Liquid Synthetic Rubber Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI4007

Summary Methodology

Liquid Synthetic Rubber Market size is witnessing significant growth from 2019 to 2025 owing to growing global tire industry and rapidly increasing use of the product to replace natural rubber in various applications.

Tire encloses a wheel’s rim in order to transfer the load of the vehicle on the road surface and provides a robust grip between the vehicle and the road. Tires are flexible, strong and have tendency to absorb vibration. They are extensively used in cars, buses, trucks, bicycles, bikes, airplanes, etc. as they enhance the overall performance of the vehicle. Developments in the global automotive industry is one of the major factors driving the growth of the tire industry. Global automobile production witnessed a growth of over 19% between 2011 and 2018. It can be majorly attributed to the escalating automobile demand and production in Asia Pacific region. China leads the global automotive production with more than one-fourth share. Additionally, India has witnessed year-on-year growth of over 7% in 2018. Many automotive manufacturing giants have made an investment and established their production facilities in this region. Changing lifestyle, rapid urbanization, rising population, increasing disposable income, etc. are some of the factors that will prosper the growth of the global automotive industry. On the other hand, rising public and private investments in construction & infrastructure development, positive outlook of tourism industry will also boost the demand of both passenger & commercial vehicles which will prosper global tire market growth. Liquid synthetic rubber is extensively used for manufacturing tire bead fillers, sidewalls, rim cushions, treads, etc. Thus, the growth of global tire market will drive the liquid synthetic rubber market demand in coming years.

Another major factor that will boost the liquid synthetic rubber market demand is the substitution of natural rubber with synthetic types. Low abrasion resistance, high cost associated with natural rubber are few factors that will reduce its market share. Limited availability of natural rubber results in higher price, which will boost the use of the synthetic types. Liquid synthetic rubber is transparent, colorless and has low VOC content. It enhances processability, improves the shelf life of product, reduces mixing time owing to its excellent performance at low temperature, strong adhesive & tack properties, ability to co-vulcanized, etc. However, raw materials used for the product are derived from petroleum feedstock and price fluctuations in petrochemical prices will induce volatility in product price which can hamper the growth of liquid synthetic rubber market in the near future.

Based on product type, liquid synthetic rubber market is segmented into liquid isoprene, liquid butadiene and liquid styrene butadiene. Liquid styrene butadiene is likely to have significant market share. This product type has high impact resistance & impact strength, high tensile strength and good resilience. Liquid styrene butadiene is used in automotive parts, tires & tire-based products, rubber goods, etc. Tire manufacturing application will have substantial share in liquid synthetic rubber market due to extensive use of product in the production of tire treads, rims, flanges, apex, carcass, etc. Adhesive application segment will have high growth rate in liquid market. It can be attributed to the product application as adhesives for concrete, mortar & cement-bond coats and thus enhancing the mechanical performance, durability and wear resistance. Asia Pacific region will have significant share in market due to presence of major tire manufacturers, availability of raw materials, cost-effective labor, low manufacturing cost, etc.

Some key players in liquid synthetic rubber market are Evonik Industries AG, Synthomer PLC, Asahi Kasei, Royal Adhesives & Sealants, Kuraray Co., Ltd., Efremov Synthetic Rubber, TER HELL & Co. GmbH, Nippon Soda Co., Ltd., Puyang Linshi Chemical New Material Co., Ltd., etc. Focused research and development activities for new product development, expanding production capacity by establishing new production facilities are some of the key strategies implemented by the players in market to maintain their competitive advantage.

Liquid Synthetic Rubber Market, By Product, 2014-2025

  • Liquid Isoprene
  • Liquid Butadiene
  • Liquid Styrene Butadiene

 Liquid Synthetic Rubber Market, By Application, 2014-2025

  • Adhesive
  • Industrial Rubber Manufacturing
  • Tire Manufacturing
  • Polymer Modification
  • Others (Sealants & Coatings, Industrial Rubber Components, etc.)

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • APAC
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • UAE

Company Profiles:

  • Royal Adhesives & Sealants
  • Synthomer PLC
  • Asahi Kasei
  • Kuraray Co., Ltd.
  • Evonik Industries AG
  • Efremov Synthetic Rubber
  • TER HELL & Co. GmbH
  • Nippon Soda Co., Ltd.
  • Puyang Linshi Chemical New Material Co., Ltd.

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X