2-methyl-1,3-butadiene, commonly known as Isoprene, is a colorless volatile liquid, naturally produced and is emitted by several animals and trees. Isoprene is obtained industrially as a byproduct in the production of ethene. It is used to manufacture synthetic rubber polyisoprene, which is used in several end-user industries such as automotive, construction, and medical among others.
According to BlueQuark Research & Consulting, the global Isoprene market is expected to witness a considerable growth rate during the forecast period. The primary factor responsible for the Global Isoprene market's growth is increasing synthetic rubber usage in tires, non-tires, and adhesives. Increasing focus on low-rolling-resistance tires to improve automobiles' fuel efficiency is further expected to propel the isoprene market during the forecast period. However, the fluctuating price of crude oil and the rubber manufacturing industry regulations act as the Isoprene market's restraints.
Asia-Pacific region is projected to dominate the Global Isoprene market. The consumers' high disposable income has resulted in an increased renovation and new building construction activities across the Asia Pacific region, driving the demand for Isoprene. The growth of the automotive industry is also a significant factor propelling isoprene demand in this region.
In terms of segmentation by grade, the Global Isoprene market is dominated by the Polymer-grade Isoprene. This is due to its properties similar to natural rubber. It also has more consistency than natural rubber in terms of cure rate, mixing, strength, processing, and molding.
In terms of segmentation by the End-user Industry, the Automotive Industry is projected to dominate the Global Isoprene market. The increasing demand for Isoprene for tire production in the automotive industry is estimated to propel the region's isoprene market over the forecast period.
The Global Isoprene market is highly fragmented. Major companies in the market were found to be Royal Dutch Shell PLC, Kraton Corporation, JSR Corporation, Exxon Mobil Corporation, Dow Chemical Company, and Zeon Corporation, among others.
Global Isoprene Market report provides deep insight into the Isoprene market's current and future state across various regions. The study comprehensively analyzes the Isoprene market by segmenting based on Grade (Chemical grade, and Polymer grade), Application (Polyisoprene (IR), Styrene-isoprene-styrene (SIS), Isobutylene-isoprene rubber (IIR), and Other applications), End-user Industry (Automotive, Personal Care, Construction, Medical, and Other End-user Industries), and Geography (Europe, Asia-Pacific, North America, South America, and Middle-East & Africa). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.
Summary:
Get latest Market Research Reports on Isoprene. Industry analysis & Market Report on Isoprene is a syndicated market report, published as Global Isoprene Market Outlook to 2026. It is complete Research Study and Industry Analysis of Isoprene market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.