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Polyisoprene Market Size, Share & Research Report 2022 to 2030

The global polyisoprene market size is expected to be worth around US$ 6.9 billion by 2030, according to a new report by Vision Research Reports.

The global polyisoprene market size was valued at US$ 3.2 billion in 2020 and is anticipated to grow at a CAGR of 5.1% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 6.9 billion by 2030
Growth Rate CAGR of 5.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned PJSC Nizhnekamskneftekhim; Zeon Corp.; JSR Corp.; The Goodyear Tire & Rubber Company; Kuraray Co., Ltd.

Growth Factors

 Increasing adoption of polyisoprene in the automotive, footwear, medical, non-automotive sectors is projected to fuel the market growth during the forecast period. The product is also expected to have a high demand in the tires & related products application due to the product properties like excellent resistance to abrasion &tearing and high compression set along with the increasing demand for Electric Vehicles (EVs).

Major players in the market are investing to expand and develop polyisoprene for end-use industries. For instance, in May 2020 Cariflex Pte. Ltd. announced to construct a new polyisoprene latex plant at its Paulinia facility located in Brazil to cater to strong demand from the consumer goods and medical industries. The company is expected to invest USD 50 million to drive this facility expansion project.

By Application Analysis

The tires& related product application segment dominated the market with a revenue share of more than 68% in 2020. Polyisoprene provides uniformity and higher flow properties allowing tire manufacturers to meet the high standard of steel-reinforced radial tires.

The growing product usage in the healthcare, coatings and adhesive sectors is expected to stimulate polyisoprene demand for the production of latex for medical gloves. This is due to the fact that isoprene-based latex exhibits good tear strength and tear resistance.

Polyisoprene offers several benefits over natural rubber, such as higher tensile and shear strength, which has resulted in the utilization of polyisoprene in safety footwear as well as hoses that are used in the oil & gas, construction, steel, and chemical manufacturing industries.

By Regional Analysis

Europe dominated the global market in 2020 and accounted for more than 50.5% of the global revenue share. This is due to the presence of well-established automotive and oil & gas sectors in the region.

Asia Pacific is expected to witness a significant CAGR over the forecast period owing to the rapid growth of end-use industries including automotive, medical, and construction in China, India, and Indonesia. In addition, increasing vehicle production in countries like China, Indonesia, Japan, South Korea, and India is expected to be a major driver for market growth.

North America is expected to have significant growth over the forecast years on account of the high vehicle production, mainly in Mexico and the U.S., along with heavy R&D by domestic companies aimed at product innovation and increasing its application scope.

Key Players

  • Zeon Corp.
  • JSR Corp.
  • PJSC Nizhnekamskneftekhim
  • The Goodyear Tire & Rubber Company
  • Kuraray Co., Ltd.

Market Segmentation

  • By Application
    • Tires & Related Products
    • Latex
    • Footwear
    • Non-automotive Engineering
    • Belts & Hose
    • Others
  • Regional
    • North America
      • U.S.
    • Europe
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Polyisoprene Market, By Application

7.1.  Polyisoprene Market, by Application, 2021-2030

7.1.1.    Tires & Related Products

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Latex

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Footwear

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Non-automotive Engineering

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Belts & Hose

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Others

7.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Polyisoprene Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  Zeon Corp.

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  JSR Corp.

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  PJSC Nizhnekamskneftekhim

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  The Goodyear Tire & Rubber Company

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Kuraray Co., Ltd.

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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