Increase in tyre production worldwide and rise in usage across the adhesive industry drive the global liquid synthetic rubber market. Asia-Pacific held the largest share in terms of revenue, contributing to nearly three-fifths of the total share in 2019, and is estimated to maintain its highest contribution by 2027. The lockdown hindered the manufacturing activities of tyres, adhesives, and automotive parts, which in turn, reduced the liquid synthetic rubber demand.
Some ruling enterprises in the global liquid synthetic rubber market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global liquid synthetic rubber industry include Evonik Industries, H.B. Fuller, Synthomer PLC, Asahi Kasei Corporation, Kuraray Co., Ltd.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The liquid synthetic rubber market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the liquid synthetic rubber market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the liquid synthetic rubber market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The global liquid synthetic rubber market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The liquid synthetic rubber market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry. The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.
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The tyre manufacturing segment held the highest share in 2019, accounting for more than two-fifths the global liquid synthetic rubber market, and is projected to continue its dominance in terms of revenue during the forecast period. However, the adhesives segment is projected to witness the fastest CAGR of 5.0% from 2020 to 2027.
The market across Asia-Pacific, followed by Europe and North America, is estimated to register the highest CAGR of 4.8% during the forecast period. In addition, the region dominated in 2019, accounting for nearly three-fifths of the global liquid synthetic rubber market, due to rapid development of the manufacturing and construction sector across China, India, and Japan.
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