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The market is segmented by Application (Tires, Healthcare, Apparel and Footwear, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)
Fastest Growing Market:
Greater Than 5 %
The market for isoprene is expected to register a CAGR of over 5%, during the forecast period. One of the major drivers of the market studied is the increasing demand for electric vehicles.
The scope of the isoprene market report includes:
|Apparel and Footwear|
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Asia-Pacific region dominated the global market share, as Asia-Pacific is the largest manufacturer of tires.
In Asia- pacific region, Countries such as India, China, Japan, etc. are the largest producers of automotive industry including cars and commercial vehicles.
For Instance, in 2018, the tire and tube production for the automotive industry in Japan increased by about 1.36%. According to the Statistics Bureau Japan, in 2018, the tire and tube production in the country was about USD 11.2 billion and is expected to reach USD 11.22 billion in 2019.
Furthermore, growing electric car production is propelling the demand for tires in countries, such as China, Japan, and others.
Electric vehicles in these countries are expected to reach about 6843 units, and 1023 units respectively, during the forecast period.
All the aforementioned factors are expected to increase the demand for isoprene over the forecast period.
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The isoprene market is partially consolidated in nature. The major companies include Chevron Phillips Chemical Company, China Petrochemical Corporation, Dow, KURARAY CO. LTD, etc.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1.1 Increasing Demand for Electric Vehicles
4.2.1 Substitution of Alternative Chemicals
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Application
5.1.3 Apparel and Footwear
5.1.4 Other Applications
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.2.2 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.2.4 South America
220.127.116.11 Rest of South America
5.2.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Chevron Phillips Chemical Company
6.4.2 China Petrochemical Corporation
6.4.4 LyondellBasell Industries
6.4.5 JSR Corporation
6.4.6 KURARAY CO. LTD
6.4.7 Pon Pure Chemicals
6.4.8 Royal Dutch Shell PLC
6.4.9 Zibo Luhua Hongjin New Material Co. Ltd
6.4.10 LOTTE Chemical Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Gradually Decreasing Demand for Natural Rubber
** Subject to Availability