Introduction
The report covers detailed information about the Isoprene Rubber Latex market trends, dynamics, volume (Tons) and value (US$ Mn) projections, competition analysis and recent developments for the study period 2018 to 2028.
The global Isoprene Rubber Latex market is expected to reach a value of US$ 1,179.9 Mn by the end of the forecast period while registering a CAGR of 8.0% for the period between 2018 and 2028. China, followed by North America and South East Asia & Pacific, is anticipated to dominate the market throughout the forecast period.
Factors Influencing the Isoprene Rubber Latex Market Growth
Stringent regulations and standards and policies set by governments and other regulatory bodies to ensure safety and hygiene are expected to drive the demand for advanced and reliable gloves in all end-use industries, particularly the medical industry, during the forecast period. This may positively contribute to the growth of the global Isoprene Rubber Latex market.
Growing prevalence of sexually transmitted diseases and rising awareness among consumers about safe intercourse are other key factors driving the demand for condoms among consumers. This, in turn, is anticipated to positively contribute to the growth of the global Isoprene Rubber Latex market during the forecast period.
Medical Gloves Segment Is Anticipated to Dominate the Isoprene Rubber Latex Market During the Forecast Period
Medical gloves are generally disposable gloves used while examining patients or are worn during a surgery. Growing awareness about health and safety measures that have to be employed to stop the spread of diseases is one of the key factors fueling the demand for durable and hygienic medical gloves across the globe. Thus, increasing need for disposable gloves in respective regions or countries is expected to provide bilateral support to the global Isoprene Rubber Latex market during the forecast period.
The medical gloves segment is projected to account for a value share of more than half of the overall global Isoprene Rubber Latex market during the forecast period. In terms of incremental $ opportunity, the medical gloves segment is projected to create 2.8X the opportunity created by the second largest segment, condom, in the global Isoprene Rubber Latex market.
Growing Demand for Isoprene Rubber Latex for Various Consumer Goods Is Supporting the Growth of the Global Isoprene Rubber Latex Market
By end use, in terms of market value share, the medical segment is projected to dominate the global Isoprene Rubber Latex market during the slated time period. The industrial segment, on the other hand, is expected to hold minor share. However, in terms of market growth, the consumer goods segment is anticipated to project relatively high growth rate in the global Isoprene Rubber Latex market during the forecast period.
Key Developments in the Isoprene Rubber Latex Market
Manufacturers of Isoprene Rubber Latex are focusing on enhancing their product portfolio by introducing new products. The players are also engaged in acquisitions and collaborations with other manufacturers to improve their geographic reach in the global Isoprene Rubber Latex market.
- On 30th January 2017, the company, Ansell Limited, acquired Nitritex Limited, a fast-growing UK-based manufacturer of premium cleanroom and healthcare life science consumables
- On 23rd May 2017, Malaysia's Top Glove Corporation acquired two plants, one of 43,300 sq. m and the other of 7,700 sq. m for a total US$9.06 Mn, in a deal that gave the world's largest rubber glove producer greater access to China
Isoprene Rubber Latex Market Structure
Some of the prominent players covered in this study on Isoprene Rubber Latex market include Ansell Limited, Dipped Products Plc, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Top Glove Corporation Bhd, Rubberex Corporation (M) Bhd., Johnson Wilshire Inc., Protective Industrial Products, Inc., Smart Glove Corporation Sdn. Bhd., and Southern Glove, Inc., among others. Group key market players are focusing on product innovation and differentiation with unique capabilities to strengthen their market position across the globe.
Key Questions Answered in the Report
- How has the Isoprene Rubber Latex market evolved over the past four years?
- What shape is the Isoprene Rubber Latex market expected to take in terms of volume and value during the study period?
- What are some of the prevailing market dynamics in the Isoprene Rubber Latex market?
- What are the competition developments and trends in the Isoprene Rubber Latex market?
- What are some of the underlying macro-economic and industry factors impacting the growth of the Isoprene Rubber Latex market?
- What are the important challenges, opportunities and improvement factors for Isoprene Rubber Latex market players?
- What are the important market positioning and key strategies of key manufacturers as per the Isoprene Rubber Latex market taxonomy?
- How is the competition structured at present? How has it evolved in the Isoprene Rubber Latex market over the past few years?
Isoprene Rubber Latex Market: Segmentation
End Use
- Medical
- Consumer Goods
- Industrial
Application
- Medical Gloves
- Condoms
- Medical Balloons
- Catheters
- Adhesives
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- South East Asia and Pacific
- Middle East and Africa
- China
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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