Global Liquid Polybutadiene Lpbd Market
Market Size in USD Million
CAGR :
% 
USD
1,470.00 Million
USD
2,171.86 Million
2021
2029
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 1,470.00 Million |
 Market Size (Forecast Year) |
USD 2,171.86 Million |
 CAGR |
% |
| Major Markets Players |
|
Global Liquid Polybutadiene (LPBD) Market, By Application (Adhesives and Sealants, Rubber Compounds and Elastomers, Tire manufacturing, Electrical Insulation, Polymer/Resin Modification, Paints and Coatings, Others), End Use (Automotive, Chemical, Industrial, Housing and Construction, Electronics, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The use of plastic in the liquid polybutadiene (LPBD) industry has increased in recent years, and this trend is expected to continue in the near future. The increased use of liquid polybutadiene (LPBD) in thermosetting plastic materials, curing, and handling processes such as those used for polyester resins fuel market growth.
Global Liquid Polybutadiene (LPBD) Market was valued at USD 1470.00 million in 2021 and is expected to reach USD 2171.86 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
By Application (Adhesives and Sealants, Rubber Compounds and Elastomers, Tire manufacturing, Electrical Insulation, Polymer/Resin Modification, Paints and Coatings, Others), End Use (Automotive, Chemical, Industrial, Housing and Construction, Electronics, Others) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
|
Market Players Covered |
ARLANXEO (Netherlands), JSR Corporation (Japan), UBE Corporation (Japan), KUMHO PETROCHEMICAL.(South Korea), The Goodyear Tire & Rubber Company (U.S.), SABIC (Saudi Arabia), China Petroleum Corporation (China), Shell (U.K.), corporate.evonik (Germany), Ineos (U.K.), LANXESS (Germany), LG Chem (South Korea), LyondellBasell Industries Holdings B.V. (Netherlands), PJSC "Nizhnekamskneftekhim" (Russia), Repsol (Spain), TPC Group (U.S.), Formosa Plastics Corporation (U.S.) |
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Market Opportunities |
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Market Definition
Liquid polybutadiene is a colorless, transparent chemical molecule that is the highly reactive counterpart to solid polybutadiene. It's a common ingredient in paint and coating intermediates. Because of its hydrophobic properties, liquid polybutadiene is also in high demand in the electronics industry. It is also used to modify polymers to change the finished product's characteristics or improve its performance.
Liquid Polybutadiene (LPBD) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Utilization Across Various End Users
The ongoing demand for chemical resistance is driving the market for liquid polybutadiene (LPBD). Moreover, the growing use of liquid polybutadiene (LPBD) in thermosetting plastic materials, curing, and process handling, such as for polyester resins, is fueling the growth of the liquid polybutadiene (LPBD) market. Furthermore, the expansion of the construction industry is driving demand for the liquid-polybutadiene market, assisting in reaching a good market valuation by the end of the global forecast period.
- Various Applications in Automotive Sector
As per the liquid polybutadiene (LPBD) market report, the global usage of liquid polybutadiene in various sectors is expected to increase massively over the next few years. Treads, rims, apex, tyre manufacturing and carcasses are common applications for liquid polybutadiene rubber within the automotive sector. Therefore, with the surge in vehicle sales, the liquid polybutadiene (LPBD) market is expected to thrive during the forecast period. Electric vehicle stocks are expected to grow at a 36 percent annual rate and to sell up to 245 million vehicles by 2030. Developing countries such as India, Brazil, and China are experiencing an increase in automobile demand, which is further expected to influence the growth of the global liquid polybutadiene (LPBD) market.
Furthermore, polybutadiene's high demand can be attributed to properties such as abrasion resistance, high resilience, and cut growth resistance. Also, rising disposable incomes, a large consumer base, and increased raw material availability accelerate market growth.
Opportunities
- Surge in Adoption of Bio-Based Liquid Polybutadiene and Investments
Furthermore, the growing adoption of bio-based liquid polybutadienes extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing investments and developmental activities for liquid polybutadiene (LPBD) will further expand the future growth of the liquid polybutadiene (LPBD) market.
Restraints/Challenges
- Stringent Environmental Regulations
However, the global liquid polybutadiene (LPBD) market is governed by stringent regulations. The main reason for the imposition of these regulations is the negative impact of plastic use on the environment and the growing concerns about it.
- Volatility In Prices
The market for liquid polybutadiene (LPBD) is also largely hampered by the volatility of crude oil and raw material costs throughout the forecast period. The volatility of crude oil and raw material costs further increase the overall cost of the product. This factor pose as a major challenge for the market.
This liquid polybutadiene (LPBD) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the liquid polybutadiene (LPBD) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Liquid Polybutadiene (LPBD) Market
The recent outbreak of coronavirus had a negative impact on the liquid polybutadiene (LPBD) market. The virus's obnoxious spread is forcing production and manufacturing units to reduce their output levels. Also due to the temporary and permanent lockdown, some of them have ceased operations. However, some of them have been forced to close their services due to a lack of cash flow and raw materials, both of which are critical to the market's operation. Furthermore, meeting market demand is becoming increasingly difficult, so the target audience is looking for alternatives. The lockdown has forced people to reduce their use of vehicles, and those who had planned to do so are deferring their plans as the second wave hits the countries in a much worse way. Additionally, there is a growing emergence and volatility in commodity prices such as crude oil and other raw materials. This presents market barriers that are being removed by adopting new uses of the market's key players through its functions.
On the brighter side, the government is developing schemes, key research options, and strategies in collaboration with the market's emerging players. Furthermore, the emphasis is on the development of marketing strategies and product lines that will assist markets in recovering from losses and resuming operations in a profitable manner.
Global Liquid Polybutadiene (LPBD) Market Scope
The liquid polybutadiene (LPBD) market is segmented on the basis of application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Adhesives and Sealants
- Rubber Compounds and Elastomers
- Tire manufacturing, Electrical Insulation
- Polymer/Resin Modification
- Paints and Coatings
- Others
End Use
- Automotive
- Chemical
- Industrial
- Housing and Construction
- Electronics
- Others
Liquid Polybutadiene (LPBD) Market Regional Analysis/Insights
The liquid polybutadiene (LPBD) market is analyzed and market size insights and trends are provided by country, application and end use as referenced above.
The countries covered in the liquid polybutadiene (LPBD) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the region's rise in the downstream industry.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the presence of leading automotive manufacturers in the region. India has seen the highest demand for liquid polybutadiene among all countries in the region because of the country's growing end-use industry application.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Liquid Polybutadiene (LPBD) Market Share Analysis
The liquid polybutadiene (LPBD) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to liquid polybutadiene (LPBD) market.
Some of the major players operating in the liquid polybutadiene (LPBD) market are
- ARLANXEO (Netherlands)
- JSR Corporation (Japan)
- UBE Corporation (Japan)
- KUMHO PETROCHEMICAL (South Korea)
- The Goodyear Tire & Rubber Company (U.S.)
- SABIC (Saudi Arabia)
- China Petroleum Corporation (China)
- Shell (U.K.)
- corporate.evonik (Germany)
- Ineos (U.K.)
- LANXESS (Germany)
- LG Chem (South Korea)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- PJSC "Nizhnekamskneftekhim" (Russia)
- Repsol (Spain), TPC Group (U.S.)
- Formosa Plastics Corporation (U.S.)
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Table of Content
1. INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL LIQUID POLYBUTADIENE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2. MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL LIQUID POLYBUTADIENE MARKET SIZE
2.3 VENDOR POSITIONING GRID
2.4 MARKETS COVERED
2.5 GEOGRAPHIC SCOPE
2.6 YEARS CONSIDERED FOR THE STUDY
2.7 RESEARCH METHODOLOGY
2.8 TECHNOLOGY LIFE LINE CURVE
2.9 MULTIVARIATE MODELLING
2.10 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.11 DBMR MARKET POSITION GRID
2.12 MARKET APPLICATION COVERAGE GRID
2.13 DBMR MARKET CHALLENGE MATRIX
2.14 SECONDARY SOURCES
2.15 GLOBAL LIQUID POLYBUTADIENE MARKET: RESEARCH SNAPSHOT
2.16 ASSUMPTIONS
3. MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
5.1 RAW MATERIAL COVERAGE
5.2 PRODUCTION CONSUMPTION ANALYSIS
5.3 IMPORT EXPORT SCENARIO
5.4 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS
5.5 PORTER’S FIVE FORCES
5.6 VENDOR SELECTION CRITERIA
5.7 PESTLE ANALYSIS
5.8 REGULATION COVERAGE
5.8.1 PRODUCT CODES
5.8.2 CERTIFIED STANDARDS
5.8.3 SAFETY STANDARDS
5.8.3.1. MATERIAL HANDLING & STORAGE
5.8.3.2. TRANSPORT & PRECAUTIONS
5.8.3.3. HAZARAD IDENTIFICATION
6. PRICING ANALYSIS
7. SUPPLY CHAIN ANALYSIS
7.1 OVERVIEW
7.2 LOGISTIC COST SCENARIO
7.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS
8. CLIMATE CHANGE SCENARIO
8.1 ENVIRONMENTAL CONCERNS
8.2 INDUSTRY RESPONSE
8.3 GOVERNMENT’S ROLE
8.4 ANALYST RECOMMENDATIONS
9. GLOBAL LIQUID POLYBUTADIENE MARKET, BY APPLICATION, 2022-2031, (USD MILLION) (KILO TONS)
9.1 OVERVIEW
9.2 TIRE MANUFACTURING
9.3 INDUSTRIAL RUBBER
9.3.1 INDUSTRIAL RUBBER, BY CATEGORY
9.3.1.1. HOSES
9.3.1.2. SEALS
9.3.1.3. CABLES
9.3.1.4. OTHERS
9.4 PRINTING PLATES
9.5 COATINGS
9.6 ADHESIVES & SEALANTS
9.7 ELECTRICAL ENCAPSULANTS
9.8 POLYMER/RESIN MODIFICATION
9.9 OTHERS
10. GLOBAL LIQUID POLYBUTADIENE MARKET, BY END-USE, 2022-2031, (USD MILLION)
10.1 OVERVIEW
10.2 AUTOMOTIVE
10.2.1 AUTOMOTIVE, BY CATEGORY
10.2.1.1. PASSENGER VEHICLES
10.2.1.2. TRUCKS/BUSES
10.2.1.3. TWO-WHEELED VEHICLES
10.2.1.4. BICYCLES
10.2.1.5. OTHERS
10.3 AEROSPACE & DEFENSE
10.3.1 AEROSPACE & DEFENSE, BY CATEGORY
10.3.1.1. COMMERCIAL AIRCRAFT
10.3.1.2. BUSINESS AIRCRAFT
10.3.1.3. MILITARY AIRCRAFT
10.3.1.4. OTHERS
10.4 MARINE
10.4.1 MARINE, BY CATEGORY
10.4.1.1. CARGO SHIPS
10.4.1.2. PASSENGER SHIPS
10.4.1.3. BOATS AND YACHT
10.4.1.4. FPSO
10.4.1.5. OTHERS
10.5 CHEMICALS
10.6 ELECTRICALS & ELECTRONICS
10.6.1 ELECTRICALS & ELECTRONICS, BY CATEGORY
10.6.1.1. CONSUMER ELECTRONICS
10.6.1.2. INDUSTRIAL ELECTRONICS
10.7 CONSTRUCTION
10.7.1 CONSTRUCTION, BY CATEGORY
10.7.1.1. RESIDENTIAL
10.7.1.2. COMMERCIAL
10.7.1.3. INFRASTRUCTURE
10.8 OTHERS
11. GLOBAL LIQUID POLYBUTADIENE MARKET, BY GEOGRAPHY, 2022-2031, (USD MILLION) (KILO TONS)
GLOBAL LIQUID POLYBUTADIENE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
11.1 NORTH AMERICA
11.1.1 U.S.
11.1.2 CANADA
11.1.3 MEXICO
11.2 EUROPE
11.2.1 GERMANY
11.2.2 U.K.
11.2.3 ITALY
11.2.4 FRANCE
11.2.5 SPAIN
11.2.6 RUSSIA
11.2.7 SWITZERLAND
11.2.8 TURKEY
11.2.9 BELGIUM
11.2.10 NETHERLANDS
11.2.11 REST OF EUROPE
11.3 ASIA-PACIFIC
11.3.1 JAPAN
11.3.2 CHINA
11.3.3 SOUTH KOREA
11.3.4 INDIA
11.3.5 SINGAPORE
11.3.6 THAILAND
11.3.7 INDONESIA
11.3.8 MALAYSIA
11.3.9 PHILIPPINES
11.3.10 AUSTRALIA & NEW ZEALAND
11.3.11 REST OF ASIA-PACIFIC
11.4 SOUTH AMERICA
11.4.1 BRAZIL
11.4.2 ARGENTINA
11.4.3 REST OF SOUTH AMERICA
11.5 MIDDLE EAST AND AFRICA
11.5.1 SOUTH AFRICA
11.5.2 EGYPT
11.5.3 SAUDI ARABIA
11.5.4 UNITED ARAB EMIRATES
11.5.5 ISRAEL
11.5.6 REST OF MIDDLE EAST AND AFRICA
12. GLOBAL LIQUID POLYBUTADIENE MARKET, COMPANY LANDSCAPE
12.1 COMPANY SHARE ANALYSIS: GLOBAL
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
12.3 COMPANY SHARE ANALYSIS: EUROPE
12.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
12.5 MERGERS AND ACQUISITIONS
12.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
12.7 EXPANSIONS
12.8 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
13. SWOT AND DATA BRIDGE MARKET RESEARCH ANALYSIS
14. GLOBAL LIQUID POLYBUTADIENE MARKET - COMPANY PROFILES
14.1 EVONIK INDUSTRIES AG
14.1.1 COMPANY SNAPSHOT
14.1.2 REVENUE ANALYSIS
14.1.3 PRODUCT PORTFOLIO
14.1.4 RECENT UPDATES
14.2 KURARAY CO., LTD.
14.2.1 COMPANY SNAPSHOT
14.2.2 REVENUE ANALYSIS
14.2.3 PRODUCT PORTFOLIO
14.2.4 RECENT UPDATES
14.3 SYNTHOMER PLC
14.3.1 COMPANY SNAPSHOT
14.3.2 REVENUE ANALYSIS
14.3.3 PRODUCT PORTFOLIO
14.3.4 RECENT UPDATES
14.4 NIPPON SODA CO., LTD.
14.4.1 COMPANY SNAPSHOT
14.4.2 REVENUE ANALYSIS
14.4.3 PRODUCT PORTFOLIO
14.4.4 RECENT UPDATES
14.5 IDEMITSU KOSAN CO.,LTD.
14.5.1 COMPANY SNAPSHOT
14.5.2 REVENUE ANALYSIS
14.5.3 PRODUCT PORTFOLIO
14.5.4 RECENT UPDATES
14.6 CRAY VALLEY (TOTALENERGIES)
14.6.1 COMPANY SNAPSHOT
14.6.2 REVENUE ANALYSIS
14.6.3 PRODUCT PORTFOLIO
14.6.4 RECENT UPDATES
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
15. RELATED REPORTS
16. QUESTIONNAIRE
17. CONCLUSION
18. ABOUT DATA BRIDGE MARKET RESEARCH
Global Liquid Polybutadiene Lpbd Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Liquid Polybutadiene Lpbd Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Liquid Polybutadiene Lpbd Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
