The isoprene rubber latex market is likely to witness rapid growth over the forecast period due to the increasing demand for medical gloves in the healthcare sector and growing awareness related to the benefits of using condoms as a form of birth control. Polyisoprene or isoprene is a synthetic material that integrates the top qualities of natural rubber latex without having latex proteins which might lead to latex allergies in some individuals.

It is also an inexpensive and majorly used commercial rubber. It is basically harvested in the form of latex generated from rubber trees or is synthetically produced by polymerization of 1-methyl-1 and 3-butadiene (IR). In addition to this, having a molecular structure nearly resembling latex, IR gives the feel, comfort, and sensitivity that the medical professionals would love without being worried about Type 1 latex allergies.

Isoprene is becoming one of the ideal clinical choices for services which require a non-latex environment. Since it eliminates the risks of Type 1 allergies, therefore it is very easy to use and apply for enhancing patient comfort and is considered one of the efficient applications of the dental dam. Owing to properties like high quality, easy processing with exceptional strength, low modulus and elongation, the product is also used for producing catheters.

Isoprene rubber latex market is bifurcated in terms of application, end-user, and regional landscape.

With respect to application, the isoprene rubber latex market is classified into medical balloons & catheters, condoms, adhesives, medical gloves, and others. Among these, the condoms application segment will exhibit a 5.8% CAGR over forecast time period. Increasing instances of sexually transmitted diseases coupled with rising awareness about the benefits of using condoms will drive this application segments market growth during the forecast timeframe.

The others segment is likely to exhibit 2.5% CAGR. Other application segment includes all other niche IR latex uses such as in medical stoppers, needle shields, tourniquet bands, tube connectors, and footwear among others.

From a regional frame of reference, Europe isoprene rubber latex market is projected to witness gains of 2.8% CAGR over the forecast timeframe. Germany, Sweden, France, Netherlands, and Belgium are some of the European countries with one of the highest healthcare spending in the region. These countries are also characterized by the presence of a substantial amount of geriatric population, thereby driving the need for medical equipment and goods.

The Middle East & Africa region is projected to witness gains of 2.5% CAGR over the forecast timeframe. Middle East & Africa IR latex market is still in its nascent stages owing to the absence of glove and condom manufacturing industries in the region. Most of the products made from IR latex are imported into the region from Asia Pacific countries such as China, Malaysia, and Indonesia among others.