Global Polyisoprene Market Outlook to 2028

Polyisoprene is a group of mixtures that are synthetic polymers produced by polymerizing petroleum-derived raw materials also, a polymer of isoprene is found in the latex of Hevea Brasiliensis trees and is identified as natural rubber. According to the report, the global Polyisoprene market is expected to witness a significant growth rate during the forecasted period. Factors such as its growing demand for tires and automotive are the most effective application to drive the global polyisoprene market in the forecasted period. Further, the use of medical elastomers for making gloves and other personal protective equipment is expected to drive the global Polyisoprene market in the forecasted period. Furthermore, Polyisoprene is becoming a perfect substitute for natural rubber in the medical sector due to its flexible and light tensile strength. It acts as a fueling factor for the market in the forecasted period. However, factors like strict government regulations regarding the use of plastic, environmental hazards regarding the disposal of polymers, the lack of elasticity, and the availability of substitutes will restrain the Global Polyisoprene market in the forecasted period.

Polyisoprene is used to manufacture a wide range of products such as tires & automotive, rubber bands, cut thread, and bottle nipples. Natural Gutta-percha & synthetic trans 14-Polyisoprene were used for golf balls. Other important uses include medical/health applications such as gloves, Sealants & adhesives.

The growth in the end-user industries is expected to be the major driving factor for the development of the Polyisoprene elastomers market. The tires and automotive industries are the most dominant consumer of Polyisoprene globally and are determined to drive the future market. Polyisoprene is an identical monomer of isoprene, which is found in the latex of the hevea brasiliens and in trees and is called natural rubber. It is primarily synthesized from isoprene monomer, and it is worn in manufacturing tires, latex products, footwear, non-automotive engineering products, belting, and hoses. Polyisoprene rubber blended with other ingredients, like oils, fillers, cross-linking agents, and antioxidants, has outstanding strength, provides good fatigue resistance and is an excellent compression set. In addition, Polyisoprene is waterproof, provides a large stretch ratio, and has high resilience, which is predicted to fuel its demand over the forecast period. The synthetic elastomer can be mass-produced with a superficial level of branching, high molecular weight, and relatively narrower molecular weight distribution, contributing to softer heat build-up than natural rubber. Due to this, specific grades of Polyisoprene are used as an alternative to natural rubber in the trade of high service tires (truck, aircraft, off the road) without sacrificing abrasion resistance, groove cracking, rib tearing, cold flex properties, or weathering resistance. The significant demand for fuel efficiency and eco-friendly tires is driving the tire industry and, in turn, the need for isoprene in the end-use industry. Due to its Polyisoprene's high purity and the high gum (unfilled) tensile strength of its compound, it is widely used in medical goods and food items. These include baby bottle nipples, milk tubing, & hospital sheeting.

The Asia Pacific region is stabilized be the ruler in the global production and then the subsequent consumption of Polyisoprene, with most of the consumption in the populated areas and countries. The high requirement for Polyisoprene for vehicles in China has gradually increased the demand for manufacturing tires. In addition, the consumption of poly isomers elastomers is growing in emerging such as China and India due to speedy economic growth and urbanization. The rising demand of end-use sectors in the automotive segment simultaneously upgrades automobiles to improve energy efficiency. Polyisoprene is used in various applications, including conveyor belts, tires, hoses, molded rubber, springs, bearings, drive couplings, adhesives, and anti-vibration mounts. As Polyisoprene is chemically related to natural rubber, it competes with it in most applications. Polyisoprene material has the added advantage of comfort and protection compared to genuine gloves. The surging product usage in the healthcare, coatings, and adhesive sectors is awaited to stimulate polyisoprene demand for latex production for medical gloves. This is owing the fact that isoprene-based latex presents good tear strength and tear resistance. However, synthetic rubber gloves are best for the health care sector due to their non-allergic specific and are expected to expand the global Polyisoprene market significantly. Therefore, the price of natural rubber determines the demand for Polyisoprene in that region. The extensive utilization of Polyisoprene products in the healthcare sector provides the catalyst for market growth. Due to the coronavirus disease increase, the usage of medical gloves to minimize the spread of the virus drives the Polyisoprene market. Polyisoprene offers various benefits over natural rubber, such as higher tensile and shear strength, which has produced in the utilization of Polyisoprene in safety footwear and hoses used in the oil & gas, construction steel, and chemical manufacturing industries. The oil and gas sector has observe a rising demand for natural gas due to carbon footprints created by petrol & diesel-powered vehicles. The increasing investment and exploration activities for natural gas and steel manufacturing are expected to boost the market growth over the forecast period.

Major global players in the industry were ZEON Corporation, Kent Elastomers Products Inc., Kraton Performance Polymers, Goodyear Chemical, JSR Corporation, Asahi Kasei Corporation, and China Petroleum & Chemical Corporation (CNPC), Others.

In August 2020, Cariflex Pte. Ltd announced that it would be constructing a new large-scale Polyisoprene latex plant at Paulinia, Brazil.

The global Polyisoprene Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Polyisoprene market by segmenting based on the Order Type (Lithium Catalytic, Titanium Catalytic, Rare Earth Catalytic), Product (12 - Polyisoprene, trans14 Polyisoprene, cis-14- Polyisoprene, 34 Polyisoprene), application (tires, and related Products, Latex Products, footwear, Non- Automotive Engineering, Adhesive and Sealants, Construction, Belting and Hose, others), end-use (Latex Products, Consumer goods, Industrial) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report evaluates the market drivers and restraints and the impact of COVID-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

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