Global Liquid Synthetic Rubber Market Size, Share, Growth Analysis Report - Forecast 2034

Liquid Synthetic Rubber Market: Industry Perspective

The global liquid synthetic rubber market size was worth around USD 11.03 Billion in 2024 and is predicted to grow to around USD 16.56 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.15% between 2025 and 2034. The report analyzes the global liquid synthetic rubber market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the liquid synthetic rubber industry.

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Liquid Synthetic Rubber Market: Overview

Liquid synthetic rubber (LSR) is a liquid polyurethane molding compound that cures a very tough flexible rubber and shows excellent flow properties. In addition to this, they also show exceptional properties for tooling applications and are extremely wear- & abrasion-resistant. Liquid synthetic rubber is usually used on damaged rubber, conveyor belting, moldings, gaskets, rollers, casting, ducting, expansion joints, and much more.

Key Insights

• As per the analysis shared by our research analyst, the global liquid synthetic rubber market is estimated to grow annually at a CAGR of around 4.15% over the forecast period (2025-2034).
• Regarding revenue, the global liquid synthetic rubber market size was valued at around USD 11.03 Billion in 2024 and is projected to reach USD 16.56 Billion by 2034.
• The liquid synthetic rubber market is projected to grow at a significant rate due to rising demand in tire and automotive manufacturing, superior performance in adhesives and sealants, and increasing focus on durable and flexible materials.
• Based on Product Type, the Liquid Isoprene segment is expected to lead the global market.
• On the basis of Application, the Adhesives segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Liquid Synthetic Rubber Market: Growth Drivers

The rising demand for automotive tires drives the market growth

One of the key reasons propelling the global liquid synthetic rubber market is the rising global demand for automobile tires for both new and replacement cars. Tire manufacture accounts for more than 70% of all SBR produced globally, which has increased demand for synthetic rubber in the automotive sector.

The market for liquid synthetic rubbers is anticipated to develop quickly as the global demand for OEM tires rises as a result of the expansion of the automobile sector. The demand for replacement tires has expanded as a result of longer vehicle lifespans and a movement in consumer preference toward high-performance tires.

Liquid Synthetic Rubber Market: Restraints

Volatility in the price of raw materials is expected to limit the market growth

The price volatility of raw materials is a factor impeding the growth of the market for liquid synthetic rubber. The price of crude oil has a direct impact on the cost of styrene and butadiene, both of which are significant raw materials in the production of liquid SBR and BR. Furthermore, the production of liquid synthetic rubber necessitates the use of several catalysts and solvents derived from the oil and gas industry, such as hexane, cyclohexane, benzene, and toluene.

Liquid Synthetic Rubber Market: Opportunities

The increasing adoption of synthetic rubber over natural rubber drives the market expansion

Natural rubber (NR) is extracted from the latex of the Hevea brasiliensis tree and takes seven years from plantation to extraction. Although natural rubber has outstanding physical features, it is losing market share to synthetic rubber for a variety of reasons, including high cost, limited abrasion resistance, and resilience to acid, weather, and oil, which is expected to have a favorable impact on market growth.

The macro issues influencing the NR market include restricted availability, which causes price volatility and uncertainty about raw material supply. Because natural rubber plantations are geographically concentrated, there is a strong reliance on places such as Southeast Asia to meet demand.

Liquid Synthetic Rubber Market: Challenges

Environmental concerns are the major challenging factor that hampers the market

The synthetic rubber manufacturing sectors are significantly responsible for air, water, and noise pollution in the environment. Rubber industries serve as a massive backbone for a wide range of sectors that manufacture synthetic and non-synthetic rubber goods. The synthetic rubber production business generates huge volumes of waste in the form of air, noise, and water as by-products in addition to the principal product. In addition, the main components of synthetic rubber pollution are SBR and butadiene.

These substances are not readily biodegradable, therefore when wastewater is dumped into the water, it can decrease the water's oxygen content and raise the number of poisons that can harm marine life. Thus, environmental concerns act as a challenge for market growth during the forecast period.

Liquid Synthetic Rubber Market: Segmentation Analysis

The global liquid synthetic rubber market is segmented based on Product Type, Application, and region.

Based on Product Type, the global liquid synthetic rubber market is divided into Liquid Isoprene, Liquid Butadiene, Liquid Styrene-Butadiene, Others.

On the basis of Application, the global liquid synthetic rubber market is bifurcated into Adhesives, Industrial Rubber, Tires, Polymer Modification, Others.

Liquid Synthetic Rubber Market: Regional Analysis

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific region is expected to dominate the global liquid synthetic rubber market during the forecast period. The growth in the region is attributed to the increasing automotive industry, growing demand from industrial rubber manufacturers, adhesives and sealants, coatings, and polymer modification, especially in China and India. For instance, the world's greatest manufacturer and user of automobiles are China.

OICA estimates that China produced approximately 26.08 million vehicles in 2021 compared to 25.25 million vehicles in 2020, a growth rate of nearly 2%. Moreover, in the construction sector, liquid synthetic rubber is also used. The Chinese government approved 26 infrastructure projects in 2019, with an estimated investment of roughly USD 142 billion; these projects are currently under construction and are expected to be finished by 2023, according to the National Development and Reform Commission. Thus, the aforementioned facts supported the market growth of the Asia Pacific region.

On the other hand, the lucrative end-user of liquid synthetic rubber, the expanding European automobile industry, supports market expansion. Significant tire manufacturers including Bridgestone, Michelin, Goodyear, Pirelli, and Apollo are present, and the manufacturers' adoption of cutting-edge manufacturing techniques is anticipated to support market expansion.

In addition, it is projected that the use of the product as a construction sealant would increase demand for it in the region. This is because the construction sector has recently undergone major changes due to the construction of high-rise buildings, better residential neighborhoods, and new town centers. Due to the scarcity of liquid natural rubber, a sizable portion of liquid isoprene rubber usage happens in Europe. The product demand in the region is anticipated to be driven by increasing product penetration as an adhesive sealant in the automotive industry and an increase in vehicle manufacturing in the region.

Recent Developments:

• In April 2021, Arlanxeo expanded its presence in the Indian subcontinent with the establishment of Arlanxeo India Private Limited. This will allow it to integrate its services to provide a single point of contact for the whole spectrum of its products and applications in the Indian subcontinent market.
• In January 2019, Saudi Aramco, a Saudi Arabia-based oil and chemical giant, purchased $1.67 billion for Arlanxeo from LANXESS AG. The acquisition is expected to aid Saudi Aramco in increasing fuel efficiency through tire performance. Arlanxeo is a synthetic rubber firm established in the Netherlands that specializes in producing synthetic rubbers and elastomer plastics such as polybutadiene/butadiene rubber (BR) for tire manufacturers and automobile parts around the world.

Liquid Synthetic Rubber Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the liquid synthetic rubber market on a global and regional basis.

The global liquid synthetic rubber market is dominated by players like:

• Evonik Industries AG
• China National Petroleum Corporation
• Kumho Petrochemical
• ENEOS Corporation
• Saudi Arabian Oil Co. (Arlanxeo)
• Asahi Kasei Advance Corporation
• H.B. Fuller Company
• Kuraray Co. Ltd.
• Linshi Chem (Puyang) Advanced Material Co. Ltd.
• Lion Elastomers
• NIPPON SODA CO. LTD.
• SIBUR Holding PJSC
• Synthomer PLC
• TER Group

The global liquid synthetic rubber market is segmented as follows;

By Product Type

• Liquid Isoprene
• Liquid Butadiene
• Liquid Styrene-Butadiene
• Others

By Application

• Adhesives
• Industrial Rubber
• Tires
• Polymer Modification
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa