Isoprene rubber latex market By Regional Statistics & Growth Forecast 2019-2024
Category: #headline  By Ashwin Naphade  Date: 2019-09-13
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Isoprene rubber latex market By Regional Statistics & Growth Forecast 2019-2024

According to a new research report by Global Market Insights, Inc.Isoprene Rubber Latex (IRL) Market size will likely surpass USD 340 million by 2025.

Isoprene rubber latex market has recorded steady growth trends in the recent years, as the material has found expansive use in products like surgical gloves, medical balloons and catheters. Recently Kraton Corp., one of the major players in the isoprene runner latex market and a manufacturer of specialty polymer and bio based chemical products, announced that it will be showcasing its medical and consumer products during the 2018 International Rubber Glove Conference and Exhibition.

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According to statistics provided on condom usage, reports claim that over 4.5 billion condoms are sold every year in the United States and the numbers are even more significant on the global scale. This robust product demand can be accredited to rising awareness toward condom usage as a contraceptive against birth control, sexually transmitted diseases, HIV, and other infections. In addition, the U.S. Centers for Disease Control and Prevention’s statistics claims that over 20 million new cases of STD’s are diagnosed every year in the United States and have significantly influenced condom demand.

Another key application segment that has impelled isoprene rubber latex market share is the soring worldwide production of condoms. The remarkable latex condoms product demand, given the increasing allergic reactions from natural rubber condoms, have prominently fueled isoprene rubber latex market share from condom application segment. It has been reported that more than 60% of condoms are now manufactured from latex, owing to their features of elasticity, strength, elongation, and softness.

On the regional front, the U.S. has emerged as a significant investment ground by showcasing highest demand for medical gloves. While considering the other aspects, the Asia Pacific belt has shown better growth prospects in terms of manufacturing and commercialization potential of medical gloves. Counting on these recent trends, it is pretty overt that the demand for medical gloves and balloons will play a critical role in the expansion of the global isoprene rubber latex market.

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Speaking along similar lines, Asia Pacific, driven by rising population base & high prevalence of STDs is poised to exhibit a significant demand for condoms. Estimates claim that the global population hit 7.6 billion in 2018, of which China recorded major share of over 1.4 billion followed by India with 1.3 billion. This has considerably triggered the regional governments to control the rising population by promoting family planning and the use of contraceptives. Largely thriving on these trends and the high production rate of condoms, Asia Pacific accounted for the largest regional market for isoprene rubber latex amassing USD 160 million in 2017.

Partial Chapter of the Table of Content:

Isoprene Rubber Latex (IRL) Market by Application

  • Medical gloves
  • Medical balloons & catheters
  • Condoms
  • Adhesives
  • Others

Isoprene Rubber Latex (IRL) Market by End-user

  • Medical
  • Consumer products
  • Industrial

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Beyond the vast scope in the medical application, isoprene rubber latex market is expected to diversify its growth avenues from the industrial sector, where it is used in the manufacturing of rubber sheets, adhesives, membranes, bands, and drapes. The product is also used in CSA (cold seal adhesives) which is used for bonding foil, plastics, paper, etc., in the medical, food, and industrial packaging applications. Boasting a vast application portfolio, it goes without saying that the global isoprene rubber latex industry has endorsed itself as one of the most remunerative businesses of the overall polymers & advanced materials, and is forecast to cross USD 340 million in terms of remuneration by 2025.

About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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