Isoprene Monomer Market By Grade (Chemical and Polymer), By Application (Polyisoprene, Isoprene Rubber (IR), Styrene-Isoprene-Styrene (SIS), and Others (Co-block Polymers)), By End-Use Industry (Adhesives and Sealants, Natural and Synthetic Rubber, and Others) and By Region - Trends, Analysis and Forecast till 2030

Isoprene Monomer Market accounted for USD 2.49 Billion in 2020 and is estimated to be USD 4.22 Billion by 2030 and is anticipated to register a CAGR of 5.5%.

Isoprene (2-methyl-1,3-butadiene) is the monomer of natural rubber and a building block for many natural compounds. Isoprene is an unsaturated hydrocarbon. Isoprene is commonly found as a colorless volatile liquid. Isoprene is produced by plants and is used in manufacture of different copolymers. Styrene and isobutylene are widely produced by use of isoprene. Commercially isoprene is widely used in production of synthetic rubber. It is also used in manufacture of medical and sports equipment, and electric wires and cables. It is obtained in processing petroleum or coal tar and used as a chemical raw material. Isoprenoids are lipids derived from isoprene molecules that have many physiological roles and a variety of commercial applications. Isoprene is the building block of essential natural molecules called terpenoids. These molecules form aerosols that scattering is enhanced at short wavelengths, which is where the blue color comes from.

Rising usage of rubbers

Rising demand for natural and synthetic rubbers from automotive industries coupled with increasing adoption of personal vehicles for transport are major factors driving growth of the market currently. Rising construction and automotive sector are fueling the growth of the target market. Increasing need for automotives will also create demand for sealants and adhesives, augmenting growth of the target market. Increasing demand of safe sports equipment also drives the growth of the target market.

However, isoprene is hazardous to human health which is a major factor limiting direct contact and in-turn restricting market growth.

Isoprene monomer market is segmented based on grade, application, end-use industry, and region.

The grade segment includes chemical and polymer. Further the global market is segmented by application, which includes polyisoprene, isoprene rubber, styrene-isoprene-styrene, and others. On the basis of end-use industry, the  isoprene monomer market has been segmented into adhesives and sealants, natural and synthetic rubber, and others.

Regional Insights:

The isoprene monomer market accounted for US$ 2.49 billion in 2020 and is estimated to be US$ 4.22 billion by 2030 and is anticipated to register a CAGR of 5.5%. On region the isoprene monomer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to account for major revenue share as compared to that of other regions. This can be attributed to growing demand for isoprene monomers from the automotive industries in countries in the region. Also, the market in Europe is expected to account for second-highest revenue share in the global market, followed by the market in Asia Pacific. Moreover, the market in Asia Pacific is projected to witness significant growth over the forecast period. This is due to rapid industrialization coupled with rising demand from the automotive industries in emerging economies in the region. 

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the isoprene monomer market report based on grade, application, end-use industry, and region.

Isoprene Monomer Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the isoprene monomer market includes Kraton Corporation, Royal Dutch Shell Plc., JSR Corporation, Kuraray Co., Ltd, Amyris, Inc., Precision Dippings Manufacturing Ltd., Exxon Mobil Corporation, and Zeon Corporation.

• Kraton Corporation
• Royal Dutch Shell Plc.
• JSR Corporation
• Kuraray Co., Ltd
• Amyris, Inc.
• Precision Dippings Manufacturing Ltd.,
• Exxon Mobil Corporation
• Zeon Corporation.