Synthetic rubber is a non-natural elastomer, which is formed from the by-products of petroleum. Liquid synthetic rubber is polyurethane in a liquid state, which displays enhanced flow properties and superior abrasion resistance. It finds its main application in industrial rubber manufacturing, polymer modification, tyre manufacturing, and adhesive manufacturing.
The driving factors of the liquid synthetic rubber market are:
- The Increase in Demand for Tyres Sector
The production of tyres makes extensive usage of liquid synthetic rubber because it offers augmented durability and higher performance of tyres, in addition to the introduction of tyre labelling laws, which has led to the extensive deployment of this material. PBR and SBR are the types of synthetic rubber that are used in the production of tyres at the highest rates. The prime application for polybutadiene is in the production of tyres for automobiles. It has been calculated that the process of manufacturing tyres uses up around 70 per cent of the total amount of polybutadiene that is manufactured. Its main application is as a sidewall in tyres, where it helps decrease the wear and tear that is brought on by the constant bending that occurs when the tyres are being driven. In addition, butadiene is used for the variability of purposes in other components of automobiles.
- The rise in the shift towards eco-friendly tires
The global Liquid Synthetic Rubber Market size was valued at USD 3.73 Billion in 2021 growing at the CAGR of 6.1%from 2022 to 2032. Evolve Business Intelligence provides an in-dept research study that contains the ability to focus on the major market dynamics in several region across the globe. Moreover, a details assessment of the market is conducted by our analysts on various geographic including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to provide clients with opportunity to dominate the emerging markets. The Liquid Synthetic Rubber Market study includes growth factors, restraining factors, challenges, and Opportunities which allows the businesses to assess the market capability of the industry. The report delivers market size from 2020 to 2032 with forecast period of 2022 to 2032. The report also contains revenue, production, sales consumption, pricing trends, and other factors which are essential for assessing any market.
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Key Highlights:
- The global Liquid Synthetic Rubber Market size was valued at USD 3.73 Billion in 2021 growing at the CAGR of 6.1%from 2022 to 2032.
- Asia Pacific dominated the market in 2021
- Europe is expected to grow at a highest CAGR from 2022 to 2032
Key Players
The Liquid Synthetic Rubber Market report gives comprehensive information about the company and its past performance. The report also provides a detail market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- Efremov Synthetic Rubber
- Evonik Industries AG
- Kumho Petrochemical Co., Ltd. (KKPC),
- Nippon Soda Co., Ltd.
- Puyang Linshi Chemical New Material Co., Ltd.
- Synthomer plc
- Royal Adhesives & Sealants
- TER HELL & Co. GmbH
- Kuraray Co., Ltd. Kuka
The Global Cloud Robots Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Liquid Synthetic Rubber Market provide specialised product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID 19 impact, the Liquid Synthetic Rubber Market report also includes the following data points:
- COVID19 Impact on Liquid Synthetic Rubber Market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Liquid Synthetic Rubber market
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Market Segment By Application:
- Liquid Styrene Butadiene Rubber
- Liquid Isoprene Rubber
- Liquid Butadiene Rubber Services
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Asia-Pacific held the largest revenue share of the Liquid Synthetic Rubber Market, due to the rapid development of the manufacturing and construction sectors in China, Japan, and India which has resulted in a significant upsurge in demand for liquid synthetic rubber.
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- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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