Press release
Steady Expansion Forecast for Liquid Synthetic Rubber Market, Projected to Reach $25.13 Billion by 2029
Liquid Synthetic Rubber
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Liquid Synthetic Rubber Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
In the past few years, the liquid synthetic rubber market has seen a robust growth. It is projected to expand from a value of $18.83 billion in 2024, to $20.01 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.2%. Factors that have contributed towards this growth during the historic period include the expansion of the automobile industry, quick-paced industrialization, more stringent environmental laws, variations in the supply of natural rubber, and amplifying activities in the construction sector._x000D_
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Liquid Synthetic Rubber Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
Expectations are high for robust expansion in the liquid synthetic rubber market in the upcoming years, with anticipated growth to $25.13 billion in 2029 posting a compound annual growth rate (CAGR) of 5.9%. The projected growth for the forecast period is mainly due to the escalating demand for flexible packaging materials, increasing application in machinery and equipment parts, usage in aerospace components and a shift towards eco-friendly materials, along with the rising preference for sustainable and recyclable materials. Key trends expected during the forecast timeline are expanded use in the medical field, technological progression, the emergence of environment-friendly liquid synthetic rubber, the expansion of online retail, and heightened emphasis on lightweight materials._x000D_
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What Are the Drivers Transforming the Liquid Synthetic Rubber Market?_x000D_
Anticipated growth in the automobile industry is likely to stimulate expansion of the liquid synthetic rubber market. The vehicle industry encompasses designs, developments, making, marketing, and sales of vehicles like cars, trucks, and motorcycles. This sector's expansion can be related to the escalation of customer needs, technological progress, societal prosperity, urbanization, and favorable government regulations. Liquid synthetic rubber considerably boosts the durability, performance, and safety of automotive components like tires, seals, and hoses, enhancing overall vehicle trustworthiness and driving satisfaction. As an illustration, in May 2024, the European Automobile Manufacturers Association, a Brussels-based lobby and norms group for the European Union automobile sector, reported a 13.7% upsurge in new car enrollments in the European Union from April 2023 to April 2024. Consequently, the growth expected in the automobile industry is likely to boost the liquid synthetic rubber market._x000D_
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What Long-Term Trends Will Define the Future of the Liquid Synthetic Rubber Market? _x000D_
Chief businesses involved in the liquid synthetic rubber industry are moving towards strategic alliances, with the goal to minimize destructive volatile organic compound (VOC) emissions and increase their use in coatings. This implies businesses coordinating with each other, combining their strengths and resources to create reciprocal advantages and success. To illustrate, in February 2024, Lion Elastomers, an American manufacturer of elastomeric polymers, joined forces with Emulco NV, a Belgian emulsion products and mixtures company. Their alliance led to the creation and introduction of a new series of environmentally friendly emulsion products called Aquapol. These not only lower damaging VOC emissions but also improve performance and durability, especially in services like roofing and anti-corrosion coatings. The design of these emulsions makes them adaptable, as they cure under natural temperatures using various methods, extending their applicability across various sectors._x000D_
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Which Segments in the Liquid Synthetic Rubber Market Offer the Most Profit Potential?_x000D_
The liquid synthetic rubbermarket covered in this report is segmented - _x000D_
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1) By Product: Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, Other Products_x000D_
2) By Distribution Channel: Online, Offline_x000D_
3) By Application: Adhesives, Industrial Rubber Manufacturing, Tire Manufacturing, Polymer Modification, Other Applications_x000D_
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Subsegments:_x000D_
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 _x000D_
2) By Liquid Butadiene: Liquid Polybutadiene (LPBD), Hydroxyl-Terminated Polybutadiene (HTPB), Carboxyl-Terminated Polybutadiene (CTPB), Butadiene Rubber for Sealants, Butadiene Rubber for Coatings _x000D_
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 _x000D_
4) By Other Products: Liquid Natural Rubber, Liquid Nitrile Rubber, Liquid Ethylene Propylene Diene Monomer (EPDM), Liquid Silicone Rubber, Liquid Polyisoprene_x000D_
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Which Firms Dominate the Liquid Synthetic Rubber Market by Market Share and Revenue in 2025?_x000D_
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. _x000D_
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Which Regions Offer the Highest Growth Potential in the Liquid Synthetic Rubber Market?_x000D_
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._x000D_
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