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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.
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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.
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