Global Polyisoprene Market, By Application (Medical Gloves, Condoms, Medical Balloons, Catheters, Adhesives), End-Use (Medical, Consumer Goods, Industrial), 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
Market Analysis and Insights: Global Polyisoprene Market
Polyisoprene market will grow at a rate of 8.25% for the forecast period of 2021 to 2028. Rise in the consumption of polyisoprene in tires, particularly green tires, as it imparts exceptional performance acts as a vital factor driving the growth of polyisoprene market.
Polyisoprene is a polymer of isoprene which is found in the latex of the hevea brasiliens and is trees and is known as natural rubber. It is mainly synthesized from isoprene monomer and it is used in manufacturing tires, latex products, footwear, non-automotive engineering products, belting and hoses among others.
Rise in the consumption in healthcare, coatings, and the adhesive sector is the vital factor escalating the market growth, also rise in the investment by various major players in countries including India, China, Mexico, Russia, Vietnam, and South Africa, rise in the disposable incomes coupled with urbanization and rise in the construction sector are the major factors among others driving the polyisoprene market. Moreover, rise in the research and development activities and increase in the demand from emerging economies will further create new opportunities for the polyisoprene market in the forecast period of 2021- 2028.
However, high cost of polyisoprene as compared to natural rubber latex is the major factor among others acting as a restraint, and will further challenge the growth of polyisoprene market in the forecast period mentioned above.
This polyisoprene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyisoprene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Polyisoprene Market Scope and Market Size
Polyisoprene market is segmented on the basis of application and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the polyisoprene market is segmented into medical gloves, condoms, medical balloons, catheters and adhesives.
The polyisoprene market is also segmented on the basis of end-use into medical, consumer goods and industrial.
Polyisoprene Market Country Level Analysis
Polyisoprene market is analysed and market size, volume information is provided by application and end-use as referenced above.
The countries covered in the polyisoprene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyisoprene market due to increase in the consumption in healthcare, coatings, and the adhesive sector and rise in the research and development activities in this region. North America is the expected region in terms of growth in polyisoprene market due to increase in the consumption in healthcare, coatings, and the adhesive sector in this region.
The country section of the polyisoprene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyisoprene Market Share Analysis
Polyisoprene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyisoprene market.
The major players covered in the polyisoprene market report 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. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.