[199 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Liquid Synthetic Rubber Market size & share revenue was valued at around USD 4.5 billion in 2021 and is estimated to grow about USD 6.8 billion by 2028, at a CAGR of approximately 4.5% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are Kuraray Co., TER HELL & Co. GmbH, Synthomer plc, Nippon Soda Co. Ltd., Asahi Kasei, Evonik Industries AG, Efremov Synthetic Rubber, Kumho Petrochemical Co. Ltd, Royal Adhesives & Sealants, Puyang Linshi Chemical New Material Co. Ltd., and among others. •Based on the product, the liquid styrene butadiene segment accounted for the largest revenue share in 2021.
New York, NY, Dec. 07, 2022 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Liquid Synthetic Rubber Market By Product (Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, And Others), By Application (Adhesives, Industrial Rubber Manufacturing, Tire Manufacturing, Polymer Modification, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” in its research database.
“According to the latest research study, the demand of global Liquid Synthetic Rubber Market size & share in terms of revenue was valued at USD 4.5 billion in 2021 and it is expected to surpass around USD 6.8 billion mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 4.5% during the forecast period 2022 to 2028.”
What is Liquid Synthetic Rubber? How big is the Liquid Synthetic Rubber Industry?
The polymer compound of liquid polyurethane that makes up liquid synthetic rubber has excellent flow characteristics and becomes extremely wear- and abrasion-resistant. It is regarded as a high-quality molding composite that offers durable rubber with good flexibility. There are several different varieties of liquid synthetic rubber, including isoprene, butadiene styrene-butadiene, and others. It is widely used in the production of tires, the modification of polymers, the production of industrial rubber, and other fields.
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Global Liquid Synthetic Rubber Market: Growth Dynamics
The demand for liquid synthetic rubber is on a surge. Factors such as a rise in the number of rubber manufacturing industries, the growing use of LSR as an adhesive, and the high price associated with natural rubber are primarily augmenting the growth of the global liquid synthetic rubber market. Styrene-Butadiene Rubber (SBR) is a synthetic rubber that comprises butadiene and styrene monomers. From conveyor belts, tires to gaskets or seals, SBR is a majorly used general-purpose rubber with a broad spectrum of applications.
The foremost reason for the success of SBR is its unique properties and varied applications. In modern technology, it fills special needs as this is the only material that shows a property of long-range elasticity. Some of the key benefits of SBR include perfect impact strength, abrasion-resistant, high tensile strength, good resilience, and blend compatibility. Thus, they are been widely used in automotive parts, tire & tire products as well as mechanical rubber goods.
Thus, along with SBR, there is a huge demand for liquid butadiene and liquid isoprene owing to their beneficial properties which in turn are propelling the market growth. Moreover, expanding automotive sector and growing usage of liquid synthetic rubber in rubber manufacturing industries are also some of the factors that are driving the growth of the market. Furthermore, the rise in the scope of application of LSR in casting & laminating resins, potting agents, and binders may contribute to significant growth of the global liquid synthetic rubber market during the forecast period. However, the availability of raw materials at fluctuating costs may hinder the growth of the global market.
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Liquid Synthetic Rubber Market: Segmentation Analysis
The global liquid synthetic rubber market is segmented based on product, application, and region.
The global market is divided into liquid isoprene, liquid butadiene, liquid styrene butadiene, and others based on the product. The segment of liquid styrene butadiene had the biggest revenue share in 2021, and it is anticipated that it will continue to dominate during the projection period.
The increasing use of this compound in tire manufacture is responsible for the segment's rise. It also has impressive characteristics including low rolling resistance, high tensile strength, strong resilience, and great abrasion resistance. Furthermore, L-SBR grades offer remarkable flexibility and tensile strength when used in tires, building sealants, adhesives, and coatings. The construction sector is anticipated to have a strong development potential for liquid styrene butadiene due to the wide range of potential applications.
The global market for liquid synthetic rubber is segmented into adhesives, industrial rubber manufacturing, tire manufacturing, polymer modification, and other segments based on the application. Throughout the forecast period, the tire manufacturing segment is anticipated to rule the market. Liquid synthetic rubber is frequently utilized in tire production because it increases tire durability and performance while also making tire labeling regulations easier to apply.
The global Liquid Synthetic Rubber market is segmented as follows:
Liquid Styrene Butadiene
Industrial Rubber Manufacturing
Browse the full “Liquid Synthetic Rubber Market By Product (Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, And Others), By Application (Adhesives, Industrial Rubber Manufacturing, Tire Manufacturing, Polymer Modification, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” Report at https://www.zionmarketresearch.com/report/liquid-synthetic-rubber-market
Some of the main competitors dominating the global Liquid Synthetic Rubber market include -
TER HELL & Co. GmbH
Nippon Soda Co. Ltd.
Evonik Industries AG
Efremov Synthetic Rubber
Kumho Petrochemical Co. Ltd
Royal Adhesives & Sealants
Puyang Linshi Chemical New Material Co. Ltd.
Key Insights from Primary Research:
According to the analysis shared by our research forecaster, the Liquid Synthetic Rubber market is likely to expand at a CAGR of around 4.5% during the forecast period (2022-2028).
In terms of revenue, the Liquid Synthetic Rubber market size was valued at around US$ 4.5 billion in 2021 and is projected to reach US$ 6.8 billion by 2028.
The increase in the production of vehicles across the globe is expected to drive the growth of the market during the forecast period.
Based on the product, the liquid styrene butadiene segment accounted for the largest revenue share in 2021.
Based on the application, the tire manufacturing segment is projected to dominate the market during the forecast period.
By regional analysis, the Asia Pacific is expected to dominate the market during the forecast period.
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Market Size & Forecast by Revenue | 2022−2028
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Product, by Application, and by Geography
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regionally, Asia Pacific is anticipated to hold the maximum share and dominate the global liquid synthetic rubber market. The rise in sales of vehicles, expanding automotive industries, and growing demand from industrial rubber manufacturers are some of the factors that are driving the growth of the market in this region. North America and Europe are also expected to contribute to a major share of the market. In North America, factors such as an increase in commercial projects and the development of infrastructure are fueling the growth of the market. Whereas, in Europe, the market growth is spurred by the presence of major tire manufacturing industries and a rise in the use of advanced technologies.
Rest of North America
Rest of Europe
Rest of Asia Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
In May 2021, Japanese petroleum company Eneos Corporation has signed an agreement with Japanese synthetic rubber manufacturer JSR Corporation to acquire the latter’s elastomers business, which includes the manufacture and sale of synthetic rubber. JSR, whose main product is solution polymerization styrene-butadiene rubber (SSBR) provides materials for the tire sector to produce fuel-efficient and high-performance tires
Market Size in 2021
USD 4.5 billion
Projected Market Size in 2028
USD 6.8 billion
CAGR Growth Rate
Key Market Players
Kuraray Co., TER HELL & Co. GmbH, Synthomer plc, Nippon Soda Co. Ltd., Asahi Kasei, Evonik Industries AG, Efremov Synthetic Rubber, Kumho Petrochemical Co. Ltd, Royal Adhesives & Sealants, Puyang Linshi Chemical New Material Co. Ltd., and among others.
By Type, By Application, and By Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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FREQUENTLY ASKED QUESTIONS
Which key factors will influence the liquid synthetic rubber market growth over 2022-2030?
What will be the value of the liquid synthetic rubber market during 2022-2030?
Which region will contribute notably towards the liquid synthetic rubber market value?
Which are the major players leveraging the liquid synthetic rubber market growth?
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