Asia Pacific Isoprene Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2032

Introduction:

Isoprene is a colorless volatile compound that is widely used to make polyisoprene, a synthetic equivalent of natural rubber. In terms of demand by type, the market is segmented into Polyisoprene, Thermoplastic Elastomer, and Butyl Rubber (IIR). Polyisoprene is the largest segment on the back of strong demand from the automotive industry. Polyisoprene is used as a raw material in the manufacture of automotive tires. Based on applications, the market is bifurcated into tires, tires, and adhesives. The tires segment is anticipated to have the highest demand due to its rising use in the automotive industry.

Asia Pacific Isoprene Market

Asia Pacific region is a major hub for tire manufacturing, with several leading tire companies and production facilities located in countries like China, Japan, South Korea, and India. These countries have a large and growing automotive industry, driving the demand for tires. As a result, there is a strong demand for isoprene in the region. China is the largest market for rubber, followed by Japan and the United States. The rising demand for tires in the automotive industry will boost the isoprene market in the upcoming years.

Asia Pacific Isoprene Market

The region has witnessed significant investments in tire manufacturing facilities, leading to capacity expansions and technological advancements. These developments require a steady supply of isoprene to meet the growing demand for synthetic rubber in tire production.

In 2022, DL Chemicals announced that they are set to build the world’s largest Polyisoprene plant in Singapore.

On February 23, 2023, Kuraray announced that the construction of the new Isoprene plant in Thailand has been completed and is ready to start production.

Bridgestone India announced that the company will invest over Rs 600 crore over the next three years to expand its tire production capacity and upgrade technology at its Pune-based plant.

Demand Analysis:

The demand for isoprene in the Asia Pacific region is increasing due to the growth in the various end-use industries like automotive, construction, electrical etc. The tire industry in particular is a major consumer of isoprene owing to its properties, such as flexibility, tensile strength, and tear strength, making it the material of choice in the tire manufacturing sector. The increasing production and sales of vehicles, along with the need for replacement of tires will contribute to the rising demand for Polyisoprene which will positively impact the Isoprene market.

The Asia Pacific region is witnessing rapid growth in the adoption of electric vehicles. Governments in countries like China and Japan are promoting the use of electric cars through incentives and infrastructure development. As the electric vehicle market increases, there will be a growing demand for tires specifically designed for electric vehicles, considering their unique requirements related to weight distribution, rolling resistance, and range optimization.

Isoprene is also used in various automotive components, such as belts, hoses, gaskets, seals, and adhesives. These components are important for the functioning of vehicles and used in engine systems, braking systems, etc.

The growth of industries such as logistics, construction, and infrastructure development contributes to the demand for commercial vehicles and drives the demand for commercial vehicle tires.

Market Forecast:

The isoprene market for tires in the Asia Pacific also faces challenges. Fluctuating raw material prices, environmental concerns, and the increasing focus on sustainable alternatives to synthetic rubber pose potential obstacles to market growth. Manufacturers are exploring bio-based alternatives to isoprene, such as renewable feedstocks and bio-isoprene, to overcome these challenges.

Scope of Report 

The Isoprene report describes the Asia Pacific Isoprene market, with focus on the country, applications
, and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application and End Use 
•  Trade (Import, Export, and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Isoprene  Market data in terms of volume and value for each end-use 
   at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.Introduction
2.Terms & Conditions of Use
3.Explanatory Notes
              •  Market Coverage
                  -  Application
                  -  End Use 
                  -  Regions
                  -  Countries
              •  Years Considered
                  -  Historical  - ( 2015 – 2019)
                  -  Base - (2020)
                  -  Mid-Term - (2021 – 2025)
                  -  Long-Term - (2021 – 2030)
              •  Abbreviations & Definitions
              •  Conversion Factors
              •  Data Sources
4.Market Synopsis 
              •  Market Evolution
              •  Demand Overview
              •  Industry Structure
              •  Strategic Issues
              •  End-use Trends
              •  Growth Forecast
5.Economic Outlook
              •  GDP and Demographics
              •  Monetary & Fiscal Policies
6.Energy Outlook
              •  Crude Oil
              •  Natural Gas
              •  Electricity Prices
7.End-use Sector Performance and Impact of COVID-19
              •  Automotive
              •  Electrical & Electronics
              •  Building & Construction
              •  Others

8.Introduction to Isoprene and Market Overview 

              •  Product Description
              •  Grades & Properties
              •  Raw Material
              •  Manufacturing Process
              •  Environmental Issues
              •  Value Chain
              •  Applications

9.Market Dynamics and Industry Trends 

              •  Market Dynamics
                  -  Drivers
                  -  Restraints
                  -  Opportunities
                  -  Challenges
              •  Industry Structure

10.Asia-Pacific Isoprene Demand Supply Analysis By Application, By End Use(Volume, Value) (2015–2030)
              •        Strategic Issues
              •        Capacity Analysis – Plants and Projects (2015 – 2030)
                             •  Capacity
                             •  Production
                             •  Producing Companies
                             •  Capacity Additions and Investments
                             •  Location
                             •  Salient Statistics
                             •  Technology / Process
              •        Demand Analysis and Forecast (2015 – 2030)
                             •  Capacity
                             •  Production
                             •  Operating Rate
                             •  Import
                             •  Export
                             •  Net Trade
                             •  Demand
                             •  Demand Growth Rate (%)
                             •  Key Growth Factors and Impact Analysis
                             •  Asia-Pacific Isoprene Market, By Application
                                    •  Polyisoprene
                                    •  Thermoplastic Elastomer
                                    •  Butyl Rubber (IIR)
                                    •  Others
                             •  Asia-Pacific Isoprene Market, By End Use
                                    •  Tires
                                    •  Non-Tires
                                    •  Adhesives
                                    •  Others

11.Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2015 – 2030)

              •        Strategic Issues
              •        Capacity Analysis – Plants & Projects
              •        Demand-Supply Analysis and Forecast (2015 – 2030)
                             •  Capacity
                             •  Production
                             •  Operating Rate 
                             •  Import
                             •  Export
                             •  Net Trade
                             •  Demand
                             •  Demand Growth Rate (%)
                             •  Isoprene Market, By Application
                             •  Isoprene Market, By End Use 
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by Application and by  End Usehas been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
             •     Asia-Pacific
                              •  China
                              •  Japan
                              •  India
                              •  South Korea
                              •  Thailand
                              •  Singapore
                              •  Malaysia
                              •  Indonesia
                              •  Taiwan
                              •  Rest of Asia-Pacific
Note: CAGR will be calculated for all the applications to arrive at the regional demand growth for the forecast period (2021 – 2030)
12.Impact of COVID-19
              •  Short-term Impact
              •  Long-term Impact

13.Business Opportunity Assessment 

              •  Market Attractiveness Assessment
              •  Prospective & Target Market Study

14.Strategic Recommendation & Suggestions

              •  Strategic Recommendations and Critical Factors for Success
              •  Success Factors
              •  Marketing and Distribution
              •  Marketing
              •  Niche Marketing
              •  Government Schemes
              •  Subsidy
              •  Strategic Partnerships / Alliances / Joint Venture 
              •  Multiple Plants and Stocking Points
              •  Global Presence and China
              •  Technological Innovation
              •  Advertising
              •  Other Factors

15.Pricing Analysis

              •  Average Import Prices
              •  Average Exports Prices
              •  Price Forecast
16.Company Analysis
              •  Basic Details
              •  Headquarter, Key Markets
              •  Ownership
              •  Company Financial
              •  Manufacturing Bases
              •  Global Turnover
              •  Total Employee
              •  Product Portfolio / Services / Solutions
              •  Recent Developments
             Companies Covered -
              •  Nizhnekamskneftekhim (NKNK)
              •  Sintez-Kauchuk (Sterlitamak)
              •  Exxon Mobil Corporation
              •  Dow Chemicals
              •  CP Chem
              •  Braskem
              •  Sinopec Shanghai Petrochemicals
              •  Shandong Yuhuang Chemical (Group)
              •  Kramay City Biyun Henghua Petrochemicals
              •  Ningbo Jin Chemicals
              •  Fushun Yike New Materials
              •  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
17.Approach & Research Methodology
              •  Approach
              •  Research Methodology
              •  Prismane Consulting Market Models
              •  Assumptions & Limitations
18.Appendices
              •  Production Capacities
              •  Demand Supply - Regions
              •  Demand Supply - Countries

Scope of Report 

The Isoprene report describes the Asia Pacific Isoprene market, with focus on the country, applications
, and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application and End Use 
•  Trade (Import, Export, and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Isoprene  Market data in terms of volume and value for each end-use 
   at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment