The liquid synthetic rubber global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Synthetic Rubber Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The liquid synthetic rubber market size has grown strongly in recent years. It will grow from $17.82 billion in 2023 to $18.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to the growth in the automotive sector, rapid industrialization, stricter environmental regulations, fluctuations in natural rubber supply, and increasing construction activities.
The liquid synthetic rubber market size is expected to see strong growth in the next few years. It will grow to $23.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to the increasing use of flexible packaging materials, the rising use of machinery and equipment components, applications in aerospace components, a focus on environmentally friendly materials, and growing demand for sustainable and recyclable materials. Major trends in the forecast period include growth in medical applications, technological advancements, the development of eco-friendly liquid synthetic rubber, the growth of online retail, and an increasing focus on lightweight materials.
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Scope Of Liquid Synthetic Rubber Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Synthetic Rubber Market Overview
Market Drivers –
The rise in the automobile sector is expected to propel the growth of the liquid synthetic rubber market going forward. The automobile sector refers to the industry involved in designing, developing, manufacturing, marketing, and selling motor vehicles, including cars, trucks, and motorcycles. The rise in the automobile sector is primarily attributed to growing consumer demand, technological advancements, economic growth, urbanization, and supportive government policies. Liquid synthetic rubber enhances the durability, performance, and safety of automotive components such as tires, seals, and hoses, improving overall vehicle reliability and the driving experience. For instance, in May 2024, according to data published by the European Automobile Manufacturers Association, the Belgium-based lobbying and standards group for the European Union automobile industry, new car registrations in the European Union increased by 13.7% between April 2023 and April 2024. Therefore, the rise in the automobile sector is expected to propel the liquid synthetic rubber market.
Market Trends —
Major companies operating in the liquid synthetic rubber market are adopting a strategic partnership approach to reduce harmful volatile organic compound (VOC) emissions and expand applications in coatings. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in February 2024, Lion Elastomers, a US-based manufacturer of elastomeric polymers, partnered with Emulco NV, a Belgium-based emulsion products and mixes company, to develop and launch a new line of eco-friendly emulsion products, branded as Aquapol, that reduce harmful volatile organic compounds (VOC)emissions and offer enhanced performance and durability for applications such as roofing and anti-corrosion coatings. These emulsions are designed to be versatile, curing at ambient temperatures using various technologies, thereby expanding their usability across different industries.
The liquid synthetic rubber market 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
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Regional Insights —
Asia-Pacific was the largest region in the liquid synthetic rubber market in 2023. The regions covered in the liquid synthetic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
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.
Table of Contents
1. Executive Summary
2. Liquid Synthetic Rubber Market Report Structure
3. Liquid Synthetic Rubber Market Trends And Strategies
4. Liquid Synthetic Rubber Market — Macro Economic Scenario
5. Liquid Synthetic Rubber Market Size And Growth
…..
27. Liquid Synthetic Rubber Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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