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Isoprene Monomer Market: Competitive Dynamics & Global Outlook 2023

Isoprene Monomer Market: Competitive Dynamics & Global Outlook

New report published by Market Research Report Store (MRRS) which offers insights on the global Isoprene Monomer market.

Isoprene Monomer or 2-methyl-1, 3-butadiene, is a common organic compound with the formula CH2=C(CH3)CH=CH2. In its pure form, it is a colorless volatile liquid.

The Isoprene Monomer industry concentration is high; there are no more than 20 manufacturers that take the majority share in the whole industry, and mainly distributed in Europe, US and Japan. In the world wide, giant manufactures mainly distribute in Russia and United States such as Nizhnekamskneftekhim, Sibur, Synthez-Kauchuk and Goodyear Chemical.

Click to view the full report TOC, figure and tables:
https://www.marketresearchreportstore.com/reports/1120/global-isoprene-monomer-market-growth

Global Isoprene Monomer Market: Forecast by Type / Application / Region

Most company have one or two plants, usually in domestic area. Also, there are international companies set up factories in other countries too, such as Shell has a plant in United States. Many companies developed their own production line to produce market products such as synthetic rubber, rather than sale Isoprene Monomer to other companies.

All manufacturers in the world are committed to the improvement of product. Many companies developed their own technology to produce Isoprene Monomer. Russia companies like Togliattikauchuk applies Dehydrogenation method, due to the low production of natural rubber. C5 fraction extraction method is usually applied by American and Chinese companies, which is also related to the petroleum refinery situation in these areas. For the past 5 years, some Chinese manufacturers have deeply researched about the technology of producing Isoprene Monomer, to meet the increasing demand in rubber industry in domestic area since 2010.

The production of Isoprene Monomer is increasing in the past years, while the price of Isoprene Monomer is in fluctuation. The price of Isoprene monomer is forecasted to increase at rate of 1%~3%, due to the increasing of crude oil price and tightening of natural rubber supply in the coming years. As the application of Isoprene Monomer is increasing in both synthetic rubber industry and fine chemical industry, the demand of Isoprene Monomer would increase continuously in the future, and the increase would be more modest.

Over the next five years, LPI(LP Information) projects that Isoprene Monomer will register a 6.0% CAGR in terms of revenue, reach US$ 3120 million by 2023, from US$ 2330 million in 2017.

Global Isoprene Monomer Market: Key Players
Nizhnekamskneftekhim
Sibur
Synthez-Kauchuk
Shell
JSR
Goodyear Chemical
Kuraray
ZEON CORPORATION
SINOPEC
Jinhai Chenguang
Zibo Luhua Hongjin New Material
Shandong Yuhuang Chemical
Kaixin
Yikesi
Yuangang Petrochemical

Ask for Discount on Research Report and Request Sample Copy of Report@
https://www.marketresearchreportstore.com/reports/1120/global-isoprene-monomer-market-growth

Related Information:
United States Isoprene Monomer Market Research Report 2018
Europe Isoprene Monomer Market Research Report 2018
North America Isoprene Monomer Market Research Report 2018
Asia-Pacific Isoprene Monomer Market Research Report 2018
China Isoprene Monomer Market Research Report 2018
EMEA Isoprene Monomer Market Research Report 2018
Global Isoprene Monomer Market Research Report 2018

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