Market by Grade, Usability, End-user, and Country Outlook | Forecast 2023-2030
Triton’s report indicates that the Asia-Pacific isoprene market is estimated to progress in revenue and volume with a CAGR of 7.92% and 5.42%, respectively, during the forecast period 2023-2030.
The
countries examined in the studied region include:
•
China
•
Japan
•
South Korea
•
India
•
Malaysia
•
ASEAN Countries
•
Rest of Asia-Pacific
The Asia-Pacific isoprene market is expected to experience significant
growth, mainly owing to increased sales of passenger vehicles and a strong
automotive manufacturing base in China, Japan, and India. Moreover, elevating
high healthcare expenses and increasing investments in public and private
health systems are anticipated to fuel the adoption of isoprene in the medical
sector, thereby driving the market.
China holds the highest share in the region’s
market in terms of revenue.
The Chinese market is primarily driven by expansion in the automotive and
synthetic rubber industries. The synthetic rubber sector consists of numerous
local small-to-medium-sized players, with many Tier-1 players opting to acquire
or collaborate with local rubber manufacturers. China ranks among the world’s
largest consumers of synthetic rubber, with the industry witnessing a 3.4%
growth in 2022. Moreover, as per the International Trade Administration, China
remains the world’s largest automobile market in terms of both annual sales and
manufacturing output. Domestic automobile production is projected to reach 35
million units by 2025.
Chemical-grade isoprene is a clear, colorless liquid comprising 98.0%
isoprene. Unlike natural rubber, it lacks non-rubber components such as
proteins and fatty acids. This isoprene grade is non-explosive and insoluble in
water but dissolves readily in alcohol and aromatic solvents. Although not
biodegradable, it poses no harm to the environment. Its suitability for various
applications, including rubber bands, tires, elastic cables, belts, adhesives,
and footwear, lies in its ability to reduce mastication and mixing time. The market’s growth is assessed based on
grade, end-user, and usability. The grade segment includes chemical and
polymer grades.
The major firms in the market include Kuraray Co
Ltd, Chevron Phillips Chemical Company LLC, Braskem, Exxon Mobil Corporation,
and China Petrochemical Corporation (Sinopec).
China Petrochemical Corporation is one of the largest integrated energy
and chemical companies. It is the second-largest oil and gas producer in China
and the second-largest chemical enterprise globally. It operates through
various segments, such as refining, research and development, marketing and
distribution, chemicals, etc. In this regard, the chemicals segment purchases
feedstock from the refining division, which is later employed to produce,
market, and distribute chemical products. With a wide range of products and
services, the company’s operations cover more than 70 countries globally. It is
headquartered in Beijing.
Key
deliverables of the report:
●
Market CAGR during the forecasting years 2023-2030
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the isoprene market
revenue growth in the Asia-Pacific and its influence on the parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the APAC
isoprene market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
ISOPRENE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
HISTORY
2.2. IMPACT
ANALYSIS ON THE ISOPRENE MARKET
2.2.1. COVID-19
IMPACT
2.2.2. UKRAINE-RUSSIA
WAR IMPACT
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
MATURITY ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW MATERIAL
SUPPLIERS
2.5.2. MANUFACTURERS
2.5.3. DISTRIBUTORS
2.5.4. APPLICATION
2.5.5. END-USER
2.6. REGULATORY
FRAMEWORK
2.7. KEY
BUYING IMPACT ANALYSIS
2.7.1. ELASTICITY
2.7.2. TENSILE
STRENGTH
2.7.3. ABRASION
RESISTANCE
2.7.4. PURITY
2.8. KEY
MARKET STRATEGIES
2.8.1. COLLABORATIONS
2.8.2. PRODUCT
LAUNCHES
2.8.3. MERGERS
& ACQUISITIONS
2.8.4. BUSINESS
EXPANSIONS
2.9. MARKET
DRIVERS
2.9.1. INCREASING
TIRE DEMAND IN THE AUTOMOTIVE INDUSTRY
2.9.2. SIGNIFICANT
DEMAND IN THE RUBBER SECTOR
2.9.3. DEMAND
AND APPLICATIONS OF POLYISOPRENE RUBBER IN THE MEDICAL INDUSTRY
2.10. MARKET
CHALLENGES
2.10.1. FLUCTUATIONS
IN RAW MATERIAL PRICES
2.10.2. REGULATIONS
IN THE RUBBER MANUFACTURING INDUSTRY
2.11. MARKET
OPPORTUNITIES
2.11.1. EMERGENCE
OF BIO-BASED ISOPRENE
2.11.2. GROWTH
IN THE FOOTWEAR INDUSTRY
2.11.3. SIGNIFICANT
RESEARCH AND DEVELOPMENT ACTIVITIES
2.12. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
ISOPRENE MARKET – BY GRADE
3.1. POLYMER
GRADE
3.2. CHEMICAL
GRADE
4. ASIA-PACIFIC
ISOPRENE MARKET – BY USABILITY
4.1. POLYISOPRENE
4.2. STYRENE-ISOPRENE
STYRENE
4.3. ISOBUTYLENE-ISOPRENE
RUBBER
4.4. OTHER
USABILITY
5. ASIA-PACIFIC
ISOPRENE MARKET – BY END-USER
5.1. TIRES
5.2. NON-TIRES/INDUSTRIAL
RUBBER
5.3. ADHESIVES
5.4. OTHER
END-USERS
6. ASIA-PACIFIC
ISOPRENE MARKET – BY COUNTRY OUTLOOK
6.1. COUNTRY
ANALYSIS
6.1.1. CHINA
6.1.1.1. CHINA
ISOPRENE MARKET FORECAST & PROSPECTS
6.1.2. JAPAN
6.1.2.1. JAPAN
ISOPRENE MARKET FORECAST & PROSPECTS
6.1.3. INDIA
6.1.3.1. INDIA
ISOPRENE MARKET FORECAST & PROSPECTS
6.1.4. SOUTH
KOREA
6.1.4.1. SOUTH
KOREA ISOPRENE MARKET FORECAST & PROSPECTS
6.1.5. ASEAN
COUNTRIES
6.1.5.1. ASEAN
COUNTRIES ISOPRENE MARKET FORECAST & PROSPECTS
6.1.6. MALAYSIA
6.1.6.1. MALAYSIA
ISOPRENE MARKET FORECAST & PROSPECTS
6.1.7. REST
OF ASIA-PACIFIC
6.1.7.1. REST
OF ASIA-PACIFIC ISOPRENE MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. SHELL
PLC
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGES
7.2. LYONDELLBASELL
INDUSTRIES HOLDINGS BV
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGES
7.3. KURARAY
CO LTD
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. CHEVRON
PHILLIPS CHEMICAL COMPANY LLC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGES
7.5. BRASKEM
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. EXXON MOBIL
CORPORATION
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGES
7.7. CHINA
PETROCHEMICAL CORPORATION (SINOPEC)
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGES
7.8. THE
GOODYEAR TIRE AND RUBBER COMPANY
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. THE
DOW CHEMICAL COMPANY
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. JSR
CORPORATION
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE
1: ASIA-PACIFIC ISOPRENE MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
2: ASIA-PACIFIC ISOPRENE MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: LIST OF COLLABORATIONS
TABLE
5: LIST OF PRODUCT LAUNCHES
TABLE
6: LIST OF MERGERS & ACQUISITIONS
TABLE
7: LIST OF BUSINESS EXPANSIONS
TABLE
8: ASIA-PACIFIC ISOPRENE MARKET, BY
GRADE, 2023-2030 (IN $ MILLION)
TABLE
9: ASIA-PACIFIC ISOPRENE MARKET, BY
GRADE, 2023-2030 (IN KILOTON)
TABLE
10: ASIA-PACIFIC ISOPRENE MARKET, BY
USABILITY, 2023-2030 (IN $ MILLION)
TABLE
11: ASIA-PACIFIC ISOPRENE MARKET, BY
USABILITY, 2023-2030 (IN KILOTON)
TABLE
12: ASIA-PACIFIC ISOPRENE MARKET, BY
END-USER, 2023-2030 (IN $ MILLION)
TABLE
13: ASIA-PACIFIC ISOPRENE MARKET, BY
END-USER, 2023-2030 (IN KILOTON)
TABLE
14: ASIA-PACIFIC ISOPRENE MARKET, BY COUNTRY
OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
15: ASIA-PACIFIC ISOPRENE MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)
FIGURE
1: MARKET MATURITY ANALYSIS
FIGURE
2: INDUSTRY COMPONENTS
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: ASIA-PACIFIC ISOPRENE MARKET, BY
GRADE, 2022 & 2030 (IN %)
FIGURE
5: ASIA-PACIFIC ISOPRENE MARKET, BY
POLYMER GRADE, 2023-2030 (IN $ MILLION)
FIGURE
6: ASIA-PACIFIC ISOPRENE MARKET, BY
POLYMER GRADE, 2023-2030 (IN KILOTON)
FIGURE
7: ASIA-PACIFIC ISOPRENE MARKET, BY
CHEMICAL GRADE, 2023-2030 (IN $ MILLION)
FIGURE
8: ASIA-PACIFIC ISOPRENE MARKET, BY
CHEMICAL GRADE, 2023-2030 (IN KILOTON)
FIGURE
9: ASIA-PACIFIC ISOPRENE MARKET, BY
USABILITY, 2022 & 2030 (IN %)
FIGURE
10: ASIA-PACIFIC ISOPRENE MARKET, BY POLYISOPRENE,
2023-2030 (IN $ MILLION)
FIGURE
11: ASIA-PACIFIC ISOPRENE MARKET, BY
POLYISOPRENE, 2023-2030 (IN KILOTON)
FIGURE
12: ASIA-PACIFIC ISOPRENE MARKET, BY
STYRENE-ISOPRENE STYRENE, 2023-2030 (IN $ MILLION)
FIGURE
13: ASIA-PACIFIC ISOPRENE MARKET, BY
STYRENE-ISOPRENE STYRENE, 2023-2030 (IN KILOTON)
FIGURE
14: ASIA-PACIFIC ISOPRENE MARKET, BY
ISOBUTYLENE-ISOPRENE RUBBER, 2023-2030 (IN $ MILLION)
FIGURE
15: ASIA-PACIFIC ISOPRENE MARKET, BY
ISOBUTYLENE-ISOPRENE RUBBER, 2023-2030 (IN KILOTON)
FIGURE
16: ASIA-PACIFIC ISOPRENE MARKET, BY
OTHER USABILITY, 2023-2030 (IN $ MILLION)
FIGURE
17: ASIA-PACIFIC ISOPRENE MARKET, BY
OTHER USABILITY, 2023-2030 (IN KILOTON)
FIGURE
18: ASIA-PACIFIC ISOPRENE MARKET, BY
END-USER, 2022 & 2030 (IN %)
FIGURE
19: ASIA-PACIFIC ISOPRENE MARKET, BY
TIRES, 2023-2030 (IN $ MILLION)
FIGURE
20: ASIA-PACIFIC ISOPRENE MARKET, BY
TIRES, 2023-2030 (IN KILOTON)
FIGURE
21: ASIA-PACIFIC ISOPRENE MARKET, BY
NON-TIRES/INDUSTRIAL RUBBER, 2023-2030 (IN $ MILLION)
FIGURE
22: ASIA-PACIFIC ISOPRENE MARKET, BY
NON-TIRES/INDUSTRIAL RUBBER, 2023-2030 (IN KILOTON)
FIGURE
23: ASIA-PACIFIC ISOPRENE MARKET, BY
ADHESIVES, 2023-2030 (IN $ MILLION)
FIGURE
24: ASIA-PACIFIC ISOPRENE MARKET, BY
ADHESIVES, 2023-2030 (IN KILOTON)
FIGURE
25: ASIA-PACIFIC ISOPRENE MARKET, BY
OTHER END-USERS, 2023-2030 (IN $ MILLION)
FIGURE
26: ASIA-PACIFIC ISOPRENE MARKET, BY
OTHER END-USERS, 2023-2030 (IN KILOTON)
FIGURE
27: ASIA-PACIFIC ISOPRENE MARKET, BY COUNTRY
OUTLOOK, 2022 & 2030 (IN %)
FIGURE
28: CHINA ISOPRENE MARKET 2023-2030 (IN
$ MILLION)
FIGURE
29: CHINA ISOPRENE MARKET 2023-2030 (IN
KILOTON)
FIGURE
30: JAPAN ISOPRENE MARKET 2023-2030 (IN
$ MILLION)
FIGURE
31: JAPAN ISOPRENE MARKET 2023-2030 (IN
KILOTON)
FIGURE
32: INDIA ISOPRENE MARKET 2023-2030 (IN
$ MILLION)
FIGURE
33: INDIA ISOPRENE MARKET 2023-2030 (IN
KILOTON)
FIGURE
34: SOUTH KOREA ISOPRENE MARKET
2023-2030 (IN $ MILLION)
FIGURE
35: SOUTH KOREA ISOPRENE MARKET
2023-2030 (IN KILOTON)
FIGURE
36: ASEAN COUNTRIES ISOPRENE MARKET 2023-2030
(IN $ MILLION)
FIGURE
37: ASEAN COUNTRIES ISOPRENE MARKET
2023-2030 (IN KILOTON)
FIGURE
38: MALAYSIA ISOPRENE MARKET 2023-2030
(IN $ MILLION)
FIGURE
39: MALAYSIA ISOPRENE MARKET 2023-2030
(IN KILOTON)
FIGURE
40: REST OF ASIA-PACIFIC ISOPRENE MARKET
2023-2030 (IN $ MILLION)
FIGURE
41: REST OF ASIA-PACIFIC ISOPRENE MARKET
2023-2030 (IN KILOTON)