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Polybutadiene Market Latest Research Reports 2018: JSR Corporation, PJSC Sibur Holding, Mitsubishi Corporation, Firestone Polymers LLC, China Wanda Group, Kuraray Co. Ltd., LG Chem Ltd., and Nippon Soda Co. Ltd., among others.
Polybutadiene Market
One of the significant drivers for the global polybutadiene market is the rapid growth in automotive and plastic industries. Properties such as low transition, high resistance, high tensile strength, abrasion resistance, and toughness fuel the demand for polybutadiene globally.
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Polybutadiene Market Taxonomy:
On the basis of product type, the global polybutadiene market is classified as:
High cis polybutadiene
Low cis polybutadiene
High trans polybutadiene
High vinyl polybutadiene
On the basis of application, the global polybutadiene market is classified as:
Industrial Rubber Manufacturing
Polymer Modification
Tire Manufacturing
Chemical industry
Others
Rubber is the second largest application segment of polybutadine market, tire industry being the fastest growing segment.
Asia Pacific is expected to be the fastest growing market in the forecast period. Rubber market of this region is growing at a significant pace, owing to the economic growth and increased Foreign Direct Investment (FDI) witnessed over the past few years. Thailand is the world’s top natural rubber producing country followed by Malaysia, Indonesia, and Vietnam.
The North America polybutadiene market is expected to experience a significant growth during the forecast period. Presence of major end-use industries such as automotive and the tire, further augments the demand for poybutadiene.
The Europe tire market has witnessed a moderate growth over the past couple of years. However, the region witness high import of tires.
Major players operating in the global polybutadiene market follow various organic and inorganic growth strategies in order to gain a competitive edge. For instance, new techniques have been adopted for the production of high grade polybutadiene using alkyllithium by Ziegler. Some of the major players in the global polybutadiene market are JSR Corporation, PJSC Sibur Holding, Mitsubishi Corporation, Firestone Polymers LLC, China Wanda Group, Kuraray Co. Ltd., LG Chem Ltd., and Nippon Soda Co. Ltd., among others.
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