Isoprene is a volatile and colorless liquid which is insoluble in water, however is soluble in ether, alcohol and hydrocarbon solvents. It is manufactured and sold in distinct concentrations across a broad range of verticals. The key applications of isoprene are its use as a monomer in the production of styrene-isoprene-styrene block copolymers, polyisoprene rubber and butyl rubber. The major focus of the manufacturers of butyl rubber and polyisoprene rubber lies on the usage of high purity as well as polymer grade isoprene. Isoprene is widely used in various end user industries including tires, adhesives and non-tires across various others. The rising utilization of synthetic rubber in the aforementioned industries is anticipated to fuel the overall growth of the global isoprene market.

Growing interest is widely witnessed in the manufacture of isoprene especially from genetically transformed microorganisms. This new and enhanced technology rapidly increases the fermentative abilities of micro organisms especially through a widened process of genetically engineered DNA. This technique enhances the overall activity of enzymes thus leading to an increased output of isoprene. This technique has a drastic potential on the global market especially for the production of biobased isoprene. Biobased isoprene has a wide range of applications in several end use industries. It is being increasingly used in the production of medical appliances, footwear, sporting goods and mechanical instruments among others.

The global isoprene market can be segmented on the basis of type, application and end-user industry and geography. On the basis of type, the global isoprene market can be segmented into chemical grade and polymer grade. On the basis of application, the global isoprene market can be segmented into polyisoprene, styrene isoprene styrene and isobutyl isoprene rubber. By end user industry, the global isoprene market can be segmented into tires, non-tires, and adhesives. On the basis of geography, the global isoprene market can be segmented into North America, Europe, Asia-Pacific and rest of the world.

The robust and brawny demand majorly in the developing regions across the globe especially Asia Pacific and Central and South America (CSA) regions is anticipated to bolster the overall growth of the global market. In addition to this, India and China are further anticipated to stagger for the largest market share and are anticipated to maintain their lead in the total demand over the forecast period. Key players tend to accumulate and consolidate their overall production capacities in order to lower the costs and strengthen their competitive goodwill by efficiently increasing the production.

Some of the key players in the global market include Nizhnekamskneftekhim, SIBUR, The Goodyear Tire & Rubber Company, Royal Dutch Shell Plc, Kuraray Co. Ltd., ZEON Corporation, LyondellBasell Industries N.V., JSRCorporation, Ningbo JinhaiChenguang, Shandong Yuhuang Chemical Group Co. Ltd., and Braskemamong others.