Global Polyisoprene
Market Report
2025
The global Polyisoprene market size will be USD 23514.6 million in 2024. The growing demand for elastomers in the automotive, industrial, footwear, and medical industries is expected to boost sales to USD 35357.3 million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Polyisoprene market size will be USD 23514.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Polyisoprene Market Sales Revenue | 121212 | $ 23514.6 Million | 121212 | 121212 | 121212 | 6% |
North America Polyisoprene Market Sales Revenue | 121212 | $ 9405.84 Million | 121212 | 121212 | 121212 | 4.2% |
Mexico Polyisoprene Market Sales Revenue | 121212 | $ 855.93 Million | 121212 | 121212 | 121212 | 4.7% |
Canada Polyisoprene Market Sales Revenue | 121212 | $ 1128.7 Million | 121212 | 121212 | 121212 | 5% |
United States Polyisoprene Market Sales Revenue | 121212 | $ 7421.21 Million | 121212 | 121212 | 121212 | 4% |
Europe Polyisoprene Market Sales Revenue | 121212 | $ 7054.38 Million | 121212 | 121212 | 121212 | 4.5% |
Germany Polyisoprene Market Sales Revenue | 121212 | $ 1396.77 Million | 121212 | 121212 | 121212 | 4.7% |
France Polyisoprene Market Sales Revenue | 121212 | $ 649 Million | 121212 | 121212 | 121212 | 3.7% |
Spain Polyisoprene Market Sales Revenue | 121212 | $ 578.46 Million | 121212 | 121212 | 121212 | 3.6% |
United Kingdom Polyisoprene Market Sales Revenue | 121212 | $ 1185.14 Million | 121212 | 121212 | 121212 | 5.3% |
Russia Polyisoprene Market Sales Revenue | 121212 | $ 1093.43 Million | 121212 | 121212 | 121212 | 3.5% |
Italy Polyisoprene Market Sales Revenue | 121212 | $ 606.68 Million | 121212 | 121212 | 121212 | 3.9% |
Rest of Europe Polyisoprene Market Sales Revenue | 121212 | $ 1093.43 Million | 121212 | 121212 | 121212 | 3.2% |
Asia Pacific Polyisoprene Market Sales Revenue | 121212 | $ 5408.36 Million | 121212 | 121212 | 121212 | 8% |
India Polyisoprene Market Sales Revenue | 121212 | $ 649 Million | 121212 | 121212 | 121212 | 9.8% |
Korea Polyisoprene Market Sales Revenue | 121212 | $ 540.84 Million | 121212 | 121212 | 121212 | 7.1% |
Japan Polyisoprene Market Sales Revenue | 121212 | $ 746.35 Million | 121212 | 121212 | 121212 | 6.5% |
China Polyisoprene Market Sales Revenue | 121212 | $ 2433.76 Million | 121212 | 121212 | 121212 | 7.5% |
Australia Polyisoprene Market Sales Revenue | 121212 | $ 281.23 Million | 121212 | 121212 | 121212 | 7.7% |
Rest of APAC Polyisoprene Market Sales Revenue | 121212 | $ 383.99 Million | 121212 | 121212 | 121212 | 7.8% |
South America Polyisoprene Market Sales Revenue | 121212 | $ 1175.73 Million | 121212 | 121212 | 121212 | 5.4% |
Argentina Polyisoprene Market Sales Revenue | 121212 | $ 197.52 Million | 121212 | 121212 | 121212 | 6.3% |
Brazil Polyisoprene Market Sales Revenue | 121212 | $ 503.21 Million | 121212 | 121212 | 121212 | 6% |
Chile Polyisoprene Market Sales Revenue | 121212 | $ 84.65 Million | 121212 | 121212 | 121212 | 5.7% |
Peru Polyisoprene Market Sales Revenue | 121212 | $ 96.41 Million | 121212 | 121212 | 121212 | 5.6% |
Colombia Polyisoprene Market Sales Revenue | 121212 | $ 104.64 Million | 121212 | 121212 | 121212 | 5.2% |
Rest of South America Polyisoprene Market Sales Revenue | 121212 | $ 189.29 Million | 121212 | 121212 | 121212 | 4.5% |
Middle East and Africa Polyisoprene Market Sales Revenue | 121212 | $ 470.29 Million | 121212 | 121212 | 121212 | 5.7% |
Egypt Polyisoprene Market Sales Revenue | 121212 | $ 49.38 Million | 121212 | 121212 | 121212 | 6% |
Turkey Polyisoprene Market Sales Revenue | 121212 | $ 40.45 Million | 121212 | 121212 | 121212 | 5.2% |
Rest of MEA Polyisoprene Market Sales Revenue | 121212 | $ 55.49 Million | 121212 | 121212 | 121212 | 4.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Application Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Polyisoprene industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Polyisoprene Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Polyisoprene is a synthetic rubber with exceptional properties. It's created by linking together multiple isoprene molecules. This polymer is prized for its elasticity, durability, and flexibility. These qualities make it a versatile material with applications in various industries. The polyisoprene market is experiencing significant growth due to its versatile properties and increasing demand across various industries. For instance, the rubber used in tires often contains polyisoprene due to its ability to absorb shock and provide excellent grip. In the medical field, its biocompatibility makes it ideal for products like gloves and catheters. Additionally, polyisoprene's adhesive properties find use in construction, automotive, and other industrial applications.
The Polyisoprene market has experienced growth due to increased tire production. The escalating demand for polyisoprene is directly linked to the booming automotive sector. As more people purchase vehicles worldwide, tire production has surged to meet this increased demand. According to ACEA, in 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021. (Source https://www.acea.auto/figure/world-motor-vehicle-production/). Polyisoprene, a key component in tire manufacturing, is essential for providing the necessary elasticity, durability, and resilience. Moreover, the shift towards larger vehicles, such as SUVs and trucks, and the emergence of electric vehicles have placed additional pressure on tire performance. Polyisoprene's unique properties make it an ideal material for these specialized tires. Consequently, the continued expansion of the automotive industry is a primary driver of increased polyisoprene consumption.
The Polyisoprene market has witnessed steady growth, driven by rising medical applications. Polyisoprene is gaining prominence in the medical device industry due to its unique properties. Its biocompatibility, elasticity, and durability make it an ideal material for a range of medical applications. The increasing demand for medical devices, fueled by factors such as an aging population and advancements in healthcare, has created a robust market for polyisoprene. Products like gloves, catheters, and surgical equipment require materials that are gentle on the skin, flexible, and long-lasting. Polyisoprene excels in meeting these criteria. As the healthcare sector continues to evolve, the demand for innovative and high-performance materials like polyisoprene is expected to rise.
The polyisoprene industry faces significant challenges due to the unpredictable nature of raw material costs. Isoprene, the primary component in polyisoprene production, exhibits price fluctuations that can significantly impact manufacturers' profitability. When isoprene prices rise, it squeezes profit margins, forcing manufacturers to either absorb the increased costs or pass them on to consumers, potentially affecting demand. Conversely, when isoprene prices decline, it can lead to intense competition and reduced profitability. This price volatility creates a complex operating environment for polyisoprene producers, hindering long-term planning and investment. To mitigate these challenges, industry players must implement effective strategies to manage raw material costs and mitigate their impact on overall business performance.
The COVID-19 pandemic severely disrupted the polyisoprene market. Supply chains were crippled by lockdowns and restrictions, hindering production. The automotive industry, a major consumer, experienced a sharp decline in demand, impacting polyisoprene consumption. Conversely, the medical sector thrived, boosting demand for medical-grade polyisoprene due to the surge in PPE production. Since then, the industry has adapted. Supply chains have become more resilient through diversification and inventory management. While the automotive market recovered, albeit slowly, polyisoprene producers expanded into new sectors to reduce reliance on a single industry. A growing emphasis on sustainability has also influenced the market, with increased interest in eco-friendly alternatives.
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The competitive landscape of the Polyisoprene market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established rubber manufacturers, specialized Polyisoprene companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
August 2024: The United States Medical Glove Company (USMGC) announced the acquisition of a polyisoprene chemical factory. The Harvard, Illinois-based firm claims that with the purchase, it will be the only Made-in-America maker of both nitrile and polyisoprene gloves. (Source: https://www.mddionline.com/equipment/usmgc-set-to-acquire-polyisoprene-chemical-facility) July 2022: South Korea's DL Chemical Co., a company of the DL Group, will invest 500 billion won ($384 million) in Singapore to establish the world's biggest polyisoprene rubber latex facility. The plant, which will be erected on 6 hectares of land on Jurong Island in Singapore, will also be Singapore's first polyisoprene latex factory. (Source: https://www.kedglobal.com/petrochemicals/newsView/ked202207280019 July 2022: Cariflex Pte. Ltd. (Cariflex), the global market leader in polyisoprene rubber latex for medical end markets, broke ground today on a 6.1-hectare property in Jurong Island, Singapore. Cariflex will build the world's largest and Singapore's first polyisoprene latex factory in this location. Driven by a strong commitment to better serve its worldwide clients in medical and consumer products, this investment represents Cariflex's greatest capacity expansion to date. (Source: https://www.mddionline.com/equipment/usmgc-set-to-acquire-polyisoprene-chemical-facility)
Top Companies Market Share in Polyisoprene Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's robust automotive industry and growing healthcare sector. The increasing emphasis on environmentally friendly products also plays a significant role in market dynamics.
Asia Pacific stands out as the fastest-growing region in the Polyisoprene market due to the region's rapid industrialization and urbanization, leading to a surge in vehicle ownership. Additionally, several global tire manufacturers have established production facilities in the region to capitalize on the growing market. This boosts the demand for raw materials like polyisoprene.
The current report Scope analyzes Polyisoprene Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Polyisoprene market size was estimated at USD 23514.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9405.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
According to Cognitive Market Research, the global Polyisoprene market size was estimated at USD 23514.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7054.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
According to Cognitive Market Research, the global Polyisoprene market size was estimated at USD 23514.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5408.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
According to Cognitive Market Research, the global Polyisoprene market size was estimated at USD 23514.6 Million, out of which Latin America held the market share of around 5.4% of the global revenue with a market size of USD 1175.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. .
According to Cognitive Market Research, the global Polyisoprene market size was estimated at USD 23514.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 742.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Global Polyisoprene Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Polyisoprene Industry growth. Polyisoprene market has been segmented with the help of its Type Outlook:, Application Outlook: , and others. Polyisoprene market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Polyisoprene Market?
According to Cognitive Market Research, natural rubber stands out as the dominant category over the projected period. Natural rubber, a form of polyisoprene, offers distinct advantages. Its exceptional elasticity, superior shock absorption, and natural tackiness make it a prized material across various industries. While synthetic alternatives have gained ground, natural rubber remains irreplaceable in applications demanding high resilience, flexibility, and grip. From tires and rubber bands to medical gloves and adhesives, its unique properties continue to be valued.
Synthetic rubber emerges as the fastest-growing category in the Polyisoprene market. Its versatility, consistent quality, and often lower production costs compared to natural rubber make it the preferred choice for numerous applications. The ability to precisely control the properties of synthetic polyisoprene during manufacturing processes provides manufacturers with greater flexibility to meet specific product requirements. While natural rubber still holds its niche, the overall market is largely captured by its synthetic counterpart due to its reliability and cost-effectiveness.
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According to Cognitive Market Research, the dominant category is tires and related products. The tire industry has been the cornerstone of the polyisoprene market. Its unique properties, such as elasticity and shock absorption, make polyisoprene an indispensable component in tire manufacturing. The burgeoning automotive sector has significantly driven demand for polyisoprene as tire production has surged to meet the growing number of vehicles on the road. While other applications are expanding, the tire industry remains the dominant consumer of polyisoprene.
The fastest-growing category in the Polyisoprene market is non-automotive engineering. Beyond the automotive sector, polyisoprene is making significant inroads into various engineering applications. Its exceptional properties, such as elasticity, durability, and resistance to environmental factors, make it an increasingly sought-after material in construction, industrial machinery, and consumer goods. From sealing buildings to powering industrial equipment, polyisoprene’s versatility is driving market expansion beyond the traditional tire industry.
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Conclusion
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Disclaimer:
Type Outlook: | Natural Rubber, Synthetic Rubber |
Application Outlook: | Tires & Related Products, Belt & Hose, Latex, Footwear, Non-Automotive Engineering, Others |
List of Competitors | Zeon Corp., JSR Corp., PJSC Nizhnekamskneftekhim, The Goodyear Tire & Rubber Company, Kuraray Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Polyisoprene. Further deep in this chapter, you will be able to review Global Polyisoprene Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Polyisoprene. Further deep in this chapter, you will be able to review North America Polyisoprene Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Polyisoprene. Further deep in this chapter, you will be able to review Europe Polyisoprene Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Polyisoprene. Further deep in this chapter, you will be able to review Asia Pacific Polyisoprene Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Polyisoprene. Further deep in this chapter, you will be able to review South America Polyisoprene Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Polyisoprene. Further deep in this chapter, you will be able to review Middle East and Africa Polyisoprene Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Polyisoprene. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Polyisoprene market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Natural Rubber have a significant impact on Polyisoprene market? |
What are the key factors affecting the Natural Rubber and Synthetic Rubber of Polyisoprene Market? |
What is the CAGR/Growth Rate of Tires & Related Products during the forecast period? |
By type, which segment accounted for largest share of the global Polyisoprene Market? |
Which region is expected to dominate the global Polyisoprene Market within the forecast period? |
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Additional Qualitative Data |
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