Global Polybutadiene Market, By Type (Solid Polybutadiene Rubber, Liquid Polybutadiene Rubber), Application (Tiers, Polymer Modification, Industrial Rubber Manufacturing, Chemicals, Others), Country (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 the Middle East and Africa) Industry Trends and Forecast to 2028.
The polybutadiene market is expected to witness market growth at a rate of 5.7% in the forecast period of 2021 to 2028 and is expected to reach USD 17.2 billion by 2028. Data Bridge Market Research report on polybutadiene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand from various end users is escalating the growth of polybutadiene market.
Polybutadiene is known to be a synthetic rubber which is generally formed by the polymerization of the monomer 1, 3- butadiene. They are broadly utilized in the manufacturing of tires as they have high resistance to wear.
Major factors that are expected to boost the growth of the polybutadiene market in the forecast period are the rise in the tire and synthetic rubber industry. Furthermore, the rise in the trend of low rolling resistance and enhanced performance tires is further anticipated to propel the growth of the polybutadiene market. Moreover, the rise in the trend of industrial rubber good is further estimated to cushion the growth of the polybutadiene market. On the other hand, the strict environmental regulations are further projected to impede the growth of the polybutadiene market.
In addition, increase in the urbanization will further provide potential opportunities for the growth of the polybutadiene market in the coming years. However, the variations in raw material prices might further challenge the growth of the polybutadiene market in the near future.
This polybutadiene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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, geographical expansions, technological innovations in the market. To gain more info on the polybutadiene market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Polybutadiene Market Scope and Market Size
Th polybutadiene market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the polybutadiene market is segmented into solid polybutadiene rubber, and liquid polybutadiene rubber. Solid polybutadiene rubber is further sub segmented into high cis polybutadiene, low cis polybutadiene, high vinyl polybutadiene, and high trans polybutadiene. Liquid polybutadiene rubber is further sub segmented into liquid 1,4-polybutadiene, liquid 1,2-polybutadiene, and hydroxyl-terminated polybutadiene.
- On the basis of application, the polybutadiene market is segmented into tiers, polymer modification, industrial rubber manufacturing, chemicals, and others.
Polybutadiene Market Country Level Analysis
The polybutadiene market is analysed, and market size, volume information is provided by country, resin type, formulating technology, and application as referenced above.
The countries covered in the polybutadiene market report are the 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polybutadiene market due to the occurrence of major petrochemical companies. Furthermore, the rise in the downstream industry will further boost the growth of the polybutadiene market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the polybutadiene market due to the rise in the need from tire industry. Moreover, the occurrence of large-scale automotive manufacturers and the increasing number of new cracker facilities is further anticipated to propel the growth of the polybutadiene market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polybutadiene Market Share Analysis
The polybutadiene market competitive landscape provides details by a 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 the polybutadiene market.
The major players covered in the polybutadiene market report are ARLANXEO, JSR Corporation, UBE INDUSTRIES,LTD., KUMHO PETROCHEMICAL., The Goodyear Tire & Rubber Company, SABIC, Reliance Industries Limited, Versalis, Sibur, China Petroleum & Chemical Corporation., Synthos, Cray Valley, ZEON CORPORATION, Evonik Industries, TSRC, NIPPON SODA CO., LTD., FIRESTONE POLYMERS LLC, Mitsubishi Corporation, PetroChina Company Limited, PJSC "Nizhnekamskneftekhim”., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.