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Global Isoprene Rubber Latex Market 2019 includes Attractiveness and Raw Material Analysis and Competitor Position Grid Analysis to 2025

Fior Markets launched a study titled “Global Isoprene Rubber Latex Market by Application (Medical Gloves, Medical Balloons & Catheters, Adhesives, Others), End User, Regions”,and Global Forecast 2018-2025.

The isoprene rubber latex market is expected to grow from USD 217.42 Million in 2017 to USD 378.94 Million by 2025, at a CAGR of 7.19% during the forecast period from 2018-2025. Growing demand for the medical isoprene rubber latex gloves are anticipated to drive the market growth.

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Medical gloves segment had a market value of USD 125.69 million in 2017

Application segment is divided into medical gloves, medical balloons and catheters, condoms, adhesives and others.Adoption of improved healthcare standards in developing economies around the world and rising awareness among people pertaining personal hygiene and safetyare driving the demand for the medical gloves. Thus medical gloves segment emerged as the leader in global isoprene latex market with USD 125.69 million in 2017. Increasingglobal emphasis on reducing population growth rate and spread of sexually transmitted disease are the factors that areanticipated to propel condoms segment to grow at a steady pace.

Industrial segment is expected to grow at a CAGR of 9.24% in 2018-2025

End user is segmented into medical, consumer goods and industrial. On account of risinguse of isoprene rubber latex in the production of medical supplies such as gloves, balloons and catheters, medical segment emerged as the largest segment in global isoprene rubber latex market with USD 135.86 million revenue in 2017.Industrial segment is projected to grow at the highest CAGR of 9.24% over the forecast period. This increase in growth can be attributed to growing utilization of isoprene rubber latex in the production of personal protective equipment and industrial products such as seals, gaskets and conveyor belts.

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Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa.Improvement in healthcare standards as well as growth of medical tourism industry coupled with rapid industrialization were the factors that led Asia Pacific region emerge as the largest market for isoprene rubber latex market with USD 105.68 million revenue in 2017. North America also contributed a healthy market share owing to its well-developed healthcare and industrial sector.

Competitive Analysis:

Major players in the global isoprene rubber latexmarket are Kraton Corporation, JSR Corporation, Kuraray Co., Ltd., PuyangLinshi Chemical & New Material Co., Ltd., Kent Elastomers, Zeon, Elastomer Inc, Ansell Limited, Dipped Products Plc, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Top Glove Corporation Bhd, Rubberex Corporation (M) Bhd., Johnson Wilshire Inc., Protective Industrial Products, Inc., Smart Glove Corporation Sdn. Bhd., Southern Glove among others.

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