Press release
Impact Of The Growing Automobile Sector On The Liquid Synthetic Rubber Market Driver: Leading Transformation in the Liquid Synthetic Rubber Market in 2025
Liquid Synthetic Rubber Market Share
In recent times, the market size for liquid synthetic rubber has experienced substantial growth. There is a projected increase from $18.83 $ billion in 2024 to $20.01 $ billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%. Factors such as the expansion in the automotive sector, fast-paced industrial development, stringent environmental rules, volatility in the supply of natural rubber, and a surge in construction activities factored to this growth in the historical period.
The market size of liquid synthetic rubber is anticipated to experience substantial growth in the upcoming years. By 2029, it will expand to $25.13 billion with a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth include the rising demand for flexible packaging materials, the increasing use of mechanical and equipment components, use in aerospace components, emphasis on ecologically friendly materials, and the escalating requirement for sustainable and recyclable materials. The period under consideration will witness key trends such as expansion in medical applications, technological innovation, the manufacturing of environmentally safe liquid synthetic rubber, the burgeoning of online retail, and a growing preference for lightweight materials.
What Is Driving the Growth Trajectory of the Liquid Synthetic Rubber Market?
Anticipated growth in the automobile industry is predicted to stimulate expansion in the liquid synthetic rubber market. When referring to the automobile industry, it encompasses the processes of conceptualizing, creating, producing, marketing, and selling motor vehicles which can range from cars and trucks to motorcycles. Consumer demand, advancements in technology, economic progression, urban development, and government policies that are advantageous are the main contributing factors to the surged demand in this sector. Liquid synthetic rubber improves endurance, efficacy, and safety of components utilized in vehicles including tires, seals, and hoses, consequently enhancing the reliability of vehicles and the quality of the driving experience. For example, data released in May 2024 by the European Automobile Manufacturers Association, the Belgium-based organization that advocates for and sets standards for the European Union automobile industry showed new car registrations in the European Union had grown by 13.7% between April 2023 and April 2024. Hence, the anticipated growth in the automobile industry will likely drive the liquid synthetic rubber market forward.
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Which Leading Companies Are Shaping the Growth of the Liquid Synthetic Rubber Market?
Major companies operating in the liquid synthetic rubber market are Dow Inc., SABIC, LG Chem, Asahi Kasei Corporation, Chevron Phillips Chemical Company, Wacker Chemie AG, Sibur International GmbH, Versalis S.p.A., Kuraray Co. Ltd., UBE Corporation, H.B. Fuller, Synthomer plc, JSR Corporation, Nizhnekamskneftekhim, Zeon Corporation, Hexpol AB, Kraton Corporation, ARLANXEO, Nippon Soda Co. Ltd., TSRC Corporation, Evonik Industries AG, Tokyo Zairyo Co. Ltd., Lion Elastomers, Cariflex Pte. Ltd.
What Are the Major Trends Shaping the Liquid Synthetic Rubber Market?
Leading businesses involved in the liquid synthetic rubber market are strategically partnering to cut down detrimental VOC emissions and broaden their applications in the coating sector. These strategic alliances involve companies utilizing one another's expertise and resources to attain shared advantages and prosperity. For example, In February 2024, a manufacturer of elastomeric polymers based in the US, Lion Elastomers, collaborated with Emulco NV, a company in Belgium known for its emulsion products and mixtures. Their aim was to create and introduce a new range of environmentally-friendly emulsion products called Aquapol. These products are purposed to decrease the harmful VOC emissions and provide superior performance and longevity for applications like roofing and anti-corrosion coatings. These newly introduced emulsions are made to be adaptable, curing at room temperatures using multiple technologies resulting in expanded adaptability across various industries.
What Are the Key Segments of the Liquid Synthetic Rubber Market?
The liquid synthetic rubbermarket covered in this report is segmented -
1) By Product: Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, Other Products
2) By Distribution Channel: Online, Offline
3) By Application: Adhesives, Industrial Rubber Manufacturing, Tire Manufacturing, Polymer Modification, Other Applications
Subsegments:
1) By Liquid Isoprene: High Cis Liquid Isoprene Rubber, Low Cis Liquid Isoprene Rubber, Functionalized Liquid Isoprene Rubber, Isoprene Rubber for Adhesives, Isoprene Rubber for Tire Additives
2) By Liquid Butadiene: Liquid Polybutadiene (LPBD), Hydroxyl-Terminated Polybutadiene (HTPB), Carboxyl-Terminated Polybutadiene (CTPB), Butadiene Rubber for Sealants, Butadiene Rubber for Coatings
3) By Liquid Styrene Butadiene: Low Molecular Weight Styrene-Butadiene Rubber, Functionalized Styrene-Butadiene Rubber, Styrene-Butadiene for Tire Manufacturing, Styrene-Butadiene for Adhesives and Sealants, Styrene-Butadiene for Industrial Rubber Goods
4) By Other Products: Liquid Natural Rubber, Liquid Nitrile Rubber, Liquid Ethylene Propylene Diene Monomer (EPDM), Liquid Silicone Rubber, Liquid Polyisoprene
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Which Region Dominates the Liquid Synthetic Rubber Market?
Asia-Pacific was the largest region in the liquid synthetic rubber market in 2024. The regions covered in the liquid synthetic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Liquid Synthetic Rubber Global Market Report?
- Market Size Analysis: Analyze the Liquid Synthetic Rubber Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Liquid Synthetic Rubber Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Liquid Synthetic Rubber Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Liquid Synthetic Rubber Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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