Polybutadiene is a synthetic rubber that is widely used in various industries due to its excellent mechanical properties, including high elasticity, low hysteresis loss, and resistance to abrasion, impact, and tearing. The polybutadiene industry produces this polymer in various forms, including high-cis, high-trans, and low-cis polybutadiene, to meet different application requirements.
The polybutadiene market size is expected to grow from USD 10.8 billion in 2019 to USD 13.8 billion by 2024, at a CAGR of 5.1% during the forecast period. The report gives significant data and analysis on different major factors such as challenges, drivers, growth avenues, threats, and restraints with expert review data.
The scope of the polybutadiene industry in 2023 is expected to be significant, with a projected market size of around USD 10.5 billion. This growth is driven by increasing demand from the tire industry, which accounts for more than half of the total polybutadiene consumption globally. With the increasing demand for fuel-efficient vehicles, the demand for high-performance tires with low rolling resistance is also increasing, which is driving the demand for polybutadiene.
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In addition to the tire industry, polybutadiene is also used in the production of various other products, including adhesives, sealants, coatings, and industrial rubber products. The demand for these products is expected to grow in the coming years, driven by increasing construction activities, infrastructure development, and industrialization.
Geographically, Asia-Pacific is expected to be the largest market for polybutadiene in 2023, driven by the presence of large tire manufacturers and increasing demand from the construction and automotive industries in countries like China and India. North America and Europe are also expected to have significant demand for polybutadiene, driven by the growth of the automotive and construction industries in these regions.
Polybutadiene Market Key Players
ARALNXEO (Netherlands), UBE Industries Ltd (Japan), JSR Corporation (Japan), Kumho Petrochemical Co. Ltd (South Korea), Reliance Industries Ltd. (India), SABIC (Saudi Arabia), LG Chem Ltd (South Korea), Versalis SPA (Italy), PJSC SIBUR Holdings (Russia), Sinopec (China), and Kuraray Co. Ltd (Japan) are some of the major manufacturers of the polybutadiene market.
The solid polybutadiene segment is projected to account for the largest market share during the forecast period
Solid polybutadiene is a type of polybutadiene that has a high molecular weight and is in a solid form at room temperature. This type of polybutadiene is widely used in the tire industry to improve the mechanical properties of tires, such as wet traction, rolling resistance, and wear resistance.
The solid polybutadiene segment is projected to account for the largest market share in the polybutadiene market. This is due to the increasing demand for high-performance tires, especially in developing countries, where the automotive industry is growing rapidly. Additionally, solid polybutadiene is also used in other industries, such as adhesives, coatings, and industrial rubber products, which further increases its demand.
it is important to note that the market projections may change due to various factors such as changes in economic conditions, technological advancements, and regulatory policies. Therefore, it is crucial to continuously monitor the market trends and adjust business strategies accordingly.
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High cis segment of solid polybutadiene is expected to grow at the highest CAGR in the polybutadiene market during the forecast period
High cis solid polybutadiene has a higher cis-1,4 content, which makes it more elastic and suitable for high-performance tires that require good grip, low rolling resistance, and high wear resistance. With the increasing demand for high-performance tires, the demand for high cis solid polybutadiene is also expected to increase.
In addition to its use in the tire industry, high cis solid polybutadiene is also used in other industries, such as adhesives, coatings, and industrial rubber products, where it provides good mechanical properties and resistance to heat and chemicals. This further increases the demand for high cis solid polybutadiene and is expected to contribute to its growth in the polybutadiene market. It is important to note that the market projections may change due to various factors such as changes in economic conditions, technological advancements, and regulatory policies. Therefore, it is crucial to continuously monitor the market trends and adjust business strategies accordingly.
APAC is expected to hold the largest market size in the global polybutadiene market during the forecast period
Asia-Pacific (APAC) is expected to hold the largest market size in the global polybutadiene market during the forecast period. This is due to the presence of large tire manufacturers in countries such as China, Japan, and India, which are the major consumers of polybutadiene for the production of tires.
Furthermore, the growth of the automotive industry in the region, driven by the increasing demand for passenger and commercial vehicles, is also expected to contribute to the growth of the polybutadiene market in APAC. The construction industry in the region is also expected to witness significant growth, which would drive the demand for polybutadiene in the production of various industrial rubber products.
Additionally, the increasing focus on sustainability and reducing carbon emissions is expected to drive the demand for fuel-efficient tires, which would increase the demand for polybutadiene in the region.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the liquid polybutadiene market include Evonik Industries AG, Idemitsu Kosan Co. Ltd., JSR Corp., Kuraray Co. Ltd., LANXESS AG, Mitsubishi Corp., Nippon Soda Co. Ltd., Synthomer Plc, Total SA, and Versalis Spa.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Liquid Polybutadiene Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/liquid-polybutadiene-market/download-sampleMarket DynamicsThe global liquid polybutadiene market is projected to emerge with its increasing use for coating formulation, rubber manufacturing, adhesives & sealants, and polymer modification.
Liquid polybutadiene offers many fundamental properties and can contribute to exceptional performance benefits in various applications when incorporated into end formulations.
However, fluctuating raw material price and limited research on liquid polybutadiene are hindering the market growth.
""The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
The global Polybutadiene Market size is expected to value at USD 5.83 billion by 2025.
The market is subject to witness a substantial growth due to the increasing demand for synthetic rubber in automotive industry for tire manufacturing.
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.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/polybutadiene-market/request-sample Increase in the number of automotive and construction manufactures have completely incorporated petrochemical companies that are a present across the entire supply chain.
Petrochemical industries produce raw materials required for various industrial application, while monomers of theses raw material are used in production of polybutadiene.
