BUSINESS: Global Liquid Synthetic Rubber Market (2021 To 2026) – Growth, Trends, COVID-19 Impact And Forecasts – ResearchAndMarkets.com

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By Daniel Webster, dWeb.News Publisher

DUBLIN–(BUSINESS WIRE)–The “Liquid Synthetic Rubber Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The liquid synthetic rubber market is valued at 13,500 USD million in 2020 and is projected to register a CAGR of over 4.5% during the forecast period (2021-2026).

Companies Mentioned

Asahi Kasei Advance Corporation
Evonik Industries AG
H.B. Fuller Company
KUMHO PETROCHEMICAL
Kuraray Co. Ltd
JSR Corporation
TER HELL & Co. GmbH
Linshi Chem (Puyang) Advanced Material Co. Ltd
Lion Elastomers
Nippon Soda Co. Ltd
Synthomer PLC
ARLANXEO
China National Petroleum Corporation

Key Market Trends

Increasing Demand from the Tires Segment

Synthetic rubber is the artificial elastomer, which is produced from byproducts of petroleum. Liquid synthetic rubber

is a liquid polyurethane. It forms compounds with high flow properties and abrasion characteristics.

The superior properties of liquid synthetic rubber such as liquid butadiene rubber include abrasion resistance and cut growth resistance. They also have high resilience to heat buildup and low temperature flexibility. These properties are why liquid synthetic rubbers are used extensively in tire manufacturing.
An increase in the use of liquid polybutadiene and liquid styrenebutadiene rubber to manufacture tires and their components (treads, rims/apex/flange and carcass) has increased demand for liquid synthetic rubber, which is driving its market.
Liquid synthetic rubber is a better option for tires due to its superior durability and performance. This would encourage tire manufacturing and increase the demand for liquid synthe rubber.
For instance, according to OICA, around 77. 62 million vehicles were produced globally in 2020 compared to 92. 18 million vehicles produced in 2019, witnessing a decreasing growth rate of about 15.8%, which reduced the demand for tires.
According to the US Tire Manufacturers Association (USTMA), the total US tire shipments was accounted for about 303.2 million units in 2020, with a decline rate of about 9% from 332.7 million units in 2019. Furthermore, the association forecasted that the total United States tire shipments would reach 315.7 million units in 2021, thereby is expected to drive the demand for the market studied.

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region is expected to dominate the market for liquid synthetic rubber during the forecast period. Due to increasing demand from industrial rubber manufacturing and tire manufacturing as well as adhesives and sealants and polymer modification and the availability of raw materials and rapid growth of the manufacturing sector, liquid synthetic rubber is in high demand in countries like China and Japan.

China is both the largest consumer and producer of automobile vehicles. According to OICA, around 25. 23 million vehicles were produced in China during 2020 compared to 25. 75 million vehicles that were produced in 2019, witnessing a decrease in the growth rate of about 2%.

According to the Automotive Tire Manufacturers Association (ATMA) of India, the total volume of tires produced in India was about 191. 98 million units in 2019, with a growth rate of about 7.5% compared to the previous year.
Liquid synthetic rubber is also used in the construction industry. In 2020, the Chinese construction industry was valued at about USD 1,049.2 billion, and it is estimated to reach about USD 1,117.4 billion by 2021, with a growth rate of about 6.5%, thereby is expected to stimulate the demand for liquid synthetic rubber such as liquid styrene-butadiene rubber, which is used in the formulation of adhesives for cement bond coat, mortars, and concrete, and also can be used in sealants and coatings production.
The Asia-Pacific region is home to several major companies, including Synthomer PLC and LINSHI CHEM ADVANCED MATERIAL CO. LTD. Fuller Company.
The market will be impacted by the following factors.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Rising Demand from the Adhesive Segment

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Slowdown in the Conventional Automotive Industry

4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Product Type

5.2 Application

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Development of Bio-based Feedstock for Synthetic Rubber

For more information about this report visit https://www.researchandmarkets.com/r/jc69sq

More dWeb.News Business News at https://dweb.news/category/dweb-news/section-b-business-news/

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