Triton Market Research’s report infers that North America’s isoprene market is estimated to register a compound annual growth rate of 7.40% and 4.91% in revenue and volume, respectively, over the years from 2023 to 2030. Canada and the United States are examined in the given region.
In 2022, the production of truck and bus tires increased by approximately 0.2% in the US. As for light truck tires, production showed a slight increase over the previous year, as reported by USTMA data. Moreover, imports grew by roughly 4.9% in 2022, contributing to the gain in market share. Further, medium truck/bus tires saw a 10% increase, reaching 6.5 million units in 2022. All these factors are expected to drive increased demand and adoption of isoprene in tire manufacturing in the country.
In 2020, the Canadian government published a Performance Measurement Evaluation concerning the Risk Management of isoprene. The evaluation determined that the implemented risk management measures helped protect the health of Canadians, especially concerning the threats identified in the screening assessment, particularly during synthetic rubber production. Nevertheless, the isoprene market is anticipated to experience substantial growth due to the expansion of the automotive industry and rubber manufacturing. Competitive Outlook The renowned companies in the isoprene market consist of Braskem, Exxon Mobil Corporation, China Petrochemical Corporation (Sinopec), Kuraray Co Ltd, and Shell Plc.
1. North 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. North America Isoprene Market – By Grade
3.1. Polymer Grade
3.2. Chemical Grade
4. North America Isoprene Market – By Usability
4.1. Polyisoprene
4.2. Styrene-isoprene Styrene
4.3. Isobutylene-isoprene Rubber
4.4. Other Usability
5. North America Isoprene Market – By End-user
5.1. Tires
5.2. Non-tires/Industrial Rubber
5.3. Adhesives
5.4. Other End-users
6. North America Isoprene Market – By Country Outlook
6.1. Country Analysis
6.1.1. United States
6.1.1.1. United States Isoprene Market Forecast & Prospects