05-Dec-2022 | Zion Market Research
The global liquid synthetic rubber market size was worth around USD 4.5 billion in 2021 and is predicted to grow to around USD 6.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2022 and 2030.
The polymer compound of liquid polyurethane that makes up liquid synthetic rubber has excellent flow characteristics and becomes extremely wear- and abrasion-resistant. It is regarded as a high-quality molding composite that offers durable rubber with good flexibility. There are several different varieties of liquid synthetic rubber, including isoprene, butadiene styrene-butadiene, and others. It is widely used in the production of tires, the modification of polymers, the production of industrial rubber, and other fields.
The demand for liquid synthetic rubber is on a surge. Factors such as a rise in the number of rubber manufacturing industries, the growing use of LSR as an adhesive, and the high price associated with natural rubber are primarily augmenting the growth of the global liquid synthetic rubber market. Styrene-Butadiene Rubber (SBR) is a synthetic rubber that comprises butadiene and styrene monomers. From conveyor belts, tires to gaskets or seals, SBR is a majorly used general-purpose rubber with a broad spectrum of applications.
The foremost reason for the success of SBR is its unique properties and varied applications. In modern technology, it fills special needs as this is the only material that shows a property of long-range elasticity. Some of the key benefits of SBR include perfect impact strength, abrasion-resistant, high tensile strength, good resilience, and blend compatibility. Thus, they are been widely used in automotive parts, tire & tire products as well as mechanical rubber goods.
Thus, along with SBR, there is a huge demand for liquid butadiene and liquid isoprene owing to their beneficial properties which in turn are propelling the market growth. Moreover, expanding automotive sector and growing usage of liquid synthetic rubber in rubber manufacturing industries are also some of the factors that are driving the growth of the market. Furthermore, the rise in the scope of application of LSR in casting & laminating resins, potting agents, and binders may contribute to significant growth of the global liquid synthetic rubber market during the forecast period. However, the availability of raw materials at fluctuating costs may hinder the growth of the global market.
The global liquid synthetic rubber market is segmented based on product, application, and region.
The global market is divided into liquid isoprene, liquid butadiene, liquid styrene butadiene, and others based on the product. The segment of liquid styrene butadiene had the biggest revenue share in 2021, and it is anticipated that it will continue to dominate during the projection period.
The increasing use of this compound in tire manufacture is responsible for the segment's rise. It also has impressive characteristics including low rolling resistance, high tensile strength, strong resilience, and great abrasion resistance. Furthermore, L-SBR grades offer remarkable flexibility and tensile strength when used in tires, building sealants, adhesives, and coatings. The construction sector is anticipated to have a strong development potential for liquid styrene butadiene due to the wide range of potential applications.
The global market for liquid synthetic rubber is segmented into adhesives, industrial rubber manufacturing, tire manufacturing, polymer modification, and other segments based on the application. Throughout the forecast period, the tire manufacturing segment is anticipated to rule the market. Liquid synthetic rubber is frequently utilized in tire production because it increases tire durability and performance while also making tire labeling regulations easier to apply.
Regionally, Asia Pacific is anticipated to hold the maximum share and dominate the global liquid synthetic rubber market. The rise in sales of vehicles, expanding automotive industries, and growing demand from industrial rubber manufacturers are some of the factors that are driving the growth of the market in this region. North America and Europe are also expected to contribute to a major share of the market. In North America, factors such as an increase in commercial projects and the development of infrastructure are fueling the growth of the market. Whereas, in Europe, the market growth is spurred by the presence of major tire manufacturing industries and a rise in the use of advanced technologies.
The global liquid synthetic rubber market is dominated by players like Kuraray Co., TER HELL & Co. GmbH, Synthomer plc, Nippon Soda Co., Ltd., Asahi Kasei, Evonik Industries AG, Efremov Synthetic Rubber, Kumho Petrochemical Co., Ltd, Royal Adhesives & Sealants, Puyang Linshi Chemical New Material Co., Ltd. among others.
This review is based on a report by Zion Market Research, titled “Liquid Synthetic Rubber Market By Product (Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, and Others), By Application (Adhesives, Industrial Rubber Manufacturing, Tire Manufacturing, Polymer Modification, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/liquid-synthetic-rubber-market
The global liquid synthetic rubber market is segmented as follows:
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