Nigeria Liquid Synthetic Rubber Market (2025-2031) | Share, Trends, Growth, Forecast, Competitive Landscape, Value, Outlook, Analysis, Size & Revenue, Segmentation, Companies, Industry

Market Forecast By Product (Isoprene, Butadiene, Styrene Butadiene), By Application (Tire, Industrial Rubber, Adhesive) And Competitive Landscape
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

Nigeria Liquid Synthetic Rubber Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Nigeria Liquid Synthetic Rubber Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Nigeria Liquid Synthetic Rubber Market Outlook
  • Market Size of Nigeria Liquid Synthetic Rubber Market, 2024
  • Forecast of Nigeria Liquid Synthetic Rubber Market, 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Revenues & Volume for the Period 2021- 2031
  • Nigeria Liquid Synthetic Rubber Market Trend Evolution
  • Nigeria Liquid Synthetic Rubber Market Drivers and Challenges
  • Nigeria Liquid Synthetic Rubber Price Trends
  • Nigeria Liquid Synthetic Rubber Porter's Five Forces
  • Nigeria Liquid Synthetic Rubber Industry Life Cycle
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Product for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Isoprene for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Butadiene for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Styrene Butadiene for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Tire for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Industrial Rubber for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Liquid Synthetic Rubber Market Revenues & Volume By Adhesive for the Period 2021- 2031
  • Nigeria Liquid Synthetic Rubber Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Application
  • Nigeria Liquid Synthetic Rubber Top Companies Market Share
  • Nigeria Liquid Synthetic Rubber Competitive Benchmarking By Technical and Operational Parameters
  • Nigeria Liquid Synthetic Rubber Company Profiles
  • Nigeria Liquid Synthetic Rubber Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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

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