Top Liquid Synthetic Rubber Companies

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.