Isoprene Rubber (IR) Latex Market Size

Isoprene Rubber Latex Market Size

Isoprene rubber latex Market size was close to USD 210 million in 2019 and will grow at a CAGR of 4.5% from 2020 to 2026. Increasing demand for isoprene rubber latex from medical & healthcare across the globe will escalate the revenue generation during the forecast period.

Isoprene rubber (IR) latex is a water-based product that is an ideal substitute for natural rubber latex for a wide range of applications in the medical, consumer, and industrial sectors. Since the product is manufactured synthetically, it possess a high levels of purity and resistance to naturally occurring proteins and other compounds without Type1 allergy risk.
 

Although its molecular structure is similar to natural rubber, IRL offers superior properties such as easy vulcanization, good processability, resilience, and high tensile strength that are not found in regular rubber. These factors will drive the IR latex demand as a substitute for natural rubber latex and will augment the isoprene rubber latex market growth during the forecast period.
 

IR latex is used in the manufacturing of medical supplies such as gloves, catheters, balloons, needle shields, medical or food packaging adhesives, probe covers etc. They are also widely used in the manufacturing of condoms and footwears. Moreover, enhanced living standards, improving sex education, and family planning policies have further promoted the use of condoms. China and Malaysia are significant condom manufacturing countries in the Asia Pacific.
 

Rapidly increasing demand for medical gloves from the healthcare industry will be a major growth enabler for the isoprene rubber latex market. Increasing population, higher prevalence of chronic and non-chronic diseases, and advances in the medical treatment will subsequently increase global demand for medical gloves in the sector.
 

The product is largely employed in fabrication of medical equipment such as catheters, cohesive bandages, medical stoppers, membranes, tube connectors etc., in medical procedures such as fixation, invasive diagnostic techniques and drug delivery. With more than 2.5 million people infected with the new coronavirus spread, there has been a sudden spike in the demand of disposable medical gloves.
 

These trends will subsequently surge the global Isoprene rubber latex market during the forecast period. However, prevalence of massive internal substitute threat from the latex market may negatively impact the industry growth from 2020 to 2026.