Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Isoprene Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Isoprene Market Grow Between 2024 and 2025?
The isoprene market has experienced significant growth lately. In 2024, the market was valued at $3.36 billion and is projected to increase to $3.59 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 6.7%.
How Much Will the Isoprene Market Be Worth in 2029?
The isoprene market is predicted to expand to $4.96 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 8.4%.
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Which Isoprene Market Drivers Are Linked to Revenue Growth?
The key Drivers in the isoprene market are:
• Escalating demand for the rubber industry
• Wide applicability of isoprene in various industrial sectors
• Intense use of isoprene in synthetic rubber production
• Constant rise in global exports of rubber and rubber products
Which Segments Are Expected to Grow in the Isoprene Market?
The isoprenemarket covered in this report is segmented –
1) By Type: Polymer Grade, Chemical Grade
2) By Application: Polyisoprene (IR), Styrene-Isoprene-styrene (SIS), Isobutylene-Isoprene rubber (IIR), Other Applications
3) By End-Use: Tires, Non-tires, Adhesives, Other End-Uses
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What Are The Key Trends Impacting Growth In The Global Isoprene Market?
The key trends in the isoprene market are:
• The focus on sustainable production methods is a significant emerging trend in the isoprene industry.
• Major market players are heavily investing in innovation and new technologies.
• Partnerships are becoming increasingly popular to develop sustainable production technologies.
• The use of recycling technologies for isoprene production is on the rise.
Who Are the Key Competitors in the Global Isoprene Market?
The key players in the isoprene market are:
• Nizhnekamskneftekhim
• SIBUR International GmbH
• The Goodyear Tire & Rubber Company
• Royal Dutch Shell PLC
• Kuraray Co. Ltd.
• ZEON Corporation
• LyondellBasell Industries N.V.
• JSR Corporation
• Braskem S.A
• Finetech Industry Ltd.
• Fortrec Chemicals & Petroleum Pte Ltd.
• Haihang Industry Co. Ltd.
• China Petrochemical Corporation
• Dow Inc.
• Pon Pure Chemicals Group
• ExxonMobil Corporation
• Shandong Yuhuang Chemical Group Co. Ltd.
• Sinopec Corp.
• Chevron Phillips Chemical Company LLC
• LOTTE Chemical Corporation
• Kraton Corporation
• Jilin Zhongxin Chemical Group Co. Ltd.
• Nanjing Chemical Material Corporation
• TPC Group Inc.
• Formosa Plastics Corporation
• INEOS Group Holdings S.A.
• LG Chem Ltd.
• Repsol S.A.
• Evonik Industries AG
• Zibo Qixiang Petrochemical Industry Group Co. Ltd.
Where Is the Isoprene Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the isoprene market share in 2024 and is expected to be the fastest-growing region in the forecast period
