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Polyisoprene Market

Global Polyisoprene Market Share, Size, Forecast: By Type: Natural, Synthetic; By Application: Tyres and Related Products, Latex Products, Footwear, Non-Automotive Engineering, Belting and Hose, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Others; Competitive Landscape; 2024-2032

Global Polyisoprene Market Outlook

The global polyisoprene market size reached a volume of almost 18.56 million tons in the year 2023. The polyisoprene market is further expected to grow at a CAGR of 5.5% between 2024 and 2032 to reach a volume of almost 30.05 million tons by 2032.

 

Polyisoprene Market

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The global polyisoprene industry is being driven by the rising demand for tyres as the demand for vehicles increases in the 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 enjoys a dominant market in China. The largest importer of synthetic polyisoprene is Poland, whereas the largest importer of natural rubber is Malaysia. The largest exporter of synthetic polyisoprene is Russia, whereas, for natural rubber, it is Thailand.

 

Polyisoprene Market by Application

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Properties and Applications

Polyisoprene is referred to as a polymer of isoprene (C5H8), naturally found in balata and gutta-percha, which offers multiple functional qualities. The polymer has several applications, such as in tyre, latex products, non-automotive engineering, footwear, belting, and hoses.

On the basis of types, the polyisoprene industry is bifurcated into:

  • Natural 
  • Synthetic

Amongst these, natural polyisoprene is a significant type, holding the majority of the total polyisoprene market share.

The polyisoprene market, on the basis of application, is divided into:

  • Tyres and Related Products
  • Latex Products
  • Footwear
  • Non-Automotive Engineering
  • Belting and Hose
  • Others

Amongst these, the product is largely used in the production of tyres and related products.

The report also covers the regional polyisoprene markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Polyisoprene Market by Region

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Market Analysis

The global polyisoprene market is driven by the extensive use of the product in food- and medical-grade products, such as surgical gloves, hospital sheeting, milk tubing, baby bottle nipples, and condoms, owing to its gum tensile strength and high purity. The polyisoprene industry is further aided by the use of the product in the manufacture of tyres, hoses, door and window profiles, matting, and belts. The demand for these products is increasing as the per capita income of the individuals is increasing, along with enhancing living standards, especially in the emerging economies.

The polyisoprene industry is further aided by the accelerating sales of automobiles, which has resulted in the demand for polyisoprene in this industry. Besides, ongoing research and development within the industry have resulted in the introduction of new polyisoprene compounds, which display properties like low needle penetration resistance and high resealability, making them an ideal option for manufacturing injection septa. Polyisoprene is further being opted as it has isoprene as its main feedstock, which ensures less risk of supply volatility, reduced issue of fluctuating supply costs, and efficient production planning.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global polyisoprene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • PJSC Nizhnekamskneftekhim
  • Kuraray Europe GmbH
  • Shell Chemicals
  • Kent Elastomer Products, Inc
  • ExxonMobil Chemical
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Natural
  • Synthetic
Breakup by Application
  • Tyres and Related Products
  • Latex Products
  • Footwear
  • Non-Automotive Engineering
  • Belting and Hose
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • PJSC Nizhnekamskneftekhim
  • Kuraray Europe GmbH
  • Shell Chemicals
  • Kent Elastomer Products, Inc
  • ExxonMobil Chemical
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7   Opportunities and Challenges in the Market
8    Global Polyisoprene Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Polyisoprene Historical Market (2018-2023) 
    8.3    Global Polyisoprene Market Forecast (2024-2032)
    8.4    Global Polyisoprene Market by Type
        8.4.1    Natural
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Synthetic
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Polyisoprene Market by Application
        8.5.1    Tyres and Related Products
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Latex Products
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Footwear
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Non-Automotive Engineering
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Belting and Hose
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Polyisoprene Market by Region
        8.6.1    North America
        8.6.2    Europe
        8.6.3    Asia Pacific
        8.6.4    Latin America
        8.6.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Market (2018-2023)
        9.3.2    Market Forecast (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Natural Polyisoprene 
        12.1.1    Major Importing Countries
            12.1.1.1    By Volume
            12.1.1.2    By Value
        12.1.2    Major Exporting Countries
            12.1.2.1    By Volume
            12.1.2.2    By Value
    12.2    Synthetic Polyisoprene 
        12.2.1    Major Importing Countries
            12.2.1.1    By Volume
            12.2.1.2    By Value
        12.2.2    Major Exporting Countries
            12.2.2.1    By Volume
            12.2.2.2    By Value
13    Price Analysis
    13.1    Natural Polyisoprene 
        13.1.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.1.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.1.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.1.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.1.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.2    Synthetic Polyisoprene 
        13.2.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.2.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.2.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.2.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.2.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14    Manufacturing Process
    14.1     Detailed Process Flow
    14.2     Operations Involved
    14.3     Mass Balance
15    Feedstock Market Analysis
    15.1    Global Isoprene Market Analysis
        15.1.1    Key Industry Highlights
        15.1.2    Global Isoprene Historical Market (2018-2023) 
        15.1.3    Global Isoprene Market Forecast (2024-2032)
        15.1.4    Global Isoprene Market by Application
        15.1.5    Global Isoprene Market by Region
            15.1.5.1    North America
            15.1.5.2    Europe
            15.1.5.3    Asia Pacific
            15.1.5.4    Latin America
            15.1.5.5    Middle East and Africa
        15.1.6    Historical Price Trends (2018-2023) and Forecast (2024-2032)
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    PJSC Nizhnekamskneftekhim
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Financial Summary
            16.2.1.5    Certifications
        16.2.2    Kuraray Europe GmbH
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Financial Summary
            16.2.2.5    Certifications
        16.2.3    Shell Chemicals
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Financial Summary
            16.2.3.5    Certifications
        16.2.4    Kent Elastomer Products, Inc
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Financial Summary
            16.2.4.5    Certifications
        16.2.5    ExxonMobil Chemical
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Financial Summary
            16.2.5.5    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Polyisoprene Market: Key Industry Highlights, 2018 and 2032
2.    Global Polyisoprene Historical Market: Breakup by Type (Million Tons), 2018-2023
3.    Global Polyisoprene Market Forecast: Breakup by Type (Million Tons), 2024-2032
4.    Global Polyisoprene Historical Market: Breakup by Application (Million Tons), 2018-2023
5.    Global Polyisoprene Market Forecast: Breakup by Application (Million Tons), 2024-2032
6.    Global Polyisoprene Historical Market: Breakup by Region (Million Tons), 2018-2023
7.    Global Polyisoprene Market Forecast: Breakup by Region (Million Tons), 2024-2032
8.    North America Polyisoprene Historical Market: Breakup by Country (Million Tons), 2018-2023
9.    North America Polyisoprene Market Forecast: Breakup by Country (Million Tons), 2024-2032
10.    Europe Polyisoprene Historical Market: Breakup by Country (Million Tons), 2018-2023
11.    Europe Polyisoprene Market Forecast: Breakup by Country (Million Tons), 2024-2032
12.    Asia Pacific Polyisoprene Historical Market: Breakup by Country (Million Tons), 2018-2023
13.    Asia Pacific Polyisoprene Market Forecast: Breakup by Country (Million Tons), 2024-2032
14.    Latin America Polyisoprene Historical Market: Breakup by Country (Million Tons), 2018-2023
15.    Latin America Polyisoprene Market Forecast: Breakup by Country (Million Tons), 2024-2032
16.    Middle East and Africa Polyisoprene Historical Market: Breakup by Country (Million Tons), 2018-2023
17.    Middle East and Africa Polyisoprene Forecast: Breakup by Country (Million Tons), 2024-2032
18.    North America Historical Price Trends and Forecast 2018-2032
19.    Europe Historical Price Trends and Forecast 2018-2032
20.    Asia Pacific Historical Price Trends and Forecast 2018-2032
21.    Latin America Historical Price Trends and Forecast 2018-2032
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
23.    Global Isoprene Market: Key Industry Highlights, 2018 and 2032
24.    Global Isoprene Historical Market: Breakup by Application (Million Tons), 2018-2023
25.    Global Isoprene Market Forecast: Breakup by Application (Million Tons), 2024-2032
26.    Global Isoprene Historical Market: Breakup by Region (Million Tons), 2018-2023
27.    Global Isoprene Market Forecast: Breakup by Region (Million Tons), 2024-2032
28.    Isoprene Historical Price Trends and Forecast 2018-2032
29.    Global Polyisoprene Market Structure

Key Questions Answered in the Report

In 2023, the global polyisoprene market attained a volume of nearly 18.56 million tons.

In the forecast period of 2024-2032, the global polyisoprene market is further expected to grow at a CAGR of 5.5%.

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 leading regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Natural and synthetic are the various types of polyisoprene in the market.

The significant applications of polyisoprene are tyre and related products, latex products, footwear, non-automotive engineering, and belting and hose, among others.

The major players in the market are PJSC Nizhnekamskneftekhim, Kuraray Europe GmbH, Shell Chemicals, Kent Elastomer Products, Inc, and ExxonMobil Chemical, among others.

Analyst Review

The global polyisoprene market attained a volume of 18.56 million tons in the year 2023, driven by the growing use of the product in food and medical-grade products. Aided by the rising R&D activities in the industry, it is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.5%. The market is projected to reach 30.05 million tons by 2032.  

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the polyisoprene market can be segmented into natural and synthetic, with the natural type accounting for the largest industry share. On the basis of application, the tyres and related products sector accounts for the leading share in the global polyisoprene market. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include PJSC Nizhnekamskneftekhim, Kuraray Europe GmbH, Shell Chemicals, Kent Elastomer Products, Inc, ExxonMobil Chemical, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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