Polybutadiene, commonly known as polybutadiene rubber, has emerged as a game-changer in the production of synthetic tires. Renowned for its remarkable attributes like high resistance, excellent abrasion resistance, and fuel efficiency enhancement, polybutadiene stands as the second-largest component in synthetic rubber production, following styrene butadiene rubber (SBR). With almost 70% utilization in tire manufacturing and 30% serving as an enhancer for polymers like ABS and polystyrene, polybutadiene’s versatility is evident. This rubber’s adaptability extends even to niche applications like soft toys and golf balls due to its superior resiliency.
The solid and liquid polybutadiene forms cater to distinct market needs, with solid polybutadiene divided into four subtypes—high cis, low cis, high trans, and high vinyl—based on the catalysts employed during production. Neodymium and cobalt yield high cis derivatives known for their growth potential in industries due to exceptional toughness, abrasion resistance, and resistance to cracking. This derivative, offering enhanced cut growth resistance and green strength, is poised for significant expansion in the foreseeable future.
As per the recent research conducted by a leading market insights provider FMI, the global Polybutadiene market size will expand at a healthy CAGR over the forecast period between 2023 and 2027. The aim of this study is to analyze key market dynamics affecting the sales of Polybutadiene and provide vital insights to business owners to get benefited from forthcoming opportunities.
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The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Polybutadiene Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Polybutadiene market.
Key Polybutadiene Market Takeaways and Projections
- The US will lead the North America Polybutadiene market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Polybutadiene market. It also profiles a list of prominent companies including
- Lanxess AG
- Synthos S.A
- UBE Industries, Ltd.
- JSR Corporation
- Versalis S.P.A
- Reliance Industries Limited
- Trinseo S.A
- PJSC Sibur Holdings
- Kumho Petrochemical Co. Ltd
- SABIC
- Taiwan Synthetic Rubber Corporation
- Shazand Petrochemical Corporation
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Key Segments Profiled in the Polybutadiene Industry Survey
On the basis of Product type, the polybutadiene market can be segmented as:
- Solid Polybutadiene
- High Cis Polybutadiene
- Low Cis Polybutadiene
- High Vinyl Polybutadiene
- High Trans polybutadiene
- Liquid Polybutadiene
On the basis of Application, the polybutadiene market can be segmented as:
- Tire Manufacturing
- Industrial Rubber Manufacturing
- Polymer Modification
- Chemical
- Others
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Polybutadiene market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Polybutadiene market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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