Global Isoprene Market to Reach US$1,477.4 Mn by 2022 - Transparency Market Research

 Global Isoprene Market to Reach US$1,477.4 Mn by 2022 - Transparency Market

  PR Newswire

  ALBANY, New York, September 7, 2017

ALBANY, New York, September 7, 2017 /PRNewswire/ --

As per the findings of a recent intelligence study by Transparency Market
Research (TMR), the global isoprene market is highly competitive in nature,
owing to the presence of a vast number of large-scale manufacturers, primarily
in the countries of the U.S., China, Japan, Russia, and Netherlands.

Based on product type, the market for isoprene market gains maximum demand for
the segment of polymer grade, which is estimated to account for 55% of the
global demand by the end of 2022. Geographically, North America continues to
be the most profitable region, and the demand estimated to increment at a CAGR
of 4.5% during the forecast period of 2017 to 2022.

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Properties of Durability and Flexibility Driving Adoptability  

The growth of the synthetic rubber industry is reflecting positively on the
global isoprene market, with increased production. Since isoprene exhibits
properties quite similar to natural rubber such as flexibility as well as
strength without odor, allergic reaction, or fragmentation, it finds strong
applications in the manufacturing of tires, non-tires, adhesives, and other
industries. In the automotive industry, isoprene is not only used for tires
but also for fuel hoses, mud flaps, engine mounting, floor mats, suspension
bushes, and exhaust rubber hangers, among others. As the automotive industry
touches new peaks, primarily in the region of Asia Pacific wherein the urban
population is escalating the demand for SUVs and sedans, the global isoprene
market is expected to prosper consistently. The prosperity of the footwear
market and increasing demand for polyisoprene in the medical sector are other
two factors augmenting the demand in the global isoprene market.

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Fluctuations in Raw Material Prices Challenging Growth  

The volatility of raw material prices and growing trend towards natural rubber
as a result of regulations in the rubber manufacturing industry are two
factors obstructing the global isoprene market from attaining its true
potential. These factors are most evident in price sensitive regional markets,
wherein the gap between demand and supply is wide. Nevertheless, the vendors
operating in the isoprene market will continue to gain new opportunities in
the developing countries in Asia Pacific, besides gaining ground over their
competitors by research and development of improved performance and low
rolling resistance tires.

Some of the key companies identified by the TMR report, who are currently
holding a position of strength in the global isoprene market, are:
Nizhnekamskneftekhim, SIBUR, The Goodyear Tire & Rubber Company, Royal Dutch
Shell Plc, Kuraray Co. Ltd., ZEON Corporation, LyondellBasell Industries N.V.,
JSR Corporation, Haihang Industry Co. Ltd., Ningbo Jinhai Chenguang, Shandong
Yuhuang Chemical Group Co. Ltd., Finetech Industry Ltd., Fortrec Chemicals and
Petroleum Pte Ltd., Braskem, DuPont, GlycosBio, Bridgestone Corporation, and
Ajinomoto Co. Inc.

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As far as strategies of the prominent companies in the isoprene market is
concerned, product differentiation is at the forefront. For instance, Kuraray
Industries Ltd. revamped its bio-based liquid rubber unit in April 2014 via a
strategic collaboration with Amyris. The company is focused on producing tire
that increment fuel-efficiency. In addition to that, the manufacturers are
focusing on backward integration in order to distribute their products
efficiently and keep a hold over the market share in an intensely competitive
landscape. The tussle is expected to mount further in the near future, with
the arrival of a few new players.

Global Isoprene Market Report is available @ US$ 5795 

About TMR  

Transparency Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company's exclusive
blend of quantitative forecasting and trend analysis provides forward-looking
insight for thousands of decision makers. TMR's experienced team of analysts,
researchers, and consultants use proprietary data sources and various tools
and techniques to gather and analyze information.

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