Isoprene Rubber Latex (IRL) Market 2019: Business Growth, Trend and Forecast 2025

Global Market Insights, Inc. has added a new report on Isoprene Rubber Latex (IRL) Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Positively inclining on the application landscape that majorly encompasses the healthcare & industrial sectors, the global isoprene rubber latex (IRL) market has been carving a lucrative growth graph since the last few years. In the healthcare industry, rubber latex is widely used in the production of medical gloves, condoms, adhesives, medical balloons & catheters and other applications such as tube connector, medical stoppers, footwear, etc. It has been reported that medical gloves application is among one of the most chief segments that is profitably driving isoprene rubber latex industry share.

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Medical gloves application| Isoprene rubber latex market trends

Accounting for an overall industry valuation of USD 5 billion in 2017, estimates claim that global medical glove market will resister a y-o-y growth of 6% over 2018-2025. The robust product growth can be credited to the rising prevalence of chronic and acute diseases, which by extension has propelled the demand for personal and protective equipment in the medical space.

On the regional front, the U.S. has emerged as a significant investment ground by showcasing highest demand for medical gloves. While considering the other aspects, the Asia Pacific belt has shown better growth prospects in terms of manufacturing and commercialization potential of medical gloves. Counting on these recent trends, it is pretty overt that the demand for medical gloves and balloons will play a critical role in the expansion of the global isoprene rubber latex (IRL) market.

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Condoms application | Isoprene rubber latex market trends

According to reliable reports, the global condom industry is estimated to reach a net worth of USD 11 billion by 2025, with a CAGR of 7% over 2018-2025. And this rise in the condom market will directly impact the global isoprene rubber latex (IRL) market share in the ensuing years. Accumulating a profitable market chunk and forming a significant growth avenue, the IRL market from the condoms application segment is expected to record a y-o-y growth of 6% over 2018-2025.

According to statistics provided on condom usage, reports claim that over 4.5 billion condoms are sold every year in the United States and the numbers are even more significant on the global scale. This robust product demand can be accredited to rising awareness toward condom usage as a contraceptive against birth control, sexually transmitted diseases, HIV, and other infections. In addition, the U.S. Centers for Disease Control and Prevention’s statistics claims that over 20 million new cases of STD’s are diagnosed every year in the United States and have significantly influenced condom demand.

Another key application segment that has impelled isoprene rubber latex industry share is the soring worldwide production of condoms. The remarkable latex condoms product demand, given the increasing allergic reactions from natural rubber condoms, have prominently fueled isoprene rubber latex (IRL) market share from condom application segment. It has been reported that more than 60% of condoms are now manufactured from latex, owing to their features of elasticity, strength, elongation, and softness.

Partial Chapter of the Table of Content:

Chapter 2. Executive Summary

2.1.  Isoprene rubber (IR) latex market 360synopsis, 2014 – 2025

2.1.1. Business trends

2.1.2. Application trends

2.1.3. End-user trends

2.1.4. Regional trends

Chapter 3.   Isoprene Rubber Latex (IRL) Market Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2014 – 2025

3.3.  Industry ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition at each stage

3.3.3. Distributor channel analysis

3.3.4. Vendor matrix

3.3.4.1.    List of key raw material suppliers

3.3.4.2.    List of key manufacturers/supplier

3.3.4.3.    List of key/potential customers

3.4.  Raw material analysis

3.5.  Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Future trends

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.       Increasing medical gloves demand in the healthcare sector

3.6.1.2.       Rising condom demand across the globe

3.6.2. Industry pitfalls & challenges

3.6.2.1.       Substitution by other latex and rubber products

3.7.  Regulatory landscape

3.7.1. Global

3.7.2. U.S.

3.7.3. Europe

3.7.4. China

3.8.  Growth potential analysis

3.9.  Competitive landscape, 2017

3.9.1.     Company market share, 2017

3.9.2.     Brand analysis

3.9.3.     Key stakeholders

3.9.4.     Strategy dashboard

3.10.  Porter’s analysis

3.10.1.  Supplier power

3.10.2.  Buyer power

3.10.3.  Threat of new entrants

3.10.4.  Threat of substitutes

3.10.5.  Industry rivalry

3.11.  Regional price trends

3.11.1.  Cost structure analysis

3.11.1.1.     R&D cost

3.11.1.2.     Manufacturing & equipment cost

3.11.1.3.     Raw material cost

3.11.1.4.     Distribution cost

3.11.1.5.     Operating cost

3.11.1.6.     Miscellaneous cost

3.11.2.  Price by application

3.11.3.  Price by end-user

3.12.  PESTEL analysis

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Beyond the vast scope in the medical application, isoprene rubber latex market is expected to diversify its growth avenues from the industrial sector, where it is used in the manufacturing of rubber sheets, adhesives, membranes, bands, and drapes. The product is also used in CSA (cold seal adhesives) which is used for bonding foil, plastics, paper, etc., in the medical, food, and industrial packaging applications. Boasting a vast application portfolio, it goes without saying that the global isoprene rubber latex industry has endorsed itself as one of the most remunerative businesses of the overall polymers & advanced materials, and is forecast to cross USD 340 million in terms of remuneration by 2025.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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