Rubber Monomer Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET INTRODUCTION

The major component of rubber is the volatile colorless isoprene monomer, which is produced from several plants, such as poplar, oak, eucalyptus, and others. Rubber monomer is used to manufacture synthetic rubber and is also used with unsaturated compounds to manufacture polymer materials. It is also heavily utilized in the manufacture of butyl rubber and polyisoprene rubber. Advancements in construction and automotive industries are considered to catalyze the growth of rubber polymer market.

MARKET DYNAMICS

Rubber monomer is significantly used in the production of tires. The demand for tires is increasing substantially, owing to the rising population. Population growth boosts the demand for means of transportation for people as well as goods. Rapid industrialization, coupled with the growth of e-commerce, is also aiding the vehicle demand, further proliferating the demand for tires. The demand for tires was about 2.84 billion units in 2014, and it reached 3.66 billion units in 2021. In addition to this, rubber monomer will witness considerable growth with rising application in the manufacture of extruded hoses, pipe gaskets, rubber bands, shock-absorbing bushings, baby bottle nipples, and others.

MARKET SCOPE

The "Global Rubber Monomer Market Analysis to 2031” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the rubber monomer market with detailed market segmentation by type, application, end user and geography. The global rubber monomer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rubber monomer market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global rubber monomer market is segmented on the basis of type, application and end user. On the basis of type, rubber monomer market is classified into polymer grade and chemical grade.On the basis of application, rubber monomer market is classified into polyisoprene, styrene-isoprene-styrene, isobutylene-isoprene rubber, and others. On the basis of end user, market is segmented into tires, non-tires, adhesives, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global rubber monomer market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The rubber monomer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the rubber monomer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rubber monomer market in these regions.

MARKET PLAYERS

The reports cover key developments in the rubber monomer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from rubber monomer market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the rubber monomer market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rubber monomer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   JSR Corporation
  
•   Kuraray Co. Ltd
  
•   LyondellBasell Industries N.V.
  
•   Nizhnekamskneftekhim
  
•   Royal Dutch Shell PLC
  
•   Sibur
  
•   Sinopec
  
•   The Goodyear Tire and Rubber Company
  
•   Yuangang Petrochemical
  
•   Zeon Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Rubber Monomer Report Scope