Polyisoprene Market to Exceed 20 Million Tons by 2024
According to the recent study by IMARC Group, titled “Global Polyisoprene Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a volume of 14.8 Million Tons in 2018, registering a CAGR of around 3% during 2011-2018. Polyisoprene refers to a polymer of isoprene (C5H8) which is naturally found in balata and gutta-percha. It can be synthetically produced by the polymerization of 2-methyl-1,3-butadiene with a Ziegler-Natta catalyst. Polyisoprene elastomers closely resemble natural rubber in properties as well as molecular structure. They can undergo elastic deformation under stress and return to their previous size without affecting the original form. As these elastomers are inexpensive and fatigue resistant in nature, they find applications in the production of latex products, footwear, non-automotive engineered products, rubber springs, adhesives and coatings.
Browse full report with TOC: https://www.imarcgroup.com/polyisoprene-technical-material-market-report
Due to its high purity and gum tensile strength, polyisoprene is widely used in food- and medical-grade products, including hospital sheeting, milk tubing, surgical gloves, baby bottle nipples and condoms. Moreover, polyisoprene is employed in the automotive industry for manufacturing tires, door and window profiles, hoses, matting, and belts. Elevating income levels have escalated the sales of automobiles which, in turn, have propelled the demand for polyisoprene in this industry. Apart from this, continuous research and development have led to the introduction of new polyisoprene compounds which exhibit properties such as low needle penetration resistance and high resealability, making them suitable for manufacturing injection septa. Further, as isoprene is the main feedstock used for making polyisoprene, its reliable supply reduces the risk of supply volatility, minimizes the issue of fluctuating supply costs and helps in efficient production planning. Looking forward, the market is projected to reach a volume of 20.2 Million Tons by 2024, expanding at a CAGR of 5.6% during 2019-2024.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/polyisoprene-technical-material-market-report/requestsample
Market Breakup by Type
Market Breakup by Application
Tires and Related Products
Belting and Hose
Market Breakup by Region
Browse similar reports by IMARC Group
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.