Title: Isoprene Market analysis research and trends report for 2019 - 2025
1Isoprene Market Growth Outlook with Industry
Review and Forecast 2019-2025
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2 Global Market Scenario of Isoprene Industry
- Isoprene market is segmented by grade type which
includes chemical grade and polymer grade. Rise
in favorable trends in global tire industry such
as growing demand for high performance tires in
passenger car segment, shall drive the product
demand. - The overall market is categorized into various
applications such as polyisoprene, isoprene
rubber (IR), styrene-isoprene-styrene (SIS) and
others. Polyisoprene is one of the major segments
owing to its large application base in tire
manufacturing. Styrene-isoprene-styrene shall
witness strong growth rate due to disappearing
technical barriers. - Market segmentation based on the basis of end use
industry is bifurcated into natural synthetic
rubber, adhesives sealants and others. Natural
synthetic rubber attained the largest industry
share in 2018 and is likely witness similar
trends during the forecast period. - Isoprene Market size is expected to see
noticeable growth owing to rising demand of
synthetic and natural rubber from growing
automobile and footwear industry in coming years.
Isoprene or 2-methyl-1,3-butadiene, is a volatile
colorless liquid, naturally produced and emitted
by several animals and trees. The product can be
obtained industrially as a byproduct in the
production of ethylene.
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3- Regional Trends-
- North America is one of the major consumers of
isoprene market due to prevalence of multiple
automobile manufactures in the region. The region
shall witness modest growth in the product demand
due to steadily rising automotive sector. - Furthermore, product shall witness tremendous
growth in Asia Pacific owing to growing economies
and end-user industries in India and China.
Europe also attained a substantial chunk of the
total industry share in 2018. - This is attributed to the presence of strong
automobile and adhesives sealants industry.
Health care industry growth in Latin America
shall drive the product demand in the coming
years. Middle East Africa shall have steady
growth rate during the forecast period.
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5- Competitive Trends
- Key product manufacturers in the isoprene market
are Royal Dutch Shell PLC., Kraton Corporation,
Kuraray Co., JSR Corporation, Precision Dippings
Manufacturing Ltd., Amyris Inc., Zeon Corporation
and Exxon Mobil Corporation. Acquisitions
mergers and expansion of capacity are some of the
strategies manufactures incorporate to increase
the market share and growth rate. - For instance, Kraton Corporation acquired Arizona
Chemical Holdings Corporation in 2016 and Kraton
opened 30 kiloton hydrogenated styrenic block
copolymer (HSBC) plant in Mailiao, Taiwan in
2017.
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