Market Analysis: Global Isoprene Market
The global isoprene market accounted for USD 2.10billion in 2016 and is projected to grow at a CAGR of 7.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Isoprene Market
Isoprene is a common organic compound.In its pure form it is a colorless volatile liquid. Isoprene is produced by many plants, and its polymers are the main components of natural rubber.There is a growing demand for isoprene in tires, adhesives and industrial rubber activities, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers:
- Growing demand for synthetic rubber in automotive sector
- Rising footwear market
- Increased demand for polyisoprene in medical sector
- Volatile raw material prices
- Rising demand for natural rubber
Market Segmentation: Global Isoprene Market
The isoprene market is segmented on the basis of typeinto polymerization and chemical.
On the basis of application, the market is segmented intopolyisoprene, styrene-isoprene styrene, isobutylene-isoprene rubber and specialty chemicals.
On the basis of end-user, the market is segmented intotires, adhesives and industrial rubber.
On the basis of geography, the isoprene market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Isoprene Market
The global isoprene market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Isoprene Market
Some of the major players in isoprene market includeRoyal Dutch Shell Plc., The Goodyear Tire and Rubber Company, SIBUR, LyondellBasell Industries Holdings B.V., Finetech Industries Ltd., Kuraray Co. Ltd., ZEON Corporation, Ningbo JinhaiChenguang Chemical Corporation, ExxonMobil Corporation, Shandong Yuhuang Chemical Co.,Ltd, Haihang Industry Co., Ltd., Fortrec Chemicals and Petroleum Pte Ltd., Braskem, Zibo LuhuaHongjin New Material Co., Ltd., Chevron Phillips Chemical Companyand many more.
Research Methodology: Global Isoprene Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.