Isoprene Market report provides various information strategies adopted by market players including recent collaborations, new product launches, merger and acquisitions, are provided in the report in detail. Economic trends and other insightful updates are provided for this niche market in order to present an image of the market. Leading manufacturers like Braskem , KURARAY , LyondellBasell Industries Holdings are adopting various strategies in order to gain a strong foothold in the Isoprene market and this will bode well for the market in the long run. According to the research Isoprene Market was valued at USD XX.XX Billion in 2019 and is expected to reach USD 946.9 million by year 2023, at a CAGR of 7.47%.
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About IsopreneIsoprene is a common organic compound. In its pure form, it is a colorless volatile liquid. Isoprene is produced by many plants, and its polymers are the main components of natural rubber. The tire industry is one of the key end-user industries for isoprene rubber (IR). An upsurge in natural rubber prices has impelled the tire manufacturers to substitute it with synthetic rubber. IR is one of the least expensive substitutes for natural rubber. Synthetic rubber is used to enhance the tensile strengths, thereby increasing the tire quality. Synthetic rubber also offers advantages in durability and rolling resistance. In developed countries, IR loadings are particularly high in tires driven by quality control and necessary performance requirements for high-performance tires.Our Research analysts forecast the global isoprene market to grow at a CAGR of 7.47% during the period 2019-2023
Market driver
Market challenge
Market trend
Porter’s five forces analysis included in the report educates the buyer on the current situations along with anticipated future Isoprene market size.
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The report splits the global Isoprene market intothe Americas, Asia-Pacific, Europe, the Middle East, and Africa Region. The Isoprene Market report provides a detailed analysis of the key players in the market which provides a company overview,financial overview, service offering, different strategies used by them, and comprehensive SWOT analysis of –
Braskem , KURARAY , LyondellBasell Industries Holdings , Royal Dutch Shell , SIBUR, The Goodyear Tire and Rubber Company
The CAGR of each segment in the Isoprene market along with the global market (as a whole) is explained with great ease. Also, global and regional Isoprene market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.
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