- High CIS Polybutadiene
- Low CIS Polybutadiene
- High Vinyl Polybutadiene
- High Trans Polybutadiene
Polybutadiene Market size was valued at USD 10.9 billion in 2022 and is expected to reach USD 15.34 billion by 2029, at a CAGR of 5.0% from 2023-2029. 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).
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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.
The polybutadiene market size was valued at USD 10.9 billion in 2022
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.