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Isoprene rubber is an artificial elastomer made out of polymers that are synthesized from by-products of petroleum. It is a synthetic rubber that is produced using complex catalysts of stereospecific polymerization in solvents. Isoprene rubbers possess high strength, are durable and rugged, and show high resistance to abrasion and fractures. Its operating temperature ranges from -55°C to 80°C which makes it a better choice in automotive industry applications such as tire production for tread, breaker and sidewalls, driving belts etc. Other applications of isoprene rubber include hoses production, conveyor belt production, cable insulation etc. Isoprene rubber in association with other compounds finds numerous applications like rubber bands, baby bottle nipples, and in footwear, sponge and sporting goods. Isoprene rubber lacks protein and fatty substances content which is found in natural rubber. This proves to be advantageous as protein in natural rubber causes allergies in some cases. Other advantages include high resilience, hot tensile, gum tensile, low water swell, and a good tack. Moreover, it can be used for a number of applications involving operations across a wide temperature range.

The major driver of the isoprene rubber market is the expected growth and development of various segments like automotive industry, where isoprene rubber is extensively used. The automotive industry is doing well in regions such as Asia Pacific, Europe, and North America and is expected to grow considerably in the Asia Pacific region in the near future. Also, rising industrialization in emerging economies such as India and China is the major driver which is anticipated to drive the market for isoprene rubber during the forecast period. Isoprene rubber has several disadvantages like low permeability to gases, poor resistance against acid, fuel, oil, steam etc. and are not recommended for applications involving food contact, due to which there is a demand for its substitutes. Chloroprene rubber, neoprene rubber, and vulcanized rubber are some alternatives which can overcome the limitations of isoprene rubber. These can be used as substitutes to isoprene rubber. The rubber industry is continuously seeing innovations. The most recent innovation in the industry is liquid rubber with farnesene, a product obtained by fermentation of sugarcane. It is well known as LFR. LFRs are used to manufacture tires that provide better grip on ice and can work well in low temperatures compared to conventional tires currently being used in the industry.

Geographically, the market for isoprene rubber can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & African. The market is anticipated to be dominated by Asia Pacific, where continuous industrial development is expected. Need for better medical facilities is expected to drive the growth of the market in Asia Pacific and Africa.

Key players in the market include Kraton Corporation, Zeon Corporation, JSR Corporation, Kuraray Co. Ltd., Goodyear Chemical Ltd., Sibur etc.

The market for isoprene rubber is expected to continue to grow owing to the growth of industries like automotive, medical, mechanical etc. that are its huge consumers. Moreover, the market is expected to grow due to industrial developments, and need for better medical facilities, both in the developing and developed nations of the world.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Isoprene Rubber Market