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Liquid Synthetic Rubber Market: By Product Type, By Application, and Geography
Liquid Synthetic Rubber Market: By Product Type, By Application, and Geography
Liquid Synthetic Rubber Market size was valued at US$ 20.4 billion in 2022 and is projected to reach US$ 28.7 billion by 2029, growing at a CAGR of 4.6% from 2023 to 2029. Liquid Synthetic Rubber is a liquid polyurethane polymer compound that has excellent flow qualities and is extremely wear and abrasion resistant. It's a high-quality rubber moulding composite that's both robust and flexible. There are several different varieties of liquid synthetic rubber, including butadiene, styrene-butadiene, isoprene, and others. It is widely used in tyre manufacture, polymer modification, and industrial rubber manufacturing, among other fields.
Synthetic rubber is a man-made elastomer manufactured from by-products of the petroleum industry. Liquid synthetic rubber is a form of liquid polyurethane used to manufacture high-flow and abrasion-resistant composites. Liquid synthetic rubber, such as liquid butadiene rubber, has abrasion resistance, cut growth resistance, high resilience with minimum heat accumulation, and low-temperature flexibility. Because of these properties, liquid synthetic rubbers are extensively used in tyre manufacturing. Liquid synthetic rubber also enhances tyre longevity and performance, which coincides with the implementation of tyre labelling rules. Growing demand for isoprene, styrene butadiene, and butadiene, throughout the globe in industrial rubber products manufacturing, adhesives, sealants and coatings, and tire manufacturing is anticipated to drive growth. The low molecular weight liquid polymers are reactive plasticizers that aid in improving several adhesive qualities such as maintaining adhesion at low temperatures, impart green tack, improving coating and flow characteristics, avoid bleed-through associated with other plasticizers, and improving adhesion to flexible substrates. These factors are expected to raise the demand for liquid synthetic rubber in the market. However, factors such as limited availability and volatility in the prices of raw materials is expected to restraint the growth of market. Key players in global liquid synthetic rubber market enhance their product portfolio and consumer base by adopting striking market strategies like collaborations, acquisitions, technological innovations, among others.
Study Period
2024-2030Base Year
2023CAGR
4.6%Largest Market
Asia-PacificFastest Growing Market
Asia pacific
Liquid synthetic rubber are available in a variety of products such as isoprene, butadiene, and styrene butadiene. Liquid isoprene rubbers is the leading type of product. They are superior in calendaring process, extrusion, mixing, molding, and finds its position in various applications such as it exhibits good flexibility, high hot and gum tensile strength and good tack, industries requiring low water swell. It is predominantly used for production of adhesive products, such as solvents, light-curing adhesives, cross-linking agents, hot-melts. Liquid isoprene rubber assists in sealants and coatings industry. When it is amalgamated into sealant constructions for severe modifications of property to sound and dampening performance, offer broad cold temperature performance, alongside lengthier product life period up surging the growth of market. Liquid isoprene rubber assists in production of extensive variety of industrial constituents such as motor mounts, gaskets, bushing, tank linings, drive belts, seals, gaskets, bushings, motor mounts, and tank linings.
Global liquid synthetic rubber market report gives comprehensive outlook on liquid synthetic rubber across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Asia Pacific accounted for the largest share in the market in terms of revenue, besides it is likely to linger its domination during forecasted period. The growth in this region can be attributed to the occurrence of major key companies operating in tire manufacturing emerging economies like China and Japan. The widespread incidence of abundant manufacturers, low cost of manufacturing, and wide possibility of application in various end user industries, availability of raw materials is anticipated to propel the regional market growth. Europe is the second largest market for liquid synthetic rubber. Germany is the leading market in Europe owing to the presence of wide number of automotive manufacturers.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 20.4 billion |
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Market Size in 2029 |
US$ 28.7 billion |
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Market CAGR |
4.6% |
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By Product Type |
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By Application Type |
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The liquid synthetic rubber market size was valued at US$ 20.4 billion in 2023
The liquid synthetic rubber market key players are: Royal Adhesives & Sealants Puyang Linshi Chemical New Material Co., Ltd. Kuraray Co., Ltd. Synthomer plc, Nippon Soda Co , Evonik Industries AG Kumho Petrochemical Co., Ltd. (KKPC) Efremov Synthetic Rubber TER HELL & Co. GmbH Total S.A.
The liquid synthetic rubber market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.