Liquid Synthetic Rubber Market Size Report Analysis by Restrictive Factors, Competitive Landscape, Drivers and Forecast from 2020 to 2027

The global liquid synthetic rubber market has been on the move, driven by the surge in tire production worldwide and increased usage in the adhesive industry. Asia-Pacific took the lead, contributing a significant share of revenue in 2019 and is expected to maintain its dominance through 2027. However, the lockdown threw a wrench into the manufacturing activities of tires, adhesives, and automotive parts, leading to a dip in liquid synthetic rubber demand.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (𝟑𝟏𝟑 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬): https://www.alliedmarketresearch.com/request-sample/10722

According to the insightful report from Allied Market Research, the market raked in $20.3 billion in 2019 and is projected to hit $28.8 billion by 2027, with a steady CAGR of 4.5% from 2020 to 2027. The report delves into the dynamic market landscape, key segments, value chain, investment opportunities, competitive scenario, and regional trends.

While the upswing in tire production and adhesive industry usage propels the liquid synthetic rubber market, fluctuating raw material prices pose a challenge. On a positive note, increased penetration in industrial rubber manufacturing opens up new avenues for growth in the coming years.

The COVID-19 pandemic disrupted the status quo, hampering manufacturing activities and causing supply chain disruptions. The report highlights the impact of the pandemic, including reduced demand, supply chain gaps, and raw material shortages. However, as the world recovers from the lockdown, manufacturing activities are expected to rebound, gradually boosting market demand.

The report provides a comprehensive segmentation of the global liquid synthetic rubber market based on product, application, and region. The liquid styrene butadiene rubber segment led the pack in 2019, maintaining its dominance throughout the forecast period. Meanwhile, the liquid isoprene rubber segment is poised to exhibit the highest CAGR of 6.3% from 2020 to 2027.

In terms of applications, the tire manufacturing segment claimed the largest share in 2019, with a strong projection to continue dominating revenue. On the flip side, the adhesives segment is anticipated to experience the fastest CAGR of 5.0% from 2020 to 2027.

Geographically, Asia-Pacific remains the powerhouse, contributing a substantial share of revenue in 2019 and expected to exhibit the highest CAGR of 4.8% during the forecast period. The report also analyzes other regions, including North America, Europe, and LAMEA.

Key players in the global liquid synthetic rubber market, such as Evonik Industries, Synthomer PLC, H.B. Fuller, Kuraray Co., Ltd., Asahi Kasei Corporation, Saudi Aramco, Efremov Synthetic Rubber, Sibur International GmbH, Nippon Soda Co., Ltd., and Puyang Linshi Chemical New Material Co., Ltd., are thoroughly examined in the research.

𝐅𝐨𝐫 𝐭𝐡𝐨𝐬𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐝𝐞𝐥𝐯𝐢𝐧𝐠 𝐝𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐭𝐡𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐟𝐨𝐫 𝐩𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐡𝐞𝐫𝐞 @ https://www.alliedmarketresearch.com/liquid-synthetic-rubber-market-A10357

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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