regulation. This is expected to be a major challenge for growth of adhesive and sealants
end-use industry segment over the forecast period.
Key manufacturers are focusing on launching new products and plant expansion to
expand their product portfolio and to cater to increasing consumer demand. For
instance, in September 2013, Ansell launched an array of products in Touch n Tuff
product line, which includes polyisoprene gloves for workers in aseptic environment.
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Market Outlook
North America holds a significant position in the global isoprene monomer market,
owing to rising demand for tire in automotive industry. According to the U.S.
International Trade Administration (ITA), U.S. is the second largest market for vehicle
production and sales in the world. In 2017, the sales value of light vehicles was 17.1
million units in the U.S.
Asia Pacific is expected to be the fastest growing region in the global isoprene monomer
market over the forecast period. Asia Pacific is a lucrative market for natural rubber,
primarily driven by the strong performance of automobile industry in the region. The
rise in number of personal vehicles and transit of consumer goods, people and raw
material has boosted automobile industry. According to the China Association of
Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers
(SIAM), sales of cars in China stood at 28.03 million in 2016 and was 3 million in
India.
Key Players
Some of the leading players operating in the global isoprene monomer market include
Kraton Corporation, Royal Dutch Shell Plc., JSR Corporation, Kuraray Co., Ltd, Amyris,
Inc., Precision Dippings Manufacturing Ltd., Exxon Mobil Corporation, and Zeon
Corporation.
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