According to the research report titled ‘Global Isoprene Rubber Latex Market Size study, by Application (Medical Gloves, Condoms, Medical Balloons, Catheters, Adhesives), By End-Use (Medical, Consumer Goods, Industrial) and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global isoprene rubber latex market valuation was worth USD 678.24 million in 2020 and is expected to register 8% CAGR during the study, eventually reaching USD 1162.38 million in valuation by the year 2027.
 

Increasing production of medical gloves in tandem with significant investments towards improving healthcare infrastructure are primarily driving the growth of global isoprene rubber latex market. Rising awareness about personal safety and hygiene will also augment the product demand during the study period.
 

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For those unaware, isoprene rubber latex is essentially a combustible liquid unsaturated hydrocarbon C5H8 that is commonly used through synthetic rubber. On the contrary, high environmental concerns is expected to negatively impact the market growth during the projection period.
 

By application range, the industry is bifurcated into catheters, adhesives, medical balloons, condoms, and medical gloves segments. Citing the end-user terrain, the market is classified into industrial, consumer goods, and medical.
 

The geographical reach of the worldwide isoprene rubber latex market extends into Europe (Germany, France, Italy, Spain, the U.K.), North America (the U.S, Canada), Asia-Pacific (India, China, Japan, Australia, South Korea), Latin America (Brazil, Mexico), and the rest of the world.
 

North America is expected to account for the largest market share by the end of the forecast period, primarily due to the rapid growth of end-use industries such as construction, medical and industrial safety equipment.
 

Asia-Pacific market, on the other hand, is expected to grow at the fastest rate through 2027. Rapid development in the construction, industrial and medical sectors would create lucrative growth prospects for the market participants in Asia-Pacific.
 

Prominent players profiled in the worldwide isoprene rubber latex market are Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, JSR Corporation, Ansell Ltd., Kraton Corporation, Sibur Holding PAO, Zeon Corporation, Top Glove Corporation Berhad, and Royal Dutch Shell plc.