Polybutadiene (BR) Market Set to Reach $37.53 Billion by 2029 with 8.9% Yearly Growth

What Is the Estimated Market Size and Growth Rate for the Polybutadiene (BR) Market?
There has been a remarkable expansion in the polybutadiene (BR) market size in the last few years. The market, presently valued at $24.12 billion in 2024, is projected to increase to $26.67 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. This significant growth in the previous period is due to various factors like the production of tires, rubber goods, adhesives and sealants, and the use of BR as an impact modifier.

Over the forthcoming years, the polybutadiene (BR) market is anticipated to achieve substantial growth. The market is projected to expand to a staggering $37.53 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. The anticipated growth during the forecast period is mainly due to factors such as the emergence of green and sustainable materials, the expansion of the automotive industry, advancements in the tire industry, and the development of advanced rubber goods. The major trends expected to influence the market during the forecast period include bio-based polybutadiene, high cis polybutadiene, tailor-made polymer blends, as well as recycled polybutadiene.

What Are the Forces Behind the Rapid Growth of the Polybutadiene (BR) Market?
The growth of the polybutadiene market has been supported by its increasing use in high-end tire production. Around 70% of global polybutadiene production is used in making tires. Once the curing process is complete, BR displays various properties like resistance to abrasion, low grip in wet conditions, and reduced rolling resistance, all because of its low glass transition temperature. It also finds its application in the truck tire sidewalls to enhance resistance against abrasion and decrease wear. For instance, UBE Industries, among other companies, produce BR that is utilized in tires and provides superior physical properties such as rebound, tensile strength, and heat buildup, and grades that offer excellent processability including mixing, roll banding, and extrusion.

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Who Are the Dominant Companies Influencing Polybutadiene (BR) Market Trends?
Major companies operating in the polybutadiene (BR) market include LG Chem Ltd., Versalis SPA, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited, Lanxess AG, Kumho Petrochemical Co. Ltd., Goodyear Tire & Rubber Company, UBE Industries Ltd., Synthos SA, Evonik Industries AG, LyondelBasell Industries NV, Zeon Corporation, Nizhnekamskneftekhim, Firestone Polymers LLC, SIBUR International GmbH, Arlanxeo, China National Petroleum Corporation, PetroChina Company Limited, Formosa Petrochemical Corporation, Indian Synthetic Rubber Limited, Asahi Kasei Corporation, Sumitomo Chemical Co. Ltd., Saudi Aramco, Saudi Arabia's Basic Industries Corporation, Kuraray Co. Ltd.

How Is the Polybutadiene (BR) Market Evolving?
The rise in the production of Neodymium polybutadiene (ND-PBR) rubber is a new trend unfolding in the polybutadiene rubber market. This synthetic polybutadiene, catalyzed by neodymium, has superior elasticity and can withstand dynamic stress at both high and low temperatures. Its primary applications include tire manufacturing, conveyor belts, golf balls, footwear, among others. For example, Lanxess, a company that manufactures neodymium polybutadiene rubber, churns out 0.14 million tons of ND-PBR annually.

What Are the Different Segmentations in the Polybutadiene (BR) Market?
The polybutadiene (BR) market covered in this report 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

Subsegments:
1) By Solid Polybutadiene: High-cis Polybutadiene, Low-cis Polybutadiene, Medium-cis Polybutadiene
2) By Liquid Polybutadiene: Hydrogenated Liquid Polybutadiene, Non-Hydrogenated Liquid Polybutadiene

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Which Region Is at the Forefront of the Polybutadiene (BR) Market?
Asia-Pacific was the largest region in the polybutadiene (BR) market in 2023. Western Europe was the second-largest region in the global polybutadiene (br) market. The regions covered in the polybutadiene (BR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Polybutadiene (BR) Global Market Report?

- Market Size Analysis: Analyze the Polybutadiene (BR) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Polybutadiene (BR) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Polybutadiene (BR) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Polybutadiene (BR) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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