Global Polyisoprene Market Share, Demand, Size, Trends and Outlook by 2027
IMARC Group, a leading market research company, has recently releases report titled “Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global polyisoprene market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the polyisoprene market?
The global polyisoprene market size reached 17.3 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 25.5 Million Tons by 2027, exhibiting a growth rate (CAGR) of 6.44% during 2022-2027.
What is polyisoprene?
Polyisoprene (C5H8) refers to inexpensive elastomers that can be extracted naturally from the latex of the Hevea brasiliens is tree or industrially through the polymerization of isoprene monomer. It exhibits various properties, including weather resistance, resilience, better tack, and high hot and gum tensile strength, on account of which it is extensively being utilized for manufacturing tires, belts, hoses, and various other latex products. At present, polyisoprene is commercially available in varying types, such as natural and synthetic.
Global Polyisoprene Market Trends and Drivers:
The widespread adoption of polyisoprene across the medical industry to produce catheters, surgical gloves, and medical balloons is currently driving the market growth. Polyisoprenes possess high-tearing strength that inhibits the transmission of viruses, which has further impelled their adoption during the ongoing coronavirus disease (COVID-19) pandemic. In line with this, extensive utilization of polyisoprene in the healthcare sector for formulating effective contraceptives to avoid the risks of contracting sexually transmitted diseases (STDs) due to the increasing health awareness amongst consumers is propelling the market growth. Apart from this, rising investments in the research and development (R&D) activities and strategic collaborations amongst key players for exploring new procedures to engineer synthetic rubber are further contributing to the market growth.
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Polyisoprene Market 2022-2027 Competitive Analysis and Segmentation:
Key Market Segmentation:
The report has segmented the global polyisoprene market on the basis of application and region.
Breakup by Application:
- Tires and Related Products
- Latex Products
- Footwear
- Non-Automotive Engineering
- Belting and Hose
- Others
Breakup by Region:
- China
- India
- United States
- Japan
- Thailand
- Others
Explore Full Report Description At: https://www.imarcgroup.com/polyisoprene-technical-material-market-report
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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