According to the research report titled ‘Liquid Synthetic Rubber Market By Product, By Application, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global liquid synthetic rubber market is expected to register significant growth during 2020-2026.
 

Rising adoption of liquid isoprene and liquid butadiene in adhesives, sealants & coatings and tire manufacturing applications is a prime factor driving the growth of global liquid synthetic rubber market.
 

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For those uninitiated, synthetic rubber is widely used in applications which involve extreme temperatures since they offer exceptional heat resistance and heat-aging properties. The product is widely used for various purposes such as rubber seals & tubing, extruded rubber products, rubber gaskets, and molded rubber products, thereby stimulating worldwide liquid synthetic rubber industry outlook.
 

Increasing utilization of liquid synthetic rubber for mounting & blocks, conveyor belts, linings, expansion joints, bins, noise reduction products, gaskets, ducting, damaged rubber, fixtures, moldings, rollers, and casting owing to high wear & tear resistant nature is further aiding the market expansion.
 

Mounting production of tires across the globe is also favoring the overall market outlook. However, strict regulatory scenario and fluctuating prices of raw materials may hamper the revenue generation of worldwide liquid synthetic rubber market in the upcoming years.
 

Speaking of applications, the report cites that global liquid synthetic rubber market from polymer modification segment is predicted to expand with a CAGR of 2.5% through 2026. Increasing R&D expenditure and rising material experimentation activities are fueling the segmental share.
 

Meanwhile, the others application segment is slated to register a 3.1% CAGR during 2020-2026.
 

Considering the regional landscape, Latin America liquid synthetic rubber industry is expected to grow with a CAGGR of 3% between 2020 and 2026, with Mexico being the major revenue generator. Improving educational system and easy availability of trained engineers have resulted in rapid expansion of automotive sector in the region. Thus, proliferating automotive sales and focus among major players towards establishing operations, especially in Mexico, are facilitating the business scenario in Latin America.
 

On the other hand, liquid synthetic rubber market in Middle East & Africa is reckoned to witness a y-o-y growth rate of 2.5% between 2020 and 2026.
 

The major competitors in global liquid synthetic rubber market are SIBUR International GmbH, Nippon Soda Co. Ltd., ARLANXEO Holding B.V., Efremov Synthetic Rubber Enterprise, Kuraray Co. Ltd., Asahi Kasei Corporation, Synthomer plc, H.B. Fuller Co., and Evonik Industries AG among others.