Isoprene Market Trend Analysis & Competition Tracking, Research Report by forecast to 2023
Isoprene, a raw material in the production of synthetic rubber is obtained during the processing of petroleum or coal tar and as a by-product of naphtha pyrolysis. Natural isoprene rubber offers an array of properties such as flexibility, and high tensile strength whereas polymer grade synthetic polyisoprene has properties which makes him ideal to be used as viscosity increasing agent, and hypoallergenic.
Global Key Players and Competition Analysis
Some of the prominent players operating in the Global Isoprene Market are The Goodyear Tire & Rubber Company (the U.S.), SIBUR (Russia), Royal Dutch Shell plc (the Netherlands), LyondellBasell Industries N.V. (the Netherlands), ZEON CORPORATION (Japan), Ningbo Jinhai Chenguang Chemical Corporation (China), PJSC Nizhnekamskneftekhim (Russia), Kuraray Co., Ltd (Japan), Chevron Phillips Chemical Company (the U.S.), and Exxon Mobil Corporation (the U.S.) among others.
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The Global Isoprene Market is categorized based on grade, application, and region. Based on grade, the market is bifurcated into polymer grade, and chemical grade. Based on application, the Isoprene Market is categorized into styrene isoprene styrene, block copolymer, isobutyl isoprene, polyisoprene. Based on the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The Global Isoprene Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the review period 2017-2023 on account of expanding medical and construction industries. The Asia Pacific Polyisoprene Market is predicted to experience a rapid growth due to increasing urbanization and population in various countries such as such as China, India, Japan, and Indonesia over the forecast period.
The demand for isoprene is predicted to witness significant growth over the assessment period due to the surging automotive industry. Increasing demand for polyisoprene products, which are having properties like natural rubber along with rising consumption of synthetic isoprene rubber in surgical appliances is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period 2017-2023.
Browse the market data and information spread across 132 pages with 47 data tables and 13 figures of the report “Isoprene Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/isoprene-market-4799
The trio discovered a new isoprene-synthesizing process using a computer-based in-silico metabolic design technology - the new artificial pathway reduces that process to two stages which are not achievable by natural enzymes. Yokohama also confirmed that this technology could also be applied to butadiene-based synthetic rubber and other diene rubbers.
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