Isoprene Market analysis research and trends report for 2019 - 2025

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Isoprene Market Growth Outlook with Industry
Review and Forecast 2019-2025
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Global Market Scenario of Isoprene Industry

• Isoprene market is segmented by grade type which
  includes chemical grade and polymer grade. Rise
  in favorable trends in global tire industry such
  as growing demand for high performance tires in
  passenger car segment, shall drive the product
  demand.
• The overall market is categorized into various
  applications such as polyisoprene, isoprene
  rubber (IR), styrene-isoprene-styrene (SIS) and
  others. Polyisoprene is one of the major segments
  owing to its large application base in tire
  manufacturing. Styrene-isoprene-styrene shall
  witness strong growth rate due to disappearing
  technical barriers.
• Market segmentation based on the basis of end use
  industry is bifurcated into natural synthetic
  rubber, adhesives sealants and others. Natural
  synthetic rubber attained the largest industry
  share in 2018 and is likely witness similar
  trends during the forecast period.
• Isoprene Market size is expected to see
  noticeable growth owing to rising demand of
  synthetic and natural rubber from growing
  automobile and footwear industry in coming years.
  Isoprene or 2-methyl-1,3-butadiene, is a volatile
  colorless liquid, naturally produced and emitted
  by several animals and trees. The product can be
  obtained industrially as a byproduct in the
  production of ethylene.

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• Regional Trends-
• North America is one of the major consumers of
  isoprene market due to prevalence of multiple
  automobile manufactures in the region. The region
  shall witness modest growth in the product demand
  due to steadily rising automotive sector.
• Furthermore, product shall witness tremendous
  growth in Asia Pacific owing to growing economies
  and end-user industries in India and China.
  Europe also attained a substantial chunk of the
  total industry share in 2018.
• This is attributed to the presence of strong
  automobile and adhesives sealants industry.
  Health care industry growth in Latin America
  shall drive the product demand in the coming
  years. Middle East Africa shall have steady
  growth rate during the forecast period.

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• Competitive Trends
• Key product manufacturers in the isoprene market
  are Royal Dutch Shell PLC., Kraton Corporation,
  Kuraray Co., JSR Corporation, Precision Dippings
  Manufacturing Ltd., Amyris Inc., Zeon Corporation
  and Exxon Mobil Corporation. Acquisitions
  mergers and expansion of capacity are some of the
  strategies manufactures incorporate to increase
  the market share and growth rate.
• For instance, Kraton Corporation acquired Arizona
  Chemical Holdings Corporation in 2016 and Kraton
  opened 30 kiloton hydrogenated styrenic block
  copolymer (HSBC) plant in Mailiao, Taiwan in
  2017.

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