Liquid Synthetic Rubber Market By Product (Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene), By Application (Adhesive, Industrial Rubber Manufacturing, Tire Manufacturing, Polymer, Modification), Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Aug 2020  |  Report ID: GMI4007  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 280   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Liquid Synthetic Rubber Market size was USD 10.54 billion in 2019 and will grow at a CAGR of 4.7% from 2020 to 2026. The product is utilized in a variety of end-user industries including adhesives, industrial rubber manufacturing, tire manufacturing and polymer modification among others.

Liquid synthetic rubber is formed through several processes comprising mastication and introducing additives to improve material viscosity. It was developed to provide viable and durable product solutions for tire and construction sector and is made from initial production of synthetic rubber particularly from artificially-made petroleum feedstocks. These can further be used for various specialized applications and formed with acrylic, butadiene, butyl, nitrile, and several other additives.

Liquid Synthetic Rubber Market Outlook
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Liquid synthetic rubber is increasingly becoming subject to extensive research in many end-use industries. Recent studies indicate the potential use of liquid synthetic rubber in biomaterials to improve mechanical properties of fractures and dental composites. The material may find its use as a toughening agent, with one study indicating improvement in fracture toughness by significant 9% owing to introduction of liquid synthetic rubber for flow type and 8% for condensable composites used in dental applications.

Ongoing pandemic is likely to create slowdown in the liquid synthetic rubber market growth rate over short term, medium term and long term. Tire manufacturing sector is contracted significantly owing to temporary closure of vehicle production and aftermarket activities. This trend is likely to increase inventory of tires over upcoming timeframe.

Further, the effect of low natural rubber price is nullified owing to limited tire demand across the globe. This will decline consumption of liquid synthetic rubber in 2020. However, anticipated growth in automotive production and sales will enhance the liquid synthetic rubber market demand from 2021.

Liquid Synthetic Rubber Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 10,537.3 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 4.7% 2026 Value Projection: 12,133.5 Million (USD)
Pages: 280 Tables, Charts & Figures: 386
Geographies covered (18): U.S., Canada, France, Germany, Russia, UK, Spain, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, UAE, South Africa, Saudi Arabia
Segments covered: Product, Application, and Region
Companies covered (9): Efremov Synthetic Rubber, Evonik Industries AG, Synthomer PLC, Kuraray Co., Ltd., Asahi Kasei, Nippon Soda Co., Ltd, HB Fuller, ARLANXEO Holding B.V, SIBUR International GmbH
Growth Drivers:
  • Growth in tire production worldwide
  • Rising product usage in the end-user industries worldwide
Pitfalls & Challenges:
  • Fluctuating raw material prices and stringent government regulatory norms

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Liquid styrene butadiene rubber to lead industry size

Liquid Synthetic Rubber Market by Product

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Liquid styrene butadiene rubber will generate around USD 5.8 Billion in 2019 and is attributed to its growing tire production. It offers superior characteristics including low rolling resistance, excellent tensile strength, good resilience, and high abrasion resistance. Further, L-SBR grades provide high flexibility and tensile strength, when used in tires and construction sealants, adhesives, and coatings.

The liquid polybutadiene segment will account for a substantial share in liquid synthetic rubber market. Superior compatibility of liquid polybutadiene rubber will increase its penetration in UV and heat curable applications.

The construction industry is set to hold a strong growth potential for liquid styrene butadiene owing to several possible applications. Buildings tend to experience varied environmental effects on different sections. For instance, the section of building in contact with soil is generally more affected relative to higher sections owing to salty groundwater conditions and changing freezing/thawing cycles. The experimentation of SBR material as an admixture in high-performance concrete has resulted in improved weather resilience and building quality, opening venues for LSR-SBR in construction industries.

Construction industry to drive adhesive segment growth

Adhesives will witness over 3% CAGR in the liquid synthetic rubber market with its utilization in sealants, production of copolymer of styrene, and coatings. Increasing construction activities across the globe and industrial production challenges are increasing product adoption. The adhesives showcase excellent heat and crack resistance properties and offer superior ageing characteristics. These characteristics will support industry proliferation over forecast timeframe.

Polymer modification will witness over 3.5% CAGR in liquid synthetic rubber market. Polymer modification is the process of modifying, improving or enhancing certain characteristics of a material. Styrene butadiene rubber is blended or copolymerized with polymers or chemically modified for the enhancement of basic properties. Various characteristics, such as oil resistance, ozone resistance, and processing capabilities, can be modified or improved with addition of liquid synthetic rubber.

Asia Pacific to bank upon increasing vehicle demand

 Liquid Synthetic Rubber Market by Region

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Asia Pacific dominates liquid synthetic rubber market and held over 50% share in 2019 owing to increasing vehicle sales. The region is experiencing increasing presence of manufacturers owing to abundant raw material supply and economical labor costs. Ongoing initiatives by government entities to increase domestic vehicle production and decrease reliance on imports will escalate revenue generation.

For instance, in June 2020, India announced restriction on tire imports used in station wagons, racing cars, scooters, bicycles, and other tubeless tires to boost domestic production. The Middle East & Africa liquid synthetic rubber market share is at a nascent stage and will witness steady growth with public and private sector investments for encouraging building & construction and plastic manufacturing.

Technology advancements to emerge as a vital growth strategy

Industry players are increasing their investments in research & development activities to design and develop innovative formulations to attract industries. Manufacturers are increasing collaborations and partnerships to facilitate product development and subsequent patent applications. For instance, Arkona, a company engaged in medical equipment and solutions development filed a patent application suggesting the use of dental composites modified using liquid rubber for superior performance.

The key liquid synthetic rubber industry participants include Efremov Synthetic Rubber, Puyang Linshi Chemical New Material Co., Ltd, Evonik Industries AG, Royal Adhesives & Sealants, Synthomer PLC, Kuraray Co., Ltd., Asahi Kasei, TER HELL & Co. GmbH, and Nippon Soda Co., Ltd. among others.

The liquid synthetic rubber market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD Million from 2016 to 2026, for the following segments

Liquid Synthetic Rubber Market, By Product

  • Liquid Isoprene
  • Liquid Butadiene
  • Liquid Styrene butadiene
  • Others

Liquid Synthetic Rubber Market, by Application

  • Adhesives
  • Industrial rubber manufacturing
  • Tire manufacturing
  • Polymer modification
  • Others

Liquid Synthetic Rubber Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia


Frequently Asked Questions (FAQ) :

The product will gain massive traction across Asia Pacific, given the abundant availability of raw material, government initiatives, and rising presence of manufacturers. APAC held more than 50% market share in 2019.
Polymer modification segment may register 3.5% CAGR through 2026, driven by rising demand for products that are copolymerized or blended with polymers or chemically modified for enhancing original properties.
Adhesives may exhibit 3% CAGR through 2026, aided by rising product penetration in coatings, construction sector, production styrene copolymers, and sealants.
Rising tire production is the major factor propelling the growth of this segment as it offers excellent characteristics like high abrasion resistance, tensile strength, and good resilience to tires. Liquid styrene butadiene rubber segment was worth USD 5.8 billion in 2019.
The COVID-19 pandemic has resulted in increasing halts in manufacturing processes and delays in production schedules, which has led to temporary closure of automobile production and aftermarket activities.

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Premium Report Details

  • Published Date: Aug 2020
  • Pages: 280
  • Tables: 362
  • Charts / Figures: 24
  • Companies covered: 9
  • Countries covered: 18

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