Global Polybutadiene Rubber Market 2018-2022
About Polybutadiene Rubber
BR is the second largest type of synthetic rubber produced, in terms of volume, and is produced by the polymerization of butadiene, a monomer. It exhibits properties such as high resistance to wear and abrasion, high elasticity, and low temperature.
Technavio’s analysts forecast the global polybutadiene rubber market to grow at a CAGR of 5.82% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global polybutadiene rubber market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polybutadiene Rubber Market 2018-2022
Technavio recognizes the following companies as the key players in the global polybutadiene rubber market: JSR, KUMHO PETROCHEMICAL, LANXESS, SIBUR, and Versalis.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for bio-based feedstock. The use of bio-based feedstock in the production of synthetic rubber is one of the rising trends. The development of renewable chemicals for the production of rubber is growing rapidly on the grounds of achieving sustainability.”
According to the report, one driver in the market is increasing demand from the automotive industry. The automotive industry is one of the key end-user industries of BR. The automotive sector in the BR market contributes to the market with the maximum share, in terms of consumption. It is used in the industry for the production of tires.
Further, the report states that one challenge in the market is fluctuation in the prices of raw materials. Consistent price fluctuations of raw materials used in the production of BR poses a challenge to the manufacturers of BR. BR is a polymer that is synthesized by the polymerization of the monomer 1, 3-butadiene, the prices of which have an impact on that of BR. Butadiene is entirely derived as a by-product of ethylene steam cracking of gas oil or naphtha feedstocks.
JSR, KUMHO PETROCHEMICAL, LANXESS, SIBUR, and Versalis.
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