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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Polyisoprene Market Analysis
The polyisoprene market trends and dynamics are driven by its widespread use in food- and medical-grade products like surgical gloves, hospital sheeting, milk tubing, baby bottle nipples, and condoms, due to its high gum tensile strength and purity.
The growth of the polyisoprene market is further aided by using the product in the manufacture of tyres, hoses, door and window profiles, matting, and belts. The demand for these products is increasing as the per capita income of individuals is increasing, along with enhancing living standards, especially in emerging economies.
Polyisoprene Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global polyisoprene market attained a volume of nearly 18.56 million tons.
The global polyisoprene market is assessed to grow at a CAGR of 5.5% between 2024 and 2032.
By 2032, the market is estimated to reach a volume of about 30.05 million tons.
The market is being driven by the extensive use of polyisoprene in medical and food-grade products, the growing vehicle ownership, and the rising demand for tyres.
The growing demand for hoses, door, and window profiles, increasing research and development (R&D) activities aimed at developing polyisoprene compounds, and the rising manufacturing of isoprene are the key trends aiding the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on type, market segmentations include natural and synthetic.
The significant applications of polyisoprene are tyre and related products, latex products, footwear, non-automotive engineering, and belting and hose, among others.
The competitive landscape consists of PJSC Nizhnekamskneftekhim, Kuraray Europe GmbH, Shell Chemicals, Kent Elastomer Products, Inc, and ExxonMobil Chemical, among others.
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