Isoprene Market Size, Share & Industry Analysis, By Type (Chemical Grade, Polymer Grade), By Application (Polyisoprene, Styrene Isoprene Styrene, Isobutylene Isoprene Rubber, Others) And Regional Forecast, 2024-2032

Isoprene, also known 2-methyl 1,3 butadiene is an unsaturated hydrocarbon. When in pure form, it is a colorless volatile liquid. It is produced and emitted by plants and trees. It is an important C5 diolefin isoprene and is synthetically produced by thermal cracking of naptha oil and as a byproduct of ethylene production process. The most of the industrially synthesized isoprene is further used to produce polyisoprene which is the synthetic version of natural rubber.

Increasing demand for polyisoprene is one of the key factor driving the market for isoprene. It has similar properties that of natural rubber. Higher consistency in terms of strength, mixing, processing, cure rate, and molding as compared to natural rubber is expected to boost the market growth. Additionally, growing demand for isoprene to manufacture Styrene Isoprene Styrene (SIS) and Isobutylene Isoprene Rubber (IIR) is expected to significantly boost the market.

However, rubber manufacturing facilities discharge Hazardous Air Pollutants (HAP) which are harmful for environmental and human health. stringent environmental rules regarding the emission of such harmful pollutants is expected to act as limitation for market.

Market Segmentation:

Based on type, the global isoprene market is segmented into chemical grade and polymer grade. Based on application, is segmented into polyisoprene, styrene isoprene styrene, isobutylene isoprene rubber and other applications.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global isoprene market consists of global & regional players operating. Some of the key players in the market include Goodyear Tire & Rubber Company, Kuraray Co. Ltd, LyondellBasell Industries N.V, ZEON Corporation, Royal Dutch Shell Plc, SIBUR, and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Isoprene Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest and fastest growing market. Higher consumption of isoprene from countries like India and China is expected to drive regional market. Europe is expected to hold significant share in market attributed to the high demand for SIS for pressure sensitive adhesives and hot-melt adhesives. North America is expected to show considerable growth due to high demand for polyisoprene. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

Segmentation

Isoprene Industry Developments

• In June 2015, Zeon Corporation expanded the production capacity from 40000 to 60000 tons at its Misushima plant for thermoplastic elastomers like Quintac, which is an SIS and is synthesized using isoprene.