About Isoprene Rubber Latex
Isoprene rubber latex is the mixture of 30-40% rubber particles, 55-65% water, and small amounts of protein, sterol glycosides, resins, ash, and sugars. It has the right amount of polyisoprene structure with a proper emulsification process. The isoprene rubber latex is available in industrial and medical grades widely used in medical gloves, condoms, medical balloons & catheters, adhesives, etc. It exhibits high purity and strength in the medical applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Isoprene Rubber Latex market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Isoprene Rubber Latex Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kraton Corporation (United States), Kuraray Co., Ltd. (Japan), Kent Elastomer Products Inc. (United States), Sumitomo Seika Chemicals Company, Ltd. (Japan), JSR Corporation (Japan), Cariflex (Brazil) and Puyang Linshi Chemical & New Material Co., Ltd (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Isoprene Rubber Latex market by , Application (Medical Gloves, Condoms, Medical Balloons & Catheters, Adhesives and Others) and Region.
On the basis of geography, the market of Isoprene Rubber Latex has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Isoprene Rubber Latex market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Industrial Grade will boost the Isoprene Rubber Latex market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Number of Adhesives Applications of Isoprene Rubber Latex Due to its Strength
Market Growth Drivers:
Growing Demand for Medical Grade Rubber Latex and Need for the Synthetic Rubber Latex for its Versatility, and Resiliency in Consumer Grade Applications
Challenges:
Skin Allergy-Related Risks Associated with Isoprene Rubber Latex Products
Restraints:
Stringent Regulatory Guidelines on the Production and Distribution of Isoprene Rubber Latex Products
Opportunities:
Surging Production of Isoprene Rubber Latex in Developing Countries with the Rising Medical Industry
Market Leaders and their expansionary development strategies
In July 2022, Cariflex Pte. Ltd., a wholly owned subsidiary of DL Chemical Co., broke ground at a 6.1-hectare site in Jurong Island, Singapore. Cariflex will be constructing the world’s largest and Singapore’s first polyisoprene latex plant on this site. Driven by a strong commitment to better serve its global customers in medical and consumer products.
In July 2020, Cariflex PTE. Ltd. announced that it will be constructing a new large-scale polyisoprene latex plant at its Paulinia, Brazil, facility to meet the strong market demand from its medical and consumer product customers.
"FDA has developed a labeling regulation that provides important information to individuals who are sensitive to natural latex proteins. Devices containing natural rubber that contact humans should not contain the term “hypoallergenic'” on their labeling. FDA has determined that the term “hypoallergenic” on products containing natural rubber would likely mislead consumers to conclude erroneously that the product may not cause latex protein allergic reactions."
Key Target Audience
Isoprene Rubber Latex Manufacturers, Isoprene Rubber Latex International Traders, Isoprene Rubber Latex Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.