Polybutadiene Rubber Market Size | Report 2023-28

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:

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