Liquid Synthetic Rubber Market Size Worth $5.02 Billion by 2025: Grand View Research, Inc.

Liquid Synthetic Rubber Market Size Worth $5.02 Billion by 2025: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, April 10, 2019

SAN FRANCISCO, April 10, 2019 /PRNewswire/ -- The global liquid synthetic rubber market size is expected to reach USD 5.02 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% during the forecast period. Growing demand for liquid isoprene, butadiene, and styrene butadiene rubber in tire manufacturing is expected to drive the growth in the forthcoming years.

Grand_View_Research_Logo

Key suggestions from the report:

Read 138 page research report with TOC on "Liquid Synthetic Rubber Market Size, Share & Trends Analysis Report By Product (Isoprene, Butadiene, Styrene Butadiene), By Application (Tire, Industrial Rubber, Adhesive), And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/liquid-synthetic-rubber-market

High cost, low abrasion resistance, limited supply leading to price volatility of natural rubber has led to the increasing demand for synthetic rubber from application industries. In addition, these rubbers have inherent advantage in terms of physical properties, which is the primary factor driving the market.

Ascending demand for the product for adhesives, sealants, and coatings applications, on account of its excellent low-temperature profile, low Volatile Organic Compounds (VOC), and high electrical resistance is expected to complement market growth. In addition, rising demand for UV curable isoprene rubber as precision adhesive for electronics is expected to propel growth of the Liquid Synthetic Rubber (LSR) market.

The growing demand for products with low VOC concentration in polymer modifications and Ethylene Propylene Diene Monomer (EPDM) compounds to improve mechanical resistance and crosslink density is expected to increase product demand. Furthermore, increasing product penetration in polymer modifications to enhance functionality and durability is expected to drive the liquid synthetic rubber market.

Regulations pertaining to tire labeling compel tire manufacturers to label tires for key parameters, such as rolling resistance and wet grip. The European Union (EU) countries along with the U.S., China, and Japan, have implemented tire labeling regulations, which has a significant impact on the product manufacturing to improve the performance of the materials.

Grand View Research has segmented the global liquid synthetic rubber market on the basis of product by application and region:

Find more research reports on Petrochemicals Industry, by Grand View Research:

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter

 

Voltar noticias em Inglês