An isoprene is a form of synthetic rubber, which possesses unique properties such as natural rubber. On the back of these resembling properties, the isoprene rubber is finding application in numerous end-use industries. The industries are increasingly demanding for the high-quality isoprene rubber for applications such as automotive mounts, adhesives, shock absorbers, healthcare items, coatings, and sporting goods.
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What trends are affecting positively on the revenue of the global isoprene rubber market?
Isoprene rubber market is gaining traction due to booming demand from the automotive industry. In addition, isoprene rubber is increasingly used for the manufacturing gloves and other rubber equipment used in the healthcare industry. A growing number of surgeries and other healthcare processes are boosting the growth of the global isoprene rubber market.
In addition, isoprene is the bio-based rubber with the capability of using low-cost sugars primarily manufactured from biomass. This material provides the green material such as styrene copolymer to be used as a green adhesive. Growing trend of using green rubber across numerous industries is boosting adoption of isoprene rubber and propelling the growth of the global isoprene rubber market.
Which is the key consuming region for the isoprene rubber?
Among North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa, the Asia Pacific is dominating the market owing to high demand from the developing countries such as China and India. Among these, China is major consumer country of the isoprene rubber. This growth is attributable to the boom in the automotive manufacturing especially in the developing countries of Asia Pacific. However, North America and Europe are witnessing demand owing to the booming growth of the healthcare sector in both regions.
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Some of the key players operating in the global isoprene rubber market are Kaixin, JSR, Lanzhou Xinlan, Sinopec, and Zibo Luhua Hongjin.