As per this study the Global Liquid Synthetic Rubber Market was valued USD 15.96 BN (by revenue) in 2022 and is anticipated to reach USD 24.9 BN by 2030 with a CAGR of 5.72%.
Liquid synthetic rubber is a liquid polyurethane casting compound and a durable flexible rubber. It exhibits excellent flow properties and inherits extreme wear and abrasion resistant. Products of liquid synthetic rubber include liquid isoprene, liquid butadiene, and liquid styrene butadiene. It has a wide range of applications across adhesive, industrial rubber manufacturing, tire manufacturing, polymer modification, and others.
Market Dynamics
The growing tire manufacturing industry along with growing disposable income is fuelling the market growth. Rising application of liquid synthetic rubber across industrial application is also expected to stimulate market growth. On the other hand, the fluctuating price of raw material may restrict market growth. Whereas, rising industrial application and extreme abrasion resistance property are likely to boost demand during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of liquid synthetic rubber.
Market Segmentation
The broad liquid synthetic rubber market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Liquid Isoprene
- Liquid Butadiene
- Liquid Styrene Butadiene
- Other Product Types (Liquid EPDM And Liquid NBR)
By Application
- Adhesives
- Industrial Rubber
- Tire
- Polymer Modification
- Other Applications (Waterproofing Coatings And Footwear)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for liquid synthetic rubber in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Liquid Synthetic Rubber Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Liquid Synthetic Rubber market include Asahi Kasei Advance Corporation, China National Petroleum Corporation, ENEOS Corporation, Evonik Industries AG, H.B. Fuller Company, KUMHO PETROCHEMICAL, Kuraray Co. Ltd, Linshi Chem (Puyang) Advanced Material Co. Ltd., Lion Elastomers, NIPPON SODA CO. LTD., Saudi Arabian Oil Co. (Arlanxeo), SIBUR Holding PJSC, Synthomer PLC, TER Group. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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