Liquid Synthetic Rubber Market Report 2024

This Liquid Synthetic Rubber market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The liquid synthetic rubber market size has grown strongly in recent years. It will grow from $17.82 billion in 2023 to $18.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth during the historical period can be attributed to the expansion of the automotive sector, rapid industrialization, stricter environmental regulations, variations in natural rubber supply, and rising construction activities.

The liquid synthetic rubber market size is expected to see strong growth in the next few years. It will grow to $23.76 billion in 2028 at a compound annual growth rate (CAGR) of 6%. Growth in the forecast period can be attributed to the increasing use of flexible packaging materials, a rising demand for machinery and equipment components, applications in aerospace components, a focus on environmentally friendly materials, and growing interest in sustainable and recyclable materials. Key trends during this period include expansion in medical applications, technological advancements, development of eco-friendly liquid synthetic rubber, growth in online retail, and an increased emphasis on lightweight materials.

The growth of the automobile sector is anticipated to drive the expansion of the liquid synthetic rubber market. The automobile sector encompasses the design, development, manufacture, marketing, and sale of motor vehicles, including cars, trucks, and motorcycles. This sector's growth is driven by increasing consumer demand, technological advancements, economic development, urbanization, and supportive government policies. Liquid synthetic rubber enhances the durability, performance, and safety of automotive components such as tires, seals, and hoses, thereby improving overall vehicle reliability and driving experience. For example, in May 2024, the European Automobile Manufacturers Association, a Belgium-based group representing the European Union automobile industry, reported a 13.7% increase in new car registrations in the EU from April 2023 to April 2024. Consequently, the growth of the automobile sector is expected to positively impact the liquid synthetic rubber market.

Leading companies in the liquid synthetic rubber market are increasingly forming strategic partnerships to reduce harmful volatile organic compound (VOC) emissions and broaden applications in coatings. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefit. For instance, in February 2024, Lion Elastomers, a U.S.-based manufacturer of elastomeric polymers, collaborated with Emulco NV, a Belgium-based company specializing in emulsion products, to develop and launch a new line of eco-friendly emulsion products branded as Aquapol. These products are designed to minimize VOC emissions and offer improved performance and durability for applications such as roofing and anti-corrosion coatings. The emulsions cure at ambient temperatures using various technologies, enhancing their applicability across multiple industries.

In May 2023, the BORFLEX Group, a France-based manufacturer specializing in elastomer parts and composite materials, acquired the BOBET Group for an undisclosed amount. This acquisition highlights BORFLEX's dedication to broadening its product offerings and strengthening its position in the international rubber market. BOBET is a France-based company that focuses on the design and production of fabrics coated with natural or synthetic elastomers (synthetic rubber).

Major companies operating in the liquid synthetic rubber market are Dow Inc., SABIC, LG Chem, Asahi Kasei Corporation, Chevron Phillips Chemical Company, Wacker Chemie AG, Sibur International GmbH, Versalis S.p.A., Kuraray Co. Ltd., UBE Corporation, H.B. Fuller, Synthomer plc, JSR Corporation, Nizhnekamskneftekhim, Zeon Corporation, Hexpol AB, Kraton Corporation, ARLANXEO, Nippon Soda Co. Ltd., TSRC Corporation, Evonik Industries AG, Tokyo Zairyo Co. Ltd., Lion Elastomers, Cariflex Pte. Ltd.

Asia-Pacific was the largest region in the liquid synthetic rubber market in 2023. The regions covered in the liquid synthetic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the liquid synthetic rubber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Liquid synthetic rubber is an artificial polymer that remains in a liquid or semi-liquid state at room temperature. It is designed to replicate the properties of natural rubber while offering added benefits, such as enhanced chemical resistance, increased flexibility, and customization for a range of industrial uses.

The main types of liquid synthetic rubber include liquid isoprene, liquid butadiene, liquid styrene butadiene, and others. Liquid isoprene is a colorless liquid used as a monomer in synthetic rubber production and as a chemical intermediate in the manufacturing of various polymers and resins. These products are distributed through both online and offline channels for applications such as adhesives, industrial rubber manufacturing, tire production, polymer modification, and more.

The liquid synthetic rubber market research report is one of a series of new reports that provides liquid synthetic rubber market statistics, including liquid synthetic rubber industry global market size, regional shares, competitors with a liquid synthetic rubber market share, detailed liquid synthetic rubber market segments, market trends and opportunities, and any further data you may need to thrive in the liquid synthetic rubber industry. This liquid synthetic rubber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The liquid synthetic rubber market consists of sales of liquid polybutadiene, liquid polyisoprene rubber, liquid ethylene propylene diene monomer (EPDM) rubber, and liquid silicone rubber. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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