Isoprene: A Substitute to Natural Rubber

Isoprene is a colorless liquid organic compound that is usually produced by extracting the isoprene molecules from Crude C5 mixtures like the C5 Diene Crude. It is used in the production of synthetic rubbers known as polyisoprene rubber (IR). Polyisoprenes are extensively used in a various rubber applications such as shoe soles, medical equipment, elastic films, baby bottle nipples, tires, toys, paints and coatings, and adhesives. Apart from IR, some of the major applications include styrene-isoprene styrene (SIS), specialty chemicals, and Isobutylene-isoprene rubber (IIR).

IR Application Segment to Have Rapid Growth

Increased production of automobiles, particularly in the developing regions such as Taiwan, China, Japan, and Indonesia, is predicted to boost the demand for polyisoprene in the automotive industry. Increased foreign investments in these regions on account of the easy availability of highly efficient, skilled, and cost-effective labor is also estimated to augment the products demand over the next few years.

The IIR application segment is also predicted to have a steady growth as a result of its resistance toward oxidation. In addition, its applications in a variety of products and as a substitute to the natural rubber are also projected to propel the demand for IIRs during the forecast period (from 2017 to 2025).

Companies in this industry focus on business and production expansions to gain maximum customers and share. For example, Nizhnekamskneftekhim (NKNK), a Russian synthetic rubber manufacturer plans to double the production of isoprene rubber SKI from their current 270ktpa. The company also that it is also aiming at expanding the production of their halobutyl and butyl rubber to 220ktpa in future.

Market Overview

The global isoprene market would reach at USD 3.97 billion by 2025 growing at a CAGR of 7.5 % over the forecast period, predicts the findings of a research report by Grand View Research, Inc. Increasing demand for isoprene on account of its excellent gum and hot tensile strength and resilience is expected to boost the global market growth over the coming years. The Goodyear Tire and Rubber Co.; Chevron Phillips Chemical LLC; LyondellBasell Industries N.V.; Shandong Yuhuang Chemical (Group) Co., Ltd.; and Exxon Mobil Corporation are some of the leading manufacturers in the global isoprene market.

In-Depth Research Report On Isoprene Market:

https://www.grandviewresearch.com/industry-analysis/isoprene-market

Insect Growth Regulators (IGRs) to Obstruct Spread of Deadly Insects

Insect growth regulators (IGRs) are chemicals that can interrupt the reproductive cycle of pests. IGRs are considered as a harmless substitute for pesticides. They are non-toxic and degrade easily without polluting the soil and groundwater. Their application is known to not have any harmful effects on humans, animals, and advantageous soil microbes.

IGRs have a long-lasting residual activity, but are slow in terms of bringing instant effect as they do not kill the pest immediately. They are more compatible for use along with other pest management systems involving biological controls.

These products can be broadly categorized into juvenile hormone analogs and mimics, chitin synthesis inhibitors, ecdysone Agonists, and ecdysone Antagonists. They are available in different forms such as liquid, aerosol, and bait.

Organic Plant Protection

IGRs find application in commercial, residential, and agricultural sectors. In 2016, agriculture appeared as a prime application sector and accounted for the largest market share. IGRs are experiencing massive demand due to growing popularity of organic farming. Crop protection products used in organic farming are generally derived from natural sources. Therefore, they have less or no impact on the environment. In addition, IGRs can be useful for livestock, home gardeners, horticulturalists, and landscapers.

IGRs can be also utilized in a wide range of commercial applications including government offices, corporate offices, schools, aircrafts, and hospitals. Governments in different regions are extensively using these products for preventing and controlling a wide range of insect-borne diseases including malaria, dengue fever, Zika fever, West Nile fever, La Crosse encephalitis, and Everglades virus.

Market Overview

According to Grand View Research, Inc., the worldwide insect growth regulators (IGRs) market is predicted to value USD 1.23 billion by 2025. Growing utilization of environment-friendly insecticides is considered to be a key driving factor for the market. North America has been dominating the market. However, Asia Pacific is expected to exhibit the fastest growth during the forecast period (2014 to 2025). This growth is associated with rising awareness about pest control services.

Some of the leading companies operating in the market are Helm Agro US, Inc.; Russell IPM; Dow AgroSciences LLC; and Central Life Science. 

In-Depth Research Report On Insect Growth Regulators (IGRs) Market:

https://www.grandviewresearch.com/industry-analysis/insect-growth-regulators-market