Global Isoprene Rubber Latex (IRL) Market Analysis Revealing Key Drivers & Growth Trends Through 2025

Sellbyville, DE -- (SBWIRE) -- 06/07/2019 -- Growing demand for condoms all over the world will propel the isoprene rubber latex market development. The global condom industry is likely to grow with a CAGR of more than 7% and reach a net worth of about USD 11 billion by 2025. A rise in the condom demand will directly increase product consumption as more than 60% of the condoms are made of latex. Latex condoms are best known for their strength, elasticity, softness, and elongation. Increasing production of condoms will boost product consumption and help the IRL market to grow in the forecast period.