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Liquid Synthetic Rubber Market Size
- Report ID: GMI4007
- Published Date: Aug 2020
- Report Format: PDF
Liquid Synthetic Rubber Market Size
The 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 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.
Tire manufacturing sector is contracted significantly owing to the temporary closure of vehicle production and aftermarket activities. Further, the effect of low natural rubber price is nullified owing to limited tire demand across the globe. However, anticipated growth in automotive production and sales will enhance the liquid synthetic rubber market share from 2021.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Liquid Synthetic Rubber Market Size in 2019: | 10,537.3 Million (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 4.7% |
| 2026 Value Projection: | 12,133.5 Million (USD) |
| Historical Data for: | 2016 to 2019 |
| No. of Pages: | 280 |
| Tables, Charts & Figures: | 386 |
| Segments covered: | Product, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Liquid Synthetic Rubber Market Scope
