New York, NY 04 Mar 2021: The global polybutadiene market size is estimated to reach USD 7.83 billion by 2026 growing at a CAGR of 5.9% during the forecast period, according to a new report by Polaris Market Research. The report “Polybutadiene Market Share, Size, Trends, Industry Analysis Report By Type (Solid Polybutadiene Rubber, Liquid Polybutadiene Rubber); By End-User (Automotive, Chemical, Industrial, Others); By Regions, Segments & Forecast, 2019 – 2026” enumerates current industry estimates and taps future growth markets.
In 2018, the automotive sector dominated the global industry in terms of revenue. Asia Pacific is expected to be the foremost contributor to the global polybutadiene market during the forecast period. A significant growth in the automotive industry along with escalating production of motor vehicles is expected to spur the market. Other driving factors include accelerated pace of industrialization, ramping up of vehicles and industrial mechanization.
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An increasing demand for synthetic rubber to be used in tire manufacture is cause for high growth. Polymer modification application shows resolute growth in polybutadiene market because of the intrinsic demand for modified polymer and golf balls.
Asia Pacific witnessed rising growth by generating the highest revenue and is expected to lead during forecast period. The economic boom in the region coupled with maximum growth in automotive industries and growing living standards are expected to drive market growth. A pushing demand for production of tires and industrial automation are expected to boost growth in the region during forecast period.
Hence a robust application industry is mainstay for growth in Asia Pacific, The presence of industries such as JSR Corporation and Reliance Industries is fueling t growth in the region.
North America overshot growth estimates in 2016 due to presence of major tire manufacturers including Goodyear, Copper Tires and Proline. MEA is expected to observe insipid growth on account of price volatility because of reduced crude oil production.
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The leading players include China Petroleum and Chemical Corporation, JSR Corporation, Reliance Industries Ltd., Lanxess AG, Kumho Petrochemical Co. Ltd, The Goodyear Tire and Rubber Company, UBE Industries Ltd., Synthos S.A, Evonik Industries and LyondelBasell Industries NV among others.
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The global Polybutadiene Market size is expected to value at USD 5.83 billion by 2025.
Some of the important properties of polybutadiene such as high abrasion resistance and high green strength makes it ideal choice for manufacturing of tires.
Other application of the polybutadiene includes golf balls and children’s toys.
These factors are responsible of the growth of polybutadiene industry, in the recent years.
The increasing demand for operational polybutadienes that are largely utilized in the manufacturing of automobile and construction adhesives are predicted to boost market growth over the forecast period.Increase in the number of automotive and construction manufactures have completely incorporated petrochemical companies that are a present across the entire supply chain.
However, fluctuations in the cost of butadiene due to ever-changing cost of crude oil prices coupled with economic instability across the world are predicted to hamper the growth of polybutadiene industry, during this period; thereby affecting demand of the polybutadiene worldwide.Additionally, numerous governmental initiatives and regulation regarding environmental hazards of waste materials during the production of polybutadiene is negatively hampering the market growth.
New York, NY 16 Feb 2021: The global polybutadiene market size is estimated to reach USD 7.83 billion by 2026 growing at a CAGR of 5.9% during the forecast period, according to a new report by Polaris Market Research.
The report “Polybutadiene Market Share, Size, Trends, Industry Analysis Report By Type (Solid Polybutadiene Rubber, Liquid Polybutadiene Rubber); By End-User (Automotive, Chemical, Industrial, Others); By Regions, Segments & Forecast, 2019 – 2026” enumerates current industry estimates and taps future growth markets.
In 2018, the automotive sector dominated the global industry in terms of revenue.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/polybutadiene-market/request-for-sample An increasing demand for synthetic rubber to be used in tire manufacture is cause for high growth.
Polymer modification application shows resolute growth in polybutadiene market because of the intrinsic demand for modified polymer and golf balls.
Asia Pacific witnessed rising growth by generating the highest revenue and is expected to lead during forecast period.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The Business Research Company’s Polybutadiene Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.The Business Research Company published its Polybutadiene Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global polybutadiene market.
The report covers the polybutadiene market’s segments- solid polybutadiene, liquid polybutadiene, automotive, chemical, industrial, and others.Read Full Report @ https://www.thebusinessresearchcompany.com/report/polybutadiene-global-market-reportPolybutadiene Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Place A Sample Request of This Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2702=smpNeodymium polybutadiene (ND-PBR) rubber production is an emerging trend in the polybutadiene rubber market.
Neodymium is a catalyzed synthetic polybutadiene, which has high elasticity and is resistant to dynamic stress on both high and low temperatures.
It is majorly used in the manufacturing of tires, conveyor belts, golf balls, footwear and others industry.
