Liquid Synthetic Rubber Market Anticipated To Expand At A CAGR Of 4.6% For The Forecast Period From 2017 To 2025: Grand View Research Inc.
San Francisco, 26 April 2019: The Report Liquid Synthetic Rubber Market Size, Share & Trends Analysis Report By Product (Isoprene, Butadiene, Styrene Butadiene), By Application (Tire, Industrial Rubber, Adhesive), And Segment Forecasts, 2019 – 2025
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.
Access Research Report of Liquid Synthetic Rubber Market @ www.grandviewresearch.com/industry-analysis/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
- 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
- Industrial rubber manufacturing
- Polymer modification
- Tire manufacturing
- Others
- Tire manufacturing
- Polymer modification
- Adhesives
- Others
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Comments
Post a Comment