Report Description

A recent market intelligence report that is published by Data Insights Partner on Isoprene Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Isoprene Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Isoprene Market is offered.

Market Insights:

In accordance with the report, the Isoprene Market is projected to expand at a CAGR of 6.50% over the period of forecast.  The global Isoprene Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. Isoprene is a colourless, flammable liquid hydrocarbon that is created when coal tar or naphtha are thermally cracked. It is utilised as a chemical raw material and is highly combustible. Its official name is 2-methyl-1,3-butadiene and its chemical formula is C5H8. Isoprene is also produced by several angiosperm, gymnosperm, moss, and fern species. The creation of polyisoprene, which is then used to make synthetic rubber, is the main factor driving the worldwide isoprene market. One of the main factors propelling the market is the extensive usage of synthetic rubber in the automobile industry for tyres, door and window profiles, hoses, belts, matting, and flooring. Synthetic rubber can be used, and it has benefits including great abrasion resistance, heat resistance, affordability, flame retardancy, and the capacity to stick to metal surfaces. The temperature range for synthetic rubber is -45 °C to 107 °C. In 2018, the value of the world's automotive production was 95,634,593 units. The usage of synthetic rubber in the medical sector for items like gloves, tubing, catheters, and diaphragms, among others, is another element increasing demand. Due to the significant demand for synthetic rubber from key end-use sectors like the automotive, construction, and medical, Asia-Pacific held the greatest market share in 2018. The demand for isoprene is being driven by an increase in rehabilitation and new building construction across the region as a result of consumers' high disposable income. A significant factor driving the need for isoprene in the area is the expansion of the automotive industry. For instance, the percentage changes in car production in Malaysia, Indonesia, Thailand, and India in 2018 were 12.2%, 10.3%, 9.0%, and 8.0%, respectively.

Research Methodology:

To compile the detailed study of the global Isoprene Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Isoprene Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Isoprene Market.

COVID-19 Scenario Analysis:

The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Isoprene Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

Segment Covered:

Isoprene Market Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments:

Isoprene Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:

Isoprene Market, By Grade, 2022-2031 (USD Million)

·         Polymer Grade And Chemical Grade)

·         Application (Styrene Isoprene Styrene

·         Isobutylene Isoprene

·         Polyisoprene

·         Block Co Polymer

·         And Others

Isoprene Market, By End-Use Industry, 2022-2031 (USD Million)

·         Automotive

·         Medical

·         Construction

·         Personal Care

·         Sports & Leisure

·         And Others

Report Highlights:

The prime objective of the Isoprene Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report's production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.

Isoprene Market, By Region, 2022-2031 (USD Million)

·         North America ( United States, Canada, Mexico)

·         Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)

·         South Asia ( India, Pakistan and Bangladesh)

·         East Asia (China, Japan and South Korea)

·         South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)

·         Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)

·         Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)

·         South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)

·         Oceania (Australia and New Zealand)   

Companies Profiled:

To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Isoprene Market:

·         Braskem (Brazil),

·         Kuraray (Japan),

·         LyondellBasell Industries Holdings BV (Netherlands),

·         Shell Global (Netherlands),

·         SIBUR (Russia),

·         Chevron Phillips Chemical Company (US),

·         The Goodyear Tire & Rubber Company (US),

·         ZEON Corporation (Japan),

·         JSR Corporation (Japan),

·         China Petrochemical Corporation (China),

·         Dow (US),

·         Pon Pure Chemicals (India),

·         Zibo Luhua Hongjin New Material Co., Ltd (China),

·         Exxon Mobil Corporation (US)

·         PJSC Nizhnekamskneftekhim (Russia).

Isoprene Market Report Highlights:

·         Detailed analysis of the parent market

·         Key players' strategies and products supplied in the competitive landscape

·         Market segmentation in depth analysis

·         Market size in terms of volume and value, past, present, and future scenario

·         Potential and specialty areas, as well as geographical regions with promising growth prospects

·         Market players use this information to maintain and expand their market presence, thus it's important to have an unbiased perspective on market performance.

·         Recent advancements and technological trends in the industry