Due to the varied properties of polyisoprene, it is utilized in the production of latex products, footwear, rubber springs, adhesives, non-automotive engineered products and coatings. As a result, the global polyisoprene market has witnessed stable growth in the past few years.

According to the recent study by IMARC Group, titled “Polyisoprene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global polyisoprene market reached a volume of 14.8 Million Tons in 2018, registering a CAGR of around 3% during 2011-2018. Polyisoprene refers to a polymer of isoprene (C₅H₈) which is naturally found in balata and gutta-percha. It can be synthetically produced by the polymerization of 2-methyl-1,3-butadiene with a Ziegler-Natta catalyst. Polyisoprene elastomers closely resemble natural rubber in properties as well as molecular structure.

Source: Global Polyisoprene Market to Exceed 20 Million Tons by 2024