Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.03 Billion | USD 16.56 Billion | 4.15% | 2024 |
FrequentlyAsked Questions
Liquid synthetic rubber (LSR) is a liquid polyurethane molding compound that cures a very tough flexible rubber and shows excellent flow properties.
The global liquid synthetic rubber market is expected to grow due to its use in tire manufacturing, adhesives, and sealants, alongside demand for high-performance elastomers.
According to a study, the global liquid synthetic rubber market size was worth around USD 11.03 Billion in 2024 and is expected to reach USD 16.56 Billion by 2034.
The global liquid synthetic rubber market is expected to grow at a CAGR of 4.15% during the forecast period.
Asia-Pacific is expected to dominate the liquid synthetic rubber market over the forecast period.
Leading players in the global liquid synthetic rubber market include 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, among others.
The report explores crucial aspects of the liquid synthetic rubber market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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