Global market insights Inc. forecasts that the liquid synthetic rubber market will have a market value of $10.54 billion in 2019 and is expected to exceed $12 billion by 2026, with a CAGR of 4.7% from 2020 to 2026. The increase in usage in many end-user industries, including construction, automotive, paint and coatings, and electronics, is the most important factor driving overall market growth.  

The construction industry further stimulated the market demand of liquid synthetic rubber. By the end of the forecast period, the liquid butadiene market will account for more than 20% of the liquid synthetic rubber market. Liquid butadiene is a hydrophobic viscous liquid with excellent electrical resistance and low temperature flexibility. The product has significant compatibility with a variety of rubber and hydrocarbon solvents, which makes it very suitable for many UV environments and heat vulcanization applications. In terms of application, the whole tire manufacturing sector is expected to achieve significant growth in the next few years. Liquid silicone rubber can enhance the balance and wear resistance of tire, so it is widely used in rim pad, bead filler, tread, sidewall or carcass.  

In addition, favorable government initiatives and investment in the automotive industry will accelerate the development of the industry. Tires, as an important part of the automotive industry, will experience the same revenue growth trajectory. By the end of the forecast period, Europe is expected to account for about 24% of the total liquid synthetic rubber market share, and North America's CAGR will exceed 4.5%.  

The main manufacturers of liquid synthetic rubber include SYNTHOMER PLC, HB Fuller, Kuraray, Asahi Kasei, Nippon soda, Efremov and Evonik. They have adopted such strategies as partnership, expansion of production, cooperation and joint venture to improve their position in the industry.