Polybutadiene Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (High CIS Polybutadiene, Low CIS Polybutadiene, High Vinyl Polybutadiene, and High Trans Polybutadiene) and By Application (Tires, Polymer Modification, Industrial Rubber Manufacturing, Chemicals and Others (sporting goods and footwear), and Region Forecast 2019-2030  

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 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 market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities).