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Isoprene Global Market 2023 - Industry Size, Business Segments, Innovative Strategies And Outlook by 2032
Isoprene Market
Isoprene Market Size, Growth Rate, And Forecast
The global isoprene market is expected to grow from $2.90 billion in 2022 to $3.15 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The isoprene market is expected to grow to $4.23 billion in 2027 at a CAGR of 7.6%.
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Isoprene Market Drivers
The growing demand for rubber industry is expected to propel the growth of the isoprene market going forward. Rubber refers to a white, crumbly, plastic mass which can be processed and vulcanized. Isoprene is an all-inclusive industrial chemical that is used to make various rubber products including synthetic rubber, and synthetic rubber has many uses in various industries.
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Isoprene Market Segments
• By Type: Polymer Grade, Chemical Grade
• By Application: Polyisoprene (IR), Styrene-isoprene-styrene (SIS), Isobutylene-isoprene rubber (IIR), Other Applications
• By End-Use: Tires, Non-tires, Adhesives, Other End-Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Isoprene market.
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Isoprene Market Key Players
Major competitors in the Isoprene market include Nizhnekamskneftekhim, SIBUR International GmbH, The Goodyear Tire & Rubber Company, Royal Dutch Shell Plc, Kuraray Co. Ltd.
The Business Research Company's "Global Isoprene Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Isoprene Market Include:
1. Executive Summary
2. Isoprene Market Characteristics
3. Isoprene Market Trends And Strategies
4. Isoprene Market - Macro Economic Scenario
5. Isoprene Market Size And Growth
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26. Africa Isoprene Market
27. Isoprene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Isoprene Market
29. Isoprene Market Future Outlook and Potential Analysis
30. Appendix
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