| Product Code: ETC8628320 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to see significant imports of liquid synthetic rubber, with top exporters being China, Egypt, Pakistan, UK, and Ethiopia. Despite the high concentration of market share indicated by the Herfindahl-Hirschman Index (HHI), the industry experienced a drastic decline in compound annual growth rate (CAGR) from 2020-24 at -27.34%. However, there was a notable recovery in growth from 2023-24, with a growth rate of 31.52%. This suggests potential opportunities for the liquid synthetic rubber market in Nigeria to rebound and attract more diverse sources of supply in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Liquid Synthetic Rubber Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Liquid Synthetic Rubber Market - Industry Life Cycle |
3.4 Nigeria Liquid Synthetic Rubber Market - Porter's Five Forces |
3.5 Nigeria Liquid Synthetic Rubber Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Nigeria Liquid Synthetic Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Liquid Synthetic Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from the automotive industry for the production of tires and other rubber products. |
4.2.2 Growth in the construction sector leading to higher consumption of liquid synthetic rubber for sealants and adhesives. |
4.2.3 Government initiatives to promote manufacturing industries and infrastructure development. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production costs of liquid synthetic rubber. |
4.3.2 Competition from natural rubber alternatives affecting market penetration. |
4.3.3 Environmental regulations and sustainability concerns leading to challenges in production processes. |
5 Nigeria Liquid Synthetic Rubber Market Trends |
6 Nigeria Liquid Synthetic Rubber Market, By Types |
6.1 Nigeria Liquid Synthetic Rubber Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, By Isoprene, 2021- 2031F |
6.1.4 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, By Butadiene, 2021- 2031F |
6.1.5 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, By Styrene Butadiene, 2021- 2031F |
6.2 Nigeria Liquid Synthetic Rubber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, By Tire, 2021- 2031F |
6.2.3 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, By Industrial Rubber, 2021- 2031F |
6.2.4 Nigeria Liquid Synthetic Rubber Market Revenues & Volume, By Adhesive, 2021- 2031F |
7 Nigeria Liquid Synthetic Rubber Market Import-Export Trade Statistics |
7.1 Nigeria Liquid Synthetic Rubber Market Export to Major Countries |
7.2 Nigeria Liquid Synthetic Rubber Market Imports from Major Countries |
8 Nigeria Liquid Synthetic Rubber Market Key Performance Indicators |
8.1 Capacity utilization rate of liquid synthetic rubber manufacturing plants. |
8.2 Research and development investments in new product development and innovation. |
8.3 Adoption rate of liquid synthetic rubber in emerging applications such as electronics and healthcare industries. |
9 Nigeria Liquid Synthetic Rubber Market - Opportunity Assessment |
9.1 Nigeria Liquid Synthetic Rubber Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Nigeria Liquid Synthetic Rubber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Liquid Synthetic Rubber Market - Competitive Landscape |
10.1 Nigeria Liquid Synthetic Rubber Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Liquid Synthetic Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |