Global Liquid Synthetic Rubber Market Trends, Applications, Analysis, Growth, and Forecast: 2019 to 2028
"Global Liquid Synthetic Rubber Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global liquid synthetic rubber market report has been segmented on the basis of product, application, and region.
Global Liquid Synthetic Rubber Market: Introduction
Liquid synthetic rubber is a liquid polyurethane casting compound with excellent flow properties and cures to a very tough flexible rubber. It is widely used in tire manufacturing, adhesive, industrial rubber, and sealants & coatings.
Global Liquid Synthetic Rubber Market: Dynamics
Growing demand for liquid isoprene, liquid butadiene, and liquid styrene butadiene in tire manufacturing, adhesives, industrial rubber, and sealants & coating application is a major factor projected to drive the growth of the global target market. Growing tire industry in developing countries owing to increasing automotive production is expected to boost the revenue growth of the potential market. Properties of natural rubber such as high cost and low abrasion resistance are expected to boost demand for substitutes such as synthetic rubber is another factor anticipated to support revenue growth of the potential market.
However, fluctuating raw material prices is expected to hinder the growth of the liquid synthetic rubber market.
Global Liquid Synthetic Rubber Market: Product Analysis
Among the product segments, the liquid isoprene rubbers segment is projected to account major revenue share in the potential market. Liquid isoprene rubbers are superior in extrusion, molding, and mixing processes and are widely used in industrial applications which require good resilience, low water swell, and good tack. Increasing demand for industrial components such as hoses, seals, drive belts, bushings, tank linings, motor mounts, and gaskets in developing countries is a major factor projected to drive the growth of the segment. Liquid butadiene rubber segment is expected to grow at a moderate growth rate. Increasing demand for liquid butadiene rubber in tire manufacturing is expected to augment revenue growth of the segment.
Global Liquid Synthetic Rubber Market: Regional Analysis
Asia Pacific liquid synthetic rubber market is accounted for significant revenue share in the global liquid synthetic rubber market. Presence of a large number of tire manufacturers in the region is a major factor estimated to augment the growth of the potential market in the Asia Pacific over the next few years. Growing automotive industry in countries such as India, China, and Indonesia owing to rapid urbanization and rising disposable income of individuals is projected to support revenue growth of the target market in the Asia Pacific. Presence major automotive manufacturers in the countries in the region is likely to boost demand for tires, which in turn drive revenue growth of Asia Pacific liquid synthetic rubber market.
The Asia Pacific is the largest consumer of liquid synthetic rubber followed by markets in North America. Liquid synthetic rubber market in North America is projected to grow at a steady growth rate over the next few years. Growing demand for liquid synthetic rubber in industrial applications is expected to drive the growth of the target market in North America. Moreover, the increasing number of manufacturing industries is anticipated to boost demand for adhesives, sealants, and coatings, which in turn drive revenue growth of liquid synthetic rubber market in North America.
Global Liquid Synthetic Rubber Market Segmentation:
Segmentation by Product:
- Liquid Isoprene
- Liquid Butadiene
- Liquid Styrene Butadiene
Segmentation by Application:
- Industrial Rubber Manufacturing
- Tire Manufacturing
- Polymer Modification
- Others (Sealants & Coatings, Industrial Rubber Components, etc.,)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Royal Adhesives & Sealants
- Evonik Industries AG
- Nippon Soda Co., Ltd.
- TER HELL & Co. GmbH
- Kuraray Co., Ltd.
- LINSHI CHEM (PUYANG) ADVANCED MATERIAL CO., LTD.
- Synthomer plc
- Kumho Petrochemical Co., Ltd.
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