The global isoprene rubber latex market is estimated to be valued at $544.1 million in 2018. It is expected to register an 8.0 percent CAGR and reach $1,179.9 million by the end of the forecast period. 


The isoprene rubber latex market is anticipated to create an incremental financial opportunity worth $635.8 million over the forecast period. Growing industrialization in developing countries such as ASEAN, India and Brazil is expected to fuel the demand for industrial gloves made from isoprene rubber latex during the forecast period. Government support, coupled with the rising outsourcing of manufacturing endeavors from developed nations, has propelled industrialization in these emerging economies. This may positively impact the global isoprene rubber latex market during the forecast period. 


The rising awareness regarding the use of condoms to prevent unintended pregnancies and sexually transmitted diseases is also considered to be one of the key driving factors fueling the demand for isoprene rubber latex and contributing to the global isoprene rubber latex market during the forecast period. 


The growth of the construction industry and rapid urbanization are also expected to contribute to the growth of the isoprene rubber latex market. The growth of the construction industry is also expected to drive the demand for isoprene rubber latex in adhesives applications.


Market insights suggest that the market is estimated to witness substantial growth during the forecast period. In terms of volume sales, China is estimated to account for a major share in the global isoprene rubber latex market during 2018–2028. In terms of market value share, China, followed by North America, is estimated to dominate the global isoprene rubber latex market. Furthermore, South East Asia and Pacific, growing with a healthy CAGR of 9.2 percent, is estimated to create an incremental financial opportunity worth around $123.2 million in the global isoprene rubber latex market during the forecast period. Moreover, Middle East and Africa and Latin America are expected to grow at above-average growth rates in the global isoprene rubber latex market during the forecast period. 


On the basis of end use, the medical segment is estimated to account for a value of $370.5 million by 2018 end. However, in terms of volume, the industrial segment is projected to account for a minor share of around 16% of unit sales in the global isoprene rubber latex market during the forecast period. On the basis of application, the medical gloves segment is projected to dominate the global isoprene rubber latex market. 


In terms of volume, the demand from the condom segment is projected to be pegged at 138,728 tons by the end of 2028. Moreover, the medical balloons segment is estimated to create an incremental financial opportunity worth $76.9 million in the global isoprene rubber latex market over the forecast period. The catheters segment is expected to register significant growth in the global isoprene rubber latex market. Some of the key players involved in the manufacturing of isoprene rubber latex and included in this study are Ansell Limited, Dipped Products Plc, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Top Glove Corporation Bhd, Rubberex Corporation (M) Bhd., Johnson Wilshire Inc., Protective Industrial Products, Inc., Smart Glove Corporation Sdn. Bhd. and Southern Glove, Inc., among others.



2018-12-14

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来源:Rubber World

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