The isoprene market was valued at USD 1.93 Billion in 2015, and is projected to reach USD 2.96 Billion by 2021, at a CAGR of 7.4% from 2016 to 2021. Isoprene is used in several end-use industries, such as tires, non-tires, adhesives, and other industries. The increasing usage of synthetic rubber in these industries is expected to drive the isoprene market.
Seattle, WA -- (SBWIRE) -- 05/03/2017 -- The report "Isoprene Market by Type (Polymer grade, Chemical grade), Application (Polyisoprene, Styrene isoprene styrene, Isobutyl isoprene rubber), End-Use Industry (Tires, Non-tires, Adhesives), and Region - Global Forecast to 2021", The isoprene market was valued at USD 1.93 Billion in 2015, and is projected to reach USD 2.96 Billion by 2021, at a CAGR of 7.4%, during 2016 to 2021.
Browse 155 market data tables and 61 figures spread through 162 pages and in-depth TOC on "Isoprene Market by Type (Polymer grade, Chemical grade), Application (Polyisoprene, Styrene isoprene styrene, Isobutyl isoprene rubber), End-Use Industry (Tires, Non-tires, Adhesives), and Region - Global Forecast to 2021"
Early buyers will receive 10% customization on this report.
Isoprene has properties similar to natural rubber such as flexibility and strength without odor, fragmentation, or allergic reaction, which drives its demand in tires, non-tires, adhesives, and other industries.
The polymer grade type is estimated to lead the isoprene market
Polymer grade type of isoprene is majorly used for polyisoprene application. Polyisoprene has similar properties like natural rubber. Properties like toughness, abrasion and cold resistance, high tensile strength, high resilience, and good hot tear strength makes it suitable for tire manufacturing. Polymer grade isoprene is also used in industries such as medical, pharmaceutical packaging, and automotive. It is estimated to be the leading isoprene type in the market due to its growing use in diversified industries.
Request for the Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=73860317
Polyisoprene application accounted for the largest share of the isoprene market
Polyisoprene application accounted for the largest share of the isoprene market, followed by styrene isoprene styrene. Isoprene is primarily used to make polymeric materials. It is used to produce polyisoprene, which is produced by polymerizing isoprene monomer; it is also used to produce styrene isoprene styrene (SIS), isobutylene-isoprene rubber (IIR), and other specialty chemicals.
The tire industry is estimated to lead the isoprene market
The tire industry accounted for the major share of the isoprene market, followed by adhesives. Polyisoprene application is used in tire manufacturing.
The rising demand for isoprene from Europe is expected to be a key factor driving the growth of isoprene market in the region
Europe is estimated to be the leading market for isoprene. Russia is projected to be the fastest-growing market for isoprene during the forecast period. Germany, France, and the U.K. are other countries contributing to the growth of isoprene market in this region. The increasing demand for isoprene from the end-use industries such as tires, non-tires, adhesives, and others is expected to drive the growth of the isoprene market in these countries.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=73860317
The key companies profiled in the isoprene market research report are Nizhnekamskneftekhim (Russia), SIBUR (Russia), The Goodyear Tire & Rubber Company (U.S.), Royal Dutch Shell Plc (Netherlands), Kuraray Co. Ltd. (Japan), ZEON Corporation (Japan), LyondellBasell Industries N.V.(U.S.), JSR Corporation (Japan), Ningbo Jinhai Chenguang (China), Shandong Yuhuang Chemical Group Co. Ltd. (China), Finetech Industry Ltd. (U.K.), Haihang Industry Co. Ltd. (China), Fortrec Chemicals and Petroleum Pte Ltd. (Singapore), and Braskem (Brazil).
Browse Related Reports:
Rubber Additives Market by Type (Accelerators, Antidegradants, and Others), Application (Tire and Non-Tire) & by Region (North America, Europe, Asia-Pacific, and RoW) - Global Trends & Forecast to 2020
Adhesives & Sealants Market by Technology (Water, Solvent, Hot-Melt, Reactive & Others), by Chemistry (PAE, PVA, VAE, EVA, SBS, Synthetic Rubber, Polyamide, Polyurethane, Epoxy, Cyanoacrylate, & Others), & by Application - Global Forecast to 2020
Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
For more information, please visit http://www.marketsandmarkets.com