Product Code: ETC108467 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia is the largest producer of isoprene in Southeast Asia, accounting for an estimated 49% of regional production. It has a large natural rubber industry, which produces both rubber and isoprene as co-products from latex. The majority of Indonesia isoprene output comes from processing waste materials such as scrap tires and used oil. Demand for Indonesia isoprene primarily comes from the domestic market due to its affordability compared to imports. However, increasing demand from overseas markets has created opportunities for export growth over recent years.
Demand for Indonesia isoprene has grown steadily since 2017 as more foreign manufacturers discover the advantages that this low-cost product offers them when producing certain products including adhesives, gels and coatings. This trend has been further accelerated by strong economic growth in nearby countries such as China and India that have led to rising demand in these regions for industrial chemicals including butadiene derivatives like isopreneIn addition, developments within the automotive sector have helped drive up global demand given its importance in manufacturing vehicle components such as hoses, seals and gaskets all of which use synthetic rubber with high levels of polyisobutylene content made from isoprene monomer (IBPM).
The main driver behind increased demand for Indonesia Isoprene over recent years has been a greater appreciation among global buyers regarding the cost benefits associated with buying it rather than importing pricier ready-made formulations into their own countries or outsourcing production to other nations like Thailand or Malaysia who also produce significant amounts of Isoprenes each year respectively. Additionally , lower energy costs associated with refining/processing materials containing Isotrenes in Indonesia versus those available elsewhere can help boost profitability margins even further if managed correctly. These factors combined make buying raw material inputs much cheaper than they would be elsewhere leading many manufacturers operating on tight budgets towards opting into purchasing large quantities directly from this region instead.
The COVID-19 pandemic has had a significant impact on the Indonesia Isoprene market. The outbreak of the virus and subsequent lockdowns have caused a disruption in production, supply chain, and distribution activities. This has resulted in decreased demand for isoprene products due to lower economic activity. Additionally, rising cost of raw materials also affected profit margins.
One of the biggest challenges facing the Indonesia Isoprene market is the high price volatility associated with crude oil prices. Isoprene is primarily derived from petroleum feedstocks such as naphtha or liquefied natural gas (LNG), so prices are highly dependent on fluctuations in global oil prices. Other major challenges include environmental restrictions on emissions from production facilities as well as competition from other petrochemical derivatives such as styrenic block copolymers (SBC) and polyisobutylene (PIB).
The key players operating in the Indonesia Isoprene market are PT Chandra Asri Petrochemicals Tbk., Borouge Pte Ltd., Reliance Industries Limited, Royal Dutch Shell plc, Lotte Chemical Corporation and ExxonMobil Corporation among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Isoprene Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Isoprene Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Isoprene Market - Industry Life Cycle |
3.4 Indonesia Isoprene Market - Porter's Five Forces |
3.5 Indonesia Isoprene Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Isoprene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Indonesia Isoprene Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Indonesia Isoprene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Isoprene Market Trends |
6 Indonesia Isoprene Market, By Types |
6.1 Indonesia Isoprene Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Isoprene Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Indonesia Isoprene Market Revenues & Volume, By Polymer Grade, 2018 - 2031F |
6.1.4 Indonesia Isoprene Market Revenues & Volume, By Chemical Grade, 2018 - 2031F |
6.2 Indonesia Isoprene Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Isoprene Market Revenues & Volume, By Polyisoprene (IR), 2018 - 2031F |
6.2.3 Indonesia Isoprene Market Revenues & Volume, By Styrene-isoprene-styrene (SIS), 2018 - 2031F |
6.2.4 Indonesia Isoprene Market Revenues & Volume, By Isobutylene-isoprene rubber (IIR), 2018 - 2031F |
6.2.5 Indonesia Isoprene Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Indonesia Isoprene Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Isoprene Market Revenues & Volume, By Tires, 2018 - 2031F |
6.3.3 Indonesia Isoprene Market Revenues & Volume, By Non-tires, 2018 - 2031F |
6.3.4 Indonesia Isoprene Market Revenues & Volume, By Adhesives, 2018 - 2031F |
6.3.5 Indonesia Isoprene Market Revenues & Volume, By Others, 2018 - 2031F |
7 Indonesia Isoprene Market Import-Export Trade Statistics |
7.1 Indonesia Isoprene Market Export to Major Countries |
7.2 Indonesia Isoprene Market Imports from Major Countries |
8 Indonesia Isoprene Market Key Performance Indicators |
9 Indonesia Isoprene Market - Opportunity Assessment |
9.1 Indonesia Isoprene Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Isoprene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Indonesia Isoprene Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Indonesia Isoprene Market - Competitive Landscape |
10.1 Indonesia Isoprene Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Isoprene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |