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Isoprene Market to depict appreciable growth prospects over 2020-2025

02-07-2020 12:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Isoprene Market

Isoprene Market

North America is one of the major consumers of isoprene market due to prevalence of multiple automobile manufactures in the region. The region shall witness modest growth in the product demand due to steadily rising automotive sector. Furthermore, product shall witness tremendous growth in Asia Pacific owing to growing economies and end-user industries in India and China.

Europe also attained a substantial chunk of the total industry share in 2018. This is attributed to the presence of strong automobile and adhesives & sealants industry. Health care industry growth in Latin America shall drive the product demand in the coming years. Middle East & Africa shall have steady growth rate during the forecast period.

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Isoprene Market size is expected to see noticeable growth owing to rising demand of synthetic and natural rubber from growing automobile and footwear industry in coming years. Isoprene or 2-methyl-1,3-butadiene, is a volatile colorless liquid, naturally produced and emitted by several animals and trees. The product can be obtained industrially as a byproduct in the production of ethylene.

Most of the product is used for manufacturing of synthetic rubber polyisoprene, which is used in several end-user industries. The product is also consumed in production of styrene-isoprene-styrene block polymers and butyl rubber. Rising demand of tires from automotive industry along with growing applications of polyisoprene in medical industry will drive the isoprene market size over the forecast timespan.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Royal Dutch Shell PLC.
o Kraton Corporation
o Kuraray Co.
o JSR Corporation
o Precision Dippings Manufacturing Ltd.
o Amyris Inc.
o Zeon Corporation
o Exxon Mobil Corporation

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Isoprene Market size is expected to see noticeable growth owing to rising demand of synthetic and natural rubber from growing automobile and footwear industry in coming years. Isoprene or 2-methyl-1,3-butadiene, is a volatile colorless liquid, naturally produced and emitted by several animals and trees. The product can be obtained industrially as a byproduct in the production of ethylene.

Most of the product is used for manufacturing of synthetic rubber polyisoprene, which is used in several end-user industries. The product is also consumed in production of styrene-isoprene-styrene block polymers and butyl rubber. Rising demand of tires from automotive industry along with growing applications of polyisoprene in medical industry will drive the isoprene market size over the forecast timespan.

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Key product manufacturers in the isoprene market are Royal Dutch Shell PLC., Kraton Corporation, Kuraray Co., JSR Corporation, Precision Dippings Manufacturing Ltd., Amyris Inc., Zeon Corporation and Exxon Mobil Corporation. Acquisitions & mergers and expansion of capacity are some of the strategies manufactures incorporate to increase the market share and growth rate. For instance, Kraton Corporation acquired Arizona Chemical Holdings Corporation in 2016 and Kraton opened 30 kiloton hydrogenated styrenic block copolymer (HSBC) plant in Mailiao, Taiwan in 2017.

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Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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