PUNE, India, April 17, 2017 /PRNewswire/ --
The report "Isoprene Market by Type (Polymer grade, Chemical grade), Application (Polyisoprene, Styrene isoprene styrene, Isobutyl isoprene rubber), End-Use Industry (Tires, Non-tires, Adhesives), and Region - Global Forecast to 2021", published by MarketsandMarkets™, the market was valued at USD 1.93 Billion in 2015, and is projected to reach USD 2.96 Billion by 2021, at a CAGR of 7.4%, during 2016 to 2021.
Browse 155 market data Tables and 61 Figures spread through 162 Pages and in-depth TOC on "Isoprene Market"
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Isoprene has properties similar to natural rubber such as flexibility and strength without odor, fragmentation, or allergic reaction, which drives its demand in tires, non-tires, adhesives, and other industries.
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The polymer grade type is estimated to lead the isoprene market
Polymer grade type of isoprene is majorly used for polyisoprene application. Polyisoprene has similar properties like natural rubber. Properties like toughness, abrasion and cold resistance, high tensile strength, high resilience, and good hot tear strength makes it suitable for tire manufacturing. Polymer grade isoprene is also used in industries such as medical, pharmaceutical packaging, and automotive. It is estimated to be the leading isoprene type in the market due to its growing use in diversified industries.
Polyisoprene application accounted for the largest share of the isoprene market
Polyisoprene application accounted for the largest share of the isoprene market, followed by styrene isoprene styrene. Isoprene is primarily used to make polymeric materials. It is used to produce polyisoprene, which is produced by polymerizing isoprene monomer; it is also used to produce styrene isoprene styrene (SIS), isobutylene-isoprene rubber (IIR), and other specialty chemicals.
The tire industry is estimated to lead the isoprene market
The tire industry accounted for the major share of the isoprene market, followed by adhesives. Polyisoprene application is used in tire manufacturing.
The rising demand for Isoprene Market from Europe is expected to be a key factor driving the growth of isoprene in the region
Europe is estimated to be the leading market for isoprene. Russia is projected to be the fastest-growing market for isoprene during the forecast period. Germany, France, and the U.K. are other countries contributing to the growth of isoprene market in this region. The increasing demand for isoprene from the end-use industries such as tires, non-tires, adhesives, and others is expected to drive the growth of the isoprene market in these countries.
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The key companies profiled in the isoprene market research report are Nizhnekamskneftekhim (Russia), SIBUR (Russia), The Goodyear Tire & Rubber Company (U.S.), Royal Dutch Shell Plc (Netherlands), Kuraray Co. Ltd. (Japan), ZEON Corporation (Japan), LyondellBasell Industries N.V.(U.S.), JSR Corporation (Japan), Ningbo Jinhai Chenguang (China), Shandong Yuhuang Chemical Group Co. Ltd. (China), Finetech Industry Ltd. (U.K.), Haihang Industry Co. Ltd. (China), Fortrec Chemicals and Petroleum Pte Ltd. (Singapore), and Braskem (Brazil).
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