Isoprene Rubber Latex Market is estimated tom

Isoprene Rubber Latex Market is estimated to register growth at 8.1% CAGR between 2021 and 2031

The
global isoprene rubber latex market is
anticipated to expand at 8.1% CAGR over the forecast
period between 2021 and 2031, finds Future Market Insights (FMI) in a recent
analysis. Increasing demand of medical gloves and condoms will continue driving
the isoprene rubber latex sales. Growing utilization in medical and consumer
goods industry will create conducive environment for the growth of the market
in the coming years.

Rising
demand of medical gloves in the healthcare industries due to growing awareness
about health and safety measures to be employed to prevent the spread of
diseases after COVID – 19 pandemic is propelling growth of the isoprene rubber
latex market.

The
increasing use of isoprene rubber latex in the manufacture of personal
protective equipment and industrial items such as seals, gaskets, and conveyor
belts is anticipated to be a major growth driver. The growing demand for customized
industrial gloves is expected to bolster the sales in the market. In addition
to this, application in condom manufacturing will strengthen sales prospects.

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Key
Takeaways:

• Medical glove manufacturers
  are the predominant consumers of isoprene rubber latex. Medical gloves
  segment exhibited high demand following the COVID-19 outbreak.


• Application in condom
  manufacturing will increasing, driving sales in the market.


• Demand in the U.S. will grow
  year on year by 8.8% in 2021.


• Demand in China will grow by
  8.8% between 2021 and 2031.


• Sales in Germany will
  account for 14.3% of overall consumption in Europe in 2021.

“Rising
demand of medical gloves from healthcare industry and the increasing usage of
adhesives in food, medical and industrial packaging will drive the market of
isoprene rubber latex through the projected period from 2021 to 2031,” says a
FMI analyst.

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Competitive
Landscape  

Key
market participants in the global isoprene rubber latex market elaborated in
the report includes Top Glove Corporation Bhd, Zeon Corporation, PAO Sibur
Holdings, Kraton Corporation, Ansell Limited, Supermax Corp. Bhd, Royal Dutch
Shell Plc, Kossan Rubber Industries Bhd, JSR Corporation, Hartalega Holdings
Berhad, Rubberex Corporation, Johnson Wilshire, Medline Industries, Inc.,
Dipped Products Plc, Protective Industrial Products, Inc., and many others.

Key
players operating in the global isoprene rubber latex market are focusing on
increasing their production capacities to strengthen their footprint especially
in the emerging economies. Furthermore, key market participants are focusing on
mergers, acquisitions and collaborations strategies to expand their global
presence and strengthen their distribution network. For instance:

• In April 2018, Top Glove
  Corp Bhd acquired Aspion Sdn Bhd transforming the company into one of the
  world's largest surgical glove maker and strengthening its position as the
  world's largest glove manufacturer.

More
Insights into the Isoprene Rubber Latex Market Report

In its
latest report, FMI offers an unbiased analysis of the Global Isoprene Rubber
Latex market, providing historical data for the period of 2016-2020 and
forecast statistics for the period of 2021-2031. In order to understand the
global market potential, its growth, and scope, the market is segmented on the
basis of application (medical gloves, condoms, medical balloons, catheters and
adhesives.), end use (medical, consumer goods and industrial) across seven
regions (North America, Latin America, Europe, East Asia, South Asia, Oceania,
and Middle East & Africa).

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About
Future Market Insights (FMI)

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Market Insights (FMI) is a leading provider of market intelligence and
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their consumers.

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