What is Isoprene Rubber Market?
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.
The market study is being classified by Type (Medical Grade and Industrial Grade), by Application (Tires and Tire Products and Mechanical Rubber Products) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Karbochem (South Africa), Zibo Luhua Hongjin New Material Co.,Ltd. (China) and Tpi New Material (China).
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. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Isoprene Rubber market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Isoprene Rubber market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in Isoprene Rubber Industry
- Increasing Medical Gloves Demand in the Healthcare Sector
- Development and Innovation in the Rubber Industry
- Regulation in the Rubber Manufacturing Industry
- Developing Countries in Asia Pacific Offers Huge Growth Opportunity
- Price Sensitivity in the Market Due to the Demand-Supply Gap
- Availability of Substitutes As Latex and Other Rubber Products
On 6th March 2018, Goodyear has presented new tier technology designed to advance the performance of electric vehicles during the 2018 Geneva International Motor Show. It will be on the road by 2019 in Europe.
Key Target AudienceIsoprene Rubber Manufacturing Companies, Traders, Distributors, and Retailers, Raw Material Suppliers, Commercial R&D Institutes and Research Institute, Trade Association, and Government Agencies