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Polybutadiene Market is reach to USD 7.07 billion, Significantly Growing at a CAGR 6.31%, Progress Insight, Growth Statistics, Key Players and Forecast 2029
Polybutadiene Market Overview:Polybutadiene is a flexible starting material for polymer analogue reactions, which is a large-scale polymeric product with a low price, owing to its large amount of conveniently accessible double bonds. To broaden uses for polybutadiene, successive chemical functionalization can be used to modify its characteristics. Addition of heteroatoms to olefinic entities increases polarity, which reduces content double bond hydrogenation and functionalization of double bonds allows for further reactions, particularly with nucleophilic reagents.
The global Polybutadiene market is expected to grow from USD 3.65 billion in 2020 to USD 7.07 billion by 2029, at a CAGR of 6.31% 2022-2029.
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Polybutadiene Market Key Players
The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global Polybutadiene market industry.
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are ARLANXEO (Netherlands), JSR Corporation (Japan), UBE Industries Ltd. (Japan), SABIC (Saudi Arabia), LG Chem Ltd. (South Korea), Versalis SPA (Italy), PJSC SIBUR Holdings (Russia), Sinopec (China), and Kuraray Co. Ltd. and Others
Recent Development
On 2 February 2022, DuPont created a novel Ecoposit plastic metallization process that improves plating capabilities for complex parts. The product attacks polybutadiene areas via oxidization and forms caverns, which enable adhesion by mechanical anchoring of plated metals.
On 4 June 2019, A consortium of Petrojet and Saipem won a bid to build the first polybutadiene rubber factory in Egypt and Africa. This project is worth USD 150 million and will be established in ETHYDCO complex in Alexandria with an annual capacity of 36,000 tons.
In February 2019, SIBUR launched an investment project aimed at enhancing polybutadiene rubber (Nd-BR) production efficiency at its Voronezh facility (Voronezhsintezkauchuk). The project aims for a large-scale upgrade to boost the operational efficiency of the existing facility and ensure the production of consistently high-quality products. This project will enable SIBUR to produce quality products with improved operational efficiency.
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Polybutadiene Market Segmentation:
Polybutadiene Market by Type, 2020-2029, (USD Million), (Kilotons)
Solid Polybutadiene
Liquid Polybutadiene
Polybutadiene Market by Application, 2020-2029, (USD Million), (Kilotons)
Tires
Polymer Modification
Industrial Rubber Manufacturing
Chemicals
Others (Sporting Goods And Footwear)
Growth Factors:
Increasing demand from the Polybutadiene industries
The growing use of Polybutadiene in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Polybutadiene Market
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Polybutadiene Market Regional Analysis
The Asia Pacific market is expected to account for largest revenue share in the global market during the forecast period. This is due to extensive growth in tire manufacturing industries coupled with massive demand for polybutadiene as an impact modifying agent in various polymer industries. Polybutadiene rubber prices in India increased by 2.5% in February 2022, to INR 1,76,660 per MT (USD 2,303.05 per MT) in the first week of March 2022. Polybutadiene rubber imports from South Korea and other countries have also been expensive, maintaining strong price dynamics in the region's domestic market. Hence, all of these factors are responsible for driving market revenue growth of the region.
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Polybutadiene Market Trends
- The report identifies, determines, and forecasts the Global Polybutadiene Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Polybutadiene Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Polybutadiene Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Polybutadiene Market.
Frequently Asked Questions (FAQ):
What are the different types of polybutadiene?
Which is the leading application of polybutadiene market?
What are the opportunities for the market?
Which region dominate the polybutadiene market?
Which is the major restraining factor in the market?
What are the factors supporting the growth of polybutadiene market?
Who are the major manufacturers in the market?
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