Global Liquid Synthetic Rubber Market Size Study, by Product (Isoprene, Polybutadiene, SBR, and Others), by Application (Adhesive, IRM, Tires, Polymer Modification, and Others), and Regional Forecasts 2022-2032

Description

The Global Liquid Synthetic Rubber Market was valued at approximately USD 10.6 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 3.90% from 2024 to 2032. Liquid synthetic rubber, a crucial component in automotive, adhesives, tire manufacturing, and industrial applications, has been gaining substantial traction due to its enhanced performance, durability, and versatility. Its superior elasticity, abrasion resistance, and ability to improve mechanical properties make it indispensable in tire production, polymer modification, and pressure-sensitive adhesives. The growing emphasis on high-performance, lightweight materials in the automotive sector, combined with rapid advancements in elastomer-based formulations, has fueled market growth significantly.

The increasing demand for fuel-efficient and high-durability tires has intensified the adoption of liquid synthetic rubber in tire manufacturing. Additionally, expanding construction activities and industrial applications have accelerated its usage in adhesives, waterproofing solutions, and polymer modification. Market players are actively investing in research and development (R&D) initiatives to formulate eco-friendly, low-VOC, and sustainable alternatives, aligning with stringent environmental regulations and the global push toward green materials. However, volatile raw material prices, fluctuating crude oil costs, and regulatory constraints associated with synthetic rubber production pose potential challenges to market expansion. Despite these hurdles, innovations in bio-based synthetic rubbers and advancements in process optimization techniques are expected to unlock lucrative opportunities for industry players.

Geographically, Asia-Pacific dominated the Liquid Synthetic Rubber Market in 2023, driven by high tire production volumes, increasing demand for adhesives in construction, and robust industrial growth in China, India, and Japan. The region is expected to witness the fastest growth over the forecast period due to rising infrastructure development, expanding automotive manufacturing, and the rapid adoption of advanced polymer technologies. Meanwhile, Europe remains a key market, backed by stringent environmental regulations, increasing demand for high-performance materials, and the growing push for sustainable synthetic rubber formulations. North America also holds a substantial share, with leading automotive and industrial players integrating liquid synthetic rubber-based solutions for enhanced product performance and efficiency. In contrast, Latin America and the Middle East & Africa are emerging markets, witnessing rising demand across construction, adhesives, and polymer-modification applications.

Major Market Players Included in This Report Are:

The Goodyear Tire & Rubber Company
ExxonMobil Corporation
Kraton Corporation
Evonik Industries AG
SIBUR Holding PJSC
JSR Corporation
LG Chem Ltd.
Sinopec Corp.
Kumho Petrochemical Co., Ltd.
Versalis S.p.A.
Nizhnekamskneftekhim PJSC
ZEON Corporation
Arlanxeo Holding B.V.
LANXESS AG
Reliance Industries Limited

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Product:

Isoprene
Polybutadiene
SBR (Styrene-Butadiene Rubber)
Others

By Application:

Adhesive
IRM (Industrial Rubber Manufacturing)
Tires
Polymer Modification
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study Are as Follows:

Historical Year - 2022, 2023
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecasts for 10 years from 2022 to 2032.
Annualized revenue and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level assessments.
Insights into the competitive landscape, including major players' business strategies.
Evaluation of emerging market trends, technological advancements, and regulatory impacts.
Comprehensive industry structure analysis, including supply chain and demand trends.
Impact assessment of sustainability initiatives and the rise of eco-friendly alternatives.

Chapter 1. Global Liquid Synthetic Rubber Market Executive Summary

1.1. Global Liquid Synthetic Rubber Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Product}
- 1.3.2. {By Application}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Liquid Synthetic Rubber Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Liquid Synthetic Rubber Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing demand for high-performance, fuel-efficient tires and lightweight materials
- 3.1.2. Increased adoption of advanced elastomer-based formulations in automotive and industrial applications
- 3.1.3. Expanding use of synthetic rubbers in adhesives, polymer modification, and pressure-sensitive applications
3.2. Market Challenges
- 3.2.1. Volatile raw material prices and fluctuating crude oil costs
- 3.2.2. Regulatory constraints and environmental compliance challenges
3.3. Market Opportunities
- 3.3.1. Innovations in bio-based synthetic rubbers and sustainable formulations
- 3.3.2. Process optimization techniques driving cost efficiencies
- 3.3.3. Expansion into emerging markets with growing automotive and industrial sectors

Chapter 4. Global Liquid Synthetic Rubber Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Liquid Synthetic Rubber Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Liquid Synthetic Rubber Market: {Product} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Isoprene
- 5.2.2. Polybutadiene
- 5.2.3. SBR (Styrene-Butadiene Rubber)
- 5.2.4. Others

Chapter 6. Global Liquid Synthetic Rubber Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Liquid Synthetic Rubber Market: {Application} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Adhesive
- 6.2.2. IRM (Industrial Rubber Manufacturing)
- 6.2.3. Tires
- 6.2.4. Polymer Modification
- 6.2.5. Others

Chapter 7. Global Liquid Synthetic Rubber Market Size & Forecasts by Region 2022-2032

7.1. North America Liquid Synthetic Rubber Market
- 7.1.1. U.S. Liquid Synthetic Rubber Market
  - 7.1.1.1. {Product} breakdown size & forecasts, 2022-2032
  - 7.1.1.2. {Application} breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Liquid Synthetic Rubber Market
7.2. Europe Liquid Synthetic Rubber Market
- 7.2.1. U.K. Liquid Synthetic Rubber Market
- 7.2.2. Germany Liquid Synthetic Rubber Market
- 7.2.3. France Liquid Synthetic Rubber Market
- 7.2.4. Spain Liquid Synthetic Rubber Market
- 7.2.5. Italy Liquid Synthetic Rubber Market
- 7.2.6. Rest of Europe Liquid Synthetic Rubber Market
7.3. Asia-Pacific Liquid Synthetic Rubber Market
- 7.3.1. China Liquid Synthetic Rubber Market
- 7.3.2. India Liquid Synthetic Rubber Market
- 7.3.3. Japan Liquid Synthetic Rubber Market
- 7.3.4. Australia Liquid Synthetic Rubber Market
- 7.3.5. South Korea Liquid Synthetic Rubber Market
- 7.3.6. Rest of Asia-Pacific Liquid Synthetic Rubber Market
7.4. Latin America Liquid Synthetic Rubber Market
- 7.4.1. Brazil Liquid Synthetic Rubber Market
- 7.4.2. Mexico Liquid Synthetic Rubber Market
- 7.4.3. Rest of Latin America Liquid Synthetic Rubber Market
7.5. Middle East & Africa Liquid Synthetic Rubber Market
- 7.5.1. Saudi Arabia Liquid Synthetic Rubber Market
- 7.5.2. South Africa Liquid Synthetic Rubber Market
- 7.5.3. Rest of Middle East & Africa Liquid Synthetic Rubber Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. The Goodyear Tire & Rubber Company
- 8.1.2. ExxonMobil Corporation
- 8.1.3. Kraton Corporation
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. The Goodyear Tire & Rubber Company
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. ExxonMobil Corporation
- 8.3.3. Kraton Corporation
- 8.3.4. Evonik Industries AG
- 8.3.5. SIBUR Holding PJSC
- 8.3.6. JSR Corporation
- 8.3.7. LG Chem Ltd.
- 8.3.8. Sinopec Corp.
- 8.3.9. Kumho Petrochemical Co., Ltd.
- 8.3.10. Versalis S.p.A.
- 8.3.11. Nizhnekamskneftekhim PJSC
- 8.3.12. ZEON Corporation
- 8.3.13. Arlanxeo Holding B.V.
- 8.3.14. LANXESS AG
- 8.3.15. Reliance Industries Limited

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes