What Has Been the Growth of the Liquid Synthetic Rubber Market So Far?
The liquid synthetic rubber market has seen considerable growth due to a variety of factors.
• The market size of liquid synthetic rubber has experienced a robust expansion in the past years. Anticipated to increase from $18.83 billion in 2024 to $20.01 billion in 2025, the compound annual growth rate (CAGR) is projected at 6.2%.
This historical growth trajectory is driven by several factors such as the expansion of the automobile industry, swift industrialization, the imposition of stricter environmental laws, variations in the natural rubber supply chain, and a surge in construction-oriented activities.
How Will the Liquid Synthetic Rubber Market?
The liquid synthetic rubber market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the liquid synthetic rubber market to experience robust expansion over the coming years, with anticipated growth reaching $25.13 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.9%.
Various factors are expected to contribute to this growth during the forecast period, such as the augmented usage of flexible packaging materials, a surge in the application of machinery and equipment parts, its usage in aerospace components, an inclination towards environment-friendly substances, and a burgeoning demand for sustainable and recyclable materials. Progress in medical usage, technological progress, the fabrication of environment-friendly liquid synthetic rubber, the expansion of online retail, and a heightened attention towards lightweight materials are some major trends predicted for the forecast period.
Which Factors Are Boosting Growth In The Liquid Synthetic Rubber Market?
The anticipated increase in the automotive industry is predicted to fuel the liquid synthetic rubber market's expansion. The automotive sector encompasses the businesses involved in creating, producing, promoting, and selling motor vehicles, including cars, trucks, and motorcycles. The surge in the automotive industry is largely due to increased consumer demand, technological progress, economic development, urbanization, and favorable governmental policies. Liquid synthetic rubber improves the durability, performance, and safety of automotive parts such as tires, seals, and hoses, enhancing the overall reliability of vehicles and driving experience. For example, data released by the European Automobile Manufacturers Association, a Belgium-based advocacy and standards group for the European Union's automotive industry, shows that new car registrations in the EU expanded by 13.7% from April 2023 to April 2024. Consequently, the growth in the automotive industry is predicted to drive the liquid synthetic rubber market.
What Key Areas Define The Segmentation Of The Global Liquid Synthetic Rubber Market?
The liquid synthetic rubbermarket covered in this report is segmented –
1) By Product: Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, Other Products
2) By Distribution Channel: Online, Offline
3) By Application: Adhesives, Industrial Rubber Manufacturing, Tire Manufacturing, Polymer Modification, Other Applications
Subsegments:
1) By Liquid Isoprene: High Cis Liquid Isoprene Rubber, Low Cis Liquid Isoprene Rubber, Functionalized Liquid Isoprene Rubber, Isoprene Rubber for Adhesives, Isoprene Rubber for Tire Additives
2) By Liquid Butadiene: Liquid Polybutadiene (LPBD), Hydroxyl-Terminated Polybutadiene (HTPB), Carboxyl-Terminated Polybutadiene (CTPB), Butadiene Rubber for Sealants, Butadiene Rubber for Coatings
3) By Liquid Styrene Butadiene: Low Molecular Weight Styrene-Butadiene Rubber, Functionalized Styrene-Butadiene Rubber, Styrene-Butadiene for Tire Manufacturing, Styrene-Butadiene for Adhesives and Sealants, Styrene-Butadiene for Industrial Rubber Goods
4) By Other Products: Liquid Natural Rubber, Liquid Nitrile Rubber, Liquid Ethylene Propylene Diene Monomer (EPDM), Liquid Silicone Rubber, Liquid Polyisoprene
Pre-Book The Liquid Synthetic Rubber Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Liquid Synthetic Rubber Market?
Established entities in the liquid synthetic rubber market are employing strategic collaborations to diminish the release of damaging volatile organic compound (VOC) emissions and enlarge their application scope in coatings. These strategic collaborations involve companies harnessing each other's strong points and resources to gain mutual advantages and prosperity. For instance, in February 2024, Lion Elastomers, an American manufacturer of elastomeric polymers, teamed up with Emulco NV, a Belgian firm focusing on emulsion products and mixes, to innovate and introduce a new eco-friendly emulsion product range, trademarked as Aquapol. This new product line downgrades harmful volatile organic compound (VOC) emissions and delivers superior performance and longevity for uses such as roofing and anti-corrosion coatings. These emulsions have been formulated to be adaptable, curing at normal temperatures using diverse technologies, thereby extending their applicability across various sectors.
Who Are the Key Players In The Liquid Synthetic Rubber Market?
Major companies operating in the liquid synthetic rubber market are:
• Dow Inc.
• SABIC
• LG Chem
• Asahi Kasei Corporation
• Chevron Phillips Chemical Company
• Wacker Chemie AG
• Sibur International GmbH
• Versalis S.p.A.
• Kuraray Co. Ltd.
• UBE Corporation
• H.B. Fuller
• Synthomer plc
• JSR Corporation
• Nizhnekamskneftekhim
• Zeon Corporation
• Hexpol AB
• Kraton Corporation
• ARLANXEO
• Nippon Soda Co. Ltd.
• TSRC Corporation
• Evonik Industries AG
• Tokyo Zairyo Co. Ltd.
• Lion Elastomers
• Cariflex Pte. Ltd.
What Is The Most Dominant Region In The Liquid Synthetic Rubber Market?
Asia-Pacific was the largest region in the liquid synthetic rubber market in 2024. The regions covered in the liquid synthetic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
