According to the report published by Allied Market Research, the global liquid synthetic rubber market garnered $20.3 billion in 2019, and is estimated to reach $28.8 billion by 2027, witnessing a CAGR of 4.5% from 2020 to 2027. The report provides detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, competitive scenario, and regional landscape.
Increase in tyre production worldwide and rise in usage across the adhesive industry drive the global liquid synthetic rubber market. However, variations in prices of raw materials hinder the market growth. On the other hand, rise in penetration in industrial rubber manufacturing create new opportunities in the coming years.
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The report offers detailed segmentation of the global liquid synthetic rubber market based on product, application, and region.
Based on product, the liquid styrene butadiene rubber segment contributed to the highest share in 2019, accounting for more than two-fifths of the total share, and is estimated to maintain its leadership status during the forecast period. However, the liquid isoprene rubber segment is expected to manifest the highest CAGR of 6.3% from 2020 to 2027.
Based on application, the tyre manufacturing segment held the highest share in 2019, accounting for more than two-fifths the global liquid synthetic rubber market, and is projected to continue its dominance in terms of revenue during the forecast period. However, the adhesives segment is projected to witness the fastest CAGR of 5.0% from 2020 to 2027.
Based on region, Asia-Pacific held the largest share in terms of revenue, contributing to nearly three-fifths of the total market share in 2019, and is estimated to maintain its highest contribution by 2027. Moreover, this segment is expected to portray the highest CAGR of 4.8% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA.
Leading players of the global liquid synthetic rubber market analyzed in the research include Evonik Industries, Synthomer PLC, H.B. Fuller, Kuraray Co., Ltd., Asahi Kasei Corporation, Saudi Aramco, Efremov Synthetic Rubber, Sibur International GmbH, Nippon Soda Co., Ltd., and Puyang Linshi Chemical New Material Co., Ltd.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
