Isoprene Rubber Latex Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

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A comprehensive analysis on the Isoprene Rubber Latex market by Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

The global isoprene rubber latex market is anticipated to expand at 8.1% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent analysis. Increasing demand of medical gloves and condoms will continue driving the isoprene rubber latex sales. Growing utilization in medical and consumer goods industry will create conducive environment for the growth of the market in the coming years.

FMI also forecasts the global isoprene rubber latex market to register year-on-year growth of 10.1% in 2021. Surging application of isoprene rubber latex in manufacturing of medical gloves and condoms will help the market gain traction over the course of the forecast period.

“Rising demand of medical gloves from healthcare industry and the increasing usage of adhesives in food, medical and industrial packaging will drive the market of isoprene rubber latex through the projected period from 2021 to 2031,” says a FMI analyst.

Key Takeaways:

  • Medical glove manufacturers are the predominant consumers of isoprene rubber latex. Medical gloves segment exhibited high demand following the COVID-19 outbreak.
  • Application in condom manufacturing will increasing, driving sales in the market.
  • Demand in the U.S. will grow year on year by 8.8% in 2021.
  • Demand in China will grow by 8.8% between 2021 and 2031.
  • Sales in Germany will account for 14.3% of overall consumption in Europe in 2021.

Read Full Report: https://www.futuremarketinsights.com/reports/isoprene-rubber-latex-market

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