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A16944 | Pages: 260 | Charts: 63 | Tables: 189 |
The global polyisoprene market size was valued at $21.5 billion in 2021, and is projected to reach $36.4 billion by 2031, growing at a CAGR of 5.52% from 2022 to 2031.
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Polyisoprene are natural polymers composed of isoprene monomers that can be classified as cis or trans. Polyisoprene refers to a group of polymers that are made by polymerizing isoprene. It is commonly used to refer to synthetic cis-1, 4-polyisoprene, made by the industrial polymerization of isoprene. Its compounds are used in rubber bands, cut thread, baby bottle nipples, and extruded hoses, along with other such items. Polyisoprene that is mineral-filled finds applications in footwear, sponges, and sporting goods. Other important uses include medical/health applications, sealants, and adhesives.
The growth of the market is directly proportional to the growth of the synthetic rubber industry. Trends in the tire industry and other synthetic rubber products have an impact on polyisoprene producers. Factors, such as the growth in demand for elastomers in the automotive, industrial, footwear, and medical industry are expected to drive the demand for polyisoprene. Rise in usage of polyisoprene in surgical gloves is expected to boost the growth of polyisoprene market.
The polyisoprene market is segmented on the basis of type, application, and region. On the basis of type, the market is classified into natural and synthetic. On the basis of application, the market is classified into tires & related products, belt & hose, latex, footwear, non-automotive engineering, and others. On the basis of region, the market is classified into North America, Europe, Asia Pacific, and LAMEA.
The global Polyisoprene market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Shell, Exxon Mobil Corporation, Haihang Industry Co., Ltd., Kent elastomer products, Kuraray Co., Ltd., SIBUR, The Goodyear Tire & Rubber Company, and Dupont.
[TYPEGRAPH]
By type, the natural rubber segment dominated the global polyisoprene market in 2021, and the synthetic rubber segment is projected to be the fastest-growing segment during the forecast period.
[APPLICATIONGRAPH]
By application, the tire and related product segment accounted for around 44.2% of the global Polyisoprene market share in 2020. High demand for polyisoprene from automotive industry for manufacturing of tires is anticipated to drive the market growth during the forecast period.
[REGIONGRAPH]
By region, Europe is projected to be the fastest growing market. Europe is expected to have significant market growth due to the presence of well-established automotive sector in the region.
Key Market Segments
Key Market Players