Isoprene Market 2021-2027, Market Size will reach in 2027, with a CAGR of during Forecast Period
Isoprene is a common name for the chemical compound 2-methylbuta-1,3-diene. At a room temperature, purified Isoprene is a highly flammable, colorless liquid that can be easily ignited. They are classified based on the purity into polymer grade and chemical grade. Utilization of high-quality isoprene is overwhelmed by interest for and creation of polyisoprene elastomers, which represented more than 50% of aggregate isoprene utilization in 2016. As per our analysis, some of the prominent market factors and trends identified in the Global Isoprene Market include rapid construction activities, rising demand for tires from the automotive industry, and increasing expenditure on personal care products. Moreover, demand for Isoprene is predicted to witness a significant growth over the assessment period due to surging automotive industry. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during t