According to the latest report by IMARC Group, titled “Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global demand of polyisoprene market has reached a volume of 16 Million Tons in 2020. Looking forward, IMARC Group expects the global market to exhibit moderate growth during the next five years.
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.
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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.
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).
Polyisoprene Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the polyisoprene market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the polyisoprene market on the basis of application and region.
Breakup by Application:
- Tires and Related Products
- Latex Products
- Footwear
- Non-Automotive Engineering
- Belting and Hose
- Others
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.
Breakup by Region:
- Russia
- United States
- Japan
- China
- Western Europe
- Others
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.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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