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Global Isoprene Rubber Latex Market: FMI Predicts 8.1% CAGR Growth Spanning 2031 Driven by Medical, Consumer, and Industrial Sectors

Global Isoprene Rubber Latex Market: FMI Predicts 8.1% CAGR Growth Spanning 2031 Driven by Medical, Consumer, and Industrial Sectors

According to a Recent Report by Future Market Insights (FMI), the global isoprene rubber latex market is expected to achieve an 8.1% CAGR between 2021 and 2031, driven by the increasing demand for medical gloves and condoms.


Expanding utilization in medical and consumer goods industries sets the stage for market growth in the near future.


In 2021, the global isoprene rubber latex market is anticipated to be worth US$ 732.5 million. The increasing use of isoprene rubber latex in consumer products, industrial, and medical industries is expected to drive market demand.


Isoprene rubber latex is gaining immense popularity as an alternative to natural rubber. It possesses superior properties such as high resilience, good processability, and easy vulcanization, among others. In response to this, the market is estimated to surpass US$ 1,602.0 million by the end of 2031.


The growing use of isoprene rubber latex in the production of medical supplies such as catheters, probe covers, needle shields, and medical adhesives is expected to drive sales at 8.1% CAGR over the assessment period.


Governments of several countries are undertaking various initiatives to spread awareness regarding sexually transmitted diseases (STDs) and the use of condoms. For instance, the Indian Government announced distributing nearly 180 million pieces of condoms to reduce the risk of STDs, under the National AIDS Control Programmed in 2019.


As condoms are made using isoprene rubber latex, adoption is expected to surge over the coming years. On account of this, the market is expected to register 10.1% year-on-year (YoY) growth in 2021.


In terms of application, the medical gloves segment is anticipated to outpace the other segments, expanding at 9.2% CAGR in 2021. The rise in demand from doctors, nurses, patients, and other professionals to decline the risk of getting infected during the COVID-19 times has increased the sales of medical gloves.



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