Liquid Synthetic Rubber Market [2022-2031] Status and Prospect | Global Industry Size, Growth Rate, Share, Players Profiles, Upstream and Downstream Analysis, Cost Analysis, Revenue, Price and Gross Margin Research

Kenneth Research recently added a report on the Liquid Synthetic Rubber Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.

Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10166361

It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

The global liquid synthetic rubber was valued at $3.8 billion in 2018. Liquid synthetic rubber is a polyurethane casting component in the form of liquid that incorporates effective flow properties and flexible rubber. Moreover, liquid synthetic rubber is adopted worldwide for ducting expansion joints, bins castings, linings mouldings, and conveyor belt damaged rubber. The booming demand for liquid synthetic rubber is attributed towards rapid purchasing of automobile by the citizens in various developing countries such as China and India that regardless of high fuel prices are displaying high demand for vehicles.

In the present scenario, price of butadiene (key raw material used in producing liquid synthetic rubber) is increasing at very rapid pace, as it is obtained from petrochemical feedstock and the fluctuations in petrochemical prices have major impact on the final cost of liquid synthetic rubber. Furthermore, the manufacturers are also fortifying a stable supply of feedstock which in turn is expected to develop prospective growth opportunities in the demand for butadiene thereby significantly attributing towards the growth of the global liquid synthetic rubber market.
The synthetic rubber is gaining significant market gains as compared to that of natural rubber and is the key factor driving the growth of the global liquid synthetic rubber market. China is the largest consumer of natural rubber and synthetic rubber, and it has been estimated that approximately 8% of demand for natural rubber is substitutable to synthetic rubber. Natural rubber and synthetic rubber are considered to be highly substitutable and competitive and factors such as low abrasion resistance and end product specifications make synthetic rubber more popular worldwide considerably accentuating the growth of the global liquid synthetic rubber market.

The pervasive demand for tire is thereby escalating the growth of the global liquid synthetic rubber market. Whether the purchase of new tire is undertaken or the existing models are being replaced in the market, the largest consumer for synthetic rubbers are the tire manufacturers. Moreover, implementation of several norms developed by the government authorities and increasing concerns pertaining to the environment are further propelling the demand for liquid synthetic rubber market globally.

The major application of liquid synthetic rubber is in the production of tires and is further mixed with carbon black agent to develop tough and sturdy tires. Besides, liquid synthetic rubber is also used in consumer goods industry such as for the development of erasers, footwear, and sports goods. Additionally, these rubbers are also used in healthcare industry in making contraceptives, surgical gloves, and catheters, which in turn, further drives the growth of the liquid synthetic rubber market globally at considerable rate.

However, volatile prices of raw material are expected to further hinder the growth of the global liquid synthetic rubber market in the near future.

Liquid synthetic rubber market forecast 2019 – 2029 estimates the historical market size in terms of volume as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the liquid synthetic rubber manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. End Use players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.

Based on application, the global liquid synthetic rubber market is categorised into liquid butadiene rubber, liquid isoprene rubber, and liquid styrene butadiene rubber. Among these segments, liquid isoprene rubber is anticipated to generate largest revenue throughout the estimated period owing to increasing utilisation of these rubbers in coatings & sealants domain. Moreover, these rubbers are used in the industry necessitating efficient resilience, low level of water swelling and hot melts.

The liquid synthetic rubber market in North America is anticipated to generate largest revenue throughout the estimated period. The extensive growth of synthetic rubber is attributed towards their adoption from several industry domains such as in construction liquid synthetic rubbers are used in hoses, elevator belts, seismic bearings and tubes. Moreover, employing of durable, elastic and harder quality of rubber used for the manufacturing of aircraft tires, waterproof gaskets and hose pipes are thereby escalating the growth of liquid synthetic rubber market in this region.

Moreover, liquid synthetic rubber market in Asia-Pacific since it is anticipated to witness fastest growth during the forecast period. Increasing adoption of vehicles in the developing countries such as China and India, increasing population and disposable income of the citizens along with favourable policies implemented by the government authorities towards development of automobile components are the key factors pertaining towards the growth of this market. Furthermore, propelling transportation industry in the region that is the largest manufacturer of tires and heightened growth observed from automobile domain in China is thereby bolstering the growth of the liquid synthetic rubber market in the region.

The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.

Request Free Sample Copy :- https://www.kennethresearch.com/sample-request-10166361

The eminent key players in the global liquid synthetic rubber market are refining their manufacturing efficiencies, enhancing product portfolio and implementing mergers & acquisitions in order to gain competitive edge worldwide. Some of the players having prominent presence in the global liquid synthetic rubber market include Kumho Petrochemical Co., Ltd. (KKPC), TER HELL & Co. GmbH, Synthomer plc, Royal Adhesives & Sealants, Evonik Industries AG, Efremov Synthetic Rubber, Kuraray Co., Ltd., Nippon Soda Co., Ltd., Asahi Kasei, and Puyang Linshi Chemical New Material Co., Ltd.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

Contact Us

Kenneth Research

Email : sales@kennethresearch.com

Phone: +1 313 462 0609

Kenneth Research recently added a report on the Liquid Synthetic Rubber Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.

Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10166361

It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

The global liquid synthetic rubber was valued at $3.8 billion in 2018. Liquid synthetic rubber is a polyurethane casting component in the form of liquid that incorporates effective flow properties and flexible rubber. Moreover, liquid synthetic rubber is adopted worldwide for ducting expansion joints, bins castings, linings mouldings, and conveyor belt damaged rubber. The booming demand for liquid synthetic rubber is attributed towards rapid purchasing of automobile by the citizens in various developing countries such as China and India that regardless of high fuel prices are displaying high demand for vehicles.

In the present scenario, price of butadiene (key raw material used in producing liquid synthetic rubber) is increasing at very rapid pace, as it is obtained from petrochemical feedstock and the fluctuations in petrochemical prices have major impact on the final cost of liquid synthetic rubber. Furthermore, the manufacturers are also fortifying a stable supply of feedstock which in turn is expected to develop prospective growth opportunities in the demand for butadiene thereby significantly attributing towards the growth of the global liquid synthetic rubber market.
The synthetic rubber is gaining significant market gains as compared to that of natural rubber and is the key factor driving the growth of the global liquid synthetic rubber market. China is the largest consumer of natural rubber and synthetic rubber, and it has been estimated that approximately 8% of demand for natural rubber is substitutable to synthetic rubber. Natural rubber and synthetic rubber are considered to be highly substitutable and competitive and factors such as low abrasion resistance and end product specifications make synthetic rubber more popular worldwide considerably accentuating the growth of the global liquid synthetic rubber market.

The pervasive demand for tire is thereby escalating the growth of the global liquid synthetic rubber market. Whether the purchase of new tire is undertaken or the existing models are being replaced in the market, the largest consumer for synthetic rubbers are the tire manufacturers. Moreover, implementation of several norms developed by the government authorities and increasing concerns pertaining to the environment are further propelling the demand for liquid synthetic rubber market globally.

The major application of liquid synthetic rubber is in the production of tires and is further mixed with carbon black agent to develop tough and sturdy tires. Besides, liquid synthetic rubber is also used in consumer goods industry such as for the development of erasers, footwear, and sports goods. Additionally, these rubbers are also used in healthcare industry in making contraceptives, surgical gloves, and catheters, which in turn, further drives the growth of the liquid synthetic rubber market globally at considerable rate.

However, volatile prices of raw material are expected to further hinder the growth of the global liquid synthetic rubber market in the near future.

Liquid synthetic rubber market forecast 2019 – 2029 estimates the historical market size in terms of volume as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the liquid synthetic rubber manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. End Use players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.

Based on application, the global liquid synthetic rubber market is categorised into liquid butadiene rubber, liquid isoprene rubber, and liquid styrene butadiene rubber. Among these segments, liquid isoprene rubber is anticipated to generate largest revenue throughout the estimated period owing to increasing utilisation of these rubbers in coatings & sealants domain. Moreover, these rubbers are used in the industry necessitating efficient resilience, low level of water swelling and hot melts.

The liquid synthetic rubber market in North America is anticipated to generate largest revenue throughout the estimated period. The extensive growth of synthetic rubber is attributed towards their adoption from several industry domains such as in construction liquid synthetic rubbers are used in hoses, elevator belts, seismic bearings and tubes. Moreover, employing of durable, elastic and harder quality of rubber used for the manufacturing of aircraft tires, waterproof gaskets and hose pipes are thereby escalating the growth of liquid synthetic rubber market in this region.

Moreover, liquid synthetic rubber market in Asia-Pacific since it is anticipated to witness fastest growth during the forecast period. Increasing adoption of vehicles in the developing countries such as China and India, increasing population and disposable income of the citizens along with favourable policies implemented by the government authorities towards development of automobile components are the key factors pertaining towards the growth of this market. Furthermore, propelling transportation industry in the region that is the largest manufacturer of tires and heightened growth observed from automobile domain in China is thereby bolstering the growth of the liquid synthetic rubber market in the region.

The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.

Request Free Sample Copy :- https://www.kennethresearch.com/sample-request-10166361

The eminent key players in the global liquid synthetic rubber market are refining their manufacturing efficiencies, enhancing product portfolio and implementing mergers & acquisitions in order to gain competitive edge worldwide. Some of the players having prominent presence in the global liquid synthetic rubber market include Kumho Petrochemical Co., Ltd. (KKPC), TER HELL & Co. GmbH, Synthomer plc, Royal Adhesives & Sealants, Evonik Industries AG, Efremov Synthetic Rubber, Kuraray Co., Ltd., Nippon Soda Co., Ltd., Asahi Kasei, and Puyang Linshi Chemical New Material Co., Ltd.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

Contact Us

Kenneth Research

Email : sales@kennethresearch.com

Phone: +1 313 462 0609

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