Polymer Grade Segment of the Global Isoprene Market to Touch Robust CAGR of 5.1% Throughout the Assessed Period

In 2017, the North America isoprene market was worth US$611.5 mn, which is estimated to reach a valuation of US$761.5 mn by 2022, incrementing at a CAGR of 4.5% during the forecast period of 2017 to 2022.


Albany, NY -- (SBWIRE) -- 10/13/2017 -- Isoprene is basically an industrial chemical which is largely used in manufacturing several products such as pesticide, various automotive parts, synthetic rubber and some other chemical products which are refined like perfume, plant alcohol and so on. In the projection period of 2017-2022, the global isoprene market is likely to perform well with a steady growth across the globe throughout the assessed period. Considering the rising development and progress of this market, Market Research Reports Search Engine (MRRSE) has decided to add this report in its database with the title, "Isoprene Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022," that tracks the performance of the market during the five-years of forecasted period.

Request Free Sample Report: https://www.mrrse.com/sample/3476

Global Isoprene Market- Drivers

The report has listed some of the factors which are fuelling the growth of the global market for isoprene. These drivers are as bellows

Rising demand of isoprene for the manufacturing of tires. Tires with the usage of Isoprene chemical give qualitative ride to the consumers

Increasing usage of isoprene chemical in footwear and in medical sector

Government's regulations related to manufacturing of rubbers and variation in the prices of crude oil

Tires with low rolling resistance and their improved performance

Global Isoprene Market- Segmental Analysis and Forecast

The worldwide market of isoprene is segmented into product, end user and application segment. On the basis of product the market is further segmented into chemical grade and polymer grade. The segment of polymer grade grabs the market share of 54.2% and is likely to be valued US$ 1,151.0 Mn in the year 2017. This particular segment is expected to gain US$ 1,477.4 Mn at the end of the projected period, i.e. 2022, expanding at a health CAGR of 5.1%. The segment of polymer grade is likely to increase its revenue share up to 55% in by the end of 2022 and this is the largest share than the revenue share of any other segment of product.

The end user segment includes industrial rubber, tires, adhesives and others. Tires keep on constituting the most noticeable chunk of demand for isoprene. Tires that are produced using polyisoprene provide features, for example, durability, sturdiness, wear protection, quality, and versatility. The sale of vehicles are increasing and due to which the demand for tires is also rising which will support the growth of worldwide isoprene market. The application segment consists of speciality chemicals, isobutylene-isoprene, polyisoprene and styrene-isoprene styrene segments.

Browse Full Report with TOC: https://www.mrrse.com/isoprene-market

Global Isoprene Market- Regional Analysis and Forecast

Although Asia Pacific region is estimated for greater growth rate, North America region is the most profitable region in the market of isoprene. With moderate CAGR of 4.5%, North America region is anticipated to be valued US$ 611.5 Mn in the year 2017. This value will be increased and is likely to reach up to US$ 761.5 Mn in the year 2022. Densely populated Asia pacific region include two encouraging economies such as India and China which has have flourishing industry of automotive and a large scale of consumers. Thus this region is expected to expand at a robust CAGR of 5.1 % between 2017 and 2022.

Global Isoprene Market- Key Vendors

Ajinomoto Co. Inc., Royal Dutch Shell Plc, Bridgestone Corporation, Nizhnekamskneftekhim, GlycosBio, DuPont, Petroleum Pte Ltd., The Goodyear Tire & Rubber Company, Fortrec Chemicals, SIBUR, Shandong Yuhuang Chemical Group Co. Ltd., and Kuraray Co. Ltd., are some of the competitive landscapes operating in the global market for isoprene.

Enquire About this Report: https://www.mrrse.com/enquiry/3476

Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE's repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States
Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/