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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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into the market in any form.
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
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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