Isoprene Rubber (IR) Latex Market Analysis, Status and Business Outlook 2021 to 2026

Isoprene Rubber (IR) Latex Market Analysis, Status and Business Outlook 2021 to 2026

Tagged as a potential growth driver for the overall polymers and advanced materials industry, the isoprene rubber latex market is touted to carve a profitable growth trajectory in the upcoming years, subject to its robust application spectrum that majorly encompasses the healthcare and industrial sectors. In fact, reports suggest that isoprene rubber latex has been observing overwhelming response from the healthcare sector.

In the healthcare industry, rubber latex is abundantly used in the production of medical gloves, condoms, medical balloons and catheter, among others. However, it is needless to mention that medical gloves application is among one of the most chief segments that is undeniably driving isoprene rubber latex market share. It is also important to note that umpteen strategic initiatives undertaken by industry majors is expected to propel the isoprene rubber latex market trends in the due course of time.

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The move is anticipated to bolster Daelim’s position in the overall isoprene rubber latex business space while also offering it a chance to stand as a major contender in the robust competitive scenario of IR latex market in the ensuing years.

What are the factors promoting the adoption of IR latex across medical glove applications?

Isoprene rubber latex is largely used for the production of medical gloves that are generally allergy free and stand as an ideal substitute for natural rubber latex gloves. One of the major risks involved with the use of natural rubber latex gloves is that they contain naturally occurring proteins that are responsible for causing type 1 allergy risks. In this context, use of IR latex gloves has significantly surged as they possess the ability to eliminate the risks owing to the absence of these proteins.

This apart, IR latex gloves boast of robust features like superior consistency, high purity, elasticity, and softness, which makes them one of the highly preferred gloves for various medical surgeries and applications. In this regard, it can be stated that mounting medical surgeries would add to the growing demand for these gloves worldwide. A WHO estimate cites that approximately over 234.2 million major surgical procedures are carried out every year worldwide.

Lately, the outbreak of COVID-19 pandemic has also offered a push to the surging adoption of these gloves across the healthcare sector, on the grounds of increasing positive cases globally.

Emphasizing on these trends, it is pretty overt that the demand for medical gloves will play a crucial role in the expansion of the global isoprene rubber latex market.

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Ongoing trends in condom application segment to propel the market outlook

Another profound application segment that has driven isoprene rubber latex industry share is the elevating global production of condoms. The increased latex condom product demand, given the rising allergic reactions from natural rubber condoms, has predominantly fueled IR latex market share from condom application vertical. Numerous reports state that today, most of the condoms are being manufactured from latex, perhaps due to their features of strength, elongation, elasticity, and softness.

As per estimates, it has been claimed that more than over 450 million condoms are being sold every year in the United states and the numbers are even more significant on global level. The growth comes from mounting awareness toward condom usage as a contraceptive against birth control, STDs, HIV and other similar infections. Additionally, WHO statistics demonstrate that over more than 1 million sexually transmitted infections are acquired every day globally and have significantly influenced the condom demand. The substantial rise in condom market is estimated to directly impact the global isoprene rubber latex industry share in the years to come.

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