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PORTLAND, Ore., May 26, 2021 /PRNewswire/ Allied Market Research recently published a report, titled, Liquid Synthetic Rubber Market by Product (Liquid Isoprene Rubber, Liquid Butadiene Rubber, Liquid Styrene Butadiene Rubber, and Others) and Application (Adhesives, Industrial Rubber, Tyre Manufacturing, Polymer Modification, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 . As per the report, the global liquid synthetic rubber industry was pegged at $20.3 billion in 2019, and is projected to reach $28.8 billion by 2027, growing at a CAGR of 4.5% from 2020 to 2027.
Drivers, restraints, and opportunities
Increase in use of liquid synthetic rubber across the adhesive industry and rise in tyre production across the globe have boosted the growth of the global liquid synthetic rubber market. However, fluctuating raw material prices hinder the market growth. On the contrary, surge in product penetration in industrial rubber manufacturi
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