GITNUX MARKETDATA REPORT 2024

Isoprene Industry Statistics

Isoprene industry statistics show a steady growth trend in production volume and revenue across various sectors.

In this post, we explore key statistics and insights regarding the global isoprene industry, shedding light on market trends, projections, and major players in the field. From market size valuations to regional growth forecasts, delve into the data that shapes this dynamic sector.

Statistic 1

"The global isoprene market size was valued at USD 2.10 billion in 2015."

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Statistic 2

"The isoprene market is expected to grow at a CAGR of more than 5% during the forecast period of 2019 – 2024."

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Statistic 3

"By 2027, the global isoprene market is expected to reach USD 3.97 billion."

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Statistic 4

"In 2020, China accounted for nearly 60% of total isoprene production globally."

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Statistic 5

"The isoprene market is mainly driven by the growing demand for synthetic rubber in tire production, which accounted for around 60% of the global demand in 2015."

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Statistic 6

"Europe's isoprene market is expected to grow at a CAGR of around 1.2% during 2021-2026."

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Statistic 7

"The demand for isoprene from end-use industries in the U.S. is expected to reach 367.7 KT by 2025."

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Statistic 8

"As of 2016, around half of the global isoprene capacity comes from bio-isoprene."

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Statistic 9

"70% of the isoprene market is based in Asia Pacific, driven by its booming automotive and tire industries."

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Statistic 10

"By 2025, the isoprene latex market is expected to reach $340.1 million in value, with a CAGR of 7.8%."

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Statistic 11

"As of 2020, automotive parts account for nearly 70% of the total synthetic isoprene application globally."

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Statistic 12

"The isoprene market has over 30 key players globally as of 2019."

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Statistic 13

"In 2018, the bio-based isoprene market was pegged at over $25 million."

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Statistic 14

"As of 2018, adhesives & sealants made up roughly 25% of the global bio-isoprene market."

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Statistic 15

"The BRIC countries (Brazil, Russia, India, China) account for about 45% of the global isoprene market in terms of consumption."

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Statistic 16

"Consumer products are expected to drive 6% CAGR for the isoprene market from 2019 to 2025."

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Statistic 17

"The top producer of synthetic isoprene is Niznekamskneftekhim, located in Russia."

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Statistic 18

"The price of isoprene has increased notably in the past 20 years, with a 50% increase from 2001 to 2017."

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The isoprene industry has seen significant growth and is poised for further expansion in the coming years. With key statistics indicating a steady increase in market size and demand, particularly driven by industries such as automotive and tire production, it is evident that isoprene plays a crucial role in various sectors globally. The rise in bio-isoprene capacity, the dominance of Asia Pacific in the market, and the emergence of new applications like isoprene latex further highlight the continuous evolution of this sector. As major players continue to shape the market landscape, it is clear that the isoprene industry holds promising opportunities for both producers and consumers alike.

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