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Global Polyisoprene Market to Reach 21.8 Million Tons by 2026, Aided by the Rising Automobiles Sales

According to a new report by EMR titled, 'Global Polyisoprene Market Report and Forecast 2021-2026', the global market for polyisoprene reached a volume of almost 15.8 million tons in 2020. The market is further expected to grow at a CAGR of 5.5% in the forecast period of 2021-2026 to reach a volume of around 21.8 million tons by 2026.

The polyisoprene industry is aided by the improving sales of automobiles, which utilises polyisoprene in the manufacturing process. Natural polyisoprene is the leading type, holding a significant amount of market share. Polyisoprene is majorly used in the production of tyres and related products. With the outbreak of the COVID-19 pandemic, the market has seen a slight fall in demand in 2020 due to lowered downstream demand and restrictions in manufacturing. However, lowered demand from sectors like automobile has been offset by the increased demand from the healthcare sector. Post-pandemic, the demand is expected to rebound, and the market is projected to continue to grow at a moderate pace.

The global polyisoprene industry is facilitated by the expansion of e-retail companies, such as Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT), which have a wide range of products, including gloves, hospital sheeting, hoses, and belts, etc. These products utilise polyisoprene in the manufacturing process.

Market Analysis by Type, Application, and Region:

  • The market, on the basis of type, is bifurcated into natural and synthetic.
  • On the basis of applications, the industry is segmented into tyres and related products, latex products, footwear, non-automotive engineering, belting and hose, and others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global polyisoprene industry is driven by the flexibility of the product to be used in food- and medical-grade products, such as surgical gloves, hospital sheeting, baby bottle nipples, milk tubing, and condoms, on account of its gum tensile strength and high purity.
  • The product is also used to manufacture hoses, tyres, matting, door and window profiles, and belts. Thereby, aiding the market growth.
  • Other factors influencing the market growth include rising disposable incomes, improving living standards, particularly in developing countries.
  • Due to ongoing innovations, the industry has been introduced to a new polyisoprene compound that exhibits properties like low needle penetration resistance and high resealability, making it an ideal option for manufacturing injection septa, further accelerating the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for polyisoprene for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, and regional markets of polyisoprene. 
  • It gives an in-depth look at the regional price trends in the global market for polyisoprene.
  • It analyses the global trade data for the global market for polyisoprene, looking into the value and volume of the significant importing as well as exporting countries.
  • The report also gives an overview of the feedstock market for the historical (2016-2020) and forecast (2021-2026) periods, looking into its application sectors and regional markets.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

PJSC Nizhnekamskneftekhim, Kuraray Europe GmbH, Shell Chemicals, Kent Elastomer Products, Inc, and ExxonMobil Chemical, among others, are the key players in the global polyisoprene market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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