Liquid Synthetic Rubber Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 6.7 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
As we transition into the period from 2023 to 2033, the outlook for the liquid synthetic rubber market is expected to shift due to evolving industry needs and technological advancements. One of the key drivers for the market will be the surge in the electric vehicle market, where liquid synthetic rubber’s properties offer significant advantages in insulation, sealing, and vibration dampening. As electric vehicles become more mainstream, the demand for LSR will likely grow exponentially, with automakers seeking sustainable, high-performance materials.
Furthermore, as industries focus more on sustainability and environmentally friendly solutions, liquid synthetic rubber is poised to benefit from advancements in green manufacturing techniques. With increasing investments in R&D for eco-friendly LSR production processes, manufacturers can expect more efficient, cost-effective, and sustainable production methods to dominate in the next decade.
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The liquid synthetic rubber market has witnessed notable changes from 2018 to 2022, with demand fluctuating due to various industrial needs, market trends, and economic conditions. Liquid synthetic rubber (LSR) is a versatile material used in a wide array of industries, including automotive, healthcare, and consumer goods. This market grew steadily from 2018 to 2022, driven primarily by advancements in technology and increasing demand from emerging industries such as electric vehicles and medical devices. The automotive sector was a key contributor, with LSR being used in seals, gaskets, and other critical components.
During this period, the rise of electric vehicles (EVs) boosted the demand for advanced sealing solutions, which liquid synthetic rubber is ideal for due to its durability and resistance to extreme temperatures. Additionally, the healthcare industry's increasing need for medical-grade rubber for implants, tubing, and syringes helped fuel market growth. Geographically, North America and Europe maintained their dominance in the LSR market, with steady growth in Asia-Pacific, especially in China and India, which further contributed to the global expansion of the market.
Royal Adhesives & Sealants
TER HELL & Co. GmbH
Puyang Linshi Chemical New Material Co.
Ltd.
Kuraray Co.
Ltd.
Synthomer plc
Nippon Soda Co.
Ltd.
Evonik Industries AG
Kumho Petrochemical Co.
Ltd. (KKPC)
Efremov Synthetic Rubber
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Liquid Synthetic Rubber Market
Tire
Industrial Rubber
Adhesive
Based on Types the Market is categorized into Below types that held the largest Liquid Synthetic Rubber market share In 2023.
Liquid Isoprene
Liquid Butadiene
Liquid Styrene Butadiene
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Liquid Synthetic Rubber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Liquid Synthetic Rubber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Liquid Synthetic Rubber Market, By Type
6. Global Liquid Synthetic Rubber Market, By Application
7. Global Liquid Synthetic Rubber Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Liquid Synthetic Rubber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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