According to the latest report by IMARC Group, titled, “Polybutadiene Rubber Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global polybutadiene rubber market is expected to exhibit a growth rate (CAGR) of 3.65% during 2023-2028.
Industry Definition and Application:
Polybutadiene rubber refers to an elastomeric artificial rubber manufactured through the coordination or anionic polymerization of butadiene monomers. It is commonly available in liquid and solid variants. Polybutadiene rubber is blended with styrene-butadiene rubber and natural rubber for the production of tires, tire carcasses, under-treads, sidewalls, conveyor belts, automotive components, sportswear, etc. It exhibits various favorable properties, including reduced vinyl content, high elasticity, resistance to abrasion and low temperatures, resilience, etc. Polybutadiene rubber is used as an additive to improve the impact resistance and toughness of rubber-based products. As a result, it finds widespread applications for industrial rubber manufacturing and polymer modification.
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Polybutadiene Rubber Market Trends:
Substantial growth in the automotive industry across the globe is driving the polybutadiene rubber market. This rubber is extensively utilized in the production of high-quality components in semi-utility vehicles (SUVs) and luxury vehicles to provide enhanced comfort to the user. Furthermore, the rising demand for advanced rubbers and chemical-resistant materials is bolstering the growth of the market. Liquid polybutadiene rubber is used in the manufacturing of elastomers, belts, shoes, hoses, rubber bands, coatings, adhesives, etc. Besides this, numerous product innovations, such as the utilization of bio feedstock for the production of synthetic rubber, are fueling the product demand. Several other factors, including growing expenditure capacities and elevating levels of industrialization, are anticipated to drive the market growth in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Competitive Landscape:
- Evonik Industries AG
- JSR Corporation
- Kuraray Co. Ltd.
- Lanxess AG
- LG Chem Ltd.
- LyondellBasell Industries Holdings B.V.
- Nippon Soda Co. Ltd.
- Reliance Industries Limited
- Saudi Arabia Basic Industries Corporation (SABIC)
- Synthomer plc
- Synthos (FTF Galleon S.A.)
- The Goodyear Tire & Rubber Company
- UBE Industries Ltd.
Breakup by Product:
- High Cis
- Low Cis
- High Trans
- High Vinyl
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Tire Manufacturing
- Polymer Modification
- Industrial Rubber Manufacturing
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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