Global Isoprene Rubber Latex Market Forecast to cross USD 335.1 MN by 2026
Posted On January 22, 2020
As per this report published by Value Market Research on the Global Isoprene Rubber Latex Market, the market was valued close to USD 216.1 MN in 2019 and is anticipated to reach USD 335.1 MN by 2026 with a CAGR of 7.2% in the forecasted period from 2020 to 2026. The growth in the demand for safety and hygiene from hospitals, clinics and other such healthcare facilities is a major driver towards the growth of the global isoprene rubber latex market. As a result of its excellent elongation properties, high strength and softness, isoprene rubber are used in the production of condoms. Moreover, the rise in the number of sexually transmitted diseases has led to the high demand for protection during sexual intercourse which in turn has acted as fuel towards the progress of the global isoprene rubber latex market.
Isoprene rubber is a manmade or synthetically manufactured rubber with properties that are similar to natural rubber. It is a soft rubber that has good purity, high strength and better elongation capacity. Isoprene is mainly used for healthcare facilities owing to its wide use in medical gloves, balloons and catheters. Besides, isoprene rubber latex is also highly resistant to fractures and abrasion.
The report “Global Isoprene Rubber Latex Market Report By Application (Medical Gloves, Medical Balloons & Catheters, Condoms And Adhesives), By End-User (Medical, Consumer Goods And Industrial) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the growth, trends, forecast of the global isoprene rubber latex market and also gives an in-depth outlook on the competitive landscape of the market. The study with its robust primary and secondary research focuses on the emerging opportunities and is useful to understand the growth curve the market will follow in the next 6 years.
By application, medical gloves, medical balloons & catheters, condoms and adhesives are the segments of the global isoprene rubber latex market. Medical gloves account for the largest share due to enhanced awareness regarding hygiene in the healthcare domain. Condom is also one of the largest applications due to high adolesence awareness, and higher protection against unplanned pregnancy and dieseases.
By end-user, medical, consumer goods and industrial are the classifications provided for the global rubber latex market as per the report. Medical usage of isoprene rubber latex is highest as it is widely used in the healthcare domain due to its high elasticity and high resistance to abrasion.
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa have been given as the regional segments of the global isoprene rubber latex market. Asia Pacific dominates the market as it houses highly populated countries, leading to high demand of medical products made of isoprene rubber latex.The report also further focuses on demand for the individual application segments in all the above regions.
The Report Segments Global Isoprene Rubber Latex Market -
- Medical Gloves
- Medical Balloons & Catheters
- Consumer Goods
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
JSR Corporation, Kent Elastomers, Kraton Corporation, Kuraray Co., Ltd. and Puyang Linshi Chemical & New Material Co., Ltd.
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