Isoprene Market: Global Industry Analysis and Forecast (2024-2030)

  • The Isoprene Market size was valued at USD 3.435 Bn. in 2023 and the total Global Isoprene revenue is expected to grow at a CAGR of 7.5% from 2024 to 2030, reaching nearly USD 5.7 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1713

Isoprene Market Overview

Isoprene is a colorless, volatile liquid hydrocarbon obtained in processing petroleum and coal tar to be used as a chemical raw material. The isoprene market is witnessing robust global growth, driven by factors such as escalating demand for synthetic rubber, increasing automotive production, and the rising utilization of isoprene in healthcare. The SMR analysis thoroughly examines essential market aspects, including profit margins, revenue trends, industry statistics, market barriers, and key players.


With a thorough examination, the report dissects the profit margins of key players across diverse regions and segments, offering valuable insights into market profitability dynamics. Also, the market trends underscore a consistent growth trajectory, supported by the growing adoption of isoprene-based products across multiple sectors, driven by its versatile attributes and broad applications.


The isoprene market offers demanding investment prospects driven by its crucial role in various industries. The soaring demand for synthetic rubber, predominantly driven by the automotive, construction, and consumer goods sectors, promotes a profitable investment environment. The growing automotive production globally, especially in emerging markets, signifies a substantial opportunity for investors due to isoprene's indispensable usage in the tire and automotive part manufacturing.


The increasing adoption of isoprene in healthcare applications, particularly in medical devices and pharmaceuticals, presents an attractive investment opportunity, poised for growth with ongoing advancements in healthcare technology. These factors collectively contribute to the isoprene market's appeal to investors seeking promising returns.


  • The leading supplier countries of isoprene rubber include China, Russia, and Japan. On the other hand, Vietnam, India, and China stand out as the top buyer nations for isoprene rubber. In terms of importing, China, the United States of America, and the Philippines rank as the top three countries. Equally, China, Russia, and Japan are the top exporters of isoprene rubber globally.

Isoprene Market


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Isoprene Market Dynamics

Elastomer Industry Growth

Isoprene is a crucial raw material for the production of elastomers, which are used in various applications such as footwear, construction, and industrial goods. The growth of these industries directly impacts the demand for Isoprene.  Elastomers, also known as rubber materials, possess unique properties like elasticity and resilience, making them indispensable across various industries. In the footwear sector, Isoprene-derived elastomers are extensively utilized for manufacturing shoe soles, heels, and other components.


The elasticity and durability of Isoprene-based elastomers enhance the comfort, longevity, and performance of footwear products.  Similarly, in the construction industry, Isoprene-based elastomers find broad applications in seals, gaskets, roofing materials, adhesives, and sealants. These materials offer exceptional weather resistance, adhesion, and flexibility, making them ideal for sealing and bonding in construction projects.

Isoprene Market1

The growing focus on environmental sustainability is a significant trend impacting the isoprene market.

Growing environmental concerns, there's a shift towards sustainable and bio-based alternatives to traditional petrochemical-derived materials. Isoprene derived from renewable sources such as biomass or bio-based feedstocks is gaining traction, aligning with the broader trend towards sustainability.  Market diversification is evident with the emergence of bio-based isoprene, supplementing the dominance of traditional fossil fuel-derived isoprene. Technological progressions in fermentation and extraction methods are driving efficiency and cost-effectiveness in bio-isoprene production, raising its adoption and further driving the shift towards sustainable options.


Supply Chain Disruptions

Disruptions in the supply chain, such as transportation delays, geopolitical tensions, and natural disasters, affect the availability of raw materials and distribution channels for isoprene products. These disruptions are expected to lead to inventory shortages, increased lead times, and higher operational costs. Inventory management becomes challenging due to unpredictable supply chains, making it hard for manufacturers to maintain consistent inventory levels. The dependence on just-in-time inventory management can lead to production slowdowns or finished goods shortages. Also, disruptions increase operational costs as companies incur expenses for expedited shipping, securing alternative raw material sources, and managing inventory fluctuations, further impacting profitability and operational efficiency.


  1. SMR Report highlights the price surge for isoprene in North America in September 2022. The increase was attributed to a combination of factors, including supply chain disruptions, heavy demand, and pre-existing supply issues.
  2. According to SMR analysis, Rise in Global Shipping costs from 2021 to 2023. That is expected to affect transportation costs, which significantly impact the landed price of raw materials like isoprene.


Isoprene Market Segment Analysis

By Grade, the polymer-grade segment held the largest market share in the Global Isoprene Market in 2023. According to SMR analysis, the segment is further expected to grow at a CAGR of XX% during the forecast period. Polymer-grade isoprene has more applications and a higher value than chemical-grade, it frequently has higher profit margins. Due to the higher labor force required for manufacture, distribution, and transportation. Its significance lies in tire production, where it serves as a key component for synthetic polyisoprene rubber, vital for automotive tires.


The escalating demand for vehicles drives the need for polymer-grade isoprene. Well-known for representing natural rubber's qualities such as elasticity, durability, and resilience, it finds extensive use across automotive, footwear, and construction industries. The SMR report provides a comprehensive examination of the polymer-grade isoprene segment within the larger isoprene market. Its dominant market share, projected growth, and indispensable role in various industries underscore its significance and potential for continued growth.

Isoprene Market2

Isoprene Market Regional Analysis

Asia Pacific leads the global isoprene market due to various factors. The region has increasing opportunities in the automotive industry, especially in China, India, and Japan, driving demand for isoprene, essential in synthetic rubber for tires and automotive parts. Also, the growing construction sector, driven by urbanization and infrastructure projects, boosts demand for isoprene-based elastomers in roofing materials and adhesives. Asia Pacific benefits from cost-competitive production, facilitated by established chemical manufacturing facilities and abundant raw materials, attracting domestic and international players to the market.


Sustainability concerns are encouraging a shift towards bio-based alternatives to conventional isoprene, with Asia Pacific observing remarkable advancements. Companies in the region are actively engaged in researching and developing bio-isoprene production technologies. For Example, in 2023, a Chinese biotechnology firm partnered with a European counterpart to establish a significant bio-isoprene production facility in China, reflecting the region's commitment to sustainable innovation.


China has gained a strong lead in the Asia Pacific isoprene market because of several important factors. The country has a strong manufacturing base and is home to a sizeable portion of the world's chemical production facilities, including isoprene factories. Additionally, favorable governmental policies aimed at stimulating growth in the chemical industry further strengthen China's leadership position, underscoring the nation's prominence in the regional and worldwide isoprene market landscape.


In the year 2022, a predominant portion of the chemical industry's capital expenditure was allocated to investments within China.

Isoprene Market3

Isoprene Market Competitive Landscape

The entrance of start-up players into the isoprene market brings notable impacts to the market landscape. It promotes market diversification by introducing innovative technologies and production methods, increasing options beyond traditional petrochemical-derived isoprene. Diversification provides the rising demand for sustainable solutions, enhancing market competitiveness. Additionally, heightened competition among players is expected to lead to price reductions and spur established entities to innovate and refine their production processes. The focus on sustainability by new entrants raises awareness within the isoprene market, influencing consumer preferences and nudging the industry towards environmentally friendly alternatives.


  1. To develop chemical recycling technologies that use used tires to achieve high-yield isoprene production, Bridgestone Corporation partnered with the National Institute of Advanced Industrial Science and Technology (AIST), Tohoku University, ENEOS Corporation, and JGC Holdings Corporation in February 2022.
  2. Kraton Crop was acquired by South Korean petrochemical company DL Chemical Co., Ltd. in March 2022. Following its acquisition, Kraton is now a fully owned subsidiary of DL Chemical. Extending investment and gaining further original technology through technical development, helps DL Chemical build a new materials industry ecosystem and helps both companies achieve their goals of being leaders in specialized chemicals.

Isoprene Market Scope

Market Size in 2023

USD 3.435 Bn.

Market Size in 2030

USD 5.7 Bn.

CAGR (2024-2030)

7.5 %

Historic Data


Base Year


Forecast Period



By Grade 

Polymer Grade

Chemical Grade

By Application



Industrial Rubber


Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America


Key Player in the Isoprene Market

  1. Spectrum Chemical Mfg
  2. Braskem 
  4. Junsei Chemical Co.,Ltd
  5. Xingrui Industry CO., LTD.
  6. Merck 
  7. LyondellBasell Industries
  8. Alfa Aesar, Thermo Fisher Scientific. 
  9. Pon Pure Chemicals Group
  10. Exxon mobil chemical
  11. BASF
  12. Kraton Corporation
  13. Hi-Tech Polymer
  14. REDCO
  15. Harboro Rubber
  16. Rubber mill
  17. tiger-poly
  18. Hanna Rubber Company
  19. Zeon
  20. Pon Pure Chemicals Group
  21. Henan Fengda Chemical Co., Ltd

Frequently Asked Questions

The growth of the isoprene market is primarily driven by the increasing demand for synthetic rubber in automotive tire production, coupled with the rising automotive industry worldwide. Additionally, advancements in technology and innovations in product formulations contribute to market growth.

1.    Isoprene Market: Research Methodology 
2.    Isoprene Market: Executive Summary
3.    Isoprene Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Isoprene Market: Dynamics
5.1. Market Driver 
5.1.1.    Increasing Consumer Awareness
5.1.2.    Innovation in Product Offerings

5.2. Market Trends by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Drivers by Region
5.3.1.    North America
5.3.2.    Europe
5.3.3.    Asia Pacific
5.3.4.    Middle East and Africa
5.3.5.    South America

5.4. Market Restraints
5.5. Market Opportunities
5.6. Market Challenges
5.7. PORTER’s Five Forces Analysis
5.8. PESTLE Analysis
5.9. Strategies for New Entrants to Penetrate the Market
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

6.    Isoprene Market Size and Forecast by Segments (by Value Units)
6.1. Isoprene Market Size and Forecast, by Type (2023-2030)
6.1.1.    Polymer Grade
6.1.2.    Chemical Grade

6.2.  Isoprene Market Size and Forecast, by Application (2023-2030)
6.2.1.    Tires
6.2.2.    Adhesives
6.2.3.    Industrial Rubber
6.2.4.    Others 

6.3. Isoprene Market Size and Forecast, by Region (2023-2030)
6.3.1.    North America
6.3.2.    Europe
6.3.3.    Asia Pacific
6.3.4.    Middle East and Africa
6.3.5.    South America

7.    North America Isoprene Market Size and Forecast (by value Units)
7.1. North America Isoprene Market Size and Forecast, by Type (2023-2030)
7.1.1.    Polymer Grade
7.1.2.    Chemical Grade

7.2.  North America Isoprene Market Size and Forecast, by Application (2023-2030)
7.2.1.    Tires
7.2.2.    Adhesives
7.2.3.    Industrial Rubber
7.2.4.    Others 

7.3. North America Isoprene Market Size and Forecast, by Country (2023-2030)
7.3.1.    United States
7.3.2.    Canada
7.3.3.    Mexico

8.    Europe Isoprene Market Size and Forecast (by Value Units)
8.1. Europe Isoprene Market Size and Forecast, by Type (2023-2030)
8.1.1.    Polymer Grade
8.1.2.    Chemical Grade

8.2.  Europe Isoprene Market Size and Forecast, by Application (2023-2030)
8.2.1.    Tires
8.2.2.    Adhesives
8.2.3.    Industrial Rubber
8.2.4.    Others 

8.3. Europe Isoprene Market Size and Forecast, by Country (2023-2030)
8.3.1.    UK
8.3.2.    France
8.3.3.    Germany
8.3.4.    Italy
8.3.5.    Spain
8.3.6.    Sweden
8.3.7.    Austria
8.3.8.    Rest of Europe

9.    Asia Pacific Isoprene Market Size and Forecast (by Value Units)
9.1. Asia Pacific Isoprene Market Size and Forecast, by Type (2023-2030)
9.1.1.    Polymer Grade
9.1.2.    Chemical Grade

9.2.  Asia Pacific Isoprene Market Size and Forecast, by Application (2023-2030)
9.2.1.    Tires
9.2.2.    Adhesives
9.2.3.    Industrial Rubber
9.2.4.    Others 

9.3. Asia Pacific Isoprene Market Size and Forecast, by Country (2023-2030)
9.3.1.    China
9.3.2.    S Korea
9.3.3.    Japan
9.3.4.    India
9.3.5.    Australia
9.3.6.    Indonesia 
9.3.7.    Malaysia
9.3.8.    Vietnam
9.3.9.    Taiwan
9.3.10.    Bangladesh 
9.3.11.    Pakistan
9.3.12.    Rest of Asia Pacific

10.    Middle East and Africa Isoprene Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Isoprene Market Size and Forecast, by Type (2023-2030)
10.1.1.    Polymer Grade
10.1.2.    Chemical Grade

10.2.  Middle East and Africa Isoprene Market Size and Forecast, by Application (2023-2030)
10.2.1.    Tires
10.2.2.    Adhesives
10.2.3.    Industrial Rubber
10.2.4.    Others 

10.3. Middle East and Africa Starch-based bio plastics Market Size and Forecast, by Country (2023-2030)
10.3.1.    South Africa
10.3.2.    GCC
10.3.3.    Egypt
10.3.4.    Nigeria
10.3.5.    Rest of ME&A

11.    South America Starch-based bio plastics Market Size and Forecast (by Value Units)
11.1. South America Isoprene Market Size and Forecast, by Type (2023-2030)
11.1.1.    Polymer Grade
11.1.2.    Chemical Grade

11.2.  South America Isoprene Market Size and Forecast, by Application (2023-2030)
11.2.1.    Tires
11.2.2.    Adhesives
11.2.3.    Industrial Rubber
11.2.4.    Others 

11.3. South America Isoprene Market Size and Forecast, by Country (2023-2030)
11.3.1.    Brazil
11.3.2.    Argentina
11.3.3.    Rest of South America

12.    Company Profile: Key players
12.1. Spectrum Chemical Mfg
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Braskem 
12.4. Junsei Chemical Co.,Ltd
12.5. Xingrui Industry CO., LTD.
12.6. Merck 
12.7. LyondellBasell Industries
12.8. Alfa Aesar, Thermo Fisher Scientific. 
12.9. Pon Pure Chemicals Group
12.10. Exxonmobilchemical
12.11. BASF
12.12. Kraton Corporation
12.13. Hi-Tech Polymer
12.14. REDCO
12.15. Harboro Rubber
12.16. Rubbermill
12.17. tiger-poly
12.18. Hanna Rubber Company
12.19. Zeon
12.20. Pon Pure Chemicals Group
12.21. Henan Fengda Chemical Co., Ltd
13.    Key Findings
14.    Industry Recommendation

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