Global Polyisoprene Latex Market Overview:
Polyisoprene Latex is a polymer manufactured by polymerizing petroleum-derived raw material. This process creates a multi-functional and pure polymer. The K-440 synthetic polyisoprene compound provided at KEP provides many of the similar properties as natural rubber. Good withstanding properties to most alcohols, acids, bases, and polar solvents and are efficient for low-temperature environments. Natural rubber latex and polyisoprene are in high demand by producers due to their value and versatility for many applications. Their dynamic sterilization properties also make both compound groups great choices for the medical industry.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing Demand in Medical Sector to manufacture medical/surgical gloves, catheters.
- Growth Awareness Toward Protection Usage to Prevent Unplanned Pregnancies and Sexually Transmitted Diseases
Roadblocks
- Fluctuation in Raw Material Cost
Opportunities
- Experiments and Innovation with Contraceptive Protection Designs and Gloves
Challenges
- Slow Awareness Increment about Contraceptive Usage and Raw Material Price Fluctuations
- Substitution of rubber and Latex Products
Competitive Landscape:
The global market for Polyisoprene Latex is fragmented by global players increasing demand for safer and comfortable medical accessories or ease of medical practices. Newly increasing awareness of contraceptives and design innovation coupled with creative marketing should be attained by players in order to grab the market share.
Some of the key players profiled in the report are Ansell Limited (Australia), JSR Corporation (Japan), Kraton Corporation (United States), Johnson Wilshire Inc. (United States), Honeywell International, Inc. (United States), 3M Company (United States), Hartalega Holdings Berhad (Malaysia), Bangkok Synthetics Co., Ltd. (BST) (Thailand), Medline (United States) and Riverstone Holdings Limited (Singapore). Additionally, following companies can also be profiled that are part of our coverage like Uvex Winter Holding GmbH & Co. KG (Germany), ZEON (Japan) and Kossan Rubber Industries Bhd (Malaysia). Considering Market by Synthesis Method, the sub-segment i.e. Ziegler-Natta (ZN) polymerization will boost the Polyisoprene Latex market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Polyisoprene Latex market.
Latest Market Insights:
In March 2022, DL Chemical Co. acquired Kraton Corporation, a leading producer of specialty polymers and high-value bio-based products to strengthen its global presence by expanding its manufacturing capabilities and footprint in the Asian Market. The merger also allows Kraton to invest in innovation and compete more effectively., and In 2020, Medline Acquires Médi-Sélect in Quebec. This acquisition will complement the distribution business, strong service reputation, and entrepreneurial culture.
In July 2022, Cariflex Pte. Ltd., a subsidiary of DL Chemical Co. announced that it will build the world's largest polyisoprene latex plant in Singapore. The plant will be constructed at a 6.1-hectare site on Jurong Island. With this, the aim f company is to strengthen its position as polyisoprene latex and serve its global customers in medical and consumer products.
What Can be Explored with the Polyisoprene Latex Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Polyisoprene Latex Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Polyisoprene Latex
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polyisoprene Latex market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Polyisoprene Latex market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Polyisoprene Latex manufacturer’, Distributor/Reseller, Medical Equipment Manufacturer, Contraceptive Manufacturer and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.