LIQUID SYNTHETIC RUBBER MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2020 - 2026)

LIQUID SYNTHETIC RUBBER MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2020 - 2026)

Growing applications of liquid synthetic rubber in various end-user industries such as electronics, automotive, chemical, building & construction, and paints & coatings are primarily driving industry growth. The substance possesses superior physical and chemical properties, due to which they are widely utilized across numerous industrial applications.

In the automotive sector, liquid synthetic rubber has application in tire manufacturing. On the other hand, the substance is extensively utilized in polymer modification in the chemical sector. The product is also used in the manufacture of adhesives, sealants, and coatings. Growing applications of adhesives & sealants in the construction industry are predicted to augment liquid synthetic rubber demand to a large extent.

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According to Global Market Insights, Inc., forecast, global liquid synthetic rubber market size is expected to exceed US$12 billion by 2026. Given below are some factors driving liquid synthetic rubber uses across various applications.

Applications of liquid butadiene rubber

The liquid butadiene segment is expected to hold more than 20% share in the liquid rubber industry by 2026. The substance is a viscous hydrophobic liquid that possesses higher electrical resistance and superior low-temperature flexibility.

The utilization of liquid butadiene rubber in a variety of UV ambient and heat-curable applications, owing to its excellent compatibility with different rubbers and hydrocarbons is likely to drive segment growth. It is also utilized as a reactive plasticizer and as a coagent for EPDM and thermoset PU modification.

High preference in tire manufacturing

The tire manufacturing application segment is predicted to grow at a considerable pace through 2026. The utilization of liquid synthetic rubber in tire manufacturing improves the balance and wear resistance of tires. Owing to the higher durability features, it is also used in various tire components such as bead filler, cushion, tread, rim cushion, and sidewall or carcass.

Its utilization in bead filler improves hardness, filler dispersion, and dimensional stability. Whereas, the product’s higher extrudability and abrasion resistance improve the physical characteristics of tread. As tires are an integral part of automobiles, the growing demand for vehicles is anticipated to increase the adoption of liquid synthetic rubber in tire manufacturing.

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Production of motor vehicles in Europe and the U.S.

North America liquid synthetic rubber industry is slated to grow at a CAGR of 4.5% in the forthcoming years, owing to the rising production of synthetic rubber tires in the region. A significant rise in consumer disposable income has increased vehicle sales in the region which has eventually uplifted tire manufacturing.

Europe liquid synthetic rubber industry is anticipated to hold about 24% share in the global market by 2026. Growing government emphasis to uplift domestic production of rubber and tire is likely to support regional industry expansion. This could be due to the increasing production of vehicles in the region. As per the European Automobile Manufacturer Association, nearly 25% of all passenger cars produced globally are made in Europe.

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