Industry

Isoprene Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Type (Polymer Grade, Chemical Grade); Application (Polyisoprene, Styrene-Isoprene-Styrene (SIS), Isobutylene-Isoprene Rubber (IIR), Others); End-Use Industry (Tires, Adhesives, Non-Tire, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Code : 

TIPRE00004674

No. of Pages : 150
Published Month : Apr 2024
Category : Chemicals and Materials

The Isoprene Market is expected to register a CAGR of 6.9% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by grade (polymer grade and chemical grade). The report is further segmented by production method (petroleum-based and bio-based). The report is segmented by application (polyisoprene, isoprene monomer, styrene isoprene styrene (SIS), isoprene rubber (IR), isobutylene isoprene rubber (IIR), and others). The report further presents an analysis based on the end-use industry (tire manufacturing, automotive, medical devices, construction, footwear, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Isoprene Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Isoprene Market Segmentation

Grade

  • Polymer Grade
  • Chemical Grade

Production Method

  • Petroleum-Based
  • Bio-Based

Isoprene Market Growth Drivers

  • Demand for Synthetic Rubber in Automotive: Rapid growth in the global market for isoprene is the growing interest in synthetic rubber, especially in the car and construction industries. Isoprene is among the principal raw materials that are used in the manufacturing of synthetic rubbers like polyisoprene and SBR, or styrene-butadiene rubber. Increasing vehicle output all over the world and subsequent increases in demand for tires and other automobile parts are naturally influencing the growth in isoprene demand.
  • Isoprene Demand with Rising Tire Production and Vehicle Output: Automotive is still a highly significant consumer of synthetic rubber produced from isoprene. The global automotive market, in particular in developing economies like Asia-Pacific, remains on a roll and keeps gaining speed. Demand for isoprene continues to rise because of the incessant demand from the tire industry to manufacture tires using synthetic rubber. Vehicle registrations continue to climb, and, more significantly, investments in infrastructure across the world, especially in developing markets, boost the consumption of synthetic rubber in the tire industry.
  • Technological Advancements: Advancements in isoprene production technologies, especially bio-based isoprene from renewable sources such as sugarcane and biomass, are pushing the market increasingly. These bio-based alternatives are regarded as more sustainable and environmentally friendly compared with traditional fossil-based isoprene. Rapid push toward greener and more sustainable manufacturing practice presents a sound driver for the market.

Isoprene Market Future Trends

  • A Sustainable Alternative to Fossil Fuel-Derived Isoprene: The shift toward bio-based isoprene - particularly production from renewable sources rather than fossil fuel, which is materializing in the isoprene market of late. It represents a strategy deployed by companies like Braskem and Kraton Polymers to position themselves with the yet-growing demand for sustainability and low-carbon footprint.
  • Electric Vehicles Driving Changes in Synthetic Rubber Demand and Future Market Trends: Electric vehicles (EV) have also been a growth driver, although traditional cars have been the primary drivers of demand for synthetic rubber. Because EVs use special tires and even special parts requiring synthetic rubber, the demand could further change based on future designs or technologies in those sectors. The global electric vehicle industry is still on the rise, and manufacturers are updating their production lines according to what would be required for this growing industry.
  • Strategic Alliances and Mergers in the Isoprene Market: Companies involved in the isoprene chain are now entering strategic alliances and joint ventures as well as mergers to expand capacities and tap into new markets. Collaboration between bio-based isoprene producers with traditional chemical companies can allow for more efficient production and distribution networks. The development of greener alternatives without sacrificing scale and efficiency is eased by collaboration between petrochemical and renewable energy companies.

Isoprene Market Opportunities

  • Emerging Markets Fuel Growth in Isoprene Demand: The rapid industrialization in emerging markets, especially Asia-Pacific, Latin America, and Africa, is believed to hold tremendous growth opportunities for the isoprene market. High infrastructure development, automotive production, and consumer demands on the products of footwear, electronics, and medical devices drive the demand for synthetic rubber, which opens up new opportunities for market players.
  • Green and Sustainable Bio-based Isoprene: Environmental concerns are picking up at an increasing pace, and hence, the need for green, sustainable, bio-based products is accelerating. Firms that could successfully produce and market bio-based isoprene or develop alternatives to environment-friendly alternatives are clearly positioned to grab the market. This will be a good opportunity to capture market share for firms investing in green technology and alternative raw material sources.
  • Isoprene’s Expanding Role in Specialized Applications in Adhesives, Electronics, and Medical Devices: With new opportunities filling isoprene in specific specialized application areas such as the production of adhesives, resins, and more advanced material compounds for use in electronics and packaging applications as well as in medical devices, it serves as a high-demand driver for the new products based on isoprene. This opens new markets to specialize polymers and chemicals.

Isoprene Market Regional Insights

The regional trends and factors influencing the Isoprene Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Isoprene Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

  • Get the Regional Specific Data for Isoprene Market

Isoprene Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 6.9%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Grade
  • Polymer Grade
  • Chemical Grade
By Production Method
  • Petroleum-Based
  • Bio-Based
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • SIBUR Holding
  • Kuraray Co Ltd
  • JSR Corp
  • Goodyear Tire and Rubber Co
  • Royal Dutch Shell Plc
  • LyondellBasell Industries NV
  • ExxonMobil Corp
  • ZEON Corp
  • Kraton Corp

  • Isoprene Market Players Density: Understanding Its Impact on Business Dynamics

    The Isoprene Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Isoprene Market are:

    1. SIBUR Holding
    2. Kuraray Co Ltd
    3. JSR Corp
    4. Goodyear Tire and Rubber Co
    5. Royal Dutch Shell Plc

    Disclaimer: The companies listed above are not ranked in any particular order.



    • Get the Isoprene Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Isoprene Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Isoprene Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

    The List of Companies

    1.JSR Corporation
    2.Kuraray Co., Ltd.
    3.Lotte Chemical Corporation
    4.LyondellBasell Industries Holdings B.V.
    5.PJSC Nizhnekamskneftekhim
    6.Shell International B.V.
    7.SIBUR International GmbH
    8.Sinopec Corp.
    9.The Goodyear Tire and Rubber Company
    10.Zeon Corporation
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    Frequently Asked Questions

    What is the future trend for isoprene market?

    Shift toward bio-based and renewable isoprene is expected to be the key market trend.

    What are the deliverable formats of the isoprene market?

    The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

    Which regions are covered in the report?

    On the basis of geography, the isoprene market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America

    What are the driving factors impacting the isoprene market?

    The major factors driving the isoprene market are: 1. Rising Demand for Synthetic Rubber. 2. Technological Advancements in Isoprene Production.

    What are the key players operating in the isoprene market?

    SIBUR Holding, Kuraray Co Ltd, JSR Corp, Goodyear Tire and Rubber Co, Royal Dutch Shell Plc, LyondellBasell Industries NV, ExxonMobil Corp, ZEON Corp, Kraton Corp, and Nizhnekamskneftekhim

    What is the expected CAGR of the Isoprene Market?

    The Isoprene Market is estimated to witness a CAGR of 6.9% from 2023 to 2031