Liquid Synthetic Rubber Market to Witness Steady Growth with Increased Adoption in Industrial Sectors

The growing global tyre manufacturing sector remains the primary consumer of liquid synthetic rubber.

WILMINGTON, DE, UNITED STATES, December 18, 2024 /EINPresswire.com/ -- The growth of the global liquid synthetic rubber market is driven by an increase in tyre production worldwide and a rise in demand from the adhesive industry. However, fluctuating raw material prices and supply chain disruptions due to the Covid-19 pandemic have posed challenges to the market. Despite these hurdles, the market is expected to recover and grow steadily in the coming years, driven by new opportunities in industrial rubber manufacturing.

Market Overview:

According to Allied Market Research, the global liquid synthetic rubber market was valued at $20.3 billion in 2019 and is projected to reach $28.8 billion by 2027, with a CAGR of 4.5% from 2020 to 2027. The comprehensive report analyzes the market's changing dynamics, key segments, value chain, investment pockets, competitive landscape, and regional trends.

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

Key Insights:

Drivers:

- Tyre Production: The growing global tyre manufacturing sector remains the primary consumer of liquid synthetic rubber, contributing significantly to market demand.
- Adhesive Applications: Rising adoption of liquid synthetic rubber in the adhesive industry due to its superior bonding properties.

Restraints:

- Raw Material Price Volatility: Frequent fluctuations in raw material costs create uncertainty, hindering market growth.

Opportunities:

- Industrial Rubber Penetration: Expanding applications in industrial rubber manufacturing present lucrative growth opportunities.

Market Segmentation:

By Product:

Liquid Styrene Butadiene Rubber (LSBR):

- Largest market share in 2019, accounting for over 40% of the total.
- Expected to maintain its dominance throughout the forecast period.

Liquid Isoprene Rubber (LIR):

- Anticipated to exhibit the fastest CAGR of 6.3% from 2020 to 2027.

By Application:

Tyre Manufacturing:

- Largest application segment, contributing to over 40% of the market share in 2019.
- Expected to retain its leadership in revenue.

Adhesives:

- Projected to register the highest CAGR of 5.0% during the forecast period.

By Region:

Asia-Pacific:

- Held nearly 60% of the total market share in 2019.
- Expected to continue its dominance with the highest CAGR of 4.8% by 2027.
- Other Regions: North America, Europe, and LAMEA are also analyzed for their growth potential.

Leading Market Players:

The report highlights key players driving the market's competitive landscape:

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

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/liquid-synthetic-rubber-market/purchase-options

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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David Correa
Allied Market Research
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