IMARC Group’s latest report, titled “Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the global polyisoprene market size reached a volume of 15.6 Million Tons in 2019. Polyisoprene is a polymer of isoprene (C5H8), the primary chemical constituent of the naturally occurring resins balata and gutta-percha. It can also be produced synthetically by the polymerization of 2-methyl-1,3-butadiene with a Ziegler-Natta catalyst. Polyisoprene elastomers closely resemble natural rubber in their properties, as well as molecular structure. They can undergo elastic deformation under stress and return to their previous size without affecting the original form. As a result, they are widely utilized in applications requiring resilience and high tensile strength.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Polyisoprene Market Trends:
Polyisoprene finds applications in the manufacturing of latex products, footwear, non-automotive engineered products, rubber springs, adhesives and coatings. In the automotive industry, polyisoprene is employed for manufacturing tires, door and window profiles, hoses, matting, and belts. It is also used in food- and medical-grade products, including hospital sheeting, milk tubing, surgical gloves, baby bottle nipples and condoms, due to its high purity and gum tensile strength. Apart from this, continuous research and development (R&D) has led to the introduction of new polyisoprene compounds that exhibit properties such as low needle penetration resistance and high resealability, which make them suitable for manufacturing injection septa. Furthermore, with the spread of the coronavirus disease (COVID-19), the demand for polyisoprene has escalated due to its usage in the production of medical gloves that are used for examining patients. Looking forward, the market is anticipated to reach a volume of 21.4 Million Tons by 2025, registering a CAGR of 5.4% during the forecast period (2020-2025).
- Based on the type, natural polyisoprene represents the most popular product type, followed by synthetic polyisoprene.
- On the basis of the application, the market has been categorized into tires and related products, latex products, footwear, non-automotive engineering, and belting and hose. Amongst these, polyisoprene is mostly utilized in the production of tires and related products.
- Region-wise, China represents the biggest market for natural polyisoprene. Other significant markets include India, the United States, Japan and Thailand. On the other hand, the synthetic polyisoprene market has been segmented into Russia, the United States, Japan, China, Western Europe and others. At present, Russia holds the leading position in the market.
- The competitive landscape of the market has been analyzed in the report, with detailed profiles of the leading players operating in the industry.
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