Liquid Synthetic Rubber Market Poised To Reach Worth $5.02 Billion By 2025: Grand View Research, Inc.

Liquid Synthetic Rubber Market Poised To Reach Worth $5.02 Billion By 2025: Grand View Research, Inc.

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According to report published by Grand View Research, Growing demand for liquid isoprene, butadiene, and styrene butadiene rubber in tire manufacturing is expected to drive the growth in the forthcoming years.

According to a report ,Liquid Synthetic Rubber Market Size, Share & Trends Analysis Report By Product (Isoprene, Butadiene, Styrene Butadiene), By Application (Tire, Industrial Rubber, Adhesive), And Segment Forecasts, 2019 – 2025″,published by Grand View Research, Inc.,The global liquid synthetic rubber market size is expected to reach USD 5.02 billion by 2025. It is anticipated to expand at a CAGR of 4.6% during the forecast period. Growing demand for liquid isoprene, butadiene, and styrene butadiene rubber in tire manufacturing is expected to drive the growth in the forthcoming years.

Key Takeaways from the report:

  • Butadiene accounted for 66.6% of the revenue share in 2017 on account of increasing penetration of the product in manufacturing sidewalls of truck and car tires as it aids in improving fatigue

  • Adhesives, sealants & coatings application accounted for 54.8% of the isoprene segment in terms of revenue in 2017 on account of their excellent low-temperature profile, low VOC, and high electrical resistance

  • Asia Pacific is expected to register a CAGR of 4.2% owing to the presence of major liquid synthetic rubber producers, availability of raw materials, low manufacturing cost, and increasing application scope

  • U.S. accounted for 83.24% of North America’s revenue share on account of the presence of robust tire manufacturing and retreading sector along with the recovery of the country’s automotive industry

  • The global liquid synthetic rubber market is niche and fragmented with very few manufacturers and service providers who compete on the basis of product quality improvement and capacity expansion.

U.S. liquid synthetic rubber market size, by product, 2014 - 2025 (USD Million)

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Global liquid butadiene rubber market share, by application, 2017 (%)

High cost, low abrasion resistance, limited supply leading to price volatility of natural rubber has led to the increasing demand for synthetic rubber from application industries. In addition, these rubbers have inherent advantage in terms of physical properties, which is the primary factor driving the market.

Ascending demand for the product for adhesives, sealants, and coatings applications, on account of its excellent low-temperature profile, low Volatile Organic Compounds (VOC), and high electrical resistance is expected to complement market growth. In addition, rising demand for UV curable isoprene rubber as precision adhesive for electronics is expected to propel growth of the Liquid Synthetic Rubber (LSR) market.

The growing demand for products with low VOC concentration in polymer modifications and Ethylene Propylene Diene Monomer (EPDM) compounds to improve mechanical resistance and crosslink density is expected to increase product demand. Furthermore, increasing product penetration in polymer modifications to enhance functionality and durability is expected to drive the liquid synthetic rubber market.

Regulations pertaining to tire labeling compel tire manufacturers to label tires for key parameters, such as rolling resistance and wet grip. The European Union (EU) countries along with the U.S., China, and Japan, have implemented tire labeling regulations, which has a significant impact on the product manufacturing to improve the performance of the materials.

Grand View Research has segmented the global liquid synthetic rubber market on the basis of product by application and region:

Liquid Isoprene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Adhesive

  • Sealants & coatings

  • Industrial Rubber components

  • Tire manufacturing

  • Others

Liquid Butadiene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Industrial rubber manufacturing

  • Polymer modification

  • Tire manufacturing

  • Others

Liquid Styrene Butadiene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Tire manufacturing

  • Polymer modification

  • Adhesives

  • Others

Liquid Synthetic Rubber Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • France

    • Germany

    • U.K.

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: https://www.grandviewresearch.com/

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