The olefin metathesis reaction has
showed promising application
in rubber chemistry and industry in the last decades for the production
of specialty rubbers (polyene rubbers, low-molecular-weight telechelic
oligomers, hydrogenated diene-based rubbers, liquid rubbers, and other
functional rubbers) and characterization and recycling of rubber products
(waste tires or others) via ring-opening metathesis polymerization
(ROMP) or the cross-metathesis (CM) degradation technique. Here, recent
advances in both molecular modeling and experimental investigations
of the olefin metathesis reaction in rubber chemistry and industry
are reviewed, and the challenges of future applications are also prospected.