Global market insight recently estimated that the liquid synthetic rubber market will be worth $10.54 billion in 2019 and expects to be worth more than $12 billion by 2026, a compound annual growth rate of 4.7% from 2020 to 2026. The growth of the overall market has been driven by increased usage in a wide range of end-user industries, including construction, automotive, paint and coatings, and electronic products.
The increasing use of different adhesives and sealants in the construction industry will further stimulate demand for 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 resistance and low temperature flexibility. It is compatible with many kinds of rubber and hydrocarbon solvents. It can also be used as EPDM, reactive plasticizer and thermosetting Pu modifier.
In terms of applications, the entire field of Tyre manufacturing is expected to grow significantly in the coming years. Liquid silicone rubber can enhance tire balance and wear resistance, can be widely used in the Rim pad, Bead Filler, tread, sidewall or carcass. As tyres are an important part of the car industry, they will experience the same trajectory of revenue growth. By the end of the forecast period, Europe is expected to account for about 24 percent of the total liquid synthetic rubber market share and North America's compound annual growth rate will exceed 4.5 percent.
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