Product Code: ETC4510945 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India isoprene market import shipment experienced a significant decline with a CAGR of -17.2% from 2020 to 2024. However, there was a notable growth rate of 84.9% between 2023 and 2024, indicating a potential turnaround or market resurgence in the latest period after a prolonged period of contraction.
Isoprene is used in the production of synthetic rubber, including tires. The India Isoprene market is closely linked to the automotive and tire manufacturing sectors, which have witnessed growth alongside the expanding automotive industry.
The isoprene market in India is witnessing growth due to several factors. One of the key drivers is the rubber and tire industry, which consumes a significant portion of isoprene for the production of synthetic rubber. With the expanding automotive sector and infrastructure development, the demand for tires has surged, boosting the isoprene market. Furthermore, isoprene is a vital component in the production of various adhesives, sealants, and specialty chemicals. The construction and packaging sectors also contribute to the growing demand for these products. As consumers seek more eco-friendly options, there is a growing interest in bio-based isoprene, which adds to the dynamics of the market.
The isoprene market in India may face challenges related to the sourcing of raw materials and the development of sustainable and eco-friendly production processes. Ensuring a consistent supply of isoprene is critical.
The India Isoprene market, like many other industries, has been affected by the COVID-19 pandemic. The outbreak disrupted supply chains and manufacturing operations, leading to a temporary slowdown in production. Demand for isoprene, used in applications like synthetic rubber, faced fluctuations due to changes in consumer behavior and reduced automotive production during lockdowns. However, as the economy gradually recovers, the market is expected to rebound, with growing applications in various sectors such as automotive, healthcare, and construction, driving its resurgence.
Major players in the India isoprene market include Kuraray Co., LyondellBasell Industries, and JSR Corporation. These companies specialize in the production and supply of isoprene used in the manufacturing of synthetic rubbers and various chemical applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Isoprene Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Isoprene Market Revenues & Volume, 2021 & 2031F |
3.3 India Isoprene Market - Industry Life Cycle |
3.4 India Isoprene Market - Porter's Five Forces |
3.5 India Isoprene Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Isoprene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Isoprene Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Isoprene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from end-use industries such as automotive, footwear, and healthcare |
4.2.2 Increasing investments in research and development for product innovation |
4.2.3 Favorable government policies and initiatives to promote domestic manufacturing and exports |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, particularly in the petrochemical industry |
4.3.2 Environmental regulations and concerns regarding the production process of isoprene |
4.3.3 Intense market competition from other synthetic rubber alternatives |
5 India Isoprene Market Trends |
6 India Isoprene Market, By Types |
6.1 India Isoprene Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Isoprene Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Isoprene Market Revenues & Volume, By Polymer grade, 2021-2031F |
6.1.4 India Isoprene Market Revenues & Volume, By Chemical grade, 2021-2031F |
6.2 India Isoprene Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Isoprene Market Revenues & Volume, By Polyisoprene, 2021-2031F |
6.2.3 India Isoprene Market Revenues & Volume, By Styrene isoprene styrene, 2021-2031F |
6.2.4 India Isoprene Market Revenues & Volume, By Isobutyl isoprene rubber, 2021-2031F |
6.3 India Isoprene Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Isoprene Market Revenues & Volume, By Tires, 2021-2031F |
6.3.3 India Isoprene Market Revenues & Volume, By Non-tires, 2021-2031F |
6.3.4 India Isoprene Market Revenues & Volume, By Adhesives, 2021-2031F |
7 India Isoprene Market Import-Export Trade Statistics |
7.1 India Isoprene Market Export to Major Countries |
7.2 India Isoprene Market Imports from Major Countries |
8 India Isoprene Market Key Performance Indicators |
8.1 Percentage of isoprene production capacity utilization |
8.2 Research and development expenditure as a percentage of total revenue |
8.3 Number of new product launches or patents related to isoprene applications |
9 India Isoprene Market - Opportunity Assessment |
9.1 India Isoprene Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Isoprene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Isoprene Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Isoprene Market - Competitive Landscape |
10.1 India Isoprene Market Revenue Share, By Companies, 2024 |
10.2 India Isoprene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |