+1-888-308-5802     
News Contact Us

Isoprene Rubber Latex (IRL) Market Statistics: 2019-2025 Share by Product, Application & End User

Author : Rahul Varpe | Published Date : 2019-06-17 

Isoprene Rubber Latex (IRL) Market is also extensively used in manufacturing medical supplies such as gloves, balloons, catheters, tube connectors, and many more. The global healthcare industry revenue was registered above USD 1.5 trillion in 2017 and this revenue will further increase in the forecast years. This will boost medical supplies demand and eventually drive the isoprene rubber latex market. However, the product will also witness sharp competition from other synthetic latex materials such as vinyl, nitrile, etc. This may hamper the industry graowth to a certain extent.

Escalating condom demand around the globe will be a major contributor for the IRL market growth till 2025. The product is employed in manufacturing condoms and other thin-walled elastic products for the consumer and healthcare industries. Developing countries, such as India, China, Brazil, etc. have witnessed a steep rise in condom usage in recent years. This can be attributed to greater awareness among people about sexually transmitted diseases as well as efforts by various governmental and non-governmental organizations to control the expanding population. These trends will stimulate isoprene rubber latex market growth in the forecast years.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2880

According to a new research report by Global Market Insights, Inc. Isoprene Rubber Latex (IRL) Market size will likely surpass USD 340 million by 2025.

Condoms, medical gloves, medical balloons & catheters, and adhesives are the key application segments in the isoprene rubber latex market. Medical glove segment will dominate the overall IRL industry over the forecast years. The product?s high clarity and purity have been the main reasons behind their usage for this application. Condoms are another key application for the product and this segment will witness gains above 6% CAGR in forecast years.

Medical, industrial, and consumer products are the end-user segments in the isoprene rubber latex industry. Medical end-user accounted for a significant share of the IRL market with revenues in 2017 exceeding USD 150 million. Consumer product segment?s market will escalate by a stable rate in forecast years to reach around USD 50 million by 2025. Increasing condom demand is poised to be the major aspect driving this segments growth.

Asia Pacific occupied the highest share of the global IRL market in 2017 and this trend will hold sway during the study period. There is a substantial demand for the product in Malaysia and China owing to high rate of medical glove and condom production in these countries. North America isoprene rubber latex market growth rate will exceed 6% CAGR during the study period. Condom and adhesive production have been the key aspects driving the regions IRL industry.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2880

The global isoprene rubber latex market is characterized by the presence of only a few manufacturers including Kraton, JSR Corporation, Kuraray, Puyang Linshi, and Kent Elastomers. With rising product demand more players are likely to enter the market in the forecast years. However, new players are also likely to face stiff price competition from existing players in the industry.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Vinyl Acetate Monomer Market to register commendable proceeds during 2019–2024

Published Date: 2019-11-12         Author: Rahul Varpe

Global Market Insights, Inc. has recently added a new report on Vinyl Acetate Monomer Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of Vinyl Acetate Monomer industry. A strong vertical of polymers & advanced materials busi... Read More

Rigid Spray Polyurethane Foam Market to register an appreciable growth rate through 2024

Published Date: 2019-11-12         Author: Rahul Varpe

Global Market Insights, Inc. has recently added a new report on Rigid Spray Polyurethane Foam Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of Rigid Spray Polyurethane Foam industry. As energy conservation continues to ac... Read More

Unexpanded Perlite Market is expected to witness momentous gains during 2019 – 2024

Published Date: 2019-11-12         Author: Rahul Varpe

Global Market Insights, Inc. has recently added a new report on Unexpanded Perlite Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of unexpanded perlite industry. Over the recent years, the growth prospects of worldwide unexpand... Read More

© 2019 Fractovia. All Rights Reserved