Press release
Liquid Polybutadiene Market is projected to reach 3,776.5 million USD till 2023, expanding at CAGR of 4.85% during forecast period 2016-2023
Liquid Polybutadiene Market Research Report
Global Key Players and Competition Analysis
The prominent players in the Global Liquid Polybutadiene Market are Kuraray Co. Ltd (Japan), SIBUR International GmbH (Austria), Idemitsu Kosan Co., Ltd. (Japan), Versalis S.p.A (Italy), Evonik Industries AG (Germany), Cray Valley (France), and NIPPON SODA CO., LTD (Japan), among others.
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Segmentation Analysis
The Global Liquid Polybutadiene Market is segmented on the basis application, end use, and region. Based on application, the market is divided into tire manufacturing, industrial rubber, polymer modification, protective films, chemicals, coatings, adhesives & sealants, and others. Based on end use, the market is segmented transportation, construction, industrial, and others. Geographically, the Global Liquid Polybutadiene Market is spanned across: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Regional Analysis
The Global Liquid Polybutadiene Market is segmented into five key regions Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among them, Asia Pacific accounted for the largest market share in 2016, and is projected to grow at the highest CAGR of 5.34% to reach USD 1,483.2 million by the end of 2023. As of 2016, Germany accounted the largest market share of 29.70% in Europe and expected to remain dominance throughout the forecast period owing to greater penetration of end user industries in the country.
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Market Scope
Global Liquid Polybutadiene Market is characterized into tire manufacturing, industrial rubber, polymer modification, protective films, chemicals, coatings, adhesives & sealants, and others. Among these applications, the tire manufacturing accounts for the largest market share as of 2016 and is estimated to grow at the highest CAGR of 5.31% during the forecast period. In the coming years, the tire manufacturing segment is anticipated to retain its dominance due to the constantly rising demand from the automotive industry. Apart from tire manufacturing industry, industrial rubber is another substantial application of the Liquid Polybutadiene and is holding 19% share of the market.
Browse the market data and information spread across 123 pages with 148 data tables and 15 figures of the report “Liquid Polybutadiene Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/liquid-polybutadiene-market-3999
Industry News
February 20, 2017- Kuraray Co., Ltd. has developed liquid farnesene rubber for tire manufacturing. Sumitomo Rubber Industries, Ltd. has adopted liquid farnesene rubber (LFR) as performance enhancing additive in studless tire WINTER MAXX 02. This LFR is developed by Kuraray using bio-technology derived monomer called Farnesene with help of Amyris, Inc.
June 29, 2017- Total Cray Valley introduced a new PolyFarnesene diol in line of Krasol- brand and Ricon-brand which is liquid polybutadiene resin. It is based on trans-β-farnesene, a renewable alternative to petroleum-based feedstocks like butadiene. Krasol F 3000 can replace polyether and polyester diols.
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