Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Polyisoprene is a polymer of isoprene found in the latex of the Hevea Brasiliensis trees and is known as natural rubber. Industrially, it is mainly synthesized from isoprene monomer. It is used in manufacturing tires, latex products, footwear, non-automotive engineering products, belting and hoses etc. IMARC Group’s latest report “Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” provides an in-depth analysis of the global polyisoprene market. According to the report, the global demand of polyisoprene has grown at a CAGR of 4.3% during 2010-2017, driven by its capability to manufacture tires.
The report has analysed the global market for polyisoprene on the basis of end-uses. Polyisoprene has a number of functional qualities which find uses in various industries. Traditionally, natural polyisoprene has been used in tire manufacturing. These days, however, synthetic rubber is substituting natural rubber. Tire and related products segment represents the largest and fastest growing consumer of polyisoprene. Other applications of polyisoprene cover latex products, footwear, non-automotive engineering, belting and hoses.
The report has further analysed market share of key regions. Currently, Russia represents the largest market for synthetic polyisoprene accounting for more than a third of the total global consumption. In case of natural polyisoprene, Thailand represents the largest market. Assessing the global imports and exports of synthetic polyisoprene, the report has found that Poland is the largest global importer of synthetic polyisoprene while Malaysia is the largest importer of natural rubber. Apart from being the largest consumer, Russia also represents the largest exporter of synthetic polyisoprene while Thailand is the largest exporter of natural rubber.
The report has also analysed the competitive landscape of the global polyisoprene market. As the polyisoprene manufacturing process is complex and capital intensive, it is dominated by a handful of companies. Nizhnekamskneftekhim is currently the world’s largest synthetic polyisoprene manufacturer accounting for nearly a third of the total global polyisoprene production. Sri Trang group based in Thailand is the leader in natural rubber production and processing.
This report provides a comprehensive insight into the industry including value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of polyisoprene, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the polyisoprene market in any manner.
The essential aspects of the global polyisoprene market evaluated in the report include:
Market trends Major regions Key application areas Key manufacturers Price trends Raw material requirements Chemical reactions involved in the manufacturing process Major importers and exporters Value chain analysis Market trends for major feedstocks Price trends for major feedstocks Key regions for major feedstocks Key application areas for major feedstocks Key players for major feedstocks