MarketStudyReport.com Adds New Isoprene Rubber Latex Market 2018 – 2025 research report providing information and data By Application, By End-user, Industry Analysis, Regional Outlook, Application Growth Potential, Trends, Competitive Market Share & Forecast spreading across 170 Pages with table and figures in it.
Selbyville, DE -- (SBWIRE) -- 10/11/2018 -- Isoprene Rubber Latex Market Research Report for the period of 2018-2025 that shows the growth of the market is rising at a Steady CAGR to 2025.
Escalating condom demand around the globe will be a major contributor for the IRL market growth till 2025. The product is employed in manufacturing condoms and other thin-walled elastic products for the consumer and healthcare industries. Developing countries, such as India, China, Brazil, etc. have witnessed a steep rise in condom usage in recent years. This can be attributed to greater awareness among people about sexually transmitted diseases as well as efforts by various governmental and non-governmental organizations to control the expanding population. These trends will stimulate isoprene rubber latex industry growth in the forecast years. Isoprene Rubber Latex (IRL) Market will likely surpass USD 340 million by 2025; according to a new research report.
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IRL is also extensively used in manufacturing medical supplies such as gloves, balloons, catheters, tube connectors, and many more. The global healthcare industry revenue was registered above USD 1.5 trillion in 2017 and this revenue will further increase in the forecast years. This will boost medical supplies demand and eventually drive the isoprene rubber latex market. However, the product will also witness sharp competition from other synthetic latex materials such as vinyl, nitrile, etc. This may hamper the industry growth to a certain extent.
Asia Pacific occupied the highest share of the global IRL market in 2017 and this trend will hold sway during the study period. There is a substantial demand for the product in Malaysia and China owing to high rate of medical glove and condom production in these countries. North America isoprene rubber latex industry growth rate will exceed 6% CAGR during the study period. Condom and adhesive production have been the key aspects driving the regions IRL industry.
The global isoprene rubber latex market is characterized by the presence of only a few manufacturers including Kraton, JSR Corporation, Kuraray, Puyang Linshi, and Kent Elastomers. With rising product demand more players are likely to enter the market in the forecast years. However, new players are also likely to face stiff price competition from existing players in the industry.
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Condoms, medical gloves, medical balloons & catheters, and adhesives are the key application segments in the isoprene rubber latex market. Medical glove segment will dominate the overall IRL industry over the forecast years. The product?s high clarity and purity have been the main reasons behind their usage for this application. Condoms are another key application for the product and this segment will witness gains above 6% CAGR in forecast years.
Medical, industrial, and consumer products are the end-user segments in the isoprene rubber latex industry. Medical end-user accounted for a significant share of the IRL market with revenues in 2017 exceeding USD 150 million. Consumer product segment?s market will escalate by a stable rate in forecast years to reach around USD 50 million by 2025. Increasing condom demand is poised to be the major aspect driving this segments growth.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Isoprene Rubber Latex Industry Insights
Chapter 4. Isoprene Rubber Latex Market, By End-user
Chapter 5. Isoprene Rubber Latex Market, By End-user
Chapter 6. Isoprene Rubber Latex Market, By Region
Chapter 7. Company Profiles
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This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.
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