Press release
Polybutadiene Market Report 2023: Global Size, Share & Growth till 2028
Polybutadiene Market
Polybutadiene, a synthetic rubber polymer, boasts exceptional elasticity, durability, and resistance to wear and tear. This versatile material is created through the polymerization of butadiene monomers and can be transformed into various forms like solid sheets, molded components, and liquid dispersions. Its wide-ranging applications span across industries including automotive, construction, electronics, and consumer goods. With its impressive combination of high tensile strength and a low glass transition temperature, polybutadiene finds suitability in applications that demand flexibility and impact resistance. Furthermore, its adhesive properties, along with features such as electrical insulation and resistance to abrasion and chemicals, are driving a global increase in demand for polybutadiene.
The global polybutadiene market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
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Global Polybutadiene Market Trends and Drivers:
The market is experiencing substantial growth, primarily fueled by the automotive industry's expansion and the growing utilization of polybutadiene in the production of tires known for their outstanding wear resistance and low rolling resistance characteristics. Furthermore, increased sales of both passenger and commercial vehicles are acting as strong drivers for market expansion. Moreover, the market is witnessing a surge in demand for bio-based and renewable polybutadiene substitutes due to heightened emphasis from industry participants on sustainability and eco-friendly materials. This shift aims to reduce harmful emissions and promote environmental well-being. In addition to these factors, advancements in polymerization technologies are playing a significant role in the market's growth trajectory. These advancements are enabling the production of specialized polybutadiene grades with improved properties and operational efficiency, further boosting market expansion.
Global Polybutadiene Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
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
Versalis (Eni S.p.A.).
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The report 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 Regions:
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
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
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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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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