Polyisoprene rubber market to grow at a CAGR of 7.29% from 2018 to 2022 – report

Polyisoprene-rubberAccording to the Global Polyisoprene Rubber Market 2018-2022, the global polyisoprene rubber market is predicted to grow at a CAGR of 7.29% during the period of 2018-2022.

One trend in the market is rising demand for biomass-derived IR. The use of bio-based feedstock in the production of synthetic rubber is one of the rising trends. The development of renewable chemicals for the production of rubber is witnessing rapid growth on the grounds of achieving sustainability.

Key players in the global polyisoprene rubber market: JSR, KURARAY, Nizhnekamskneftekhim, SIBUR, and The Goodyear Tire & Rubber.

According to the report, one driver in the market is increasing demand from the tyre industry. The tyre industry is one of the key end-user industries of IR. The automotive sector accounts for the maximum share of the global IR market in terms of consumption as it is extensively used in the production of tyres and tyre products including auto tyres, bicycles tyres, and aircraft tyres.