According to a new report, published by KBV research, The Global Isoprene Market size is expected to reach $7.8 billion by 2030, rising at a market growth of 7.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,691.4 Kilo Tonnes, experiencing a growth of 6.2% (2019-2022).
The Polymer Grade segment is leading the Global Isoprene Market, By Grade in 2022; thereby, achieving a market value of $4.7 billion by 2030. Polymer-grade isoprene is a crucial component in the production of synthetic rubber, particularly polyisoprene. This synthetic rubber exhibits properties like natural rubber and is used in various applications, including tire manufacturing, conveyor belts, seals, and other rubber products. Polymer-grade isoprene is instrumental in the development of high-performance polymers with enhanced properties. These advanced polymers find applications in aerospace, electronics, and other sectors that require materials with superior mechanical and thermal characteristics.
The Industrial Rubber segment is registering a CAGR of 8.2% during (2023 - 2030). Industrial rubber products are predominantly made from synthetic rubber, and isoprene is a crucial monomer in the production of synthetic rubber. The growth of the industrial rubber sector translates to a higher demand for synthetic rubber, which, in turn, drives the demand for isoprene. Industrial rubber products are extensively used in construction, infrastructure projects, and building applications. Examples include rubber seals, gaskets, conveyor belts, and various hoses. The growth of the construction and infrastructure sectors increases the demand for these rubber products and, consequently, for isoprene.
The Asia Pacific region dominated the Global Isoprene Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.3 billion by 2030. The Europe region is anticipating a CAGR of 6.7% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 6.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/isoprene-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Shell plc, LyondellBasell Industries Holdings B.V., Kuraray Co., Ltd., Exxon Mobil Corporation, Shandong Baomo Biochemical Co., Ltd., Braskem SE (Odebrecht S.A), Chevron Phillips Chemical Company LLC, Pon Pure Chemicals Group (Pure Chemicals Co), China Petrochemical Corporation (Sinopec Group), and The Dow Chemical Company.
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
