Global Liquid Synthetic Rubber Market by Product (Butadiene, Styrene Butadiene, Isoprene), by Application (Industrial Rubber, Adhesive, Tire) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2017, the global market for liquid synthetic rubber was valued at USD 3.51 million. It is expected to grow at a 4.6% CAGR from 2017 to 2025. The growth is expected to be driven by the increasing demand for butadiene and styrenebutadiene in rubber product manufacturing, tire manufacturing, adhesives and sealants, and industrial rubber products manufacturing.

Raw materials used for manufacturing liquid synthetic rubber (LSR) are polymer compounds, such as cis-1,4-polyisoprene, cis-1,4-polybutadiene, and styrene. Exxon Mobil and Sibur are the major polybutadiene suppliers. They are integrated throughout the value chain, i.e. From petroleum refining to the production of polybutadiene.

The price of petrochemical feedstock is a key factor in the cost of LSR. This includes raw materials such as styrene butadiene. Manufacturers have established long-term relationships with major raw material suppliers to ensure high quality and consistent supply.

LSR manufacturers sell their products directly to the applications industries via internal marketing, sales, service, and support teams. Distributors such as Weber & Schaer or Milagro Rubber Co. offer a variety of products and help in expanding geographical and clientele.

LSRs are used extensively in the adhesive, sealant, and coating industries. Butadiene rubber and liquid isoprene are used for many purposes, including plasticizing and tacking hot-melt adhesives. It is also used in automotive adhesives and electronics adhesives. The isoprene grades are functionalized with Maleic Anhydride via carboxylation or by grafting to improve adhesion.

Natural rubber is losing market share to synthetic rubber due to many factors such as high price and low abrasion resistance. This will have a positive effect on market growth. The macro factors that affect the natural rubber market, like price volatility and limited availability, are projected to have positive effects on the growth of liquid synthetic rubber.

Product by Application Insights

The superior mixing, molding, extrusion and calendaring capabilities of liquid isoprene rubbers make them ideal for a variety of industries that require low water swell, good resilience and high hot and gum strength. It is used primarily for the manufacture of adhesive products such as hot-melts and cross-linking agents. The wide variety of applications for liquid isoprene rubber in the sealants and coatings industries is impressive. When this product is used in sealant formulations to modify sharp properties, it provides broad cold temperature performance, sound and dampening performance as well as longer product lives, which drives market growth.

A wide range of industrial components are manufactured from liquid isoprene rubber, including seals and gaskets, drive belts, hoses and gaskets. The product is expected to grow due to its increasing use in the manufacturing of industrial rubber components and the growth of manufacturing industries across major economies.

Because of its high temperature operating capability, liquid butadiene rubber can be used in high-performance crosslinked rubber applications. Its grades vary with the grade. To obtain excellent curing kinetics and processability, it is used in Ethylene Propylene Diene Monomer rubbers. Because of their properties (such as low heat buildup and abrasion and high resilience, low heat resistance, low cut growth resistance, and low temperature flexibility, tire manufacturing is the most popular application segment, they are ideal for use in tires. It can be mixed with styrenebutadiene, natural rubber, and used as a tread rubber or sidewall.

It is used in sealants and coatings, and as a structural adhesive to improve adhesion to metal surfaces. Market growth is expected to be boosted by an increase in the application of coatings, adhesives and potting agents as well as casting and laminating compounds and a vulcanizable rubberizer.

The main use of liquid styrene butadiene rubber in tire production is the manufacture of treads, carcass, apex/rim/flange and other components. The tire industry is seeing a rise in demand for this rubber due to its superior durability and performance, as well as the adoption of regulations regarding tire labeling.

Styrene butadiene rubber can be used to modify several olefins to add new functional groups or other blends as well as change undesirable properties such as polarity, adhesion and resistance to the aging and degradation of rubbers, plastics, and resins. It is used primarily as an asphalt modifier.

When used as an adhesive in cement bond coats, concrete and mortars, liquid styrene butadiene rubber improves bond strength and chemical resistance. This reduces cracking and increases durability, tensile and wear resistance. Market growth is expected to be driven by an increasing use of adhesives within the end-use sector.

Regional Insights

Asia Pacific was the region with the highest market share, both in volume and revenue, due to the presence major tire manufacturing companies from China and Japan. Over the forecast period, the region will see strong growth due to the presence of many manufacturers, the availability of raw materials and low manufacturing costs, as well as a broad range of applications.

LSR is being used by the lucrative European automotive industry, which in turn helps market growth. Market growth will be aided by the presence of major tire manufacturers such as Bridgestone, Michelin and Goodyear, Pirelli and Apollo, and innovative manufacturing techniques used by these companies.

North American infrastructure projects and commercial projects are expected to increase demand for adhesives, sealants, and coatings. Coating manufacturers have had to address issues such as weatherability, chemical resistance, and mechanical strength due to the abundance of market opportunities.

China is the largest producer of synthetic rubber in the world. Over the forecast period, the market will be driven by the rapid growth of the country's manufacturing sector, primarily in automotive and construction materials.

Market Share Insights & Key Companies

Globally, the market is small and fragmented. There are very few manufacturers. The key to competitive advantage lies in increased regional presence and greater investment in downstream applications. To take advantage of low labor costs, manufacturers are expanding into developing countries. They also invest in improving their products to increase their product offerings.

The major players are Synthomer plc, Royal Adhesives & Sealants, TER HELL & Co. GmbH, Kuraray Co., Ltd. Because of the low product differentiation, manufacturers are now actively engaged in R&D. They have to concentrate on quality development.

Liquid Synthetic Rubber Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2014 through 2025. Grand View Research has divided the global market for liquid synthetic rubber based on product type and location.

• Product Outlook by Application (Volume of Kilo Tons; Revenue USD Million, 2014-2025)

  • Liquid Isoprene

    • Adhesive

    • Sealants & Coatings

    • Industrial Rubber Components

    • Tire Manufacturing

    • Other

  • Liquid Butadiene

    • Rubber manufacturing

    • Polymer Modification

    • Tire Manufacturing

    • Other

  • Liquid Styrene Butadiene

    • Tire Manufacturing

    • Modification of polymers

    • Adhesives

    • Other

• Regional Outlook (Volume of Kilo Tons; Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • France

    • Germany

    • U.K.

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. The global market for liquid synthetic rubber was valued at USD 3.8 million in 2019, and is forecast to grow to USD 4.04 billion by 2020.

b. Global liquid synthetic rubber market will grow at a compound annual rate of 4.6% between 2017 and 2025, reaching USD 5.0 billion in 2025.

b. Asia Pacific was the dominant market for liquid synthetic rubber in 2019, with 57.29% of the total market. This is due to the availability of many manufacturers and low manufacturing costs. There are also many applications.

b. Evonik Industries AG and Synthomer plc are some of the key players in the liquid synth rubber market.

b. The market growth is driven by the increasing demand for butadiene and isoprene in tire manufacturing, adhesives sealants and coatings, as well as industrial rubber products manufacturing.

Up Market Research published a new report titled “Liquid Synthetic Rubber Market research report which is segmented by Product (Butadiene, Styrene Butadiene, Isoprene), by Application (Industrial Rubber, Adhesive, Tire), By Players/Companies Ltd, Evonik Industries AG, TER HELL & Co GmbH and Kuraray Co, Synthomer plc, Royal Adhesives & Sealants, Ltd, Nippon Soda Co”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Liquid Synthetic Rubber Market Report Segments:

The market is segmented by Product (Butadiene, Styrene Butadiene, Isoprene), by Application (Industrial Rubber, Adhesive, Tire).

Liquid Synthetic Rubber Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Liquid Synthetic Rubber Market

Overview of the regional outlook of the Liquid Synthetic Rubber Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Liquid Synthetic Rubber Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Liquid Synthetic Rubber Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Butadiene

                2. Styrene Butadiene

                3. Isoprene

                1. Industrial Rubber

                2. Adhesive

                3. Tire

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Liquid Synthetic Rubber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Liquid Synthetic Rubber Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.