Market by Grade, Usability, End-user, and Country Outlook | Forecast 2023-2030
According to Triton’s research report, the isoprene market in Latin America is estimated to propel at a CAGR of 6.02% in value and 3.56% in volume during the forecasted phase 2023-2030.
The
countries assessed in the region are:
•
Brazil
•
Mexico
•
Rest of Latin America
The isoprene market in Latin American countries is expected to benefit
from rising vehicle production. Moreover, automakers showing interest in
investing in the region will likely elevate the demand for isoprene. The
market’s growth potential is expected to boost due to the emergence of
construction firms resulting from economic growth. Brazilian automakers are
also expressing interest in establishing production facilities, further driving
the future demand for isoprene.
Furthermore, the expansion of the FMCG, furniture, electronics, and
medical equipment sectors, along with urbanization and population increase, is
projected to increase the demand for isoprene in the industries mentioned
above, supplementing the market growth.
Mexico dominates the region’s market with a
major share. The growth
of isoprene and related products trade is the primary driving force for the
studied market. As per the Observatory of Economic Complexity, Mexico’s rubber
exports in 2021 amounted to around $4.12 million, ranking it as the 52nd
largest rubber exporter globally. In the same period, Mexico emerged as the
20th largest rubber importer worldwide. Moreover, rubber was positioned to be
one of the nation’s most imported goods in 2021.
Styrene-isoprene styrene combines thermoplastic and elastic properties,
formed from isoprene and styrene homopolymer blocks. It boasts several key
characteristics, including exceptional strength, low hardness, and reduced
viscosity for simplified processing. Its tack and high flexibility make it ideal
for adhesives and pressure-sensitive applications. Additionally, the
affordability and softness of the copolymers make them suitable for sealants,
bitumen modification, and footwear manufacturing.
The market is segmented based on usability,
grade, and end-user.
The usability further includes styrene-isoprene styrene, isobutylene-isoprene
rubber, polyisoprene, and other usability.
Some
of the prominent companies in the market comprise Braskem, JSR Corporation, Dow
Chemical Company, Exxon Mobil Corporation, and China Petrochemical Corporation.
Braskem is one of the largest producers of polypropylene and
thermoplastic resins, offering a range of products such as polyethylene,
polypropylene, and polyvinyl chloride resins. Additionally, it manufactures
other chemicals, including ethene, soda, solvents, propene, isoprene, etc. The
company serves multiple industries, including agribusiness, rubber, adhesives,
construction, lubricants, automotive, paints and coatings, and retail.
Braskem’s operational presence extends to several countries, with headquarters
in Brazil.
Key
deliverables of the report:
●
Market CAGR during the forecasting years 2023-2030
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the isoprene market
revenue growth in Latin America and its influence on the parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the LA
isoprene market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
Market Segmented By Type, Appl ..
VIEW REPORT
Market By Raw Material, End-us ..
VIEW REPORT
Market by Type, Raw Material, ..
VIEW REPORT
Market by Technology, Type, En ..
VIEW REPORT
Market by Function, Product Ty ..
VIEW REPORT
Market by Product Type, Applic ..
VIEW REPORT
Market by Product, Industry Ve ..
VIEW REPORT
Market by Type, Material, Indu ..
VIEW REPORT1. LATIN
AMERICA ISOPRENE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
HISTORY
2.2. IMPACT
ANALYSIS ON THE ISOPRENE MARKET
2.2.1. COVID-19
IMPACT
2.2.2. UKRAINE-RUSSIA
WAR IMPACT
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
MATURITY ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW MATERIAL
SUPPLIERS
2.5.2. MANUFACTURERS
2.5.3. DISTRIBUTORS
2.5.4. APPLICATION
2.5.5. END-USER
2.6. REGULATORY
FRAMEWORK
2.7. KEY
BUYING IMPACT ANALYSIS
2.7.1. ELASTICITY
2.7.2. TENSILE
STRENGTH
2.7.3. ABRASION
RESISTANCE
2.7.4. PURITY
2.8. KEY
MARKET STRATEGIES
2.8.1. COLLABORATIONS
2.8.2. PRODUCT
LAUNCHES
2.8.3. MERGERS
& ACQUISITIONS
2.8.4. BUSINESS
EXPANSIONS
2.9. MARKET
DRIVERS
2.9.1. INCREASING
TIRE DEMAND IN THE AUTOMOTIVE INDUSTRY
2.9.2. SIGNIFICANT
DEMAND IN THE RUBBER SECTOR
2.9.3. DEMAND
AND APPLICATIONS OF POLYISOPRENE RUBBER IN THE MEDICAL INDUSTRY
2.10. MARKET
CHALLENGES
2.10.1. FLUCTUATIONS
IN RAW MATERIAL PRICES
2.10.2. REGULATIONS
IN THE RUBBER MANUFACTURING INDUSTRY
2.11. MARKET
OPPORTUNITIES
2.11.1. EMERGENCE
OF BIO-BASED ISOPRENE
2.11.2. GROWTH
IN THE FOOTWEAR INDUSTRY
2.11.3. SIGNIFICANT
RESEARCH AND DEVELOPMENT ACTIVITIES
2.12. ANALYST
PERSPECTIVE
3. LATIN
AMERICA ISOPRENE MARKET – BY GRADE
3.1. POLYMER
GRADE
3.2. CHEMICAL
GRADE
4. LATIN
AMERICA ISOPRENE MARKET – BY USABILITY
4.1. POLYISOPRENE
4.2. STYRENE-ISOPRENE
STYRENE
4.3. ISOBUTYLENE-ISOPRENE
RUBBER
4.4. OTHER
USABILITY
5. LATIN
AMERICA ISOPRENE MARKET – BY END-USER
5.1. TIRES
5.2. NON-TIRES/INDUSTRIAL
RUBBER
5.3. ADHESIVES
5.4. OTHER
END-USERS
6. LATIN
AMERICA ISOPRENE INDUSTRY – BY COUNTRY OUTLOOK
6.1. COUNTRY
ANALYSIS
6.1.1. BRAZIL
6.1.1.1. BRAZIL
ISOPRENE MARKET FORECAST & PROSPECTS
6.1.2. MEXICO
6.1.2.1. MEXICO
ISOPRENE MARKET FORECAST & PROSPECTS
6.1.3. REST
OF LATIN AMERICA
6.1.3.1. REST
OF LATIN AMERICA ISOPRENE MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. SHELL
PLC
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGES
7.2. LYONDELLBASELL
INDUSTRIES HOLDINGS BV
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGES
7.3. KURARAY
CO LTD
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. CHEVRON
PHILLIPS CHEMICAL COMPANY LLC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGES
7.5. BRASKEM
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. EXXON MOBIL
CORPORATION
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGES
7.7. CHINA
PETROCHEMICAL CORPORATION (SINOPEC)
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGES
7.8. THE
GOODYEAR TIRE AND RUBBER COMPANY
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. THE
DOW CHEMICAL COMPANY
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. JSR
CORPORATION
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE
1: LATIN AMERICA ISOPRENE MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
2: LATIN AMERICA ISOPRENE MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: LIST OF COLLABORATIONS
TABLE
5: LIST OF PRODUCT LAUNCHES
TABLE
6: LIST OF MERGERS & ACQUISITIONS
TABLE
7: LIST OF BUSINESS EXPANSIONS
TABLE
8: LATIN AMERICA ISOPRENE MARKET, BY
GRADE, 2023-2030 (IN $ MILLION)
TABLE
9: LATIN AMERICA ISOPRENE MARKET, BY
GRADE, 2023-2030 (IN KILOTON)
TABLE
10: LATIN AMERICA ISOPRENE MARKET, BY
USABILITY, 2023-2030 (IN $ MILLION)
TABLE
11: LATIN AMERICA ISOPRENE MARKET, BY
USABILITY, 2023-2030 (IN KILOTON)
TABLE
12: LATIN AMERICA ISOPRENE MARKET, BY
END-USER, 2023-2030 (IN $ MILLION)
TABLE
13: LATIN AMERICA ISOPRENE MARKET, BY
END-USER, 2023-2030 (IN KILOTON)
TABLE
14: LATIN AMERICA ISOPRENE MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
15: LATIN AMERICA ISOPRENE MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)
FIGURE
1: MARKET MATURITY ANALYSIS
FIGURE
2: INDUSTRY COMPONENTS
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: LATIN AMERICA ISOPRENE MARKET, BY
GRADE, 2022 & 2030 (IN %)
FIGURE
5: LATIN AMERICA ISOPRENE MARKET, BY
POLYMER GRADE, 2023-2030 (IN $ MILLION)
FIGURE
6: LATIN AMERICA ISOPRENE MARKET, BY
POLYMER GRADE, 2023-2030 (IN KILOTON)
FIGURE
7: LATIN AMERICA ISOPRENE MARKET, BY
CHEMICAL GRADE, 2023-2030 (IN $ MILLION)
FIGURE
8: LATIN AMERICA ISOPRENE MARKET, BY
CHEMICAL GRADE, 2023-2030 (IN KILOTON)
FIGURE
9: LATIN AMERICA ISOPRENE MARKET, BY
USABILITY, 2022 & 2030 (IN %)
FIGURE
10: LATIN AMERICA ISOPRENE MARKET, BY
POLYISOPRENE, 2023-2030 (IN $ MILLION)
FIGURE
11: LATIN AMERICA ISOPRENE MARKET, BY
POLYISOPRENE, 2023-2030 (IN KILOTON)
FIGURE
12: LATIN AMERICA ISOPRENE MARKET, BY
STYRENE-ISOPRENE STYRENE, 2023-2030 (IN $ MILLION)
FIGURE
13: LATIN AMERICA ISOPRENE MARKET, BY
STYRENE-ISOPRENE STYRENE, 2023-2030 (IN KILOTON)
FIGURE
14: LATIN AMERICA ISOPRENE MARKET, BY
ISOBUTYLENE-ISOPRENE RUBBER, 2023-2030 (IN $ MILLION)
FIGURE
15: LATIN AMERICA ISOPRENE MARKET, BY
ISOBUTYLENE-ISOPRENE RUBBER, 2023-2030 (IN KILOTON)
FIGURE
16: LATIN AMERICA ISOPRENE MARKET, BY
OTHER USABILITY, 2023-2030 (IN $ MILLION)
FIGURE
17: LATIN AMERICA ISOPRENE MARKET, BY
OTHER USABILITY, 2023-2030 (IN KILOTON)
FIGURE
18: LATIN AMERICA ISOPRENE MARKET, BY
END-USER, 2022 & 2030 (IN %)
FIGURE
19: LATIN AMERICA ISOPRENE MARKET, BY
TIRES, 2023-2030 (IN $ MILLION)
FIGURE
20: LATIN AMERICA ISOPRENE MARKET, BY
TIRES, 2023-2030 (IN KILOTON)
FIGURE
21: LATIN AMERICA ISOPRENE MARKET, BY
NON-TIRES/INDUSTRIAL RUBBER, 2023-2030 (IN $ MILLION)
FIGURE
22: LATIN AMERICA ISOPRENE MARKET, BY
NON-TIRES/INDUSTRIAL RUBBER, 2023-2030 (IN KILOTON)
FIGURE
23: LATIN AMERICA ISOPRENE MARKET, BY
ADHESIVES, 2023-2030 (IN $ MILLION)
FIGURE
24: LATIN AMERICA ISOPRENE MARKET, BY
ADHESIVES, 2023-2030 (IN KILOTON)
FIGURE
25: LATIN AMERICA ISOPRENE MARKET, BY
OTHER END-USERS, 2023-2030 (IN $ MILLION)
FIGURE
26: LATIN AMERICA ISOPRENE MARKET, BY
OTHER END-USERS, 2023-2030 (IN KILOTON)
FIGURE
27: LATIN AMERICA ISOPRENE MARKET, BY COUNTRY
OUTLOOK, 2022 & 2030 (IN %)
FIGURE
28: BRAZIL ISOPRENE MARKET 2023-2030 (IN
$ MILLION)
FIGURE
29: BRAZIL ISOPRENE MARKET 2023-2030 (IN
KILOTON)
FIGURE
30: MEXICO ISOPRENE MARKET 2023-2030 (IN
$ MILLION)
FIGURE
31: MEXICO ISOPRENE MARKET 2023-2030 (IN
KILOTON)
FIGURE
32: REST OF LATIN AMERICA ISOPRENE
MARKET 2023-2030 (IN $ MILLION)
FIGURE
33: REST OF LATIN AMERICA ISOPRENE
MARKET 2023-2030 (IN KILOTON)