Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Press Release:

Global Polyisoprene Market to Exceed 20 Million Tons by 2024, Bolstered by Introduction of New Polyisoprene Compounds

*As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Polyisoprene is a polymer of isoprene found in the latex of the Hevea Brasiliensis trees and is known as natural rubber. Industrially, it is mainly synthesized from isoprene monomer. It is used in manufacturing tires, latex products, footwear, non-automotive engineering products, belting and hoses, etc. IMARC Group’s latest report “Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 provides an in-depth analysis of the global polyisoprene market. According to the report, the global demand of polyisoprene has reached a volume of 15.6 Million Tons in 2019, driven by its capability to manufacture tires.

The report has analysed the global market for polyisoprene on the basis of end-uses. Polyisoprene has a number of functional qualities which find uses in various industries. Traditionally, natural polyisoprene has been used in tire manufacturing. These days, however, synthetic rubber is substituting natural rubber. Tire and related products segment represents the largest and fastest growing consumer of polyisoprene. Other applications of polyisoprene cover latex products, footwear, non-automotive engineering, belting and hoses.

The report has further analysed market share of key regions. Currently, Russia represents the largest market for synthetic polyisoprene accounting for more than a third of the total global consumption. In case of natural polyisoprene, China represents the largest market. Assessing the global imports and exports of synthetic polyisoprene, the report has found that Poland is the largest global importer of synthetic polyisoprene while Malaysia is the largest importer of natural rubber. Apart from being the largest consumer, Russia also represents the largest exporter of synthetic polyisoprene while Thailand is the largest exporter of natural rubber. Looking forward, IMARC Group expects the market to reach a volume of US$ 21.4 Billion by 2025, registering a CAGR of 5.4% during 2020-2025.

The report has also analysed the competitive landscape of the global polyisoprene market. As the polyisoprene manufacturing process is complex and capital intensive, it is dominated by a handful of companies. Nizhnekamskneftekhim is currently the world’s largest synthetic polyisoprene manufacturer accounting for nearly a third of the total global polyisoprene production. Sri Trang group based in Thailand is the leader in natural rubber production and processing.

This report provides a deep insight into the global polyisoprene industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also gives an in-sight into the manufacturing process of polyisoprene, covering key success and risk factors for manufacturers, detailed process flow, the chemical reactions involved, raw materials and their requirements, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the polyisoprene market in any manner.

The essential aspects of the global polyisoprene market evaluated in the report include: