Isoprene Market Growth Analysis, Latest Trends And Business Opportunity 2023 To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Isoprene Global Market Report 2023 identifies development of sustainable production of isoprene as the major driver for the Isoprene market's growth in the forecast period. Major players are concentrating their efforts on creating innovative technologies to sustain their position in the isoprene markets.

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 market size of the isoprene market is expected to grow to $4.23 billion in 2027 at a CAGR of 7.6%.

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Major competitors in the Isoprene market are Nizhnekamskneftekhim, SIBUR International GmbH, The Goodyear Tire & Rubber Company, Royal Dutch Shell Plc, Kuraray Co. Ltd., ZEON Corporation

A key trend in the Isoprene market includes development of sustainable production of isoprene. Major players are concentrating their efforts on creating innovative technologies to sustain their position in the isoprene markets. For instance, in February 2022, Bridgestone Corporation, Japan-based rubber, and tire company partnered with the National Institute of Advanced Industrial Science and Technology (AIST), Tohoku University, ENEOS Corporation, and JGC holdings corporation to develop sustainable technology for the production of high-yield isoprene using chemical recycling technology. This technology aims to utilize used tires to achieve the production of isoprene, a raw material for synthetic rubber production with carbon neutrality that will contribute to a more sustainable society.

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The Isoprene market is segmented -
1) By Type: Polymer Grade, Chemical Grade
2) By Application: Polyisoprene (IR), Styrene-isoprene-styrene (SIS), Isobutylene-isoprene rubber (IIR), Other Applications
3) 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.

The Business Research Company's "Global Isoprene Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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
……
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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