Isoprene Rubber (IR) Latex Market Trends By 2020 | Top Key Players - Kraton Corporation, Puyang Linshi Chemical & New Material Co., Ltd

A research study conducted by Global Market Insights, Inc., suggests that isoprene rubber latex market will exceed $340 million by 2025.

Given the spiraling demand in medical, industrial, and consumer goods sectors, isoprene rubber latex (IRL) market is likely to witness remarkable growth in the ensuing years. IRL is extensively used in the production of adhesives, medical gloves, medical balloons & catheters, and condoms in medical industry. Notable purity and clarity of product have generated lucrative opportunities for isoprene rubber latex industry over the coming years.

The profitable end-user segments, including industrial, consumer goods, and medical has significantly influenced IRL industry growth. Consumer goods segment is expected to witness substantial growth over the forecast period. As per estimates, IRL market share from consumer goods sector is likely to amass $50 million in revenue by 2025.

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In 2017, medical end-user segment was valued at over $150 million in revenue. Isoprene rubber latex is used in production of medical gloves, adhesives, condoms, and medical balloons & catheters. Medical glove segment is expected to escalate significantly over the forecast years. Extensive usage of IRL in medical segment can be accredited to its high purity and clarity.

Also, isoprene rubber latex has found widespread application in manufacturing of medical supplies, such as tube connectors, catheters, and balloons. Continued expansion of the healthcare industry is likely to reflect positively on the industry growth. For the record, global healthcare industry stood at $ 1.5 trillion in 2017 and is expected to depict similar growth patterns over the coming years.

Key Point Of TOC:

Chapter 7. Company Profiles

7.1. Kraton Corporation
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. Strategic outlook
7.1.5. SWOT analysis

7.2. Kent Elastomer Products, Inc.
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. Strategic outlook
7.2.5. SWOT analysis

7.3. Puyang Linshi Chemical & New Material Co., Ltd.
7.3.1. Business overview
Continue...

Rising demand for condoms all across the globe is a key growth factor, which is likely to push IRL market size several notches up. Isoprene rubber latex is extensively used in the production of condoms and several other thin-walled elastic items for healthcare and consumer product industries. Particularly, emerging economies, including China, Brazil, India, etc. have been exhibiting high adoption of condoms. The heightened demand for condoms is stemmed from intensifying awareness regarding sexually transmitted diseases (STDs). In addition, governmental and non-governmental organizations in developing countries, endeavoring to control population growth and STDs have resulted in increased adoption of condoms. As per estimates, isoprene rubber latex market size from condom application is likely to record a CAGR of 6% over 2018-2025.

Speaking in terms of regional contribution, Asia Pacific accounted for the highest share in the global isoprene rubber latex industry size in 2017. China and Malaysia are the key country-specific markets within Asia Pacific and are generating significant isoprene rubber latex market demand owing to the increasing production of condoms and medical gloves in these countries.

Also, North America will hold a major share in IRL industry size. The region has been witnessing significant adoption of condom along with appreciable growth of medical & healthcare sectors. North America IRL market size is expected to grow at a CAGR of 6% over the forecast period.

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Rising adoption condoms and exceptional growth of end-user segments have prompted isoprene rubber latex market players to launch several novel products. They are endeavoring to sustain in the competition by adopting various strategies. Some of the major industry participants are JSR Corporation, Kraton, Kuraray, Kent Elastomers, and Puyang Linshi.

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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