North America Isoprene Market Size, Share & Industry Trends Analysis Report By Grade (Polymer Grade, and Chemical Grade, By Application (Tires, Adhesives, Industrial Rubber, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Isoprene Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 342.2 Kilo Tonnes, showcasing a growth of 5.9% (2019-2022).
Isoprene is a colourless and flammable gas used to manufacture various items, such as tires and synthetic rubbers. In addition to its application in synthetic rubbers, isoprene is a prominent feedstock in the production of plastic and a fuel additive. The growing usage of isoprene in various industrial applications is expected to be the primary driving force for the product market during the forecast period. This is due to its widespread use in tire manufacturing, an essential component of automotive manufacturing. Increasing personal incomes are the primary driver of the tire industry's expansion, as they stimulate a greater demand for automobiles. Increased demand for tires will likely increase product demand in the upcoming years. The increasing utilization of isoprene in manufacturing rubber, tires, and adhesives is the primary driver of its demand growth. The product is classified as a hydrocarbon compound primarily created for use in the creation of synthetic rubber.
Numerous industries, including consumer goods, automotive, electrical & electronics, and others, employ industrial rubber and plastics. Industrial rubber and plastics are mostly used in the automotive industry. Most parts in an automobile's sitting area are rubber or plastic. Rubber is extensively utilized in the doors, seats, clutch and gear panels, steering, and other passenger car parts, whereas plastic is frequently used in the dashboard. Rubber and plastic are used mostly in producing electrical and electronic devices. In the upcoming years, the expanding automotive, electrical, and electronics sectors will be projected to drive demand for the product.
The US market dominated the North America Isoprene Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $964.8 million by 2030. The Canada market is exhibiting a CAGR of 7.3% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.9% during (2023 - 2030).
Based on Grade, the market is segmented into Polymer Grade, and Chemical Grade. Based on Application, the market is segmented into Tires, Adhesives, Industrial Rubber, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Shell plc, LyondellBasell Industries Holdings B.V., Kuraray Co., Ltd., Exxon Mobil Corporation, Shandong Baomo Biochemical Co., Ltd., Braskem SE (Odebrecht S.A), Chevron Phillips Chemical Company LLC, Pon Pure Chemicals Group (Pure Chemicals Co), China Petrochemical Corporation (Sinopec Group), and The Dow Chemical Company.
Scope of the Study
Market Segments covered in the Report:
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Polymer Grade
- Chemical Grade
- Tires
- Adhesives
- Industrial Rubber
- Others
- US
- Canada
- Mexico
- Rest of North America
- Shell plc
- LyondellBasell Industries Holdings B.V.
- Kuraray Co., Ltd.
- Exxon Mobil Corporation
- Shandong Baomo Biochemical Co., Ltd.
- Braskem SE (Odebrecht S.A)
- Chevron Phillips Chemical Company LLC
- Pon Pure Chemicals Group (Pure Chemicals Co)
- China Petrochemical Corporation (Sinopec Group)
- The Dow Chemical Company
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Isoprene Market, by Grade
- 1.4.2 North America Isoprene Market, by Application
- 1.4.3 North America Isoprene Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Isoprene Market, By Grade
- 4.1 North America Polymer Grade Market, By Country
- 4.2 North America Chemical Grade Market, By Country
- Chapter 5. North America Isoprene Market, By Application
- 5.1 North America Tires Market, By Country
- 5.2 North America Adhesives Market, By Country
- 5.3 North America Industrial Rubber Market, By Country
- 5.4 North America Others Market, By Country
- Chapter 6. North America Isoprene Market, By Country
- 6.1 US Isoprene Market
- 6.1.1 US Isoprene Market, By Grade
- 6.1.2 US Isoprene Market, By Application
- 6.2 Canada Isoprene Market
- 6.2.1 Canada Isoprene Market, By Grade
- 6.2.2 Canada Isoprene Market, By Application
- 6.3 Mexico Isoprene Market
- 6.3.1 Mexico Isoprene Market, By Grade
- 6.3.2 Mexico Isoprene Market, By Application
- 6.4 Rest of North America Isoprene Market
- 6.4.1 Rest of North America Isoprene Market, By Grade
- 6.4.2 Rest of North America Isoprene Market, By Application
- Chapter 7. Company Profiles
- 7.1 Shell plc
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 LyondellBasell Industries Holdings B.V.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 SWOT Analysis
- 7.3 Kuraray Co., Ltd.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Recent strategies and developments:
- 7.3.4.1 Partnerships, Collaborations, and Agreements:
- 7.3.4.2 Geographical Expansions:
- 7.3.5 SWOT Analysis
- 7.4 Exxon Mobil Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Partnerships, Collaborations, and Agreements:
- 7.4.6 SWOT Analysis
- 7.5 Shandong Baomo Biochemical Co., Ltd.
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Braskem S.A. (Odebrecht S.A)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.6 SWOT Analysis
- 7.7 Chevron Phillips Chemical Company LLC
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 SWOT Analysis
- 7.8 Pon Pure Chemicals Group (Pure Chemicals Co)
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 China Petrochemical Corporation (Sinopec Group)
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Research & Development Expenses
- 7.9.4 SWOT Analysis
- 7.10. The Dow Chemical Company
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis
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