene-Isoprene Styrene
● Isobutyl-Isoprene Rubber
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The global Isoprene market profiles key players such as:
● SIBUR
● Fortrec Chemicals and Petroleum Pte Ltd.
● LyondellBasell Industries N.V.
● Kuraray Co. Ltd.
● ZEON Corporation
● Royal Dutch Shell PLC
● Ningbo Jinhai Chenguang
● JSR Corporation
● Finetech Industry Ltd.
● Haihang Industry Co. Ltd.
● Shandong Yuhuang Chemical Group Co. Ltd.
● Braskem
Isoprene Market: Regional Analysis
Geographically, the isoprene market is divided into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East/Africa. In terms of volume, Asia Pacific dominated the global isoprene market in 2024. This was primarily due to the region’s growing construction and automobile industry. The increased demand for isoprene in tire manufacture is expected to be a driving force behind the region’s isoprene market expansion throughout the forecasted time period.
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