Press release
Liquid Polybutadiene Market Is Set to Enjoy a Valuation of US$ 642.7 Million by 2032
Liquid polybutadiene is used as a supplementary compound or as an external additive that would add certain properties to a product or enhance its performance. Rising integration and growing manufacturers' adaptability to the positive network externalities across the rubber, adhesives & sealants, and coatings industry are set to provide an impetus to the market's growth. Sustainable and bio-based liquid polybutadiene is an additional advantage for the market's growth.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฎ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ -https://www.factmr.com/connectus/sample?flag=S&rep_id=4143?PJ
Further, it has applications across paints and coatings. It is used in formulating the coatings to reduce the overall solvent content for the final coating formulation. Currently, Liquid Polybutadiene-A is majorly channelled in the market but the novel higher vinyl content liquid polybutadiene is gaining traction in the coatings industry. Thus, growth in the paints and coatings industry is expected to bolster the demand for liquid polybutadiene.
Moreover, growing demand for the product and the unavailability of substitutes not in the near future has ignited the price of the product. Price increase has hardly affected the demand for liquid polybutadienes which is set to grow strong on demand curves where the curve is set to provide a strong equilibrium over a medium-term forecast period even at higher price points.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฟ๐ผ๐๐๐ต ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐:
Demand in Adhesives and Sealants: Liquid polybutadiene is used as a tackifier and elastomer in adhesives and sealants, driving demand from industries such as construction and automotive.
Elastomeric Applications: Its high flexibility, low glass transition temperature, and excellent resilience make it suitable for elastomeric applications, including footwear and conveyor belts.
Coatings and Paints: Liquid polybutadiene's water resistance and chemical stability contribute to its use in coatings and paints for corrosion protection and improved durability.
Tire Manufacturing: The tire industry utilizes liquid polybutadiene for its contribution to improved tire performance, including reduced rolling resistance and enhanced grip.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
The global liquid polybutadiene market is valued at US$ 353.6 million in 2022
Worldwide demand for liquid polybutadiene is anticipated to reach US$ 642.7 million by 2032-end
During 2017-2021, sales of liquid polybutadiene increased at 5.0% CAGR
East Asia tops the global liquid polybutadiene market accounting for 36.3% market share
Rubber manufacturing application of liquid polybutadiene account for 37.3% share of global sales
"Mushrooming Construction and Paints & Coating Industries will offer Immense Growth Opportunity to the Market Over the Assessment Period." says a Fact.MR analyst.
๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ถ๐พ๐๐ถ๐ฑ ๐ฃ๐ผ๐น๐๐ฏ๐๐๐ฎ๐ฑ๐ถ๐ฒ๐ป๐ฒ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
๐๐ถ๐พ๐๐ถ๐ฑ ๐ฃ๐ผ๐น๐๐ฏ๐๐๐ฎ๐ฑ๐ถ๐ฒ๐ป๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป:
Rubber Manufacturing
Adhesives & Sealants
Polymer Modification
Coating Formulations
Others
๐๐ถ๐พ๐๐ถ๐ฑ ๐ฃ๐ผ๐น๐๐ฏ๐๐๐ฎ๐ฑ๐ถ๐ฒ๐ป๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐๐ป๐ฑ-๐จ๐๐ฒ:
Paints & Coatings
Elastomers
Adhesives
Construction
Printing & inks
Others
๐๐ถ๐พ๐๐ถ๐ฑ ๐ฃ๐ผ๐น๐๐ฏ๐๐๐ฎ๐ฑ๐ถ๐ฒ๐ป๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐
Growing research and development and expansion of production capacity among the manufacturers such as Evonik and Nippon Soda, in liquid polybutadiene portrays a clear picture of the market's key strategy. Furthermore, investment by the firms to promote the product and collaborate with the tire manufacturers provides an image of the higher market potential over the medium-term forecast period.
This is set to create a wave in the market over utilization of the novel product. This is set to create a domino effect, which is also called positive network externalities, driving revenue growth. Further, market players are closely working with the customers to understand their specific requirements and develop innovative solutions to meet the demand.
Further, the market is highly consolidated and manufacturers are trying to maintain their long-run dominance in the market. Key manufacturers for instance are constantly involved in developing new product lines to enter the new application arena.
In June 2022, Evonik's Adhesives and Coatings company announced a new line of sustainable and durable liquid polybutadiene. The utilization of sustainably created butadiene in the production of this innovative product line is estimated to decrease the usage of fossil fuels by up to 99.9%.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ
Evonik Industries AG
Nippon Soda Co., Ltd
Synthomer
TOTAL Cray Valley
๐ง๐ฟ๐ฒ๐ป๐ฑ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐:
Bio-based Alternatives: As sustainability gains importance, research into bio-based alternatives to traditional polybutadiene is ongoing, which could impact the market.
Functionalized Variants: Manufacturers are developing functionalized liquid polybutadienes that offer enhanced properties for specific applications, such as improved adhesion.
Customization: Tailoring liquid polybutadiene formulations to meet specific end-use requirements, such as varying levels of flexibility or resilience, is a growing trend.
๐ ๐ผ๐ฟ๐ฒ ๐ฉ๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ผ๐ป ๐ข๐ณ๐ณ๐ฒ๐ฟ
Fact.MR, in its new offering, presents an unbiased analysis of the global liquid polybutadiene market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of application (rubber manufacturing, adhesives & sealants, polymer modification, coating formulations, and others), end-use (paints & coatings, elastomers, adhesives, construction, printing & inks, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:https://www.factmr.com/connectus/sample?flag=RC&rep_id=4143?PJ
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