Global Polybutadiene Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Polybutadiene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global polybutadiene market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global polybutadiene market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Polybutadiene (PBD) stands as a man-made rubber polymer acclaimed for its remarkable flexibility and resilience. Its production involves the polymerization of butadiene using methods like solution polymerization, emulsion polymerization, and high-cis polymerization. This process yields a material renowned for its outstanding features, including flexibility at low temperatures, durability against cracking and abrasion, and excellent compatibility when blended with other substances such as natural rubber and styrene-butadiene rubber. This blendability allows for the creation of composite materials with tailored and optimized properties. In particular, PBD finds valuable application in automotive parts like seals, gaskets, and hoses due to its ability to withstand extreme temperatures and resist various chemicals. Additionally, it is instrumental in coatings, enhancing the resistance against ultraviolet (UV) rays, corrosion, and moisture. This not only prolongs the life of coated objects but also reduces the need for frequent maintenance.
Global Polybutadiene Market Trends and Drivers:
The market is experiencing significant growth driven by the rising use of PBD in tire manufacturing, aimed at enhancing grip, durability, and fuel efficiency of vehicles. Additionally, the market is being propelled by the increasing adoption of PBD-based materials in energy storage devices like batteries and supercapacitors. The utilization of PBD in the production of industrial equipment such as conveyors and transmission belts is also contributing to this growth. Major industry players are investing in research and development (R&D) to innovate PBD-based materials and applications, thereby expanding their market share. Furthermore, the construction sector is benefiting from the exceptional adhesive properties and durability of PBD, as it is being used in various materials like sealants and adhesives. The market is further boosted by the growing emphasis on eco-friendly materials, such as bio-based polybutadiene, due to stringent environmental regulations and standards imposed by governing agencies. Moreover, the 3D printing industry is increasingly showing interest in PBD owing to its versatility and compatibility with various additive manufacturing techniques.
Global Polybutadiene Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Evonik Industries AG (RAG-Stiftung), JSR Corporation, Kumho Petrochemical Co. Ltd., Kuraray Co. Ltd., Lanxess AG, Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Basic Industries Corporation (Aramco Chemicals Company), Synthomer PLC, Synthos (Ftf Galleon S.A.), UBE Corporation, Versalis (Eni S.p.A.), etc.
The report segmented the market on the basis of product, type, and industry vertical.
Breakup by Product:
- High Cis Polybutadiene
- Low Cis Polybutadiene
- High Trans Polybutadiene
- High Vinyl Polybutadiene
Breakup by Type:
- Solid Polybutadiene Rubber
- Liquid Polybutadiene Rubber
Breakup by Industry Vertical:
- Tire
- Automotive
- Chemical
- Industrial Rubber Manufacturing
- Others
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.
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