Global Polybutadiene Market, 2024-2030

Polybutadiene is a synthetic rubber. It is a polymer formed from the polymerization of the monomer 1,3-butadiene. Polybutadiene has a high resistance to wear and is used especially in the manufacture of tire, which consumes about 70% of the production. Another 30% is used as an additive to improve the toughness of plastics such as polystyrene and acrylonitrile butadiene styrene. Polybutadiene forms by linking many 1,3-butadiene monomers to make a much longer polymer chain molecule..

Polybutadiene is classified into high cis BR (HBR) and low cis BR (LBR) on basis of its 1, 4 cis content. High cis Br content is with their 1, 4 cis content more than 94% and has features such as high abrasion resistance, high elasticity, aging resistance and water resistance.

The polybutadiene has a wide area of application including automotive, chemical, and industrial. In automotive it uses for manufacture of tires. Others application such as polymer modification, soft toys, golf balls, sporting goods, industrial rubber goods manufacturing, and footwear products.

The global polybutadiene research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global polybutadiene market is growing at a fast pace and increasing its geographical footprint rapidly. The global polybutadiene market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to huge consumption by automobile tire industry. The major growth driver for polybutadiene market is the high abrasion and rolling resistance properties of polybutadiene.

Polybutadiene enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of polybutadiene market globally. The companies that lead global market are UBE Industries Ltd., SABIC, LG Chem Ltd., Versalis SPA, PJSC SIBUR Holdings, Sinopec, and Kuraray Co. Ltd. Reliance Industries Ltd., Lanxess AG, Kumho Petrochemical Co. Ltd, Synthos S.A, Evonik Industries and Lyondel Basell Industries NV

Research Methodology

The research process includes the market segmentation of the global polybutadiene market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global polybutadiene market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global polybutadiene industry dynamics
• Estimation of the present global polybutadiene market size in terms of value and volume
• Global polybutadiene market breakup based on by type and application
• Verified global polybutadiene market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global polybutadiene industry value chain.

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