openPR Logo
Press release

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Isoprene Market Share Will Hit US$ 8.3 Billion By 2032 | Growth With Recent Trends & Demand here

News-ID: 3370561 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Isoprene

Global Isoprene Market Impact of AI and Automation
Isoprene Market Impact of AI and Automation The global isoprene market was valued at approximately USD 3.5 billion in 2022 and is projected to reach around USD 5.2 billion by 2030, growing at a CAGR of about 6.5% during the forecast period. This growth is driven by increasing demand for synthetic rubber, particularly in the automotive and footwear industries. The rising need for environmentally friendly materials and advancements in production technologies
Global Isoprene Market: Trend Analysis 2023-2030
As per Triton's report analysis, the global isoprene market is projected to register a CAGR of 7.65% in revenue during the 2023-2030 forecast period. A recent study by Triton Market Research titled Global Isoprene Market includes the Global Analysis and Forecasts by End-user (Adhesives, Non Tires/Industrial Rubber, Tires, Other End-users), Usability (Polyisoprene, Isobutylene-Isoprene Rubber, Styrene-Isoprene Styrene, Other Usability), Grade (Polymer Grade, Chemical Grade), and Regional Outlook (Middle East and Africa,
Global Isoprene Market: Trend Analysis 2023-2030
As per Triton's report analysis, the global isoprene market is projected to register a CAGR of 7.65% in revenue during the 2023-2030 forecast period. A recent study by Triton Market Research titled Global Isoprene Market includes the Global Analysis and Forecasts by End-user (Adhesives, Non Tires/Industrial Rubber, Tires, Other End-users), Usability (Polyisoprene, Isobutylene-Isoprene Rubber, Styrene-Isoprene Styrene, Other Usability), Grade (Polymer Grade, Chemical Grade), and Regional Outlook (Middle East and Africa,
Global Isoprene Market: Trend Analysis 2023-2030
As per Triton's report analysis, the global isoprene market is projected to register a CAGR of 7.65% in revenue during the 2023-2030 forecast period. A recent study by Triton Market Research titled Global Isoprene Market includes the Global Analysis and Forecasts by End-user (Adhesives, Non Tires/Industrial Rubber, Tires, Other End-users), Usability (Polyisoprene, Isobutylene-Isoprene Rubber, Styrene-Isoprene Styrene, Other Usability), Grade (Polymer Grade, Chemical Grade), and Regional Outlook (Middle East and Africa, North
Global Isoprene Market: Trend Analysis 2023-2030
A recent study by Triton Market Research titled Global Isoprene Market includes the Global Analysis and Forecasts by End-user (Adhesives, Non Tires/Industrial Rubber, Tires, Other End-users), Usability (Polyisoprene, Isobutylene-Isoprene Rubber, Styrene-Isoprene Styrene, Other Usability), Grade (Polymer Grade, Chemical Grade), and Regional Outlook (Middle East and Africa, North America, Asia-Pacific, Latin America, Europe). Read the Market Summary Here: https://www.tritonmarketresearch.com/reports/isoprene-market Isoprene, a colorless and volatile liquid hydrocarbon obtained from petroleum, forms the essential basis
Global Isoprene Market: Trend Analysis 2023-2030
As per Triton's report analysis, the global isoprene market is projected to register a CAGR of 7.65% in revenue during the 2023-2030 forecast period. A recent study by Triton Market Research titled Global Isoprene Market includes the Global Analysis and Forecasts by End-user (Adhesives, Non Tires/Industrial Rubber, Tires, Other End-users), Usability (Polyisoprene, Isobutylene-Isoprene Rubber, Styrene-Isoprene Styrene, Other Usability), Grade (Polymer Grade, Chemical Grade), and Regional Outlook (Middle East and Africa,