Global Isoprene Rubber Latex (IRL) Market, By Application (Medical Gloves, Medical Balloons & Cathet

Published Date: | Report Code : MT1958296

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Global Isoprene Rubber Latex (IRL) Market, By Application (Medical Gloves, Medical Balloons & Catheters, Condoms, Adhesives, Others), By End Users (Medical, Consumer Goods, Industrial), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2025)

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Domain : Materials

Report Code : MT1958296

Status : Upcoming

Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the isoprene rubber latex market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of isoprene rubber latex market during the forecast period. 

Isoprene Rubber Latex is being used heavily as a substitute for natural latex. This product is synthetically manufactured, and it contains no impurities. It also has properties such as strength, softness, flow, and elongation. Due to these factors, IRL is preferred more over natural rubber latex.

Segment Analysis:

By the application, it is segmented into medical gloves, medical balloons & catheters, condoms, adhesives, and others. Among the other applications, medical gloves are the largest sector, as there is an ever-increasing demand for gloves in the medical industry.

On the basis of the end-users, it is divided into medical, consumer goods and industrial. Medical is the major segment amongst the end users, as the IRL is being used in a number of applications in the industry. Any developments made in the medical industry will drive the growth of this market.

Key Factors Impacting Market Growth:

Increasing regulations regarding protective equipment

Growing awareness about the spread of STDs

Regional Analysis:

By region, isoprene rubber latex market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for isoprene rubber latex market.

Asia Pacific is estimated to register highest CAGR by region during the forecast period. Presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for isoprene rubber latex market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: JSR Corporation, Kraton Corporation, Kuraray Co., Ltd., Puyang Linshi Chemical & New Material Co., Ltd., and Kent Elastomers...

Market Segmentation:

By Application:

  • Medical Gloves

  • Medical Balloons & Catheters

  • Condoms

  • Adhesives

  • Others

By End Users:

  • Medical

  • Consumer Goods

  • Industrial

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

    • By End Users

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Application

    • By End Users

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

    • By End Users

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Application

    • By End Users

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Application

    • By End Users

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

    • By End Users

Reasons to Buy This Report:

  • Market size estimation of the global IRL market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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