Liquid Synthetic Rubber Market - How Companies Accelerating Their Growth by Adapting New Trend

Allied Market Research recently published a report titled, "Liquid Synthetic Rubber Market by Product (Liquid Isoprene Rubber, Liquid Butadiene Rubber, Liquid Styrene Butadiene Rubber, and Others) and Application (Adhesives, Industrial Rubber, Tyre Manufacturing, Polymer Modification, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". The report highlights that the global liquid synthetic rubber market was valued at $20.3 billion in 2019 and is projected to reach $28.8 billion by 2027, growing at a CAGR of 4.5% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/10722

Market Drivers, Restraints, and Opportunities

Key Drivers:

- The increasing utilization of liquid synthetic rubber in the adhesive industry.
- The rise in global tyre production.

Key Restraints:

- Fluctuating raw material prices that could limit market growth.

Key Opportunities:

The growing penetration of liquid synthetic rubber in industrial rubber manufacturing presents new growth avenues for market players.

Product Segment Insights

- Liquid Styrene Butadiene Rubber: This segment dominated the market in 2019, accounting for over 40% of the global share. The demand was driven by increased focus on tyre durability and performance, alongside the adoption of tyre labeling regulations.

- Liquid Isoprene Rubber: Expected to witness the highest CAGR of 6.3% during the forecast period, this segment's growth is fueled by rising infrastructure development and construction activities in developing nations such as India and China.

Application Segment Insights

- Adhesives: This application is projected to showcase the highest CAGR of 5.0% through 2027, driven by growing construction activities in emerging markets, leading to increased demand for adhesives.

- Tyre Manufacturing: Despite the high growth of adhesives, the tyre manufacturing segment held the largest market share in 2019, contributing to over 40% of the market. This is attributed to the presence of major tyre manufacturers in Asia-Pacific, especially China, Japan, and India, where raw materials are abundant and manufacturing costs are relatively low.

Regional Insights

Asia-Pacific: The region, followed by Europe and North America, is expected to register the highest CAGR of 4.8% through 2027. Asia-Pacific dominated the market in 2019, accounting for nearly 60% of the global share, driven by rapid development in the manufacturing and construction sectors, particularly in China, India, and Japan.

Key Market Players

- H.B. Fuller
- Evonik Industries
- Asahi Kasei Corporation
- Synthomer PLC
- Efremov Synthetic Rubber
- Kuraray Co., Ltd.
- Nippon Soda Co., Ltd.
- Saudi Aramco
- Puyang Linshi Chemical New Material Co., Ltd.
- Sibur International GmbH

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/liquid-synthetic-rubber-market-A10357

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