Polybutadiene Market Expected to Reach US$ 6.37 Bn, Globally, by 2027 at 4.30% CAGR

The latest research study "Polybutadiene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global polybutadiene market reached a value of US$ 4.88 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.37 Billion by 2027, exhibiting a CAGR of 4.30% during 2022-2027.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Industry Definition and Application:

Polybutadiene represents a synthetic elastomer or rubber formed by radical polymerization of multiple butadiene monomers to make a long polymer chain molecule. It can be categorized into several product types, such as high cis polybutadiene, low cis polybutadiene, high trans polybutadiene, etc. These polybutadiene products have excellent resistance to abrasion, ensure high elasticity, reduce heat buildup, and lower hysteresis loss. They are even used as an additive to improve the impact resistance of plastics, including polystyrene, high-impact polystyrene (HIPS), and acrylonitrile butadiene styrene (ABS). As a result, polybutadiene rubber variants find extensive applications in numerous sectors, such as tire, automotive, chemical, industrial rubber manufacturing, and more.

Global Polybutadiene Market Trends and Drivers:

The elevating sales of vehicles across the globe and the growing demand for high-performance tires are among the key factors driving the polybutadiene market. Additionally, the escalating product adoption in the automobile industry to manufacture gaskets, belts, inner tubes of hoses, etc., owing to their resistance to low temperatures, is acting as another significant growth-inducing factor.

Furthermore, the expanding construction sector and the increasing usage of polystyrene plastics as an insulated panel system for roofs, walls, and concrete floors in commercial and residential buildings are also positively influencing the global market. Apart from this, the rising need for an alternative to natural rubber in the production of golf ball cores and for encapsulating electronic assemblies to provide enhanced electrical resistivity is also expected to catalyze the polybutadiene market in the coming years.

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Global Polybutadiene Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

Evonik Industries AG (RAG-Stiftung), JSR Corporation, Kumho Petrochemical Co. Ltd., Kuraray Co. Ltd., Lanxess AG, Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Basic Industries Corporation (Aramco Chemicals Company), Synthomer PLC, Synthos (Ftf Galleon S.A.), UBE Corporation and Versalis (Eni S.p.A.).

The report has segmented the market on the basis of region, product, type and industry vertical.

Breakup by Product:
• High Cis Polybutadiene
• Low Cis Polybutadiene
• High Trans Polybutadiene
• High Vinyl Polybutadiene

Breakup by Type:
• Solid Polybutadiene Rubber
• Liquid Polybutadiene Rubber

Breakup by Industry Vertical:
• Tire
• Automotive
• Chemical
• Industrial Rubber Manufacturing
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.