Press release
Polyisoprene Latex Market is projected to expand at a CAGR of 8% by 2030-end | Key Players- Ansell Limited, JSR Corporation and more
Polyisoprene Latex Market
Stakeholders are involved in continuous research and development to provide varied products in the market for safety purposes. As such, the global polyisoprene latex market is projected to witness decent growth, at a CAGR of 8% over the forecast period of 2020 to 2030.
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Synthetic rubber such as polyisoprene latex has similar properties to natural rubber, along with additional protection and physical properties. Polyisoprene latex is extensively used for manufacturing products such as gloves, condoms, adhesives, and various PPE.
Increasing demand from the medical sector is expected to drive the production of polyisoprene latex. As the preference of using PPE is increasing for the protection of medical workers and patients, manufactures are increasing investments toward product development in the polyisoprene latex market. Also, growing awareness regarding unplanned pregnancies and STDs is expected to propel the demand for polyisoprene latex from the wearable contraceptive market.
Key Companies-
• Ansell Limited
• JSR Corporation
• Kraton Corporation
• Kent Elastomers
• Linchi Chem
• Dipped Products Plc
• Top Glove Corporation Bhd
• Johnson Wilshire Inc.
• Protective Industrial Products, Inc.
• Smart Glove Corporation Sdn. Bhd.
• Southern Glove, Inc.
• 3M Company
• Hartalega Holdings Berhad
• SEMPERIT AG HOLDING
• Riverstone Holdings Limited
• Supermax Corp. Bhd
• Honeywell International, Inc.
• Globus (Shetland) Ltd.
• Bangkok Synthetics Co., Ltd. (BST)
• Goodyear Tire & Rubber Company
• Sibur
• China Petroleum & Chemical Corporation (Sinopec)
• Uvex Winter Holding GmbH & Co. KG
• Medline
• ZEON
• Kossan Rubber Industries Bhd and more
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Key Takeaways from Polyisoprene Latex Market Study
• The global polyisoprene latex market is expected to grow at a significant rate and remain highly consolidated, owing to the prominence of the top four market leaders.
• Some prominent players involved in the global polyisoprene latex market are focusing on mergers & acquisitions and joint ventures to further strengthen their market presence in regional and international markets.
• Tier-1 manufacturers involved in the polyisoprene latex market are Daelim Industrial Co, Ltd., JSR Corp., Linshi Chemicals (Puyang) Advanced material Co. Ltd., and Bangkok Synthetics Co., Ltd, who hold a significant share of the overall market.
• East Asia and Europe, together, are expected to hold 50% of the global polyisoprene latex market share.
• Growing use of technology & automation in the medical sector is anticipated to be a key challenge faced by manufacturers in the polyisoprene latex market, globally
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Key Segments of Polyisoprene Latex Market
Application
• Medical Gloves
• Condoms
• Medical Balloons
• Catheters
• Adhesives
End Use
• Medical
• Consumer Goods
• Industrial
Region
• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• MEA
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