How much is the liquid synthetic rubber market worth, and how is it expected to expand?
The liquid synthetic rubber market size has grown strongly in recent years. It will grow from $18.83 $ billion in 2024 to $20.01 $ billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. 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 $25.13 $ billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. 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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Which industry factors have accelerated the liquid synthetic rubber market’s expansion?
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.
What are the primary 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 firms are leading 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.
Which market trends are set to define the future of the liquid synthetic rubber market?
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.
Which geographic trends are shaping the liquid synthetic rubber market, and which region has the highest market share?
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 Does The Liquid Synthetic Rubber Market Report 2025 Offer?
The liquid synthetic rubber market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Liquid synthetic rubber is an artificial polymer that remains liquid or semi-liquid at room temperature. It is designed to mimic the properties of natural rubber while offering additional advantages, such as improved chemical resistance, greater flexibility, and specific tailoring for various industrial applications.
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