Press release
Liquid Synthetic Rubber Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Liquid Synthetic Rubber Market Share
The automotive industry's expansion is anticipated to drive the liquid synthetic rubber market's development. The automotive sector includes businesses related to the conception, creation, fabrication, promotion, and sale of motor vehicles such as cars, trucks, and motorbikes. The sector's growth is largely credited to rising consumer demand, advancements in technology, economic development, urban growth, and favorable government legislation. Liquid synthetic rubber enhances the lifespan, output, and safety of automotive parts such as tires, seals, and hoses, ultimately improving vehicle dependability and the driver's experience. For instance, the European Automobile Manufacturers Association, a Belgium-based lobbying group and standards body for the European Union automotive industry, revealed in May 2024 that new car registrations in the European Union had witnessed a 13.7% increase between April 2023 and April 2024. As a result, the growth of the automobile industry is likely to drive the liquid synthetic rubber market forward.
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What is the projected compound annual growth rate (CAGR) of the liquid synthetic rubber market from 2025 to 2034, and what factors influence it?
In recent years, there has been considerable growth in the market size of liquid synthetic rubber. Its market size is projected to increase from $18.83 billion in 2024 to $20.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.2%. The expansion in the historical era could be attributed to the rise in the automotive industry, swift industrial growth, stringent environment regulations, instability in the supply of natural rubber, and increased construction activities.
Strong expansion is anticipated in the liquid synthetic rubber market in the upcoming years, with a projected value of $25.13 billion by 2029, translating to a compound annual growth rate (CAGR) of 5.9%. This robust growth during the forecast period can be linked to various factors such as the growing preference for flexible packaging materials, an upsurge in the use of machinery and equipment components, the applicability in aerospace sector, a shift toward eco-friendly solutions, and a rise in the demand for sustainable, recyclable materials. The forecast period will also witness major trends including escalating use in medical applications, technological innovations, the advent of green liquid synthetic rubber, the surge in online retail, and an increased emphasis on lightweight materials.
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How are the latest trends influencing the growth of the liquid synthetic rubber market?
Leading firms in the liquid synthetic rubber market are forging strategic alliances to lower harmful volatile organic compound (VOC) emissions and broaden their scope in coatings. A strategic partnership involves companies drawing on each other's assets and capabilities to mutually benefit and succeed. For example, Lion Elastomers, an American producer of elastomeric polymers, teamed up with Belgium's Emulco NV, an emulsion mix and product firm, in February 2024 to devise and roll out a new range of eco-friendly emulsion products. The product line, named Aquapol, aims to minimize harmful VOC emissions and offer improved performance and longevity for uses such as rooftop and anti-corrosion coatings. These emulsions are engineered to be adaptable, curing at room temperature using diverse technologies, thereby enhancing their functionality across several industries.
What are the major segments of the liquid synthetic rubber market and their role in driving growth?
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 regions are key players in the growth of 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.
Who are the key firms paving the way for growth in 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.
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What Is Covered In The Liquid Synthetic Rubber Global Market Report?
•Market Size Forecast: Examine the liquid synthetic rubber market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the liquid synthetic rubber market for a structured understanding.
•Key Players Overview: Analyze major players in the liquid synthetic rubber market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the liquid synthetic rubber market.
•Segment Contributions: Evaluate how different segments drive overall growth in the liquid synthetic rubber market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the liquid synthetic rubber market.
•Industry Challenges: Identify potential risks and obstacles affecting the liquid synthetic rubber market.
•Competitive Landscape: Review strategic developments in the liquid synthetic rubber market, including expansions, agreements, and new product launches.
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