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Polybutadiene (BR) Market Analysis 2024: Market Growth Rate, Key Drivers And Trends Report 2033 | LG Chem Ltd., Versalis SPA, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited
Polybutadiene (BR) Market
The Business Research Company's Polybutadiene (BR) Global Market Report 2024 identifies Increased usage of polybutadiene in high-end tire manufacturing as the major driver for the Polybutadiene (BR) market's growth in the forecast period. 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.
The polybutadiene (br) market size has grown strongly in recent years. It will grow from $21.44 billion in 2023 to $23.57 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to tire manufacturing, rubber goods production, adhesives and sealants, impact modifier. The polybutadiene (br) market size is expected to see strong growth in the next few years. It will grow to $33.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
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Major competitors in the Polybutadiene (BR) market are LG Chem Ltd., Versalis SPA, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited.
A key trend in the Polybutadiene (BR) market includes developing production plants. Major companies operating in the polybutadiene (BR) market are developing production plants to meet the growing demand for this versatile synthetic rubber. These production plants play a crucial role in ensuring a stable supply of polybutadiene to various industries. For instance, in February 2023, Arlanxeo LLC, a US-based synthetic rubber manufacturing company, launched a 65-kilotonne per annum polybutadiene rubber plant in Brazil. Arlanxeo has announced the addition of a new production line to its total synthetic rubber capacity in Duque de Caxias, Rio de Janeiro. The new line increases their overall capacity to 150 ktpa. The new line is part of Arlanxeo's commitment to Latin America and a strategic move to further strengthen their presence in the region. It Increased production capacity to meet the growing demand for PBR in Latin America, a wider range of products for Arlanxeo's customers, the creation of jobs, and a boost to the local economy will help to meet the growing demand for PBR, create jobs, and boost the local economy.
Read More On The Global Polybutadiene (BR) Market Report Here:
https://www.thebusinessresearchcompany.com/report/polybutadiene-br-global-market-report
The Polybutadiene (BR) market is segmented -
1. By Product Type: Solid Polybutadiene, Liquid Polybutadiene
2. By Sales: Online, Offline
3. By Industry Vertical: Tire, Automotive, Chemical, Industry Rubber Manufacturing: Other Industry Verticals
4. 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 2024" 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. Global Polybutadiene (BR) Market Size and Growth
……
31. Global Polybutadiene (BR) Market Competitive Benchmarking
32. Global Polybutadiene (BR) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Polybutadiene (BR) Market
34. Polybutadiene (BR) Market Future Outlook and Potential Analysis
35. Appendix
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