Polybutadiene (BR) Market Trends That Will Shape the Next Decade: Insights from Neodymium Polybutadiene (ND-PBR) Rubber Production Revolutionizes The Polybutadiene Rubber Market

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How Large Will the Polybutadiene (BR) Market Size By 2025?
The market for polybutadiene (BR) has witnessed swift expansion lately. It's projected to enlarge from a valuation of $24.12 billion in 2024 to $26.67 billion in 2025, posting a compound annual growth rate (CAGR) of 10.6%. This notable growth during the historical span is linked to industries such as tire manufacturing, rubber goods manufacturing, and the production of adhesives and sealants, as well as being an impact modifier.

How Big Is the Polybutadiene (BR) Market Size Expected to Grow by 2029?
Expectations suggest a substantial rise in the market size of polybutadiene (BR) in the ensuing years. The market value is projected to reach $37.53 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. This predicted upsurge is due to the rising interest in green and sustainable materials, the expansion of the automotive sector, enhancements in the tyre industry, and advanced rubber products. Bio-based polybutadiene, high cis polybutadiene, custom polymer mixtures, and recycled polybutadiene stand prominently among key trends seen within the forecast period.

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Which Key Market Drivers Powering Polybutadiene (BR) Market Expansion and Growth?
The polybutadiene market has seen growth due to its increased utilization in the production of high-end tires, as approximately 70% of global polybutadiene production is dedicated to this sector. BR, after undergoing the curing process, exhibits various features like low rolling resistance, poor wet traction, and resistance to abrasion, all attributable to its low glass transition temperature. It is commonly employed in truck tire sidewalls for the enhancement of abrasion resilience and wear reduction. UBE Industries, for instance, produces BR for tires, and this material carries optimum physical traits such as heat buildup, tensile strength, and rebound. Additionally, it comes in grades which offer superior processability like extrusion, roll banding, and mixing.

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Which Fast-Growing Trends Are Poised to Disrupt the Polybutadiene (BR) Market?
The production of Neodymium polybutadiene (ND-PBR) rubber is a rising trend in the polybutadiene rubber market. Neodymium is a catalyzed variant of synthetic polybutadiene, known for its superior elasticity and durability against dynamic stress at extreme temperatures. It is primarily utilized in the creation of tires, conveyor belts, golf balls, footwear, among other industries. To illustrate, Lanxess, a prominent manufacturer of neodymium polybutadiene rubber, generates 0.14 million tons of ND-PBR annually.

What Are the Emerging Segments 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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Who Are the Global Leaders in the Polybutadiene (BR) Market?
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.

Which are the Top Profitable Regional Markets for the Polybutadiene (BR) Industry?
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.

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