14-May-2019: The global liquid synthetic rubber market size
is expected to reach USD 5.02 billion by 2025, according to a new report by
Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% during
the forecast period. Growing demand for liquid isoprene, butadiene, and styrene
butadiene rubber in tire manufacturing is expected to drive the growth in the
forthcoming years.
High cost, low abrasion
resistance, limited supply leading to price volatility of natural rubber has
led to the increasing demand for synthetic rubber from application industries.
In addition, these rubbers have inherent advantage in terms of physical
properties, which is the primary factor driving the market.
Ascending demand for the
product for adhesives, sealants, and coatings applications, on account of its
excellent low-temperature profile, low Volatile Organic Compounds (VOC), and
high electrical resistance is expected to complement market growth. In
addition, rising demand for UV curable isoprene rubber as precision adhesive for
electronics is expected to propel growth of the Liquid Synthetic Rubber (LSR)
market.
The growing demand for products
with low VOC concentration in polymer modifications and Ethylene Propylene
Diene Monomer (EPDM) compounds to improve mechanical resistance and crosslink
density is expected to increase product demand. Furthermore, increasing product
penetration in polymer modifications to enhance functionality and durability is
expected to drive the liquid synthetic rubber market.
Regulations pertaining to tire
labeling compel tire manufacturers to label tires for key parameters, such as
rolling resistance and wet grip. The European Union (EU) countries along with
the U.S., China, and Japan, have implemented tire labeling regulations, which
has a significant impact on the product manufacturing to improve the
performance of the materials.
In depth research report on Liquid Synthetic
Rubber Market
Further
key findings from the report suggest:
· Butadiene
accounted for 66.6% of the revenue share in 2017 on account of increasing
penetration of the product in manufacturing sidewalls of truck and car tires as
it aids in improving fatigue
· Adhesives,
sealants & coatings application accounted for 54.8% of the isoprene segment
in terms of revenue in 2017 on account of their excellent low-temperature
profile, low VOC, and high electrical resistance
· Asia
Pacific is expected to register a CAGR of 4.2% owing to the presence of major
liquid synthetic rubber producers, availability of raw materials, low
manufacturing cost, and increasing application scope
· U.S.
accounted for 83.24% of North America’s revenue share on account of the
presence of robust tire manufacturing and retreading sector along with the
recovery of the country’s automotive industry
· The
global liquid synthetic rubber market is niche and fragmented with very few
manufacturers and service providers who compete on the basis of product quality
improvement and capacity expansion.
Grand View Research has
segmented the global liquid synthetic rubber market on the basis of product by
application and region:
Liquid
Isoprene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
· Adhesive
· Sealants
& coatings
· Industrial
Rubber components
· Tire
manufacturing
· Others
Liquid
Butadiene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
· Industrial
rubber manufacturing
· Polymer
modification
· Tire
manufacturing
· Others
Liquid
Styrene Butadiene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014
- 2025)
· Tire
manufacturing
· Polymer
modification
· Adhesives
· Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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