Isoprene Rubber Latex Market Size, Size, Demand, Growth & Trends by 2031
The worldwide isoprene rubber latex market is anticipated to extend at eight.1% CAGR over the forecast length between 2021 and 2031, reveals future marketplace Insights (FMI) in a recent analysis. FMI also forecasts the global isoprene rubber latex marketplace to sign up yr-on-yr boom of 10.1% in 2021. Surging utility of isoprene rubber latex in production of scientific gloves and condoms will assist the marketplace gain traction over the route of the forecast duration. Growing demand of scientific gloves and condoms will continue riding the isoprene rubber latex income. Growing utilization in clinical and customer goods enterprise will create conducive environment for the growth of the marketplace within the coming years.
Rising call for of clinical gloves inside the
healthcare industries due to growing consciousness approximately health and
safety measures to be employed to save you the unfold of diseases after COVID –
19 pandemic is propelling increase of the isoprene rubber latex market.
The increasing use of isoprene rubber latex inside the
manufacture of personal protective device and business gadgets which include
seals, gaskets, and conveyor belts is expected to be a main increase driver.
The growing call for for custom designed business gloves is expected to
strengthen the sales in the marketplace. Further to this, software in condom
manufacturing will give a boost to sales prospects.
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Key Takeaways:
- Medical
glove manufacturers are the predominant consumers of isoprene rubber
latex. Medical gloves segment exhibited high demand following the COVID-19
outbreak.
- Application
in condom manufacturing will increasing, driving sales in the market.
- Demand
in the U.S. will grow year on year by 8.8% in 2021.
- Demand
in China will grow by 8.8% between 2021 and 2031.
- Sales
in Germany will account for 14.3% of overall consumption in Europe in
2021.
“Rising demand of medical gloves from
healthcare industry and the increasing usage of adhesives in food, medical and
industrial packaging will drive the market of isoprene rubber latex through the
projected period from 2021 to 2031,” says a FMI analyst.
Competitive Landscape
Key market participants in the global isoprene rubber
latex market elaborated in the report includes Top Glove Corporation Bhd, Zeon
Corporation, PAO Sibur Holdings, Kraton Corporation, Ansell Limited, Supermax
Corp. Bhd, Royal Dutch Shell Plc, Kossan Rubber Industries Bhd, JSR
Corporation, Hartalega Holdings Berhad, Rubberex Corporation, Johnson Wilshire,
Medline Industries, Inc., Dipped Products Plc, Protective Industrial Products,
Inc., and many others.
Key players operating in the global isoprene rubber
latex market are focusing on increasing their production capacities to
strengthen their footprint especially in the emerging economies. Furthermore,
key market participants are focusing on mergers, acquisitions and
collaborations strategies to expand their global presence and strengthen their
distribution network. For instance:
- In
April 2018, Top Glove Corp Bhd acquired Aspion Sdn Bhd transforming the
company into one of the world’s largest surgical glove maker and
strengthening its position as the world’s largest glove manufacturer.
Isoprene Rubber Latex Market by Category
By Application:
- Medical
Gloves
- Condoms
- Medical
Balloons
- Catheters
- Adhesives
By End Use:
- Medical
- Consumer
Goods
- Industrial
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
2.3. Patent Analysis
2.4. Key Regulations overview
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Strategic Promotional Strategies
4.3. Technological Innovation
5. Global Isoprene Rubber Latex Market
Demand Analysis 2016-2020 and Forecast, 2021-2031
6. Pricing Analysis
7. Global Isoprene Rubber Latex Market
Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031
To be continued…!
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Full Report: https://www.futuremarketinsights.com/reports/isoprene-rubber-latex-market
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