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Global isoprene rubber market size is anticipated to exceed USD xx Mn by 2025, which is growing at a CAGR of x.x% during the forecast period. Isoprene rubber market is predicted to grow significantly on account of higher demand arriving from medical industry and the trend will maintain its consistency over the forecast period. Escalated application scope in tire manufacturing industry, gloves and balloon industry due to the high elongation and high tensile strength is anticipated to drive market growth. Besides that, isoprene rubber is replacing natural rubber in various applications owing to the identical properties and molecular structure.
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On the basis of end-use industries, isoprene rubber industry has segmentation which is inclusive of cable insulation, medical, tire manufacturing, driving belts and conveyor belts and niche applications including consumer and footwear products. Medical industry has been the largest consumer for isoprene rubber over the past few years with the requirement in glove and balloon application. Isoprene rubber is required immensely in tire industry for the manufacture of tread, break, sidewalls and carcass. Additionally, propelling demand for isoprene in manufacturing of driving and conveyor belts is expected to fuel its market growth in the forthcoming years.
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