Polybutadiene is a synthetic rubber. Polybutadiene rubber is a polymer formed from the polymerization of the monomer 1,3-butadiene. Polybutadiene has a high resistance to wear and is used especially in the manufacture of tires, which consumes about 70% of the production. Another 25% is used as an additive to improve the toughness (impact resistance) of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS).
Market Analysis and Insights: Global Polybutadiene Market
Due to the COVID-19 pandemic, the global Polybutadiene market size is estimated to be worth US$ 9687.1 million in 2023 and is forecast to a readjusted size of US$ 11570 million by 2030 with a CAGR of 3.0% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Solid Polybutadiene Rubber accounting for % of the Polybutadiene global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Tire segment is altered to an % CAGR throughout this forecast period.
Asia Pacific is estimated to dominate the polybutadiene market, owing to the rising demand for polybutadiene driven by its increased use in end-use industries. Europe is the second-largest consumer of polybutadiene, globally. The market in this region is mainly driven by the growth in the automotive industry.
Global Polybutadiene Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Polybutadiene Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Solid Polybutadiene Rubber
Liquid Polybutadiene Rubber
Segment by Application
Tire
Polymer Modification
Chemical
Industrial Rubber Manufacturing
Others
By Company
JSR
Kumho
Lanxess
SIBUR
Versalis
LG Chem
Kuraray
Goodyear
Evonik
Taiwan Synthetic Rubber
Shazand Petrochemical
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
