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Isoprene Market Share Will Hit US$ 8.3 Billion By 2032 | Growth With Recent Trends & Demand

02-02-2024 10:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Isoprene Market Trends 2024-2032

Isoprene Market Trends 2024-2032

IMARC Group has recently released a new research study titled "Isoprene Market Report by Grade (Polymer Grade, Chemical Grade), End Use Industry (Tires, Industrial Rubber, Adhesives, and Others), and Region 2024-2032", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the isoprene market?

The global isoprene market size reached US$ 4.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.19% during 2024-2032.

What is isoprene used for?

Isoprene is an unsaturated hydrocarbon, specifically a diene, with the chemical formula C5H8. It is a volatile, colorless liquid at room temperature and has a melting point of around -145.95°C and a boiling point of approximately 34°C. Isoprene is naturally produced by various plants and trees and serves as the basic building block for biologically important compounds like natural rubber and certain terpenes. Its primary industrial use is in the synthesis of synthetic rubbers and resins. When polymerized, it forms polyisoprene, which closely mimics the properties of natural rubber. Isoprene is highly reactive due to its carbon-carbon double bonds, making it susceptible to various chemical modifications. It is commonly used in copolymers and undergoes reactions like hydrogenation, halogenation, and oxidation.

Request to Get the Sample Report: https://www.imarcgroup.com/isoprene-market/requestsample

Global Isoprene Market Trends:

The growing emphasis on sustainable manufacturing and green chemistry is a primary factor driving the growth of the isoprene market. Additionally, the availability of isoprene across diverse purity levels and price points allows it to be accessible to a wide array of industries, thereby encouraging market expansion. Isoprene's versatile utility in the production of synthetic rubber, adhesives, and various other polymers lends it considerable value in industrial applications, further fueling market growth.

Technological advancements in the methods of isoprene production, such as bio-based pathways, have resulted in more environmentally friendly and efficient processes. This, in turn, promotes its adoption rates among manufacturers in the automotive, construction, and healthcare sectors, positively impacting the market. Along similar lines, the rise of digital platforms focusing on chemical trading has made isoprene more readily available to a global consumer base, facilitating its market growth. The increasing focus on sustainability and high-performance materials, isoprene is gaining heightened attention for its role in producing various synthetic materials without compromising environmental integrity, thus creating a favorable market outlook.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Chevron Phillips Chemical Company LLC
• China Petrochemical Corporation
• ENEOS Materials Trading Co. Ltd.
• Kuraray Europe GmbH (Kuraray Co. Ltd.)
• Lyondellbasell Industries Holdings B.V.
• Ningbo Jinhai ChenguangChemical Corporation
• Pon Pure Chemicals Group
• Shandong Yuhuang Chemical Group Co. Ltd.
• Shell Plc
• Zibo Luhua Hongjin New Material Group Co. Ltd.

Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=12637&flag=C

Isoprene Market Report Segmentation:

Grade Insights:

• Polymer Grade
• Chemical Grade

End Use Industry Insights:

• Tires
• Industrial Rubber
• Adhesives
• Others

By Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us                                                                      

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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