Isoprene Market To witness Huge Expansion By 2030
Isoprene Industry The global isoprene market size is expected to reach USD 8,437.8 million by 2030, expanding at 7.8% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the rising utilization of isoprene in the production of rubber, tires, and adhesives. A significant proportion of the total production of isoprene is used in the production of polymers and copolymers. Isoprene is a hydrocarbon compound that is primarily manufactured for the production of synthetic rubber. Moreover, it is a colorless and flammable compound, which is used in the manufacturing of a wide variety of products, including tires and synthetic rubbers. It is also used as a fuel additive and a major feedstock in the production of plastics. With an increase in demand for automobiles such as two-wheelers and cars, the demand for tires has also skyrocketed in the past few years. For instance, in February 2023, the Italian tire manufact...