Market Research Report
Isoprene Market by Type (Polymer grade, Chemical grade), Application (Polyisoprene, Styrene isoprene styrene, Isobutyl isoprene rubber), End-Use Industry (Tires, Non-tires, Adhesives), and Region - Global Forecast to 2021
|Published by||MarketsandMarkets||Product code||490497|
|Published||Content info||164 Pages
|Isoprene Market by Type (Polymer grade, Chemical grade), Application (Polyisoprene, Styrene isoprene styrene, Isobutyl isoprene rubber), End-Use Industry (Tires, Non-tires, Adhesives), and Region - Global Forecast to 2021|
|Published: April 17, 2017||Content info: 164 Pages||
In China, biological products include: bacterial vaccines (containing toxoid), viral vaccines, antitoxin and antiserum, blood products, cytokine, growth factors, enzyme, in vivo and in vitro diagnostic products, and other biological active preparations.
According to CRI, fast economic growth and residents' increasing income have pushed up people's medical expenses. China's biological products market outperforms the global average. In China, the market size exceeded CNY 130 billion in 2016, but its share in the pharmaceutical market was less than 10%, far below that in developed countries.
In the Thirteenth Five-Year Plan (2016-2020), biotechnological pharmaceuticals, new vaccines, new cell therapy preparations and other innovative pharmaceuticals were listed among the priorities of the biomedicine industry. It is expected that in the next few years, biotechnological advances and favorable policies will facilitate fast growth of the biological product industry.
In this report, CRI analyzes 38 biological products manufacturers listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
The isoprene market is projected to reach USD 2.96 billion by 2021, at a CAGR of 7.4% from 2016 to 2021. Isoprene is a colorless volatile liquid obtained by thermal cracking of naphtha and other petrochemicals. Isoprene either alone or in combination with other compounds is primarily used to make polymeric materials. There has been a growing demand of isoprene from end-use industries, such as tires, non-tires, adhesives, and other industries. The growing tire and rubber industries are driving the isoprene market. The market is dominated by Russian manufacturers who are focused on expanding their production capacities. Isoprene acts as a chemical raw material for polyisoprene, SIS, and IIR. Synthetic rubber is replacing natural rubber in almost every rubber applications; this acts as a driving factor for isoprene market.
The polymer grade type of isoprene is projected to grow at high CAGR during the forecast period in isoprene market. This type of isoprene is widely used to produce polyisoprene and isobutylene isoprene rubber. In addition, this type of isoprene is also used in other industries such as medical and pharmaceutical packaging and also in products such as rubber bands, footwear, cut thread, baby bottle nipples, hoses, and conveyor belts.
The polyisoprene is estimated to be the fastest-growing segment of the isoprene market during the forecast period. A major driver of polyisoprene application is the growing tire and automotive industries, globally. Also, polyisoprene is becoming a perfect substitute for natural rubber in the medical sector as it provides flexibility and high tensile strength similar to natural rubber, and doesn't trigger an allergic reaction and thus has a rapidly growing demand.
The tire industry is estimated to be the fastest-growing end-use industry of the isoprene market during the forecast period. Properties such as, toughness, abrasion and cold resistance, high tensile strength, high resilience and good hot tear strength makes it suitable for tire manufacturing. A major driver of the tire industry is the growing automotive industry also the growing demand for fuel efficiency and eco-friendly tires are driving the tire industry and in turn the demand for isoprene in tire end-use industry.
Europe is estimated to be the leading market for isoprene. Russia is estimated to be the largest market for isoprene and is projected to be the fastest-growing market for isoprene in this region during the forecast period. Germany, France, and the U.K. are other countries contributing to the growth of the isoprene market in this region. The increasing demand for isoprene from the end-use industries such as tires, non-tires, adhesives, and others is expected to drive the growth of the isoprene market in these countries.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.
The break-up of primary interviews is given below:
The companies profiled in the isoprene market research report are Nizhnekamskneftekhim (Russia), SIBUR (Russia), The Goodyear Tire & Rubber Company (U.S.), Royal Dutch Shell Plc (Netherlands), Kuraray Co. Ltd. (Japan), ZEON Corporation (Japan), LyondellBasell Industries N.V.(U.S.), JSR Corporation (Japan), Ningbo Jinhai Chenguang (China), Shandong Yuhuang Chemical Group Co. Ltd. (China), Finetech Industry Ltd. (U.K.), Haihang Industry Co. Ltd.(China), Fortrec Chemicals and Petroleum Pte Ltd. (Singapore), and Braskem (Brazil).
This research report categorizes the isoprene market on the basis of type, application, end-use industry, and region. The report includes detailed information regarding the major factors influencing the growth of the isoprene market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, mergers & acquisitions, new product developments, agreements, and recent developments associated with the market.
The report will help market leaders/new entrants in this market in the following ways:
*Details might not be captured in case of unlisted companies