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Dynamics Of The Global Isoprene Rubber Market Outlook: Ken Research Buy Now The isoprene rubber is an artificial elastomer which made up of polymers that are manufactured from by-products of petroleum.
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Modern Technology of Polyterpene Resins & Their Applications
According to this latest study, the growth in the Polyterpene Resin market will change significantly from the previous year. Over the next five years, Polyterpene Resin will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
Polyterpene resins are created by the cationic polymerization or copolymerization of monoterpenes such as -pinene and -pinene or limonene (natural rubber, or polyisoprene, is a polyterpene made up of up to 1,500-15,000 isoprene units). Rubber is a polyterpene made up of isoprene subunits that repeat. Charles Goodyear's addition of sulfur to rubber resulted in vulcanized rubber, which has varying degrees of pliability depending on the combination ratio.
IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyses the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
Read More: https://introspectivemarketresearch.com/reports/polyterpene-resin-market/
Polyterpene Resin Market - Size, Competitive Landscape and Segmentation Analysis:
Polyterpene Resin Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Key Prominent Players in The Polyterpene Resin Market:
Arizona Chemical, Arakawa Chemical, RT, Eastman, Pinova, YASUHARA CHEMICAL,Foshan Baolin Chemical
The market has segmented the global Polyterpene Resin market on the basis of type, application, and region:
The Polyterpene Resin market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Polyterpene Resin Market Segment by Types, Estimates, and Forecast by 2028
Special Grade, First Grade, Second Grade
Polyterpene Resin Market Segment by Applications, Estimates, and Forecast by 2028
Rubber Thickener, Ink, Coating
Regional Analysis for COVID-19 Outbreak-Global Polyterpene Resin Market:
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
North America (U.S., Canada, and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (Saudi Arabia, UAE, South Africa)
We Offer Discount on The Polyterpene Resin Market Report @: https://www.introspectivemarketresearch.com/discount/1824
Polyterpene Resin Report provides insights into the following queries:
1.Market growth rate and growth momentum of Polyterpene Resin market for the period 2022-2028 2. The estimated size of the Polyterpene Resin market for the period 2022-2028 3. Sales (volume), revenue, and value analysis by regions of Polyterpene Resin market 4. The associated market risk, opportunity, and market overview of the Polyterpene Resin market 5. Major distributors, dealers, end-users, and traders of the Polyterpene Resin market?
This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Polyterpene Resin market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Polyterpene Resin market segments and regions.
The report covered the major key points:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SWOT analysis, and recent strategic developments
#Polyterpene Resin market size#Polyterpene Resin market forecast#Polyterpene Resin market analysis#Polyterpene Resin industry
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Isoprene Rubber (IR) Market 2020 Supply-Demand, Industry Research and End User Analysis, Outlook 2026
Report Title: Global Isoprene Rubber (IR) Market Research Report 2020
The Isoprene Rubber (IR) Market report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Isoprene Rubber (IR) by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Get Sample PDF of report - https://www.360marketupdates.com/enquiry/request-sample/14824601
Scope of the Isoprene Rubber (IR) Market Report:
Isoprene rubber (IR) is a polymer of synthetic isoprene. It combines the key qualities of natural rubber such as good mechanical properties and hysteresis with superior features such as high purity, excellent clarity, good flow, low gel content, no nitrosamines, and no natural rubber proteins. The IR products are widely used in tire, medical products, conveyor belts and others.
In addition, polyisoprene elastomer is equivalent to isoprene rubber (IR).
In consumption regions, the growth rate of global consumption is smooth relatively. Russia is still the mainly consumption regions due to the advanced production technology and rapid development of economy.
The isoprene rubber industry is easily affected by the price of the natural rubber crude oil and natural gas. The natural rubber is an alternative of IR products, with the same price trends in the past few years. The price of natural rubber changed intensely since 2013, which lead to the fluctuation of IR price.
The major raw material for isoprene rubber is isoprene monomer. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of isoprene rubber industry.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.
Market Analysis and Insights: Global Isoprene Rubber (IR) Market
The global Isoprene Rubber (IR) market is valued at 1387.7 million USD in 2020 is expected to reach 1758.2 million USD by the end of 2026, growing at a CAGR of 3.4% during 2021-2026.
Global Isoprene Rubber (IR) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market bette
In this study, 2019 has been considered as the base year and 2020 to 2026 as the forecast period to estimate the market size for Isoprene Rubber (IR). This report researches the worldwide Isoprene Rubber (IR) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
Isoprene Rubber (IR) Market Segment by ProductTypes considering Production, Revenue (Value), Price Trends:
Medical Grade
Industrial Grade
Market Segment by Applications considering Consumption Growth Rate and Market Share:
Tires and Tire Products
Mechanical Rubber Products
Other
Major Key Players of Isoprene Rubber (IR) Market Report:
PJSC Nizhnekamskneftekhim
KauchukSterlitamak
Sibur
Goodyear Chemical
Kraton
Zeon
JSR
Kuraray
Karbochem
Yikesi
Luhua
Tpi New Material
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Further in the Isoprene Rubber (IR) Market research reports, following points are included along with in-depth study of each point:
Production Analysis– Production of the Isoprene Rubber (IR) is analyzed with respect to different regions, types and applications. Here, price analysis of various Isoprene Rubber (IR) Market key players is also covered.
Supply and Consumption– In continuation with sales, this section studies supply and consumption for the Isoprene Rubber (IR) Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.
Key Strategic Developments– The study also includes the key strategic developments of the Isoprene Rubber (IR) market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, Global and regional growth of the leading competitors operating in the market on a global and regional scale.
Isoprene Rubber (IR) Market Report Includes:
Industry Trends:Status and Outlook.
Competitive Landscape: By Manufacturers, Development Trends.
Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
Market Segment: By Types, By Applications, By Regions/ Geography.
Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Benefits of Purchasing Isoprene Rubber (IR) Market Report:
Analyst Support:Get your query resolved from our expert analysts before and after purchasing the report.
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Table of Contents
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
6 North America Isoprene Rubber (IR) Market by Countries
7 Europe Isoprene Rubber (IR) Market by Countries
8 Asia Pacific Isoprene Rubber (IR) Market by Countries
9 Central & South America Isoprene Rubber (IR) Market by Countries
10 Middle East and Africa Isoprene Rubber (IR) Market by Countries
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis and many more
Be sure to follow us on Linkedin at @ 360 Market Updates for more on growth research and the research market.
Contact Us:
Name: Mr. Ajay More
Email: [email protected]
Organization: 360 Market Updates
Phone: +44 20 3239 8187/ +1 424 253 0807
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Isoprene Market To Reach $3.97 Billion By 2025
San Francisco, 18 Apr 2019: The global isoprene market is expected to reach USD 3.97 billion by 2025, growing at a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Rising demand for isoprene is owing to good resilience, good tack, and great hot tensile and good gum tensile strength propel industry expansion over the forecast period.
Growing automotive sector will fuel isoprene demand for various products including tires, fuel hoses, engine mounting, mud flaps, suspension bushes, floor mats, and exhaust rubber hangers over the forecast period, thereby augmenting industry size in the near future.
The contents of isoprene not only restrict formation of nitrosamines, but also prevents Type I allergies. The physical properties deriving the demand for isoprene are heat resistance, clear and power-free products, electrical resistance, adapting various component geometric as well as thicknesses, and low tensile set values.
Increasing expenditures and greater attention to health care by developing markets, construction of hospitals and clinics, and the establishment of public health insurance will augment medical devices market. In addition, aging population coupled with the rising global income levels in developing countries will fuel the utilization of isobutylene-isoprene rubber and styrene-isoprene styrene.
To request a sample copy or view summary of this report: www.grandviewresearch.com/industry-analysis/isoprene-market
Further key findings from the report suggest:
Polymer grade isoprene is likely to witness significant revenue rise at a CAGR of 7.7% from 2017 to 2025 as a result of their properties including toughness, excellent hot tear strength, abrasion, high resilience, cold resistance, and tensile strength. Moreover, the product is obtained from the C5 diene crude product, which are quick to dispose and reuse on account of an existing infrastructure in place.
Asia Pacific was the dominant market and accounted for 28.7% of the overall volume share in 2016. Robust manufacturing base of automotive industry in China, Japan and India along with increasing passenger vehicles sales are anticipated to augment isoprene market growth in the near future.
Presence of major automobile companies, including Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru and Isuzu will augment the Japanese automotive industry, which in turn will drive the isoprene market demand.
Key participants dominating the industry includes Shell PLC., The Goodyear Tire and Rubber Company, ExxonMobil Corp., LyondellBasell Industries N.V., Zeon Corporation, Chevron Phillips Chemical LLC, Shandong Yuhuang Chemical (Group) Co., Ltd., and Braskem.
Product differentiation along with threat of forward and backward integration by manufacturers to distribute isoprene and to capture market share is anticipated to result in high industry rivalry in the product’s market over the forecast period. In addition, possible entry of new players is further expected to intensify rivalry in the industry.
In February 2014, Shandong Yuhuang Chemical Co., Ltd. signed a co-operation frame agreement with Sinopec Chemical Sales Company, which was led by Sinopec’s general manager, Zhao Chengfeng.
In August 2013, SIBUR entered into a joint venture with China Petroleum and Chemical Corporation, a major petroleum and petrochemical enterprise group, in order to produce synthetic rubbers in Krasnoyarsk.
Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-isoprene-market
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Good Gum Tensile Strength Propel Isoprene Industry Expansion Over The Forecast Period
San Francisco, 16 Apr 2019 “Isoprene Market Analysis By Type (Polymer Grade, Chemical Grade), By Application (Polyisoprene, Styrene-Isoprene Styrene, Isobutylene-Isoprene Rubber), By End-use, And Segment Forecasts, 2018–2025” — The global isoprene market is expected to reach USD 3.97 billion by 2025, growing at a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Rising demand for isoprene is owing to good resilience, good tack, and great hot tensile and good gum tensile strength propel industry expansion over the forecast period.
Growing automotive sector will fuel isoprene demand for various products including tires, fuel hoses, engine mounting, mud flaps, suspension bushes, floor mats, and exhaust rubber hangers over the forecast period, thereby augmenting industry size in the near future.
The contents of isoprene not only restrict formation of nitrosamines, but also prevents Type I allergies. The physical properties deriving the demand for isoprene are heat resistance, clear and power-free products, electrical resistance, adapting various component geometric as well as thicknesses, and low tensile set values.
Increasing expenditures and greater attention to health care by developing markets, construction of hospitals and clinics, and the establishment of public health insurance will augment medical devices market. In addition, aging population coupled with the rising global income levels in developing countries will fuel the utilization of isobutylene-isoprene rubber and styrene-isoprene styrene.
To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/isoprene-market
Further key findings from the report suggest:
Polymer grade isoprene is likely to witness significant revenue rise at a CAGR of 7.7% from 2017 to 2025 as a result of their properties including toughness, excellent hot tear strength, abrasion, high resilience, cold resistance, and tensile strength. Moreover, the product is obtained from the C5 diene crude product, which are quick to dispose and reuse on account of an existing infrastructure in place.
Asia Pacific was the dominant market and accounted for 28.7% of the overall volume share in 2016. Robust manufacturing base of automotive industry in China, Japan and India along with increasing passenger vehicles sales are anticipated to augment isoprene market growth in the near future.
Presence of major automobile companies, including Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru and Isuzu will augment the Japanese automotive industry, which in turn will drive the isoprene market demand.
Key participants dominating the industry includes Shell PLC., The Goodyear Tire and Rubber Company, ExxonMobil Corp., LyondellBasell Industries N.V., Zeon Corporation, Chevron Phillips Chemical LLC, Shandong Yuhuang Chemical (Group) Co., Ltd., and Braskem.
Product differentiation along with threat of forward and backward integration by manufacturers to distribute isoprene and to capture market share is anticipated to result in high industry rivalry in the product’s market over the forecast period. In addition, possible entry of new players is further expected to intensify rivalry in the industry.
In February 2014, Shandong Yuhuang Chemical Co., Ltd. signed a co-operation frame agreement with Sinopec Chemical Sales Company, which was led by Sinopec’s general manager, Zhao Chengfeng.
In August 2013, SIBUR entered into a joint venture with China Petroleum and Chemical Corporation, a major petroleum and petrochemical enterprise group, in order to produce synthetic rubbers in Krasnoyarsk.
Grand View Research has segmented the isoprene market on the basis of product, application, end-use and region:
Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
Polymer grade
Chemical grade
Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
Polyisoprene (IR)
Styrene-isoprene styrene (SIS)
Isobutylene-isoprene rubber (IIR)
Specialty chemicals
End-use Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
Tires
Adhesives
Industrial rubber
Others
Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
North America
US.
Europe
Russia
Germany
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa
Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-isoprene-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Isoprene Market is Set to Record Exponential Growth by 2022
A marked presence of several large-scale producers and big chemical companies make the global isoprene market intensely competitive, finds Transparency Market Research (TMR). These players are based in various developing and developed nations, majorly in Russia, China, Japan, Netherlands, and the U.S. Leading companies enjoying a stronghold in the global market include Ajinomoto Co. Inc., Bridgestone Corporation, GlycosBio, DuPont, Braskem, Petroleum Pte Ltd., Fortrec Chemicals And Petroleum Pte Ltd., and Nizhnekamskneftekhim. Some other players exhibiting a prominent presence in the market include Finetech Industry Ltd., SIBUR, Shandong Yuhuang Chemical Group Co. Ltd., Ningbo Jinhai Chenguang, Haihang Industry Co. Ltd., JSR Corporation, LyondellBasell Industries N.V., ZEON Corporation, Kuraray Co. Ltd., Royal Dutch Shell Plc, and The Goodyear Tire & Rubber Company.
Top players are actively pursuing product differentiation strategy to remain at the forefront. To this end, several prominent ones are also engaging in strategic collaborations. In addition, a number of producers and manufacturers are focusing on backward integration in a move to stay ahead of their competitors, observes TMR. They are also strengthening their distribution channels to consolidate their shares in the coming years. Several big players are striving for adopting advanced production technologies in order to showcase their might in the global landscape. The influx of new entrants is likely to up the level of competition over the years.
The global isoprene market is projected to rise at a healthy clip over the forecast period from 2017 to 2022. A substantial chunk of global demand for isoprene is projected to come from the automotive industry.
Broadly, the key product types of isoprene comprise polymer grades and chemical grades. Of these, the polymer grade segment leads accounting for the major share in 2017 and is anticipated to hold 55.0% share of the global isoprene demand by 2022 end. The segment is projected to touch a valuation of US$1,477.4 million by the end of the assessment period.
Regionally, the North America is expected to collect the leading revenue by being the most lucrative market. The opportunities in the regional market is expected to touch a valuation of US$761.5 million by 2022 end. Meanwhile, Asia Pacific is projected to rise at an attractive pace, garnering a CAGR of 5.1% during 2017–2022. The region accounts for an extensive demand for isoprene coming from the automotive industry, primarily in China and India.
Widespread Applications in Making Tires and Industrial Rubber Boost Market
The global isoprene market is driven primarily by the burgeoning end-use applications in making tires, adhesives, and industrial rubber. The widespread use of isoprene in making synthetic rubber is attributed to a wide variety of performance characteristics, such remarkable flexibility similar to natural rubber, strength without odor, and the ability to confer outstanding durability to the end products. On account of these attractive properties, isoprene finds substantial use in making various automotive parts apart from tires, such as fuel hose, engine mounting, mud flap, suspension bush, exhaust rubber hangers, and floor mats. This is accentuating the market. The rapid strides being experienced by the automotive industry in several emerging economies, notably in Asia Pacific, is a noteworthy trend providing a robust thrust to the growth of the global isoprene market. The swift pace of urbanization in developing regions is likely to bolster the demand for SUVs and sedans among upwardly mobile populations, thereby catalyzing the demand for isoprene in several end-use applications.
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Thriving Automotive Industry in Emerging Economies to Create Vast Lucrative Avenues
Apart from a wide range of rubber-based applications, the global isoprene market is also benefiting copiously from its use in making medical equipment and footwear.
However, several stringent regulations imposed on the rubber industry in favor of the use of natural rubber, which is likely to stifle the demand for isoprene. The fluctuation in the prices of raw materials used for isoprene production, especially crude oil prices, is a crucial factor hindering the growth of the market to an extent. Nevertheless, the market are expected to get a robust push from a burgeoning automotive industry and the growing popularity of low-rolling resistance tires in various parts of the world. Advancements in production technologies bode well for the market over the forecast period.
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Isoprene Market Worth $3.97 Billion By 2025 | Key Industry Players ExxonMobil Corp., LyondellBasell Industries N.V.
San Francisco, 11 October 2018 - The global isoprene market is expected to reach USD 3.97 billion by 2025, growing at a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Rising demand for isoprene is owing to good resilience, good tack, and great hot tensile and good gum tensile strength propel industry expansion over the forecast period.
Growing automotive sector will fuel isoprene demand for various products including tires, fuel hoses, engine mounting, mud flaps, suspension bushes, floor mats, and exhaust rubber hangers over the forecast period, thereby augmenting industry size in the near future.
The contents of isoprene not only restrict formation of nitrosamines, but also prevents Type I allergies. The physical properties deriving the demand for isoprene are heat resistance, clear and power-free products, electrical resistance, adapting various component geometric as well as thicknesses, and low tensile set values.
Increasing expenditures and greater attention to health care by developing markets, construction of hospitals and clinics, and the establishment of public health insurance will augment medical devices market. In addition, aging population coupled with the rising global income levels in developing countries will fuel the utilization of isobutylene-isoprene rubber and styrene-isoprene styrene.
Browse Research Report On Isoprene Market : www.grandviewresearch.com/industry-analysis/isoprene-market
Further key findings from the report suggest:
Polymer grade isoprene is likely to witness significant revenue rise at a CAGR of 7.7% from 2017 to 2025 as a result of their properties including toughness, excellent hot tear strength, abrasion, high resilience, cold resistance, and tensile strength. Moreover, the product is obtained from the C5 diene crude product, which are quick to dispose and reuse on account of an existing infrastructure in place.
Asia Pacific was the dominant market and accounted for 28.7% of the overall volume share in 2016. Robust manufacturing base of automotive industry in China, Japan and India along with increasing passenger vehicles sales are anticipated to augment isoprene market growth in the near future.
Presence of major automobile companies, including Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru and Isuzu will augment the Japanese automotive industry, which in turn will drive the isoprene market demand.
Key participants dominating the industry includes Shell PLC., The Goodyear Tire and Rubber Company, ExxonMobil Corp., LyondellBasell Industries N.V., Zeon Corporation, Chevron Phillips Chemical LLC, Shandong Yuhuang Chemical (Group) Co., Ltd., and Braskem.
Product differentiation along with threat of forward and backward integration by manufacturers to distribute isoprene and to capture market share is anticipated to result in high industry rivalry in the product’s market over the forecast period. In addition, possible entry of new players is further expected to intensify rivalry in the industry.
In February 2014, Shandong Yuhuang Chemical Co., Ltd. signed a co-operation frame agreement with Sinopec Chemical Sales Company, which was led by Sinopec’s general manager, Zhao Chengfeng.
In August 2013, SIBUR entered into a joint venture with China Petroleum and Chemical Corporation, a major petroleum and petrochemical enterprise group, in order to produce synthetic rubbers in Krasnoyarsk.
View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has segmented the isoprene market on the basis of product, application, end-use and region:
Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)
Polymer grade
Chemical grade
Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)
Polyisoprene (IR)
Styrene-isoprene styrene (SIS)
Isobutylene-isoprene rubber (IIR)
Specialty chemicals
End-use Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)
Tires
Adhesives
Industrial rubber
Others
Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)
North America
US
Europe
Russia
Germany
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa
Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-isoprene-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Isoprene market Key Players and Production Information analysis by 2022
A marked presence of several large-scale producers and big chemical companies make the global isoprene market intensely competitive, finds Transparency Market Research (TMR). These players are based in various developing and developed nations, majorly in Russia, China, Japan, Netherlands, and the U.S. Leading companies enjoying a stronghold in the global market include Ajinomoto Co. Inc., Bridgestone Corporation, GlycosBio, DuPont, Braskem, Petroleum Pte Ltd., Fortrec Chemicals And Petroleum Pte Ltd., and Nizhnekamskneftekhim. Some other players exhibiting a prominent presence in the market include Finetech Industry Ltd., SIBUR, Shandong Yuhuang Chemical Group Co. Ltd., Ningbo Jinhai Chenguang, Haihang Industry Co. Ltd., JSR Corporation, LyondellBasell Industries N.V., ZEON Corporation, Kuraray Co. Ltd., Royal Dutch Shell Plc, and The Goodyear Tire & Rubber Company.
Top players are actively pursuing product differentiation strategy to remain at the forefront. To this end, several prominent ones are also engaging in strategic collaborations. In addition, a number of producers and manufacturers are focusing on backward integration in a move to stay ahead of their competitors, observes TMR. They are also strengthening their distribution channels to consolidate their shares in the coming years. Several big players are striving for adopting advanced production technologies in order to showcase their might in the global landscape. The influx of new entrants is likely to up the level of competition over the years.
The global isoprene market is projected to rise at a healthy clip over the forecast period from 2017 to 2022. A substantial chunk of global demand for isoprene is projected to come from the automotive industry.
Broadly, the key product types of isoprene comprise polymer grades and chemical grades. Of these, the polymer grade segment leads accounting for the major share in 2017 and is anticipated to hold 55.0% share of the global isoprene demand by 2022 end. The segment is projected to touch a valuation of US$1,477.4 million by the end of the assessment period.
Regionally, the North America is expected to collect the leading revenue by being the most lucrative market. The opportunities in the regional market is expected to touch a valuation of US$761.5 million by 2022 end. Meanwhile, Asia Pacific is projected to rise at an attractive pace, garnering a CAGR of 5.1% during 2017–2022. The region accounts for an extensive demand for isoprene coming from the automotive industry, primarily in China and India.
Widespread Applications in Making Tires and Industrial Rubber Boost Market
The global isoprene market is driven primarily by the burgeoning end-use applications in making tires, adhesives, and industrial rubber. The widespread use of isoprene in making synthetic rubber is attributed to a wide variety of performance characteristics, such remarkable flexibility similar to natural rubber, strength without odor, and the ability to confer outstanding durability to the end products. On account of these attractive properties, isoprene finds substantial use in making various automotive parts apart from tires, such as fuel hose, engine mounting, mud flap, suspension bush, exhaust rubber hangers, and floor mats. This is accentuating the market. The rapid strides being experienced by the automotive industry in several emerging economies, notably in Asia Pacific, is a noteworthy trend providing a robust thrust to the growth of the global isoprene market. The swift pace of urbanization in developing regions is likely to bolster the demand for SUVs and sedans among upwardly mobile populations, thereby catalyzing the demand for isoprene in several end-use applications.
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Thriving Automotive Industry in Emerging Economies to Create Vast Lucrative Avenues
Apart from a wide range of rubber-based applications, the global isoprene market is also benefiting copiously from its use in making medical equipment and footwear.
However, several stringent regulations imposed on the rubber industry in favor of the use of natural rubber, which is likely to stifle the demand for isoprene. The fluctuation in the prices of raw materials used for isoprene production, especially crude oil prices, is a crucial factor hindering the growth of the market to an extent. Nevertheless, the market are expected to get a robust push from a burgeoning automotive industry and the growing popularity of low-rolling resistance tires in various parts of the world. Advancements in production technologies bode well for the market over the forecast period.
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Isoprene Market Sales Strategy, Revenue Generation |Top 10 Key Players & Forecast to 2023
Utilization of high-quality isoprene is overwhelmed by interest for and creation of polyisoprene elastomers, which represented more than 50% of aggregate isoprene utilization in 2016. As per our analysis, some of the prominent market factors and trends identified in the Global Isoprene Market include rapid construction activities, rising demand for tires from the automotive industry, and increasing expenditure on personal care products. Moreover, demand for Isoprene is predicted to witness a significant growth over the assessment period due to surging automotive industry.
North American Isoprene Market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In North American region, the U.S. & Canada are predicted to be the major contributors to the regional growth of Isoprene Market and are expected to see a significant demand for isoprene during the forecast period 2017-2023.
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Top 10 Key Players:
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.).
Market Segmentation:
The Global Isoprene Market is categorized on the basis of grade, application, and region. On the basis of the grade, the market is bifurcated into polymer grade, and chemical grade. On the basis of the application, the isoprene market is categorized into styrene isoprene styrene, block copolymer, isobutyl isoprene, and polyisoprene. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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In the Middle East, the growing demand from construction and automobile industries are likely to boost the Isoprene Market over the forecast period. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in Isoprene.
Regional Analysis:
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 on owing to expanding medical and construction industries. The polyisoprene market is predicted to increase in numerous countries of the Asia Pacific such as China, India, Japan and Indonesia due to increasing urbanization and population.
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Isoprene Rubber (IR) Market Growth Analysis, Share, Demand by Regions, Types and Analysis of Key Players- Research Forecasts to 2022
A new and latest research report proposed by QY Research Groups renders a market summary of the Isoprene Rubber (IR) Market industry. This widespread analysis comprises of market potentials and challenges, scope of product, sales volume, market revenue, estimates and rate of growth. The report also digs into all the major market players across the globe.
Chemical industry segment has a crucial role in accomplishing daily requirements of the common man. It is one of the most former industries which attributes substantially to not just economic but industrial growth as well. Nearly, each and every industry segment such as oil and gas, retail, manufacturing, agriculture and many others, depends heavily on the chemical industry. In the recent years, the global Isoprene Rubber (IR) Market industry has experienced an astonishing change structure-wise such as enhancements in technology, increasing raw material costs, manufacturing base been channeled to Asian countries, novel promising growth markets, etc.
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The report highlights crucial dynamics and in-depth analysis of the market segment with concentrating on factual data, present industry activities, growth opportunities, new product inventions, and market forecast for the anticipated frame of time along with leading market players, market study based on several regions, and extensive product. The Isoprene Rubber (IR) Market report assists in determining the projection in this meticulous industry by rendering precise potential demand prognoses. These prognoses will aid the market players to take vital decisions and take hold of the untapped regions and new entrants.
This research report incorporates the current market size of this industry. It also distinguishes and assesses complex value chains across the globe such as primary factors, market growth restrains, and propelling strategies. This latest market report examines the Isoprene Rubber (IR) Market by several segments such as regions, applications, companies, and for the proposed time frame. The report gives a complete insight of this industry consisting the qualitative and quantitative analysis provided for this market industry along with prime development trends, competitive analysis, and vital factors that are predominant in the Isoprene Rubber (IR) Market.
Market Scope:
Various aspects are considered in this all-inclusive market research report and it inspects the global Isoprene Rubber (IR) Market industry from an all axis perspective. It gives in-depth information on the future viewpoint, key developments, market dynamics and growth, latest trends in the market, and potential investment segment.
The report furnishes:
An in-depth widespread market analysis of the global Isoprene Rubber (IR) Market
Analysis of global market trends, forecasts for 2022, and predictions of CAGRs through proposed time frame.
Thorough analysis of applications
Mentioning of market players with their complete profile description
Researches the vital market trends and novel developments technologically in the Isoprene Rubber (IR) Market
The research report comprises of market’s comprehensive analysis geographically on several important regions such as:
North America
China
Europe
Southeast Asia
Japan
India
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering:
PJSC Nizhnekamskneftekhim
KauchukSterlitamak
Sibur
Goodyear Chemical
Kraton
Zeon
Kuraray
JSR
Karbochem
Yikesi
Luhua
Tpi New Material
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The leading industry players across the globe are explored in detail in this report. It demonstrates product overview, company summary, and manufacturing cost, capacity, and market shares for most of the participants. The report portrays the complete overview of Isoprene Rubber (IR) Market across the world including its cost/profit, demand/supply, import/export, capacity, production value, etc. The research report also prognosticates trends in the development of this industry’s market. It cloaks current market analysis dynamically, downstream requirements as well as the upstream raw materials. Lastly, the report also segregates vital market figures which represent the market condition of Isoprene Rubber (IR) Market manufacturers. The report can function as an assistive reference point for helping individuals as well as businesses from this segment.
Some points from TOC:-
Global Isoprene Rubber (IR) Sales Market Report 2017
1 Isoprene Rubber (IR) Market Overview 1.1 Product Overview and Scope of Isoprene Rubber (IR) 1.2 Classification of Isoprene Rubber (IR) by Product Category 1.2.1 Global Isoprene Rubber (IR) Market Size (Sales) Comparison by Type (2012-2022) 1.2.2 Global Isoprene Rubber (IR) Market Size (Sales) Market Share by Type (Product Category) in 2016 1.2.3 Medical Grade 1.2.4 Industrial Grade 1.3 Global Isoprene Rubber (IR) Market by Application/End Users 1.3.1 Global Isoprene Rubber (IR) Sales (Volume) and Market Share Comparison by Application (2012-2022) 1.3.2 Tires and Tire Products 1.3.3 Mechanical Rubber Products 1.3.4 Others 1.4 Global Isoprene Rubber (IR) Market by Region 1.4.1 Global Isoprene Rubber (IR) Market Size (Value) Comparison by Region (2012-2022) 1.4.2 United States Isoprene Rubber (IR) Status and Prospect (2012-2022) 1.4.3 China Isoprene Rubber (IR) Status and Prospect (2012-2022) 1.4.4 Europe Isoprene Rubber (IR) Status and Prospect (2012-2022) 1.4.5 Japan Isoprene Rubber (IR) Status and Prospect (2012-2022) 1.4.6 Southeast Asia Isoprene Rubber (IR) Status and Prospect (2012-2022) 1.4.7 India Isoprene Rubber (IR) Status and Prospect (2012-2022) 1.5 Global Market Size (Value and Volume) of Isoprene Rubber (IR) (2012-2022) 1.5.1 Global Isoprene Rubber (IR) Sales and Growth Rate (2012-2022) 1.5.2 Global Isoprene Rubber (IR) Revenue and Growth Rate (2012-2022) 2 Global Isoprene Rubber (IR) Competition by Players/Suppliers, Type and Application 2.1 Global Isoprene Rubber (IR) Market Competition by Players/Suppliers 2.1.1 Global Isoprene Rubber (IR) Sales and Market Share of Key Players/Suppliers (2012-2017) 2.1.2 Global Isoprene Rubber (IR) Revenue and Share by Players/Suppliers (2012-2017) 2.2 Global Isoprene Rubber (IR) (Volume and Value) by Type 2.2.1 Global Isoprene Rubber (IR) Sales and Market Share by Type (2012-2017) 2.2.2 Global Isoprene Rubber (IR) Revenue and Market Share by Type (2012-2017) 2.3 Global Isoprene Rubber (IR) (Volume and Value) by Region 2.3.1 Global Isoprene Rubber (IR) Sales and Market Share by Region (2012-2017) 2.3.2 Global Isoprene Rubber (IR) Revenue and Market Share by Region (2012-2017) 2.4 Global Isoprene Rubber (IR) (Volume) by Application
……….continued
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Increased Urbanization Along With High Demand For Suvs And Sedans Is Expected To Propel The Market Growth
The global Isoprene Market is expected to reach USD 3.97 billion by 2025, growing at a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Rising demand for isoprene is owing to good resilience, good tack, and great hot tensile and good gum tensile strength propel industry expansion over the forecast period.
Growing automotive sector will fuel isoprene demand for various products including tires, fuel hoses, engine mounting, mud flaps, suspension bushes, floor mats, and exhaust rubber hangers over the forecast period, thereby augmenting industry size in the near future.
The contents of isoprene not only restrict formation of nitrosamines, but also prevents Type I allergies. The physical properties deriving the demand for isoprene are heat resistance, clear and power-free products, electrical resistance, adapting various component geometric as well as thicknesses, and low tensile set values.
Increasing expenditures and greater attention to health care by developing markets, construction of hospitals and clinics, and the establishment of public health insurance will augment medical devices market. In addition, aging population coupled with the rising global income levels in developing countries will fuel the utilization of isobutylene-isoprene rubber and styrene-isoprene styrene.
Access Full Research Report on Isoprene Market: www.grandviewresearch.com/industry-analysis/isoprene-market
Further key findings from the report suggest:
Polymer grade isoprene is likely to witness significant revenue rise at a CAGR of 7.7% from 2017 to 2025 as a result of their properties including toughness, excellent hot tear strength, abrasion, high resilience, cold resistance, and tensile strength. Moreover, the product is obtained from the C5 diene crude product, which are quick to dispose and reuse on account of an existing infrastructure in place.
Asia Pacific was the dominant market and accounted for 28.7% of the overall volume share in 2016. Robust manufacturing base of automotive industry in China, Japan and India along with increasing passenger vehicles sales are anticipated to augment isoprene market growth in the near future.
Presence of major automobile companies, including Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru and Isuzu will augment the Japanese automotive industry, which in turn will drive the isoprene market demand.
Key participants dominating the industry includes Shell PLC., The Goodyear Tire and Rubber Company, ExxonMobil Corp., LyondellBasell Industries N.V., Zeon Corporation, Chevron Phillips Chemical LLC, Shandong Yuhuang Chemical (Group) Co., Ltd., and Braskem.
Product differentiation along with threat of forward and backward integration by manufacturers to distribute isoprene and to capture market share is anticipated to result in high industry rivalry in the product’s market over the forecast period. In addition, possible entry of new players is further expected to intensify rivalry in the industry.
In February 2014, Shandong Yuhuang Chemical Co., Ltd. signed a co-operation frame agreement with Sinopec Chemical Sales Company, which was led by Sinopec’s general manager, Zhao Chengfeng.
In August 2013, SIBUR entered into a joint venture with China Petroleum and Chemical Corporation, a major petroleum and petrochemical enterprise group, in order to produce synthetic rubbers in Krasnoyarsk.
Read Our Blog: www.grandviewresearch.com/blogs/bulk-chemicals
Grand View Research has segmented the isoprene market on the basis of product, application, end-use and region:
Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
Polymer grade
Chemical grade
Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
Polyisoprene (IR)
Styrene-isoprene styrene (SIS)
Isobutylene-isoprene rubber (IIR)
Specialty chemicals
End-use Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
Tires
Adhesives
Industrial rubber
Others
Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014–2025)
North America
US.
Europe
Russia
Germany
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa
Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-isoprene-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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2017 Global Isoprene Rubber (IR) Market to Witness a Pronounce Growth During 2022 Forecast in Top Countries
Description:
The Global Isoprene Rubber (IR) market size will be XX million (USD) in 2022, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022.
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This report studies Isoprene Rubber (IR) in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Manufacturers in each country, covering PJSC Nizhnekamskneftekhim KauchukSterlitamak Sibur Goodyear Chemical Kraton Zeon JSR Kuraray Karbochem Yikesi Luhua Tpi New Material
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Market Segment by Countries, this report splits Global into several key Countries, with sales, revenue, market share of top 5 players in these Countries, from 2012 to 2017 (forecast), like United States Canada Mexico Germany France UK Italy Russia China Japan India Korea Southeast Asia Australia Brazil
Middle East Africa Split by Product Types, with sales, revenue, price, market share of each type, can be divided into Industrial Grade Medical Grade Split by applications, this report focuses on sales, market share and growth rate of Isoprene Rubber (IR) in each application, can be divided into Tires and Tire Products Mechanical Rubber Products Others
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Some Points From Table of Contents:
2017-2022 Global Top Countries Isoprene Rubber (IR) Market Report 1 Isoprene Rubber (IR) Market Overview 1.1 Product Overview and Scope of Isoprene Rubber (IR) 1.2 Isoprene Rubber (IR) Segment by Types 1.2.1 Global Sales Market Share of Isoprene Rubber (IR) by Types in 2016 1.2.2 Industrial Grade 1.2.3 Medical Grade 1.3 Isoprene Rubber (IR) Segment by Applications 1.3.1 Isoprene Rubber (IR) Consumption Market Share by Applications in 2016 1.3.2 Tires and Tire Products 1.3.3 Mechanical Rubber Products 1.3.4 Others 1.4 Isoprene Rubber (IR) Market by Countries 1.4.1 United States Status and Prospect (2012-2022) 1.4.2 Canada Status and Prospect (2012-2022) 1.4.3 Germany Status and Prospect (2012-2022) 1.4.4 France Status and Prospect (2012-2022) 1.4.5 UK Status and Prospect (2012-2022) 1.4.6 Italy Status and Prospect (2012-2022) 1.4.7 Russia Status and Prospect (2012-2022) 1.4.8 China Status and Prospect (2012-2022) 1.4.9 Japan Status and Prospect (2012-2022) 1.4.10 India Status and Prospect (2012-2022)
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Isoprene Monomer Industry Growth And Forecast Report Up To 2021: Radiant Insights, Inc
This report studies Isoprene Monomer in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering • Nizhnekamskneftekhim • Sibur • Synthez-Kauchuk • Shell • JSR • Goodyear Chemical • Kuraray • ZEON CORPORATION • SINOPEC • Jinhai Chenguang • Zibo Luhua Hongjin New Material • Shandong Yuhuang Chemical • Puyang Xinyu petrochemical Industry • Yikesi • Yuangang Petrochemical Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Isoprene Monomer in these regions, from 2011 to 2021 (forecast), like • North America • Europe • China • Japan • Southeast Asia • India Browse Full Research Report With TOC: http://www.radiantinsights.com/research/global-isoprene-monomer-industry-2017 Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into, • Polymerization grade • Chemical grade Split by application, this report focuses on consumption, market share and growth rate of Isoprene Monomer in each application, can be divided into, • Isoprene Rubber (IR) Industry • Styrene-Isoprene-Styrene (SIS) Industry • Isobutylene Isoprene Rubber (IIR) Industry • Fine Chemicals Industry See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant Insights,Inc Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: [email protected] Web: http://www.radiantinsights.com
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Isoprene market : Industry Analysis and Detailed Profiles of top Industry Players to 2022
A marked presence of several large-scale producers and big chemical companies make the global isoprene market intensely competitive, finds Transparency Market Research (TMR). These players are based in various developing and developed nations, majorly in Russia, China, Japan, Netherlands, and the U.S. Leading companies enjoying a stronghold in the global market include Ajinomoto Co. Inc., Bridgestone Corporation, GlycosBio, DuPont, Braskem, Petroleum Pte Ltd., Fortrec Chemicals And Petroleum Pte Ltd., and Nizhnekamskneftekhim. Some other players exhibiting a prominent presence in the market include Finetech Industry Ltd., SIBUR, Shandong Yuhuang Chemical Group Co. Ltd., Ningbo Jinhai Chenguang, Haihang Industry Co. Ltd., JSR Corporation, LyondellBasell Industries N.V., ZEON Corporation, Kuraray Co. Ltd., Royal Dutch Shell Plc, and The Goodyear Tire & Rubber Company.
Top players are actively pursuing product differentiation strategy to remain at the forefront. To this end, several prominent ones are also engaging in strategic collaborations. In addition, a number of producers and manufacturers are focusing on backward integration in a move to stay ahead of their competitors, observes TMR. They are also strengthening their distriThriving Automotive Industry in Emerging Economies to Create Vast Lucrative Avenuesbution channels to consolidate their shares in the coming years. Several big players are striving for adopting advanced production technologies in order to showcase their might in the global landscape. The influx of new entrants is likely to up the level of competition over the years.
The global isoprene market is projected to rise at a healthy clip over the forecast period from 2017 to 2022. A substantial chunk of global demand for isoprene is projected to come from the automotive industry.
Broadly, the key product types of isoprene comprise polymer grades and chemical grades. Of these, the polymer grade segment leads accounting for the major share in 2017 and is anticipated to hold 55.0% share of the global isoprene demand by 2022 end. The segment is projected to touch a valuation of US$1,477.4 million by the end of the assessment period.
Regionally, the North America is expected to collect the leading revenue by being the most lucrative market. The opportunities in the regional market is expected to touch a valuation of US$761.5 million by 2022 end. Meanwhile, Asia Pacific is projected to rise at an attractive pace, garnering a CAGR of 5.1% during 2017–2022. The region accounts for an extensive demand for isoprene coming from the automotive industry, primarily in China and India.
Widespread Applications in Making Tires and Industrial Rubber Boost Market
The global isoprene market is driven primarily by the burgeoning end-use applications in making tires, adhesives, and industrial rubber. The widespread use of isoprene in making synthetic rubber is attributed to a wide variety of performance characteristics, such remarkable flexibility similar to natural rubber, strength without odor, and the ability to confer outstanding durability to the end products. On account of these attractive properties, isoprene finds substantial use in making various automotive parts apart from tires, such as fuel hose, engine mounting, mud flap, suspension bush, exhaust rubber hangers, and floor mats. This is accentuating the market. The rapid strides being experienced by the automotive industry in several emerging economies, notably in Asia Pacific, is a noteworthy trend providing a robust thrust to the growth of the global isoprene market. The swift pace of urbanization in developing regions is likely to bolster the demand for SUVs and sedans among upwardly mobile populations, thereby catalyzing the demand for isoprene in several end-use applications.
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Thriving Automotive Industry in Emerging Economies to Create Vast Lucrative Avenues
Apart from a wide range of rubber-based applications, the global isoprene market is also benefiting copiously from its use in making medical equipment and footwear.
However, several stringent regulations imposed on the rubber industry in favor of the use of natural rubber, which is likely to stifle the demand for isoprene. The fluctuation in the prices of raw materials used for isoprene production, especially crude oil prices, is a crucial factor hindering the growth of the market to an extent. Nevertheless, the market are expected to get a robust push from a burgeoning automotive industry and the growing popularity of low-rolling resistance tires in various parts of the world. Advancements in production technologies bode well for the market over the forecast period.
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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