About Isoprene Rubber
Isoprene Rubber is also known as IR rubber or synthetic polyisoprene refers to an artificial elastomer made out of a polymer that is synthesized from a by-product of petroleum. The IR possesses high strength, rugged & durable, and has high resistance to abrasion & fracture. Isoprene Rubber products are widely used in tire, conveyor belts, medical products and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Owing to less product variation in the global tire market, manufacturers find it hard to maintain brand loyalty. Thus, to gain market share manufactures are competing on pricing for occupying large market share and generate revenue. This marks in high competition among the key players. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Isoprene Rubber market throughout the forecasted period. 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), Kent Elastomer Products, Inc. (United States), Kuraray Co., Ltd. (Japan), Puyang Linshi Chemical & New Material Co., Ltd. (China), JSR Corporation (Japan), Nizhnekamskn eftekhim (Russia), KauchukSterlitamak, Sibur (Austria), Goodyear Tire and Rubber (United States) and Braskem S.A. (Brazil) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Karbochem (South Africa), Zibo Luhua Hongjin New Material Co.,Ltd. (China) and Tpi New Material (China).
Segmentation Overview
AMA Research has segmented the market of Global Isoprene Rubber market by Type (Medical Grade and Industrial Grade), Application (Tires and Tire Products and Mechanical Rubber Products) and Region.
On the basis of geography, the market of Isoprene Rubber 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 End User, the sub-segment i.e. Medical will boost the Isoprene Rubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development and Innovation in the Rubber Industry
Market Growth Drivers:
Growth in Isoprene Rubber Industry and Increasing Medical Gloves Demand in the Healthcare Sector
Challenges:
Price Sensitivity in the Market Due to the Demand-Supply Gap and Availability of Substitutes As Latex and Other Rubber Products
Restraints:
Regulation in the Rubber Manufacturing Industry
Opportunities:
Developing Countries in Asia Pacific Offers Huge Growth Opportunity
Market Leaders and their expansionary development strategies
In November 2019, Tatneft’s acquisition of Sibur’s petrochemical plant in Togliatti, Russia has been completed. This concludes the process initiated by the signing of an agreement of intent between the two parties at the end of August 2019.
In July 2023, The Indian government has launched an antidumping investigation into the imports of isobutylene isoprene rubber from china.
Key Target Audience
Isoprene Rubber Manufacturing Companies, Traders, Distributors, and Retailers, Raw Material Suppliers, Commercial R&D Institutes and Research Institute, Trade Association, and Government Agencies
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.