Liquid Synthetic Rubber Market Prospects Unbound Unlocking Growth through Future Market Size Exploration

Allied Market Research recently released 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." According to the report, 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/A10357

Market Dynamics

Key Growth Drivers:

- Rising adoption of liquid synthetic rubber in the adhesive industry.
- Increasing tyre production worldwide, particularly in Asia-Pacific.

Challenges:

- Fluctuating raw material prices impacting market stability.

Opportunities:

- Expanding use in industrial rubber manufacturing, opening new growth avenues.

Segment Analysis:

Dominance of Liquid Styrene Butadiene Rubber (LSBR):

By product type, the liquid styrene butadiene rubber (LSBR) segment accounted for over 40% of the market share in 2019, driven by increasing focus on tyre durability and performance, along with the adoption of tyre labeling regulations. However, the liquid isoprene rubber segment is expected to witness the highest CAGR of 6.3%, fueled by infrastructure development in emerging economies such as India and China.

Adhesives Segment to Witness Fastest Growth:

By application, the adhesives segment is anticipated to record the highest CAGR of 5.0% through 2027, owing to rapid growth in the construction sector in developing regions. Meanwhile, the tyre manufacturing segment held the largest market share in 2019, accounting for over 40% of the total market, supported by the presence of major tyre manufacturers in China, Japan, and India, benefiting from low manufacturing costs and abundant raw materials.

Regional Outlook: Asia-Pacific Leads the Market:

Asia-Pacific, followed by Europe and North America, is expected to register the highest CAGR of 4.8% by 2027. The region dominated the market in 2019, contributing nearly 60% of the global market share, driven by the rapid expansion of manufacturing and construction industries 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

The global liquid synthetic rubber market is set to grow steadily, fueled by increasing demand in adhesives, tyre manufacturing, and industrial rubber applications. Despite challenges such as raw material price fluctuations, emerging opportunities in industrial applications are expected to drive significant market expansion in the coming years.

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

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