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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Polyisoprene Market Growth
The global polyisoprene industry growth is being driven by the rising demand for tyres as the demand for vehicles increases in emerging economies due to rising disposable income. The largest synthetic polyisoprene market is represented by Russia as the country holds more than a third of the total global consumption of the product.
Natural polyisoprene leads the market in China. Poland is the biggest importer of synthetic polyisoprene, while Malaysia imports the most natural rubber. Russia is the top exporter of synthetic polyisoprene, and Thailand is the leading exporter of natural rubber, driving polyisoprene market demand.
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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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124