Press release
Polybutadiene Market Analysis and Future Directions Report 2024 - 2031 | PJSC Sibur Holding, Mitsubishi Corporation
Polybutadiene Market
Polybutadiene is a synthetic rubber that provides high strength, abrasion resistance and bonding strength. It is mainly used in tire manufacturing where it accounts for over 60% of the total polybutadiene consumption. Other key end uses include polymer modification, industrial rubber products and Polybutadiene latex.
Market Dynamics:
The growth of the polybutadiene market is driven by increasing demand from the tire industry owing to high production of vehicles across the globe. As per an automotive industry analysis, global passenger car production is estimated to grow at a CAGR of over 3.5% during the forecast period. Furthermore, rapid growth of the construction industry is also fueling polybutadiene consumption in applications such as sealants and adhesives. However, availability of substitute products such as styrene butadiene rubber (SBR) can hinder the polybutadiene market growth. Ongoing R&D towards developing bio-based polybutadiene using renewable resources can provide new opportunities over the forecast period.
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Major Growth Driver: Increasing Demand from the Tire Industry
The global tire industry has been exhibiting strong growth over the past few years owing to rising vehicle production and sales across the world. Polybutadiene rubber is a key raw material that is used in the manufacturing of tire components such as sidewalls, tread, and bead wire. It helps impart strength, resilience, and flexibility to tires. With more people buying new vehicles and replacing old tires, the demand for polybutadiene from tire makers has increased substantially. According to various estimates, the tire industry accounts for over 60% of global polybutadiene consumption. The robust growth of the automotive sector, driven by economic development, expanding middle class in developing nations, and preference for personal mobility will keep driving the need for tires. This in turn will promote the use of polybutadiene and push the market growth in the coming years.
Significant Growth Opportunity: Emerging Applications in Adhesives
The adoption of polybutadiene in adhesives and sealants has emerged as a major growth opportunity. Adhesives find extensive application in packaging, construction, footwear, automotive, woodworking, and electronics. The rising needs of these industries have boosted the demand for adhesives. Polybutadiene provides improved adhesion, flexibility, impact resistance, and aging properties to adhesive formulations. Its growing use in contact adhesives, PC resin adhesives, reactive hot melt adhesives, and modifying asphalt/bitumen based sealants is anticipated to drive more volume sales. Moreover, R&D activities to develop new polybutadiene-based adhesive solutions suitable for advanced applications in electric vehicles and renewable energy also bodes well for market revenues. Polybutadiene producers can profitably target this opportunity by catering adhesives manufacturers through innovative product developments.
Major Market Trend: Rising Consumption in Polymer Modification
The trend of utilizing polybutadiene for polymer modification applications has intensified and will remain a key factor impacting the market. Polybutadiene finds favor among polymer processors as a useful additive for developing high-performance plastics and elastomers with improved physical characteristics. It helps enhance properties such as elasticity, flexibility, impact strength, and abrasion resistance of finished polymer products. Therefore, polybutadiene consumption is surging in polymer modification of styrene-butadiene rubber, acrylonitrile-butadiene-styrene resins, polyvinylchloride formulations, nylon engineering plastics, and others. Going forward, the rising polymer demand from various end-use industries will drive larger polybutadiene requirements for polymer modification activities. Continuous product innovations and value-add applications are expanding the horizons for polybutadiene market.
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Top Companies Included in This Report:
โ PJSC Sibur Holding
โ Mitsubishi Corporation
โ Firestone Polymers LLC
โ China Wanda Group
โ Kuraray Co. Ltd.
โ LG Chem Ltd.
โ Nippon Soda Co. Ltd.
โ among others.
Market Segmentation:
By Product Type:
โ High cis polybutadiene
โ Low cis polybutadiene
โ High trans polybutadiene
โ High vinyl polybutadiene
By Applications:
โ Industrial Rubber Manufacturing
โ Polymer Modification
โ Tire Manufacturing
โ Chemical industry
โ Others
Key Regions/Countries are Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Polybutadiene Market by Players
Chapter 4: Market Size of the Polybutadiene Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Polybutadiene Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Polybutadiene industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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๐๐๐, ๐๐๐ฐ ๐๐๐ซ๐ฌ๐๐ฒ- The global High-cis Polybutadiene Rubber Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
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Global Polybutadiene Market Size - Forecast to 2026
As per the research conducted by GME, the Global Polybutadiene Market is projected to grow from USD 11.6 billion in 2021 to USD 14.2 billion by 2026 at a CAGR value of 5.7% between 2021 and 2026. The flourishing automobile industry and the rising research and development into the use of polybutadiene as additives for polymer modification are expected to be the major drivers of the polybutadiene market.
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