2023 Global Polybutadiene (BR) Market Report: Top Companies, Trends and Future Prospects Details for Business Development

The Business Research Company's Polybutadiene (BR) Global Market Report 2023 identifies increased usage of polybutadiene in high-end tire manufacturing has contributed to the growth of the polybutadiene market. Nearly 70% of the world's production of polybutadiene is used in tire manufacturing. After the curing process, BR possesses different properties such as abrasion resistance, poor wet traction, and low rolling resistance because of its low glass transition temperature. It is also widely used in the sidewall of truck tires to improve abrasion and reduce wear.

The global polybutadiene (BR) market size will grow from $19.5 billion in 2022 to $21.29 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global polybutadiene (BR) market size is expected to grow from $29.36 billion in 2027 at a CAGR of 8.4%.

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Major players in the polybutadiene market are LG Chem Ltd., Versalis S.P.A, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited, Lanxess AG, Kumho Petrochemical Co. Ltd., The Goodyear Tire & Rubber Company, UBE Industries, Ltd., and Synthos S.A.

Neodymium polybutadiene (ND-PBR) rubber production is an emerging trend in the polybutadiene rubber market. Neodymium is a catalyzed synthetic polybutadiene that has high elasticity and is resistant to dynamic stress at both high and low temperatures. It is majorly used in the manufacturing of tires, conveyor belts, golf balls, footwear, and other industries. For instance, Lanxess, a producer of neodymium polybutadiene rubber, is producing 0.14 million tons of ND-PBR per year.

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The Polybutadiene (BR) market is segmented -
1) By Product Type: Solid Polybutadiene, Liquid Polybutadiene

2) By Application: Automotive, Chemical, Industrial, Other Applications

3) By Sales: Online, Offline

4) By Industry Vertical: Tire, Automotive, Chemical, Industry Rubber Manufacturing: Other Industry Verticals

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Polybutadiene (BR) market.

The Business Research Company's "Global Polybutadiene (BR) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Polybutadiene (BR) Market Include:
1. Executive Summary
2. Polybutadiene (BR) Market Characteristics
3. Polybutadiene (BR) Market Trends And Strategies
4. Polybutadiene (BR) Market - Macro Economic Scenario
5. Polybutadiene (BR) Market Size And Growth
.....
26. Africa Polybutadiene (BR) Market
27. Polybutadiene (BR) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polybutadiene (BR) Market
29. Polybutadiene (BR) Market Future Outlook and Potential Analysis
30. Appendix

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