Isopropene Monomer Market: Substitution of Natural Rubber with Synthetic Rubber Likely to Encourage Growth

Various applications of isoprene monomers (2-methyl-1, 3-butadiene) such as linings in tubeless tires, tank, conveyor belts, and pharmaceutical adhesives have substantially contributed towards the growth of isopropene monomer market. In its latest report titled, ‘Global Isoprene Monomer Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023’, Market Research Hub (MRH) examines the impact of recent developments on the growth of isopropene monomer market.

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Dehydrogenation and C5 Fraction: Potent Technologies in Isopropene Monomer Production 

To resonate with industry needs, leading manufacturers are laying primary focus to combat natural rubber shortage. Companies in isopropene monomer market are keen on to produce natural rubber using technological innovations such as dehydrogenation method and c5 fraction technologies to produce superior isopropene monomers that yield rubber synthesis. These technological solutions benefit manufacturers to aptly address industry needs and sustain stiff competition in isopropene monomer market.

A recent announcement by Reliance Industries has confirmed its partnership with SIBUR, one of the leading players in isopropene monomer market. This partnership will facilitate production of a rubber plant in India. With this venture, SIBUR is expected to realize its business objectives in Asian market of isopropene monomer.   

Sinopec, one leading player in isoprene monomer market has confirmed about expanding infrastructural facility of its subsidiary, Baling Petrochemical to aid in increased production of SEBS rubber. This new venture will aim at technology uplift that will cater large scale production of various product offerings pertaining to isoprene monomer.

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Vital research findings entailed in the report brief readers about various segments prevalent in the market. This section of the report outlines two key segments identified in isoprene monomer market which include, type and applications. Based on type, the isoprene monomer market is segmented as polymerization grade and chemical grade. Based on application the isoprene monomer market is split as IR, SIS, IIR, and fine chemicals. Veritable insights about these segments enable readers to identify the maximum revenue generating segment in isopropene monomer market. Also the report aids readers to understand the impact of these segments on the growth of isopropene monomer market.

Besides segmentation, the report also highlights the regional presence of isopropene monomer market. Based on regions, the isopropene monomer market is sectioned as Europe, North America, South America, Asia-Pacific, and Middle East and Africa. Detailed account of regional segmentation briefs readers about the various strategies applied by leading players in various regions of isopropene monomer market, and also aids readers to comprehend the impact of these strategies on customer response, besides analyzing the influence of these strategies on overall growth of isopropene monomer market. 

Competitive Landscape of Isopropene Monomer Market 

Detailed information encapsulated in the report enable readers to gauge the impact of winning business plans in influencing favorable customer response. New and existing market players can carry out detailed analysis of these marketing plans to decipher key findings. Market players in isopropene monomer market can effectively apply these key findings to implement effective business objectives that fetch ample profit and secure their position in the competition. Leading players identified in isopropene monomer market are Nizhnekamskneftekhim, SIBUR, Synthez-Kauchuk, Shell, SINOPEC, and Goodyear Chemical amongst others.

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