Isoprene Market is Forecasted to Reach US$ 3.82 Billion in 2028, Says Stratview Research

The global isoprene market is projected to witness a growth rate of 7.2% annually from 2023 to 2028 with an anticipated size of US$ 3.82 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global isoprene market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 3.82 billion
Growth (CAGR): 7.2% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Isoprene Market:

The global isoprene market is segmented based on type, application type, end-use industry type, and region.

Based on type - The isoprene market is segmented as polymerization grade and chemical grade. Polymerization grade is the most extensively used isoprene type. Owing to its properties similar to natural rubber, it is widely used in different applications. Further, it has more uniformity in molding, strength, cure rate, mixing, and processing.

Based on application type - The market is segmented as polyisoprene, styrene isoprene styrene, isobutylene isoprene rubber, and others. The growing use of polyisoprene in the tire industry has led to the demand for isoprene globally. The growing demand for low-rolling-resistance tires aimed at better fuel efficiency is estimated to further drive the global isoprene market during the forecast period.

To know the most attractive segments, click here:
https://stratviewresearch.com/787/isoprene-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to offer substantial growth opportunities in the coming five years for isoprene. This growth outlook is majorly attributed to the following-

• China and India are the growth engines of the region.
• The market is sustained by the increasing demand for isoprene by various end-use industries.

Concurrently, North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Isoprene Market Drivers:

Some of the key drivers listed in the report are given below.

• The demand for isoprene is influenced by its role in the production of synthetic rubber, elastomers, and other polymers used in industries such as automotive, construction, and consumer goods.
• The growth of the automotive sector, driven by tire manufacturing, significantly impacts isoprene demand.

Top Companies in the Isoprene Market:

Stratview Research has identified the following companies as the top market players.
• The Goodyear Tire and Rubber Company
• Royal Dutch Shell PLC
• Lyondellbasell Industries N.V.
• Sibur
• PJSC Nizhnekamskneftekhim
• Zeon Corporation
• Kuraray Co. Ltd.
• Ningbo Jinhai Chenguang
• Shandong Yuhuang Chemical Group Co. Ltd.
• Finetech Industry Ltd.
• Haihang Industry Co. Ltd.
• Fortrec Chemicals and Petroleum Pte Ltd.
• Braskem S.A.
• JSR Corporation.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Isoprene Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.