Isoprene Monomer Market, by Grade Type (Chemical Grade and Polymer Grade), by Application (Polyisoprene, Isoprene Rubber (IR), Styrene-Isoprene-Styrene (SIS), and Others), by End-use Industry (Adhesives & Sealants, Natural & Synthetic Rubber, and Others), and by Region – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

  • To Be Published : Jun 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Isoprene or 2- methylbuta-1, 3-diene is a colorless volatile liquid that is produced by plants and is employed in the manufacture of various copolymers such as styrene, isobutylene, butadiene, and others. Isoprene monomer is widely used in the production of synthetic rubber called as polyisoprene. It is also used in the manufacturing of conveyer belt, sponge, electric wire and cable, medical and sports equipment, and others, which is expected to drive market growth.

Market Dynamics

Increasing demand for natural and synthetic rubber, owing to increasing automotive industry is driving growth of isoprene monomer market. According to the Association of Natural Rubber Producing Countries (ANRPC), the world consumption of natural rubber is 5.822 million tones, which increased by 6.2% during the period of January 2018 to May 2018.

Also, with increasing demand for personal vehicles and extensive economic growth, the tire and tire components industry is expected to emerge as the largest end-use industry for natural rubber in 2017, thereby fueling growth of isoprene monomer market. According to the International Organization of Motor Vehicle Manufacturers (OICA), the motor vehicle production in Europe was 21.49 billion in 2016, which increased up to 22.16 billion in 2017.

However, isoprene is carcinogenic to humans, which is restraining growth of isoprene monomer market. Isoprene is classified as hazardous under the globally Harmonized System on Classification and Labeling (GHS), owing to its high flammable property, which is in turn negatively impacting the isoprene monomer market growth.

Market Trends

Among application, polyisoprene segment is expected to witness significant growth in the near future, owing to increasing demand for isoprene rubber in tire industry. According to People’s Government of Jilin Province, the growth rate of isoprene rubber was 3.1% during 2010-2015.

The adhesives and sealants end-use industry segment is expected to show significant growth in the global isoprene monomer market over the forecast period. This is attributed to surging demand for isoprene monomer in automobile and construction industry.

According to the India Brand Equity Foundation (IBEF), the Indian construction industry is expected to grow to a value of US$ 5 billion by 2020.

Moreover, due to stringent government regulations on VOC emissions, end-use industries are opting for alternatives to organic solvents. For instance, SIKA AG introduced a new-generation adhesive called SikaBond AT-75 for wood floor bonding, meeting highest EHS regulation. This is expected to be a major challenge for growth of adhesive and sealants end-use industry segment over the forecast period.

Key manufacturers are focusing on launching new products and plant expansion to expand their product portfolio and to cater to increasing consumer demand. For instance, in September 2013, Ansell launched an array of products in Touch n Tuff product line, which includes polyisoprene gloves for workers in aseptic environment.

Market Outlook

North America holds a significant position in the global isoprene monomer market, owing to rising demand for tire in automotive industry. According to the U.S. International Trade Administration (ITA), U.S. is the second largest market for vehicle production and sales in the world. In 2017, the sales value of light vehicles was 17.1 million units in the U.S.

Asia Pacific is expected to be the fastest growing region in the global isoprene monomer market over the forecast period. Asia Pacific is a lucrative market for natural rubber, primarily driven by the strong performance of automobile industry in the region. The rise in number of personal vehicles and transit of consumer goods, people and raw material has boosted automobile industry. According to the China Association of Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers (SIAM), sales of cars in China stood at 28.03 million in 2016 and was 3 million in India.

Key Players

Some of the leading players operating in the global isoprene monomer market include Kraton Corporation, Royal Dutch Shell Plc., JSR Corporation, Kuraray Co., Ltd, Amyris, Inc., Precision Dippings Manufacturing Ltd., Exxon Mobil Corporation, and Zeon Corporation.

Isoprene Monomer Market

On the basis of grade type, the global isoprene monomer market is segmented into:

  • Chemical Grade
  • Polymer Grade

On the basis of application, the global isoprene monomer market is segmented into:

  • Polyisoprene
  • Isoprene Rubber (IR)
  • Styrene-Isoprene-Styrene (SIS)
  • Others (Co-block Polymers)

On the basis of end-use industry, the global isoprene monomer market is segmented into:

  • Adhesives and Sealants
  • Natural and Synthetic Rubber
  • Others (Epoxy Resin Hardening Agents)

On the basis of region, the global isoprene monomer market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.