Liquid Synthetic Rubber Market Size, Share, and Growth Analysis

Liquid Synthetic Rubber Market By Product Type (Liquid Isoprene, Liquid Butadiene), By Application (Tires, Industrial Rubber), By Polymerization Process (Emulsion Polymerization, Solution Polymerization), By End-Use Sector (Automotive, Industrial), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15J2093 | Region: Global | Published Date: February, 2025
Pages: 197 |Tables: 64 |Figures: 72

Format - word format excel data power point presentation

Liquid Synthetic Rubber Market Insights

Liquid Synthetic Rubber Market size was valued at USD 14.08 billion in 2023 and is poised to grow from USD 14.73 billion in 2024 to USD 21.11 billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).

 Growing demand for isoprene, butadiene, and styrene-butadiene globally in tyre manufacturing, adhesives, sealants and coatings, and industrial rubber products manufacturing is boosting the liquid synthetic rubber market growth. The raw materials utilized for manufacturing liquid synthetic rubber (LSR) are polymer compounds, like cis-1,4-polyisoprene, cis-1,4-polybutadiene, and styrene. Manufacturers have long-term collaboration with the major raw material suppliers for guaranteeing premium quality and a constant supply of raw materials through efficient distribution channels. Furthermore, LSR manufacturers also distribute their products directly to the application industries with the help of internal marketing, sales, and service teams.

Liquid synthetic rubbers have several applications in adhesives, sealants, and coating industries, contributing to the growth of the market. Liquid isoprene and butadiene rubber are used for an extensive range of applications, like plasticizing hot-melt adhesives, and more. Moreover, it is also utilized in automotive and electronics adhesives, where isoprene grades functions with maleic anhydride (MAH) through carboxylation. Grafting procedures are also utilized enhancing the adhesion in automotive and electronic adhesives. The popularity of natural rubber is reducing to synthetic rubber because of factors like high expense and low abrasion resistance, which is positively impacting the liquid synthetic rubber market growth. Furthermore, another factor decreasing the demand for natural rubber is limited availability, which is increasing price volatility, contributing to the growth of the market.

Market snapshot - 2025-2032

Global Market Size

USD 14.08 billion

Largest Segment

Liquid Isoprene Rubber

Fastest Growth

Liquid Butadiene Rubber

Growth Rate

4.6% CAGR

Global Liquid Synthetic Rubber Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Liquid Synthetic Rubber Market Segments Analysis

Global Liquid Synthetic Rubber Market is segmented by Product Type, Application, Polymerization Process, End-Use Sector and region. Based on Product Type, the market is segmented into Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, Liquid EPDM and Liquid NBR. Based on Application, the market is segmented into Tires, Industrial Rubber, Adhesives, Polymer Modification, Waterproofing Coatings, Footwear and Other Applications. Based on Polymerization Process, the market is segmented into Emulsion Polymerization, Solution Polymerization and Bulk Polymerization. Based on End-Use Sector, the market is segmented into Automotive, Industrial, Consumer Goods, Construction and Healthcare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Analysis by Product

Based on product, the liquid isoprene rubber segment is dominating with the largest liquid synthetic rubber market share. Liquid isoprene rubbers are better for mixing, molding, extrusion, and calendaring processes. They are utilized in a vast range of application industries requiring low water swell, good resilience, and high hot & gum tensile strength, and good tack. It is majorly used for manufacturing adhesive products, such as solvents, hot-melts, cross-linking agents, and light-curing adhesives. Liquid isoprene rubber is used for a wide range of functions in the sealants and coatings industry. This product, when incorporated into sealant formulations for sharp property modifications offers broad cold temperature performance, sound, and dampening performance along with longer product lifetimes driving the market growth. Liquid isoprene rubber is used in the manufacturing of a wide variety of industrial components including drive belts, hoses, seals, gaskets, bushings, motor mounts, and tank linings. Rising penetration of the product in industrial rubber component manufacturing coupled with increasing manufacturing industries growth across the major economies is anticipated to propel growth.

The liquid butadiene rubber segment is expected to witness significant demand growth during the forecast period. Liquid butadiene rubber is used in high-performance cross-linked rubber applications. This is because of its high temperature operating ability ranging from 120 °C to 156 °C, varying with grade. It is incorporated in ethylene propylene diene monomer (EPDM) rubbers to obtain processability, high-hardness compound, metal adhesion, low VOCs, and excellent curing kinetics. Tyre manufacturing is the dominant application segment on account of its properties, such as high resilience with low heat buildup, abrasion, cut growth resistance, and low-temperature flexibility that makes them ideal for use in tires. It is blended with styrene-butadiene or natural rubber and used as a tread rubber, sidewall, and bead filler. It finds application in sealants and coatings and is used as a structural adhesive for improving adhesion to metal surfaces. Increasing application scope in coatings, binders, adhesives, potting agents, and casting and laminating resins, as well as a vulcanizable plasticizer for rubber, is expected to boost market growth over the forecast period.

Analysis by Application

Based on application, the tyre manufacturing segment is dominating the liquid synthetic rubber market. The tyre industry is leading the liquid synthetic rubber market because rubber is used for boosting tyre performance, durability, and fuel efficiency. In tyre formulations, liquid synthetic rubber enhances grip, minimizes rolling resistance, and extends overall tyre longevity, solidifying its importance for tyre manufacturers worldwide. Moreover, industries are increasingly turning to liquid synthetic rubber for industrial rubber manufacturing (IRM) and polymer modification, seeking enhanced flexibility and resilience in their offerings.

As per liquid synthetic rubber market analysis, the adhesives segment is expected to be the fastest growing segment. The adhesives segment stands out as the largest due to its extensive use across various industries. Liquid synthetic rubber is a key ingredient in producing high-performance adhesives that offer excellent bonding strength, flexibility, and resistance to environmental factors. These properties make it a preferred choice in applications ranging from automotive assembly to consumer goods manufacturing. The versatility and reliability of liquid synthetic rubber in adhesive formulations have driven its widespread adoption, securing its position in the market.

Global Liquid Synthetic Rubber Market Analysis by Product

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Liquid Synthetic Rubber Market Regional Insights

Asia Pacific is dominating with the largest liquid synthetic rubber market share. The region is dominating because of the expansion of the manufacturing and construction industries in countries such as China, India, and Japan, which has resulted in a significant increase in the demand for liquid synthetic rubber. In addition, an increase in infrastructure development and building activities throughout the region, particularly in countries such as China and India, have contributed to an increase in the demand for adhesives. Because of this, the demand that adhesive makers have for liquid synthetic rubber has increased dramatically in recent times. In addition, an increase in both the demand for and production of electric cars throughout the area has contributed to an uptick in the automotive sector's need for tires. As a result of this, the demand for liquid synthetic rubber from producers of tires has grown significantly, which is anticipated to contribute significantly to the expansion of the market.

The region of North America is anticipated to witness the highest growth during the liquid synthetic rubber market forecast period. The presence of multiple manufacturers, the availability of raw materials, cheap production costs, and a diverse range of application sectors are boosting the market expansion in the region. The growing usage of liquid isoprene rubber in block polymers for using in adhesives accounted for a large part of the North America liquid synthetic rubber market. Liquid isoprene rubber is combined with natural rubber to function as a reactive plasticizer. The substance is combined with NR to increase metal adhesion qualities, such as zinc-plated steel wire used in tyres. Furthermore, liquid synthetic rubber acts as a reactive plasticizer and is vulcanizable with solid rubbers, enhancing processability with rubber compounds and driving market expansion throughout the projection period.

Global Liquid Synthetic Rubber Market By Geography
  • Largest
  • Fastest

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Liquid Synthetic Rubber Market Dynamics

Liquid Synthetic Rubber Market Drivers

Rising Demand for Tyres

  • The production of tyres makes extensive use of liquid synthetic rubber because it offers increased durability and higher performance of tyres, in addition to the introduction of tyre labelling laws, which has led to the widespread deployment of this material. PBR and SBR are the types of synthetic rubber that are utilized in the production of tyres at the highest rates. The primary application for polybutadiene is in the production of tyres for automobiles. It has been calculated that the process of producing tyres uses up around 70 percent of the total amount of polybutadiene that is manufactured. 

Increasing Requirement of Adhesives in Market

  • The notable increase in tyre production is one of the main factors driving the liquid synthetic rubber market. Synthetic rubbers, especially polybutadiene (PBR) and styrene-butadiene rubber (SBR) are important for improving tyre performance and longevity. The widespread use of liquid synthetic rubber in tyre manufacturing has been accelerated by the adoption of tyre labeling laws. Interestingly, polybutadiene is used in the tyre parts, as it reduces the amount of wear that is constantly changing while driving.

Liquid Synthetic Rubber Market Restraints

High Volatility in Prices of Raw Material

  • The factor slowing the growth of the market for liquid synthetic rubber is the volatility in the price of raw materials. The price of crude oil has a direct impact on the pricing of styrene and butadiene, which are both important raw ingredients for the production of liquid SBR and BR, respectively. In addition, the production of liquid synthetic rubber involves the utilization of a variety of catalysts and solvents, including hexane, cyclohexane, benzene, and toluene, which are sourced from oil and gas industry.

Increasing Recovery of Natural Rubber

  • Recovery of the natural rubber industry is the challenge that affects the growth of the market. The decision to cut crude oil supply by the organization of the petroleum exporting countries (OPEC) is one of the main factors contributing to the recovery of natural variant prices. The reduced supply led to an increase in crude oil prices, affecting the price of liquid synthetic variants. Liquid synthetic variant is a major substitute for natural variant and has increased production costs for manufacturers. This has led to speculation about the possibility of replacing the synthetic variant with the natural variant.

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Liquid Synthetic Rubber Market Competitive Landscape

Major players in the liquid synthetic rubber industry are constantly looking for new ways to improve their products and services and are investing heavily in research and development. This competitive landscape is expected to continue in the coming years as major players strive to gain market share and maintain their positions in the market. Leading liquid synthetic rubber market players are adopting various strategies to enhance their market position, such as product innovation, mergers and acquisitions and strategic partnerships. The liquid synthetic rubber market development is expected to continue in the coming years, as the market is expected to witness increasing adoption of liquid synthetic rubber in various applications.

Top Players in Liquid Synthetic Rubber Market

  • BASF SE (Germany)
  • Dow Inc. (United States) 
  • Kuraray Co., Ltd. (Japan) 
  • Synthomer Plc (United Kingdom) 
  • Evonik Industries AG (Germany) 
  • Lion Elastomers (United States) 
  • Asahi Kasei Corporation (Japan) 
  • Arlanxeo (Netherlands) 
  • Versalis S.p.A. (Italy) 
  • Zeon Corporation (Japan) 
  • LG Chem Ltd. (South Korea) 
  • Kumho Petrochemical Co., Ltd. (South Korea) 
  • Nizhnekamskneftekhim (Russia) 
  • Sibur Holding (Russia) 
  • Trinseo S.A. (United States) 
  • Eni S.p.A. (Italy) 
  • ExxonMobil Chemical Company (United States) 
  • Goodyear Chemical (United States) 
  • Sumitomo Chemical Co., Ltd. (Japan)

Recent Developments

  • In August 2022, Lion Elastomers announced the USD 22 million expansion of the Geismar plant. The expansion will increase production capacity at the plant, supporting the supply chains of automobile tyre manufacturers and producing a broad range of other rubber goods. With the reinvestment in its Geismar plant, Lion Elastomers will retain 176 Capital Region jobs.
  • In March 2022, Arlanxeo, the Dutch-based synthetic rubber company, announced to increase in the annual production capacity of its EPDM synthetic rubber plant in Changzhou by 15%.
  • In June 2022, POLYVEST eCO is a new line of sustainable liquid polybutadienes from Evonik's Coating & Adhesive Resins business. It has been demonstrated that using sustainably produced butadiene to manufacture this innovative product line reduces the utilization of fossil raw materials by up to 99.9%.

Liquid Synthetic Rubber Key Market Trends

Liquid Synthetic Rubber Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the liquid synthetic rubber industry is witnessing significant growth due to its extensive application in various industries, particularly in the production of natural food additives. In the food sector, liquid synthetic rubber is used in the form of vegetable concentrates, purees, powders, and functional ingredients. The beverage industry, dairy industry, and baby food industry are the major consumers of these products. Functionality and shelf life are the two primary factors driving the demand for liquid synthetic rubber in food processing. Liquid isoprene rubber assists in sealants and coatings industry. When it is amalgamated into sealant constructions for severe modifications of property to sound and dampening performance, offer broad cold temperature performance, alongside lengthier product life period up surging the growth of market. Liquid isoprene rubber assists in production of extensive variety of industrial constituents such as motor mounts, gaskets, bushing, tank linings, drive belts, seals, gaskets, bushings, motor mounts, and tank linings.

Report Metric Details
Market size value in 2023 USD 14.08 billion
Market size value in 2032 USD 21.11 billion
Growth Rate 4.6%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, Liquid EPDM, Liquid NBR
  • Application
    • Tires, Industrial Rubber, Adhesives, Polymer Modification, Waterproofing Coatings, Footwear, Other Applications
  • Polymerization Process
    • Emulsion Polymerization, Solution Polymerization, Bulk Polymerization
  • End-Use Sector
    • Automotive, Industrial, Consumer Goods, Construction, Healthcare
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany)
  • Dow Inc. (United States) 
  • Kuraray Co., Ltd. (Japan) 
  • Synthomer Plc (United Kingdom) 
  • Evonik Industries AG (Germany) 
  • Lion Elastomers (United States) 
  • Asahi Kasei Corporation (Japan) 
  • Arlanxeo (Netherlands) 
  • Versalis S.p.A. (Italy) 
  • Zeon Corporation (Japan) 
  • LG Chem Ltd. (South Korea) 
  • Kumho Petrochemical Co., Ltd. (South Korea) 
  • Nizhnekamskneftekhim (Russia) 
  • Sibur Holding (Russia) 
  • Trinseo S.A. (United States) 
  • Eni S.p.A. (Italy) 
  • ExxonMobil Chemical Company (United States) 
  • Goodyear Chemical (United States) 
  • Sumitomo Chemical Co., Ltd. (Japan)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Liquid Synthetic Rubber Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Liquid Synthetic Rubber Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Liquid Synthetic Rubber Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Liquid Synthetic Rubber Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Liquid Synthetic Rubber Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Liquid Synthetic Rubber Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Liquid Synthetic Rubber Market size was valued at USD 15.13 Billion in 2023 and is poised to grow from USD 15.77 Billion in 2024 to USD 21.92 Billion by 2032, growing at a CAGR of 4.2% in the forecast period (2025-2032).

Major players in the liquid synthetic rubber industry are constantly looking for new ways to improve their products and services and are investing heavily in research and development. This competitive landscape is expected to continue in the coming years as major players strive to gain market share and maintain their positions in the market. Leading liquid synthetic rubber market players are adopting various strategies to enhance their market position, such as product innovation, mergers and acquisitions and strategic partnerships. The liquid synthetic rubber market development is expected to continue in the coming years, as the market is expected to witness increasing adoption of liquid synthetic rubber in various applications. 'Chevron Phillips Chemical Co. LLC', 'CSRC Investment Holdings Co. Ltd.', 'Eni SpA', 'Evonik Industries AG', 'Exxon Mobil Corp.', 'H.B. Fuller Co.', 'KURARAY Co. Ltd.', 'Lanxess AG', 'LG Chem Ltd.', 'Michelin Group', 'MITSUI and CO. LTD.', 'PJSC SIBUR Holding', 'Saudi Arabian Oil Co.', 'SK Innovation Co. Ltd.', 'Sumitomo Chemical Co. Ltd.', 'Synthomer Plc', 'Ter Group'

The production of tyres makes extensive use of liquid synthetic rubber because it offers increased durability and higher performance of tyres, in addition to the introduction of tyre labelling laws, which has led to the widespread deployment of this material. PBR and SBR are the types of synthetic rubber that are utilized in the production of tyres at the highest rates. The primary application for polybutadiene is in the production of tyres for automobiles. It has been calculated that the process of producing tyres uses up around 70 percent of the total amount of polybutadiene that is manufactured. 

Increasing Use of Bio-Based Feedstock:  The development of renewable chemicals for production is growing rapidly for sustainability reasons. High prices and an endless supply of petroleum and natural rubber raw materials have stimulated the use of renewable raw materials for production. The major players in the global market are focusing on producing this from biological raw materials. Moreover, sugar, glycerin, and other plant-based raw materials are evolving into economically viable alternatives to conventional raw materials, including butadiene and isoprene.

Asia Pacific is dominating with the largest liquid synthetic rubber market share. The region is dominating because of the expansion of the manufacturing and construction industries in countries such as China, India, and Japan, which has resulted in a significant increase in the demand for liquid synthetic rubber. In addition, an increase in infrastructure development and building activities throughout the region, particularly in countries such as China and India, have contributed to an increase in the demand for adhesives. Because of this, the demand that adhesive makers have for liquid synthetic rubber has increased dramatically in recent times. In addition, an increase in both the demand for and production of electric cars throughout the area has contributed to an uptick in the automotive sector's need for tires. As a result of this, the demand for liquid synthetic rubber from producers of tires has grown significantly, which is anticipated to contribute significantly to the expansion of the market.

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Liquid Synthetic Rubber Market

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