Medical gloves are estimated to remain a key application segment in the market. The demand for application in the medical gloves segment is estimated to grow at a CAGR of 8.2% during the forecast period.
The worldwide isoprene rubber latex market is anticipated to extend at eight.1% CAGR over the forecast length between 2021 and 2031, reveals future marketplace Insights (FMI) in a recent analysis. Growing demand of scientific gloves and condoms will continue riding the isoprene rubber latex income. Growing utilization in clinical and customer goods enterprise will create conducive environment for the growth of the marketplace within the coming years.
FMI also forecasts the global isoprene rubber latex marketplace to sign up yr-on-yr boom of 10.1% in 2021. Surging utility of isoprene rubber latex in production of scientific gloves and condoms will assist the marketplace gain traction over the route of the forecast duration.
| Isoprene Rubber Latex Market Base Year Value (2020A) | US$ 665.6 Mn |
| Isoprene Rubber Latex Market Estimated Year Value (2021E) | US$ 732.5 Mn |
| Isoprene Rubber Latex Market Projected Year Value (2031F) | US$ 1,602.0 Mn |
| Value CAGR (2021-2031) | 8.1% |
| Collective Value Share: Top 3 Countries (2020A) | 39.4% |
Rising call for of clinical gloves inside the healthcare industries due to growing consciousness approximately health and safety measures to be employed to save you the unfold of diseases after COVID – 19 pandemic is propelling increase of the isoprene rubber latex market.
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The increasing use of isoprene rubber latex inside the manufacture of personal protective device and business gadgets which include seals, gaskets, and conveyor belts is expected to be a main increase driver. The growing call for for custom designed business gloves is expected to strengthen the sales in the marketplace. Further to this, software in condom manufacturing will give a boost to sales prospects.
Key Takeaways:
“Rising demand of medical gloves from healthcare industry and the increasing usage of adhesives in food, medical and industrial packaging will drive the market of isoprene rubber latex through the projected period from 2021 to 2031,” says a FMI analyst.
Competitive Landscape
Key market participants in the global isoprene rubber latex market elaborated in the report includes Top Glove Corporation Bhd, Zeon Corporation, PAO Sibur Holdings, Kraton Corporation, Ansell Limited, Supermax Corp. Bhd, Royal Dutch Shell Plc, Kossan Rubber Industries Bhd, JSR Corporation, Hartalega Holdings Berhad, Rubberex Corporation, Johnson Wilshire, Medline Industries, Inc., Dipped Products Plc, Protective Industrial Products, Inc., and many others.
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Key players operating in the global isoprene rubber latex market are focusing on increasing their production capacities to strengthen their footprint especially in the emerging economies. Furthermore, key market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network. For instance:
Isoprene Rubber Latex Market by Category
By Application:
By End Use:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Aug 11, 2022
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