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Isoprene Rubber Latex (IRL) Market Growth Factors, Future Scope and Regional Forecast by 2025

Author : Rahul Varpe | Published Date : 2019-05-15 

Global Market Insights provides a detailed overview of Isoprene Rubber Latex (IRL) market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Isoprene Rubber Latex (IRL) market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Positively inclining on the application landscape that majorly encompasses the healthcare & industrial sectors, the global isoprene rubber latex market has been carving a lucrative growth graph since the last few years. In the healthcare industry, rubber latex is widely used in the production of medical gloves, condoms, adhesives, medical balloons & catheters and other applications such as tube connector, medical stoppers, footwear, etc. It has been reported that medical gloves application is among one of the most chief segments that is profitably driving isoprene rubber latex industry share.

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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.

According to statistics provided on condom usage, reports claim that over 4.5 billion condoms are sold every year in the United States and the numbers are even more significant on the global scale. This robust product demand can be accredited to rising awareness toward condom usage as a contraceptive against birth control, sexually transmitted diseases, HIV, and other infections. In addition, the U.S. Centers for Disease Control and Prevention’s statistics claims that over 20 million new cases of STD’s are diagnosed every year in the United States and have significantly influenced condom demand.

Isoprene rubber latex market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD thousand from 2014 to 2025, for the following segments:

Isoprene Rubber Latex (IRL) Market by Application:

  • Medical gloves
  • Medical balloons & catheters
  • Condoms
  • Adhesives
  • Others

Isoprene Rubber Latex (IRL) Market by End-user:

  • Medical
  • Consumer products
  • Industrial

 

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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.

Asia Pacific occupied the highest share of the global isoprene rubber latex 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 industry growth rate will exceed 6% CAGR during the study period. Condom and adhesive production have been the key aspects driving the regions IRL industry. 

The global isoprene rubber latex market is characterized by the presence of only a few manufacturers including:

  • Kraton
  • JSR Corporation
  • Kuraray
  • Puyang Linshi
  • 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.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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

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