Global Polybutadiene Market Overview 2024-2032 

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 report, size, share, 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$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.78% during 2024-2032.

Polybutadiene is a synthetic polymer that is composed of repeating units of butadiene. It comprises electrical insulating properties that make it suitable for use in wire and cable insulation, ensuring the safe and efficient transmission of electricity. It assists in producing vehicle tires due to its exceptional resilience and ability to maintain elasticity at a wide range of temperatures while enhancing the grip and durability of tires, contributing to safer and longer-lasting products. It aids in manufacturing anti-vibration and noise-damping components in the automotive sector, contributing to a quieter and smoother ride. It helps in creating seals and gaskets that maintain the integrity of systems by preventing leakage and ensuring a secure fit. It creates soles and outsoles due to its outstanding wear resistance and cushioning properties to ensure that footwear remains comfortable and durable, especially in athletic and high-performance shoes. It is often used as a modifier in polymer blends to enhance their toughness and impact resistance. It is employed in the core of golf balls, contributing to their ability to bounce and provide distance when struck. It is utilized as an adhesive that is known for its strong bonding capabilities, making them valuable in various industrial and construction applications. It finds applications in manufacturing industrial belts and hoses that are used in conveying materials in factories and transferring fluids in automotive systems.

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Global Polybutadiene Market Trends and Drivers:

At present, there is a rise in the demand for high-quality tires due to the growing number of vehicles around the world. This, along with the increasing utilization of polybutadiene in tire production on account of its elasticity and durability, represents one of the key factors supporting the growth of the market. Besides this, the replacement rate of tires is rising as people are becoming more conscious about safety and performance of the vehicle, which is contributing to the growth of the market. In addition, ongoing innovations in tire technology, such as the development of high-performance and eco-friendly tires, require the use of specialized polybutadiene grades. Key manufacturers are continually seeking ways to improve tire performance, which is stimulating the growth of the market. Apart from this, polybutadiene is used in the production of low rolling resistance tires, which contributes to improved fuel economy. As environmental concerns and regulations are encouraging the adoption of greener transportation options, the demand for these tires is rising across the globe. Moreover, the industrial sector relies on polybutadiene for applications, such as conveyor belts, hoses, and seals. This, along with the increasing number of infrastructure development projects, including road construction, is propelling the demand for industrial belts and hoses, thereby impelling the growth of the market. In line with this, the flexibility and wear resistance of polybutadiene is making it an ideal choice for consumer goods like sporting equipment, footwear, and toys.

Global Polybutadiene Market 2024-2032 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 (2018-2023)
  • Market Outlook (2024- 2032)
  • 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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