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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Polybutadiene Market size was valued at US$ 11.2 billion in 2023 and is expected to reach US$ 16.34 billion by 2030, at a CAGR of 6.2% from 2024-2030. Polybutadiene is a polymer made by 1, 3-butadiene polymerization. It's a synthetic rubber that's usually used to make tires, but it's also used to make polystyrene and ABS more resistant (acrylonitrile butadiene styrene). Polybutadiene is also used in the manufacture of golf balls and the covering of electronics. Polybutadiene's high resistance is a crucial factor driving up demand in tire manufacturing plants. The increase in the major applications of polybutadiene in various applications such as tires, chemicals, polymer alteration, and industrial rubber goods fuelling the market growth, and the technological advancement for new innovations and high-quality products boosts the growth of the polybutadiene market. However, High capital cost of raw materials, lack of trained professionals to operate, difficulty in finding suitable polybutadiene, crude oil production, and environmental concerns are the major factors that hinder the growth of the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global polybutadiene market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities).
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
EuropeFastest Growing Market
Asia-Pacific
Exceptional properties such as abrasion resistance, high elasticity & flexibility, tremendous rolling resistance, low glass transition temperature and excellent process ability make polybutadiene an excellent choice for manufacturing of tires in automobile industries. Nearly 70% of world production of polybutadiene is used in tyre manufacturing. Additionally due to its excellent resiliency it is also used in manufacturing of footwear’s, soft toys and sports goods. Polybutadiene provide physical protection and reduce abrasion of surface by keeping the medium circulated. They are manufactured from natural and synthetic materials, generally additives are increase the physical strength. Technological advancements, rising disposable incomes and various research and development are some of the key factors which are rising the demand of the polybutadiene market.
Asia Pacific accounted for larger revenue share in global polybutadiene market with considerable CAGR. The growth in this region, especially in emerging economies such as India and China can be attributed to rising in the usage of polybutadiene in manufacturing industries such as automobile and chemical industries. Additionally, growing economy, foreign investment and availability of low-cost labors. European market dominates by manufacturing industries and high foreign investment. In North America polybutadiene is largely driven by the urbanizations, and skilled manpower, increase in disposable incomes.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 11.2 billion |
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Market Size in 2030 |
US$ 16.34 billion |
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Market CAGR |
6.2% |
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By Manufacturing Type |
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By Form |
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The polybutadiene market size was valued at US$ 11.2 billion in 2023
The polybutadiene market key players are: ARALNXEO JSR Corporation UBE Industries Ltd. Kumho Petrochemical Co. Ltd. The Goodyear Tire & Rubber Company Saudi Arabia Basic Industries Corporation (SABIC) Reliance Industries Limited LG Chem Ltd. Versalis S.p.A PJSC SIBUR Holding China Petroleum & Chemical Corporation (Sinopec) Kuraray Co. Ltd. Synthos S.A. Trinseo S.A. Total Cray Valley Zeon Corporation
The polybutadiene market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.