Polyisoprene Market: Current Analysis and Forecast (2021-2027)

$3999$7577

Emphasis on Application (Tires and Tire Products, Industrial Goods, Medical, Footwear, Adhesives, and Others); and Region/Country

Published:

Jan-2022

Pages:

219

Table:

48

Figure:

119

Report ID:

UMCH21655

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Polyisoprene Market
Polyisoprene Market


The global polyisoprene market is expected to showcase a growth of around 4% during the forecast period (2021-2027).
Polyisoprene elastomers is a synthetic polymer which closely resembles molecular structure and properties of natural rubber, as a result it is commonly used in places where application of natural rubber is found. Thereby, market performance of polyisoprene depends on natural rubber supply and price. Other factors which determine the demand of polyisoprene are industry usage habits and isoprene cost. Currently, tire industry is among the largest consumer of polyisoprene. Due to lower heat buildup compared to natural rubber and easy blending with styrene-butadiene rubber to achieve superior performance, it is preferred by the tire industry as an alternative to natural rubber.

However, in 2020, demand of synthetic rubber including polyisoprene from tire industry witnessed a severe decline owing to the emergency like situation created by the COVID-19 which halted the global production of tire industry. For instance, in 2019, the global original equipment manufacturer passenger car and light truck tire market was stood around 422 million units which fell to 351 million unit in 2020. The most severe impact had witnessed in South American region where demand dropped by 31% in 2020.

Insights Presented in the Report

“Amongst application, tires and tire products held prominent share in the market in 2020.”

Based on application, the market is categorized into tires and tire products, industrial goods, medical, footwear, adhesives, and others. Among these, tires and tire products held the prominent share in the market and is expected to retain its position during the forecast period. Due to large base of automobiles, limited average life of tires, and recovering automobile sectors are some of the key attributable factors which are increasing the demand of synthetic rubber. Since polyisoprene is used along with styrene-butadiene rubber in order to improve the tire performance, therefore with increasing tire demand, demand of polyisoprene would also grow

“Europe captured significant position in the Polyisoprene market”

For a better understanding of the market adoption of Polyisoprene, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World.  Europe held the considerable share in the global Polyisoprene market owing to establish automobile industry, increasing adoption of electric vehicle, established oil & gas industry, Further, growth in construction sector in countries like Germany, is increasing demand of rubber products

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry

Customization Options:

The global polyisoprene market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.   Market Definitions
1.2.   Limitation
1.3.   Stake Holders
1.4.   Currency used in Report
2.1.   Research Process of the Polyisoprene Market
2.2.   Research Methodology of the Polyisoprene Market
2.3.   Forecasting Method
2.4.   Respondent Profile
2.5.   Main Objective of the Polyisoprene Market Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5.       GLOBAL POLYISOPRENE MARKET COVID-19 IMPACT
6.       GLOBAL POLYISOPRENE MARKET REVENUE (USD MN), 2019-2027F
7.1.   Tires and Tire Products
7.2.   Industrial Goods
7.3.   Medical
7.4.   Footwear
7.5.   Adhesives
7.6.   Others
8.1.   North America Polyisoprene Market 
8.1.1.United States
8.1.2.Canada
8.1.3.Rest of North America
8.2.   Europe Polyisoprene Market 
8.2.1.Germany
8.2.2.France
8.2.3.United Kingdom
8.2.4.Spain
8.2.5.Russia
8.2.6.Rest of Europe
8.3.   Asia Pacific Polyisoprene Market
8.3.1.China
8.3.2.Japan
8.3.3.India
8.3.4.Australia
8.3.5.Rest of Asia Pacific
8.4.   Rest of World Polyisoprene Market 
9.1.   Market Drivers
9.2.   Market Challenges
9.3.   Impact Analysis
10.   POLYISOPRENE MARKET OPPORTUNITIES
11.   POLYISOPRENE MARKET TRENDS
12.   LEGAL & REGULATORY FRAMEWORK
13.1.                     Demand Side Analysis
13.2.                     Supply Side Analysis
13.2.1.    Top Product Launches
13.2.2.    Top Business Partnerships
13.2.3.    Top Business Expansions, Investments and Divestitures
13.2.4.    Top Merger and Acquisitions
14.   VALUE CHAIN ANALYSIS
15.1.                     Competitive Landscape
15.1.1.    Porters Fiver Forces Analysis
15.1.1.1.          Bargaining Power of Buyer
15.1.1.2.          Bargaining Power of Supplier
15.1.1.3.          Intensity of Rivalry
15.1.1.4.          Threats of New Entrant
15.1.1.5.          Threat of Substitute
15.1.2.    Company Shares, by Revenue
16.1.                     Zeon Corporation
16.2.                     JSR Corporation
16.3.                     PJSC Nizhnekamskneftekhim
16.4.                     The Goodyear Tire & Rubber Company
16.5.                     Kent Elastomers Products Inc.
16.6.                     Sinopec Shanghai Petrochemical Company Limited 
16.7.                     Shandong Yuhuang Chemical Co. Ltd.
16.8.                     Huizhou Daya Bay Ecisco New Material Technical Corporation
16.9.                     Yeochun NCC Co. Ltd.
16.10.                  Lotte Chemical Corporation
17.   DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Polyisoprene three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Polyisoprene industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Polyisoprene through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Polyisoprene market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segment included in the report by application. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Polyisoprene globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Polyisoprene. Further, we conducted factor analysis using dependent and independent variables such as increasing demand of tire and increasing adoption of electric vehicle. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the Polyisoprene industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Polyisoprene market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Polyisoprene across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Polyisoprene market. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Polyisoprene Market
Polyisoprene Market

 

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Polyisoprene market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of application.

The main objective of the Polyisoprene market study

The current & future market trends of global Polyisoprene were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Polyisoprene in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include area of production method, grade, and application
  • Defined analysis of the regulatory framework for the Polyisoprene industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Polyisoprene for the major countries
  • Major regions/countries analyzed in the report includes North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Russia, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Polyisoprene market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country level analysis of the industry