Polyisoprene Elastomers Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3863
Polyisoprene Elastomers Market size is anticipated to witness rapid growth over the projected time period on account of growing demand from various products such as tires, gloves, sealants, foam rubber, gaskets, molded & mechanical goods. Product possess superior properties including good resilience and high gum tensile strength which makes it desirable across aforementioned applications in the industry. Rising product demand from automobile industry in various countries including India, Japan, China will help attain prominent gains to the overall polyisoprene elastomer market size by 2025. According to Asia Motor Business, new vehicle registration in Asia Pacific grew by 3.8% to reach 43.8 million units in 2017. Moreover, the regional sales is forecast to grow at 3.3% to 45.2 million units in 2018, showcasing the growth in China, India and ASEAN. Moreover, rising disposable income along with urbanization will propel footwear demand which will augment product demand over the forecast time period. Growing usage of polyisoprene elastomers in surgical gloves and rubber bands will also make significant contribution to the overall industry growth in the forecast timeframe.
High production cost of polyisoprene elastomers as compared to natural rubber is expected to hinder the market growth over the projected time period. However, growing consumption of polyisoprene elastomers from automotive, tire, cement and rubber industry, owing to its excellent properties such as high tensile strength and good resilience will help attain positive outlook on the overall market size by 2025.
Based on types, polyisoprene elastomers market is segmented into 1,2 – polyisoprene, trans 1,4 polyisoprene, Cis – 1,4 – polyisoprene and 3,4 polyisoprene. Cis – 1,4 – polyisoprene is synthesized by two process: living anionic polymerization with lithium alkyls in nonpolar solvent or via Ziegler-Natta polymerization with Ti-Al catalyst. Cis – 1,4 – polyisoprene is the common form of polyisoprene which occurs in latex of many trees usually as natural rubber.
Based on application, polyisoprene elastomers market is segmented into tires, motor mounts, rubber bands, pipe gaskets, molded products, baby bottles, cut threads, others. Robust product demand in tires, mainly in green tires, as they provide excellent performance is anticipated to drive the market size in the coming years. Furthermore, growing product demand from construction sector in the form of adhesive and coatings will make a positive impact on the overall market growth in the coming years.
Based on end-user, polyisoprene elastomers market is segmented into automotive, construction, adhesive & sealant, healthcare and others. In automotive industry, product is majorly applicable in making interior parts, braking systems, tires, chassis, etc. as it provides mechanical properties of automotive parts and thereby extending their life cycle. Over the last few years, the automotive industry has gone through a rapid change in Asia Pacific due to rising socio-economic factors and easy loan approvals in the region. For instance, sales of automobile in India was recorded close to 24 million in 2016, which is anticipated to show positive gains and thus driving the overall polyisoprene elastomer market size in the forecast timeframe.
Asia Pacific polyisoprene elastomers market size is anticipated to witness significant growth due to accelerating growth in various end-user industries such as automotive, construction and medical industry in Indonesia, Malaysia, China and India. Moreover, rising vehicle production in countries like India, South Korea, China, Indonesia and Japan is expected to make contribution to the overall market growth in the coming years. There is rising product demand from key companies in the region such as Hyundai, Toyota and Honda. North America market will experience growth due to rising vehicle production mainly in the U.S. as key companies are investing heavily in R&D to spur product innovation. Middle East and Africa is anticipated to witness high gains due to rising construction sector which will propel product demand for adhesives, coatings, etc. and thus resulting in driving the overall market size by 2025.
Some of the key industry players in polyisoprene elastomers market are Kraton, ExxonMobil, DowDuPont, Zeon Chemicals, Goodyear chemicals, Mitsui Chemicals, Lanxess AG, Shell, China National Petroleum Corporation, Sumitomo chemicals, Zeon Corporation, etc.
Polyisoprene Elastomers Market, By Type (Kilo Tons) (USD Million)
- 1,2 – polyisoprene
- Trans 1,4 polyisoprene
- Cis – 1,4 – polyisoprene
- 3,4 polyisoprene
Polyisoprene Elastomers Market, By Application (Kilo Tons) (USD Million)
- Motor mounts
- Rubber bands
- Pipe gaskets
- Molded products
- Baby bottles
- Cut thread
Polyisoprene Elastomers Market, By End-User (Kilo Tons) (USD Million)
- Adhesive & Sealant
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Zeon Chemicals
- Goodyear Chemicals
- Mitsui Chemical
- Lanxess AG
- China National Chemical Petroleum Corporation
- Sumitomo Chemical Co., Ltd.
- Zeon Corporation
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