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Global Polyisoprene Market to reach USD 2.85 million by 2027.

Global Polyisoprene Market Size study, by Application (Tires & Related Products, Latex, Footwear, Non-automotive Engineering, Belts & Hose), and Regional Forecasts 2021-2027

Product Code: CMPP-22045360
Publish Date: 7-11-2021
Page: 200

Global Polyisoprene Market is valued approximately at USD 2.15 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2021-2027. Polyisoprene is used in rubber, footwear, automotive, sponges, and sporting goods and include medical/health applications and sealants and adhesives. The global Polyisoprene market is being driven by growing demand of polyisoprene in medical sector and rising footwear market. Furthermore, the growing use of Polyisoprenes in newer automotive production and industrial use and rising usage of polyisoprene in surgical gloves, will provide new opportunities for the global Polyisoprene industry. For instance, according to Indian Brand Equity Foundation, automobile exports in India stood at 1,419,430 units between April 2021 to June 2021 in comparison with 436,500 units in April 2020 to June 2020. As a result, increased automation will necessitate the use of more polyisoprene in the manufacturing of different automobile parts, which will serve as a catalyst for the Polyisoprene industry in the future. However unstable raw material prices may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global polyisoprene market. Presence of well-established automotive and oil & gas sectors in the region makes Europe the leading region across the world in terms of market share. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing vehicle production in various region.
Major market player included in this report are:

Zeon Corporation
JSR Corporation
PJSC “Nizhnekamskneftekhim”
The Goodyear Tire & Rubber Company
KURARAY CO., LTD.
ExxonMobil
TSRC Corporation
Asahi Kasei Corporation
DuPont
Preferred Compounding Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Tires & Related Products
Latex
Footwear
Non-automotive Engineering
Belts & Hose

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Polyisoprene Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Polyisoprene Market, by Region, 2019-2027 (USD Billion)
1.2.2. Polyisoprene Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polyisoprene Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polyisoprene Market Dynamics
3.1. Polyisoprene Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for polyisoprene in the medical sector
3.1.1.2. Growing footwear market
3.1.2. Market Restraint
3.1.2.1. Volatile raw material prices
3.1.3. Market Opportunities
3.1.3.1. Growing demand for elastomers in the automotive and industrial
Chapter 4. Global Polyisoprene Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Polyisoprene Market, by Application
a. Market Snapshot
5.1. Global Polyisoprene Market by Application, Performance – Potential Analysis
5.2. Global Polyisoprene Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
5.3. Polyisoprene Market, Sub Segment Analysis
5.3.1. Tires & Related Products
5.3.2. Latex
5.3.3. Footwear
5.3.4. Non-automotive Engineering
5.3.5. Belts & Hose
Chapter 6. Global Polyisoprene Market, Regional Analysis
6.1. Polyisoprene Market, Regional Market Snapshot
6.2. North America Polyisoprene Market
6.2.1. U.S. Polyisoprene Market
6.2.1.1. Application breakdown estimates & forecasts, 2018-2027
6.2.2. Canada Polyisoprene Market
6.3. Europe Polyisoprene Market Snapshot
6.3.1. U.K. Polyisoprene Market
6.3.2. Germany Polyisoprene Market
6.3.3. France Polyisoprene Market
6.3.4. Spain Polyisoprene Market
6.3.5. Italy Polyisoprene Market
6.3.6. Rest of Europe Polyisoprene Market
6.4. Asia-Pacific Polyisoprene Market Snapshot
6.4.1. China Polyisoprene Market
6.4.2. India Polyisoprene Market
6.4.3. Japan Polyisoprene Market
6.4.4. Australia Polyisoprene Market
6.4.5. South Korea Polyisoprene Market
6.4.6. Rest of Asia Pacific Polyisoprene Market
6.5. Latin America Polyisoprene Market Snapshot
6.5.1. Brazil Polyisoprene Market
6.5.2. Mexico Polyisoprene Market
6.6. Rest of The World Polyisoprene Market
Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. Zeon Corporation
7.2.1.1. Key Information
7.2.1.2. Overview
7.2.1.3. Financial (Subject to Data Availability)
7.2.1.4. Product Summary
7.2.1.5. Recent Developments
7.2.2. JSR Corporation
7.2.3. PJSC “Nizhnekamskneftekhim”
7.2.4. The Goodyear Tire & Rubber Company
7.2.5. KURARAY CO., LTD.
7.2.6. ExxonMobil
7.2.7. TSRC Corporation
7.2.8. Asahi Kasei Corporation
7.2.9. DuPont
7.2.10. Preferred Compounding Corporation

Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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