Prismane

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

Isoprene Market Size

The global Isoprene market size is poised to grow at a CAGR of 5.2% to reach USD 3.0 billion by 2032 from the current USD 1.7 billion primarily driven by the growing automotive industry and new tire capacity additions.

Isoprene, a key raw material in the production of synthetic rubber and other high-value chemicals, has witnessed significant growth in recent years. This versatile compound is primarily derived from petroleum-based feedstocks, but with the growing emphasis on sustainability and renewable resources, bio-based isoprene is also gaining traction. Most of the industrially manufactured isoprene is used to make polyisoprene, a synthetic equivalent of natural rubber. 

Global Isoprene Demand Supply Analysis, 2032 (Kilo Tons)

Isoprene Demand supply
Source: Secondary & Primary Research and Prismane Consulting estimates

Isoprene Capacity

The global isoprene production capacity was estimated to be approximately 1,700 kilotons in 2022. Asia-Pacific and Central & Eastern Europe collectively contribute to over three-quarters of the world's isoprene supply. Russia, on its own, accounted for roughly 35% of the global isoprene supply, primarily through Nizhnekamskneftekhim (NKNK), Togliatti Kauchuk JSC (SIBUR), and Sintez-Kauchuk (Sterlitamak) as key producers. On a global scale, average isoprene capacity utilization rates hovered around 75% between 2010 and 2022, with the lowest recorded in 2020 due to the global COVID-19 pandemic.

Global Isoprene Demand, By Application, 2032 (Kilotons)

Isoprene Demand, By Application
Source: Secondary & Primary Research and Prismane Consulting estimates

Isoprene Market Segmentation

The isoprene market is segmented into Polyisoprene, Thermoplastic Elastomer, and Butyl Rubber (IIR) based on demand by applications. Polyisoprene stands as the largest segment, contributing significantly due to its extensive use in tire production and other rubber goods. It contains a lower non-polymer component level compared to natural rubber. Besides its application in tires, polyisoprene finds usage in rubber bands, footwear, hoses, and conveyor belts. Notably, its a common material in the manufacturing of medical devices such as surgical gloves, sample covers, and catheters. Polyisoprene rubber represents over 60% of the global isoprene demand.

The primary end-use industries for Isoprene are Tires, Non-Tires, and Adhesives. Tires hold the largest share, driven by increasing demand in the automotive sector. Isoprene is a key component in the production of polyisoprene used for tire manufacturing. The rubber industry, consuming a substantial portion of the global supply, primarily propels the demand for isoprene. The automotive sector significantly influences the demand for isoprene-based synthetic rubber, particularly in tire production. The growth of the isoprene market is further fuelled by the escalating demand for fuel-efficient vehicles and the expansion of the automotive industry in emerging economies.

Global Isoprene Demand, By End Use Industry, 2032 (Kilotons)

Isoprene Demand, By end use
Source: Secondary & Primary Research and Prismane Consulting estimates

Russia has been one of the largest producers and exporters of natural rubber, which is an alternative to synthetic rubber produced from isoprene. However, the country has also been involved in the production of synthetic rubber, including the use of isoprene as a feedstock.

The Russia-Ukraine war has had an impact on the overall isoprene market. Isoprene is a key raw material used to manufacture synthetic rubber which is commonly used in various industries such as automotive, construction and electronics. The conflict between Russia and Ukraine has created several geopolitical tensions which will impact the trade and supply chains globally. As Russia is one of the major producers of isoprene, any disruption in the country can affect the global supply chain. 

Isoprene Market Dynamics

Driver: Increasing demand for tires in the automobile industry
Isoprene is widely used in the automotive industry to manufacture tires, engine mounting, fuel hoses, mud flaps, floor mats, suspension bushes, and exhaust rubber hangers. The rising demand for fuel-efficient cars to reduce carbon emissions and the growing demand for eco-friendly tires will positively impact the overall Isoprene market.

Opportunity: Sustainability Initiatives

The increasing focus on sustainability and reducing carbon footprint has led to the development of bio-based isoprene. This renewable alternative aligns with environmental objectives and reduces dependence on fossil fuel-derived feedstocks.

In April 2023, Gingko and Visolis announced that they are working on the production of bio-based Isoprene. 

Challenge: Volatility of the raw materials 

One potential restraint for the isoprene market is the volatile and flammable nature of Isoprene. Isoprene is a highly volatile compound, meaning it easily evaporates at room temperature, and it has a relatively low flash point. This makes it potentially hazardous in terms of fire and explosion risks if not handled properly. It requires careful storage, handling, and transportation to ensure safety. Additionally, the high volatility of isoprene can lead to significant losses during processing and storage if proper containment measures are not in place. It is crucial to adhere to strict safety protocols and regulations when dealing with isoprene to mitigate these risks effectively.

Key Players in the Isoprene Market

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 and Fushun Yike New Materials are some of the key players in global Isoprene market. 

Scope of Report 
The Isoprene report describes the global 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 Composition, by Application and End Use Industry
•  Capacity & Production
•  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
•  Isoprene  Market analysis for Production, Capacity, and Demand, 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
      •  Scope
      •  Market Coverage
          -  Applications
          -  End Use Industries
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Automotive
      •  Electrical & Electronics
      •  Building & Construction
      •  Others
5.  Plants & Projects Analysis
      •  Isoprene Production Capacity, by Company
      •  Isoprene Production Capacity, by Country and by region
      •  Capacity Overview
6.  Introduction to Isoprene and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Isoprene Demand-Supply Analysis, By Applications, By End-Use Industries (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Isoprene Market, By Applications
          -  Polyisoprene
          -  Thermoplastic Elastomer
          -  Butyl Rubber (IIR)
          -  Others
      •  Global Isoprene Market, By End-Use Industries
          -  Tires
          -  Non-Tires
          -  Adhesives
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Isoprene Market, By Applications
      •  Isoprene Market, By End-Use Industries
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications and end-use industries has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications and end-use industries to arrive at the regional/global demand growth for the forecast period (2023 – 2032)
10.  Pricing Analysis
      •  Average Isoprene Prices, USD/Kg
      •  Average Isoprene prices, by Country 
      •  Average Isoprene prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
      •  Isoprene Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, 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.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 
The Isoprene report describes the global 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 Composition, by Application and End Use Industry
•  Capacity & Production
•  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
•  Isoprene  Market analysis for Production, Capacity, and Demand, 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


Frequently Asked Questions

What is the current market size of Isoprene?
The Isoprene market was valued at USD 1.7 billion in 2023 and is growing at a CAGR of 5.2% to reach USD 3.0 billion by 2032. Driven by the growing automotive industry and new tire capacity additions.
What is the current global Isoprene capacity?
The global isoprene production capacity was estimated to be approximately 1,700 kilo tons in 2022
Who are the key manufacturers Isoprene?
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 and Fushun Yike New Materials are some of the key players in global Isoprene market.