Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.5 Billion | USD 6.8 Billion | 4.5% | 2021 |
FrequentlyAsked Questions
The major factors driving the market growth of the liquid synthetic rubber market are increasing demand in the tire and industrial rubber manufacturing. Furthermore, the increased demand for products with low volatile organic compound concentrations is driving market expansion.
According to the report, the global liquid synthetic rubber market size was worth around USD 4.5 billion in 2021 and is predicted to grow to around USD 6.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2022 and 2030.
The global liquid synthetic rubber market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the increasing automotive sector.
The global liquid synthetic rubber market is dominated by players like Kuraray Co., TER HELL & Co. GmbH, Synthomer plc, Nippon Soda Co., Ltd., Asahi Kasei, Evonik Industries AG, Efremov Synthetic Rubber, Kumho Petrochemical Co., Ltd, Royal Adhesives & Sealants, Puyang Linshi Chemical New Material Co., Ltd. among others.
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