PUBLISHER: KBV Research | PRODUCT CODE: 1397702
PUBLISHER: KBV Research | PRODUCT CODE: 1397702
The Latin America, Middle East and Africa Isoprene Market would witness market growth of 10.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 298.7 Kilo Tonnes, showcasing a growth of 10.0% (2023-2030).
The integration of bio-based isoprene into the market is gaining momentum. This shift towards bio-based sources aligns with the broader sustainability goals of industries. Bio-based isoprene offers a renewable alternative to traditionally sourced isoprene, reducing dependence on fossil fuels and lowering the carbon footprint associated with its production. Collaborations and partnerships are becoming more common among the key players in the isoprene value chain. These collaborations aim to leverage the expertise of different entities to drive innovation, improve production processes, and explore new applications for isoprene. Such alliances contribute to a more integrated and efficient market.
Integrating smart manufacturing technologies and process optimization tools is revolutionizing isoprene production. Automation, data analytics, and artificial intelligence are being employed to monitor and control various aspects of the production process, leading to increased efficiency, reduced waste, and lower energy consumption. This improves the economic viability of isoprene production and aligns with sustainability goals. Innovations in polymer science are opening new avenues for isoprene applications. High-performance polymers with enhanced properties, such as improved heat resistance and mechanical strength, are being developed by incorporating isoprene-derived materials. These novel materials find applications in industries ranging from aerospace to electronics, expanding the market growth of isoprene.
Isoprene-derived materials are commonly used in constructing and maintaining roads in South Africa. Rubberized asphalt, which includes isoprene-based polymers, can enhance the durability and performance of road surfaces, contributing to the development of infrastructure in terms of transportation in South Africa. Infrastructure projects involving the construction of bridges and tunnels often require elastomeric materials, such as those derived from isoprene in South Africa. Isoprene-based materials are used to formulate waterproofing membranes and sealants in South Africa. These materials are essential for protecting infrastructure elements such as tunnels, basements, and underground structures from water ingress, contributing to the overall resilience of the infrastructure in South Africa. The factors mentioned above will drive the regional market growth.
The Brazil market dominated the LAMEA Isoprene Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $213.3 million by 2030. The Argentina market is experiencing a CAGR of 11.3% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 11.6% during (2023 - 2030).
Based on Grade, the market is segmented into Polymer Grade, and Chemical Grade. Based on Application, the market is segmented into Tires, Adhesives, Industrial Rubber, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Shell plc, LyondellBasell Industries Holdings B.V., Kuraray Co., Ltd., Exxon Mobil Corporation, Shandong Baomo Biochemical Co., Ltd., Braskem SE (Odebrecht S.A), Chevron Phillips Chemical Company LLC, Pon Pure Chemicals Group (Pure Chemicals Co), China Petrochemical Corporation (Sinopec Group), and The Dow Chemical Company.
Market Segments covered in the Report:
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
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