이소프렌 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측(2018-2028년)

The global isoprene market was valued at USD 4,628.4 million in 2022 and is projected to experience robust growth with a CAGR of 7.5% through 2028. Recent years have witnessed significant growth in the global isoprene market, and this upward trend is expected to persist. Isoprene, a colorless volatile liquid derived from petroleum or natural gas, plays a crucial role as a key raw material in the production of synthetic rubber and other elastomers. With its versatile applications and increasing demand across multiple industries, the global isoprene market presents significant opportunities for chemical companies. Factors driving this growth include the escalating demand for synthetic rubber, particularly in the automotive sector, and the expanding utilization of isoprene in various end-use segments, including adhesives, coatings, and healthcare.

Key Market Drivers:

Growing Use of Isoprene in the Automotive Industry:

The automotive industry's heightened focus on sustainability and environmental responsibility has given rise to the "green tire" revolution. Isoprene, known for enhancing the performance of synthetic rubber, plays a pivotal role in this progressive movement. Synthetic rubber, a vital component in tire production, relies on isoprene to impart elasticity, durability, and excellent road grip. The utilization of isoprene in tire manufacturing is crucial for the development of tires with reduced rolling resistance, improved traction, and extended lifespan, contributing to enhanced fuel efficiency and a more environmentally friendly automotive industry. The increasing popularity of electric vehicles (EVs) is another significant driver for the use of isoprene in the automotive industry. As EVs gain traction globally, the demand for tires specifically tailored to electric mobility is rising. Isoprene's role in crafting high-performance, energy-efficient tires is pivotal for the EV segment, as it directly impacts factors such as range, battery longevity, and overall driving experience. As the automotive industry progresses towards a sustainable and technologically advanced future, isoprene emerges as a critical enabler of this journey. The role of isoprene in improving tire performance, fuel efficiency, and overall vehicle sustainability underscores its profound significance in shaping the automotive landscape.

Growing Demand for Isoprene in Medical Applications

With notable advancements in medical science and technology, isoprene is emerging as a vital ingredient with diverse applications in healthcare. Isoprene possesses unique properties that make it an optimal material for producing medical devices and equipment. Its exceptional elasticity and flexibility make it highly desirable for fabricating medical tubing, catheters, and syringe components. These materials require biocompatibility, durability, and the ability to withstand diverse sterilization methods, making isoprene the preferred choice. As medical technology advances, the increasing demand for specialized and reliable medical devices highlights the significance of isoprene-based materials. Isoprene derivatives play a crucial role in formulating wound care products, including adhesive dressings and bandages. Isoprene-based adhesives offer excellent adhesion to the skin while allowing for easy and painless removal, a critical factor in patient comfort. Additionally, isoprene's gas permeability and moisture management properties contribute to creating advanced wound care products that promote optimal healing conditions. The pharmaceutical industry is currently transitioning towards innovative drug delivery systems aimed at enhancing therapeutic outcomes and ensuring patient compliance. Isoprene-based polymers are extensively researched for their potential in sustained-release drug formulations, transdermal patches, and implantable drug delivery systems. These versatile polymers can be customized to regulate drug release rates, enhance bioavailability, and minimize adverse effects, revolutionizing the field of medication administration. Moreover, in the healthcare sector, ensuring safety and infection control is of utmost importance. Isoprene-based materials are utilized in manufacturing surgical gloves and protective apparel due to their exceptional strength, flexibility, and hypoallergenic properties. These materials provide healthcare professionals with indispensable protective equipment that guarantees the safety of both patients and providers during medical procedures.

Increasing Demand for Isoprene in the Construction Industry

As the construction sector's need for sustainable and high-performance materials grows, isoprene has emerged as a critical component with distinct properties and notable advantages. Construction materials infused with isoprene-based elastomers demonstrate exceptional durability and resilience to physical stresses and environmental factors. These qualities are highly sought-after in critical applications such as roofing and sealing, where longevity and performance are paramount. Isoprene-based sealants and adhesives offer superior bonding capabilities and moisture resistance, enhancing the structural integrity of construction projects. This proves particularly advantageous in applications that require water resistance and strong adhesion, such as window, door, and flooring installations. Furthermore, the increasing demand for construction materials, driven by urbanization and infrastructure development, underscores the versatility of isoprene in meeting the diverse requirements of residential, commercial, and infrastructure projects.

Key Market Challenges

Volatility in Prices of Raw Materials

Given that isoprene serves as a fundamental building block for various products, its market stability is closely tied to the costs and supply of its feedstocks. Isoprene, a hydrocarbon compound, can be obtained from different raw materials like crude oil, Natural Gas Liquids (NGLs), Synthesis Gas (Syngas), and bio-based feedstocks. Raw material prices are subject to inherent volatility influenced by complex geopolitical factors, supply-demand imbalances, and unforeseen events. This volatility significantly impacts the stability of isoprene production costs and introduces uncertainties that have far-reaching effects in the market.

Supply chain disruptions present a significant challenge to the availability of isoprene, a crucial component in the manufacturing of products such as tires and adhesives. Political instability, trade tensions, and geopolitical events can impede the flow of raw materials across borders, resulting in supply chain delays. Operational disruptions in manufacturing facilities, such as equipment failures, maintenance issues, or unforeseen shutdowns, can lead to shortages and impact supply chain reliability. Additionally, increasing environmental regulations and sustainability requirements may necessitate adjustments in manufacturing processes and potential modifications to the supply chain.

Key market trends in the isoprene industry encompass technological advancements and an increasing emphasis on sustainability. Progress in catalytic processes, such as metathesis and oxidative dehydrogenation, optimize production methods for enhanced efficiency and sustainability. These technological breakthroughs not only enhance yield and minimize waste but also offer cost savings and environmental benefits. Nanotechnology enables precise manipulation of material properties, leading to the development of high-performance isoprene-based materials with superior strength, durability, and functionality.

Bridgestone Corporation, in collaboration with the National Institute of Advanced Industrial Science and Technology (AIST), Tohoku University, ENEOS, and JGC HOLDINGS CORPORATION, has initiated a research and development program aimed at advancing chemical recycling technologies that efficiently utilize discarded tires for high-yield isoprene production. By leveraging the collective expertise and technologies of industry-leading companies and academic institutions, Bridgestone aims to create innovative recycling technologies that contribute to a more sustainable society. Comprehensive demonstrations are planned to facilitate the social implementation of these technologies by 2030.

Sustainability in isoprene production is an emerging focus, reflecting the industry's commitment to environmental responsibility and long-term viability.

As industries across various sectors transition towards more environmentally conscious practices, the production of isoprene, a vital hydrocarbon with versatile applications, is embracing this paradigm shift. The growing emphasis on sustainability in isoprene production is emerging as a transformative trend that not only aligns with environmental objectives but also shapes the future of the global isoprene market. The isoprene market, traditionally associated with petrochemical feedstocks, is now embracing sustainability to mitigate its environmental impact. Conventional methods of isoprene production, heavily reliant on fossil fuels, are being reassessed in favor of greener alternatives that contribute to the circular economy and minimize greenhouse gas emissions. Bio-based isoprene, derived from renewable feedstocks such as biomass and agricultural waste, has gained attention as a sustainable substitute for petroleum-based isoprene. The cultivation of feedstock sources like corn, sugarcane, and wood chips offers a more environmentally friendly approach to isoprene production, reducing the industry's dependence on fossil resources. Furthermore, sustainability initiatives in isoprene production aim to significantly reduce carbon emissions, making the process more environmentally friendly. Renewable feedstocks, combined with innovative production technologies, have the potential to substantially decrease the carbon footprint associated with isoprene manufacturing. Sustainable isoprene production focuses on optimizing resource utilization and minimizing waste generation. By adopting efficient production processes and utilizing waste streams as feedstock, the industry can reduce its environmental impact and contribute to a circular economy.

Segmental Insights

Application Insights

In 2022, the tires segment dominated the isoprene market and is projected to continue expanding in the years ahead. This is primarily due to its extensive use in tire manufacturing across various vehicle types. Isoprene, when combined with isobutylene in small quantities, is used to produce isobutylene-isoprene rubber, formerly known as butyl rubber. These rubbers are primarily employed in tire inner liners, offering durable mechanical properties at a cost-effective price, thereby driving their adoption in various engineering applications. As a result, tire manufacturers heavily rely on isoprene to create resilient and long-lasting tires for vehicles. The growing automotive industry in robust economies such as China, India, the U.S., Germany, France, and others serves as a significant driver for tire demand, thus positively impacting the growth of the isoprene market.

In terms of type, the polymerization grade segment dominated the isoprene market in 2022 and is expected to continue expanding in the future. This can be attributed to the similar applications of polymerization grade isoprene to natural rubber. Polyisoprene is produced by combining multiple isoprene molecules, resulting in four isomers, with cis- and trans-isoprene being the most significant. The increasing market demand for polymer-grade isoprene is driven by its various properties, including cold resistance, high resilience, and good tensile strength. Isoprene, a transparent and colorless liquid with a concentration of 99.3%, finds widespread use in various industries. Polymer-grade isoprene is utilized in the manufacture of polyisoprene, which is used in tires, mechanical molded goods, motor mounts, shock-absorber bushings, and pipe gaskets. The growing utilization of polyisoprene in a wide range of industrial products is expected to drive the market demand for polymer-grade isoprene in the coming years.

Regional Insights

The Asia Pacific region has emerged as the global leader in the Isoprene market, driven by the growth of various end-use industries. Isoprene finds extensive application as a tire adhesive and industrial rubber, catering to the rising demand for large-scale tire manufacturing due to the surge in vehicle production. Notably, China stands out as a prominent producer and consumer of rubber in the Asia Pacific region, benefitting from a substantial number of manufacturers within the country. In addition, the Government of West Bengal (India) reports that India ranks fourth globally in rubber consumption, following China, the U.S., and Japan.

Key Market Players

• Chevron Phillips Chemical Company
• The Goodyear Tire & Rubber Company
• Zeon Corporation
• JSR Corporation
• China Petrochemical Corporation
• Dow Chemical Company
• Pon Pure Chemicals
• Zibo Luhua Hongjin New Material Co., Ltd.
• Exxon Mobil Corporation
• PJSC Nizhnekamskneftekhim

Report Scope:

In this report, the Global Isoprene Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Isoprene Market, By Type:

• Polymerization Grade
• Chemical Grade

Isoprene Market, By Application:

• Polyisoprene
• SIS
• IIR
• Others

Isoprene Market, By End Use Industry:

• Tires
• Non-Tire
• Adhesives
• Others

Isoprene Market, By Region:

• North America
• Asia Pacific
• Europe
• Middle East & Africa
• South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Isoprene Market.

Available Customizations:

Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Associations and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Isoprene Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value & Volume
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Polymerization Grade and Chemical Grade)
  • 5.2.2. By Application (Polyisoprene, SIS, IIR, Others)
  • 5.2.3. By End Use Industry (Tires, Non-Tire, Adhesives, Others)
  • 5.2.4. By Region
  • 5.2.5. By Company (2022)
• 5.3. Market Map

6. North America Isoprene Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value & Volume
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By End Use Industry
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Isoprene Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value & Volume
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Application
      • 6.3.1.2.3. By End Use Industry
  • 6.3.2. Mexico Isoprene Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value & Volume
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Application
      • 6.3.2.2.2. By End Use Industry
  • 6.3.3. Canada Isoprene Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value & Volume
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Application
      • 6.3.3.2.2. By End Use Industry

7. Europe Isoprene Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value & Volume
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Application
  • 7.2.3. By End Use Industry
  • 7.2.4. By Country
• 7.3 Europe: Country Analysis
  • 7.3.1. France Isoprene Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value & Volume
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Application
      • 7.3.1.2.2. By End Use Industry
  • 7.3.2. Germany Isoprene Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value & Volume
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Application
      • 7.3.2.2.2. By End Use Industry
  • 7.3.3. United Kingdom Isoprene Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value & Volume
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Application
      • 7.3.3.2.2. By End Use Industry
  • 7.3.4. Italy Isoprene Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value & Volume
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Application
      • 7.3.4.2.2. By End Use Industry
  • 7.3.5. Spain Isoprene Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value & Volume
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Application
      • 7.3.5.2.2. By End Use Industry

8. Asia-Pacific Isoprene Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value & Volume
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Application
  • 8.2.3. By End Use Industry
  • 8.2.4. By Country
• 8.3. Asia-Pacific: Country Analysis
  • 8.3.1. China Isoprene Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value & Volume
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Application
      • 8.3.1.2.3. By End Use Industry
  • 8.3.2. India Isoprene Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value & Volume
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Application
      • 8.3.2.2.3. By End Use Industry
  • 8.3.3. South Korea Isoprene Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value & Volume
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Application
      • 8.3.3.2.3. By End Use Industry
  • 8.3.4. Japan Isoprene Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value & Volume
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Application
      • 8.3.4.2.3. By End Use Industry
  • 8.3.5. Australia Isoprene Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value & Volume
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Application
      • 8.3.5.2.3. By End Use Industry

9. South America Isoprene Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value & Volume
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Application
  • 9.2.3. By End Use Industry
  • 9.2.4. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Isoprene Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value & Volume
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Application
      • 9.3.1.2.3. By End Use Industry
  • 9.3.2. Argentina Isoprene Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value & Volume
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Application
      • 9.3.2.2.3. By End Use Industry
  • 9.3.3. Colombia Isoprene Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value & Volume
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Application
      • 9.3.3.2.3. By End Use Industry

10. Middle East and Africa Isoprene Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value & Volume
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Application
  • 10.2.3. By End Use Industry
  • 10.2.4. By Country
• 10.3. MEA: Country Analysis
  • 10.3.1. South Africa Isoprene Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value & Volume
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Application
      • 10.3.1.2.3. By End Use Industry
  • 10.3.2. Saudi Arabia Isoprene Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value & Volume
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Application
      • 10.3.2.2.3. By End Use Industry
  • 10.3.3. UAE Isoprene Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value & Volume
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Application
      • 10.3.3.2.3. By End Use Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

13. PESTLE Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Business Overview
• 15.2. Company Snapshot
• 15.3. Products & Services
• 15.4. Financials (In case of listed companies)
• 15.5. Recent Developments
• 15.6. SWOT Analysis
  • 15.6.1. Chevron Phillips Chemical Company
  • 15.6.2. The Goodyear Tire & Rubber Company
  • 15.6.3. Zeon Corporation
  • 15.6.4. JSR Corporation
  • 15.6.5. China Petrochemical Corporation
  • 15.6.6. Dow Chemical Company
  • 15.6.7. Pon Pure Chemicals
  • 15.6.8. Zibo Luhua Hongjin New Material Co., Ltd.
  • 15.6.9. Exxon Mobil Corporation
  • 15.6.10. PJSC Nizhnekamskneftekhim

16. Strategic Recommendations