Global Liquid Polybutadiene Market was valued at USD 1470.00 million in 2021 and is expected to reach USD 2171.86 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029.
Liquid Polybutadiene (LPBD) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
High Utilization Across Various End Users
The ongoing demand for chemical resistance is driving the market for liquid polybutadiene (LPBD). Moreover, the growing use of liquid polybutadiene (LPBD) in thermosetting plastic materials, curing, and process handling, such as for polyester resins, is fuelling the growth of the liquid polybutadiene (LPBD) market.
Various Applications in Automotive Sector
As per the liquid polybutadiene (LPBD) market report, the global usage of liquid polybutadiene in various sectors is expected to increase massively over the next few years. Treads, rims, apex, tyre manufacturing and carcasses are common applications for liquid polybutadiene rubber within the automotive sector.
Opportunities
Surge in Adoption of Bio-Based Liquid Polybutadiene and Investments
Furthermore, the growing adoption of bio-based liquid polybutadienes extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing investments and developmental activities for liquid polybutadiene (LPBD) will further expand the future growth of the liquid polybutadiene (LPBD) market.
Restraints/Challenges
Stringent Environmental Regulations
However, the global liquid polybutadiene (LPBD) market is governed by stringent regulations. The main reason for the imposition of these regulations is the negative impact of plastic use on the environment and the growing concerns about it.
Volatility In Prices
The market for liquid polybutadiene (LPBD) is also largely hampered by the volatility of crude oil and raw material costs throughout the forecast period. The volatility of crude oil and raw material costs further increase the overall cost of the product. This factor poses as a major challenge for the market.
Market Analysis and Size
The use of plastic in the liquid polybutadiene (LPBD) industry has increased in recent years, and this trend is expected to continue in the near future. The increased use of liquid polybutadiene (LPBD) in thermosetting plastic materials, curing, and handling processes such as those used for polyester resins fuel market growth.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Global Liquid Polybutadiene (LPBD) Market Scope
The liquid polybutadiene (LPBD) market is segmented on the basis of application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
Adhesives and Sealants
Rubber Compounds and Elastomers
Tire manufacturing, Electrical Insulation
Polymer/Resin Modification
Paints and Coatings
Others
End Use
Automotive
Chemical
Industrial
Housing and Construction
Electronics
Others
Competitive Landscape and Liquid Polybutadiene (LPBD) Market Share Analysis
The liquid polybutadiene (LPBD) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to liquid polybutadiene (LPBD) market.
Some of the major players operating in the liquid polybutadiene (LPBD) market are
ARLANXEO (Netherlands)
JSR Corporation (Japan)
UBE Corporation (Japan)
KUMHO PETROCHEMICAL (South Korea)
The Goodyear Tire & Rubber Company (U.S.)
SABIC (Saudi Arabia)
China Petroleum Corporation (China)
Shell (U.K.)
corporate. Evonik (Germany)
INEOS (U.K.)
LANXESS (Germany)
LG Chem (South Korea)
LyondellBasell Industries Holdings B.V. (Netherlands)
PJSC "INEOS" (Russia)
Repsol (Spain), TPC Group (U.S.)
Formosa Plastics Corporation (U.S.)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: Market Analysis & Size
Ø Chapter Four: Market Scope
Ø Chapter five: Market Share Analysis
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