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The global polyisoprene market reached a volume of 16 Million Tons in 2020.
According to the estimates by IMARC Group, the global polyisoprene market will exhibit moderate growth during the next five years.
Polyisoprene is extensively utilized in the production of hospital sheeting and medical gloves. The spread of the coronavirus disease (COVID-19) has escalated the demand for medical equipment across the globe, thereby positively influencing the market growth.
The increasing utilization of polyisoprene in the manufacturing of automobiles and healthcare and food products represent one of the key factors impelling the market growth.
Leading manufacturers are investing in the research and development (R&D) projects and introducing new polyisoprene compounds, which is acting as a major trend in the market.
On the basis of the application, the market has been categorized into tires and related products, latex products, footwear, non-automotive engineering, belting and hose, and others.
Region-wise, the market has been segmented into the United States, China, India, Japan, Thailand and others.
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