Global Polybutadiene Market Overview 2023-2028

The global polybutadiene market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Polybutadiene, a synthetic rubber polymer, boasts exceptional elasticity, durability, and resistance to wear and tear. Its creation involves polymerizing butadiene monomers, and it can be further processed into various forms, such as solid sheets, molded components, and liquid dispersions. This versatile material finds widespread application across diverse industries, including automotive, construction, electronics, and consumer goods. Thanks to its high tensile strength and low glass transition temperature, it proves ideal for applications demanding flexibility and impact resistance. Additionally, its adhesive properties, electrical insulation, and resistance to abrasion and chemicals have led to a growing global demand for polybutadiene.

Global Polybutadiene Market Trends and Drivers:

The market is experiencing significant growth primarily due to the automotive industry’s expansion and the escalating utilization of polybutadiene in tire manufacturing. Polybutadiene is favored for its exceptional wear resistance and low rolling resistance properties, making it a pivotal driving force. Moreover, the surging sales of both passenger and commercial vehicles are fueling this market expansion. Furthermore, market players are increasingly prioritizing sustainability and eco-friendly materials to mitigate harmful emissions and promote environmental well-being, leading to a rising demand for bio-based and renewable polybutadiene alternatives. Additionally, advancements in polymerization technologies and the production of specialized polybutadiene grades with improved characteristics and operational efficiency are contributing significantly to the market’s growth.

Global Polybutadiene Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Evonik Industries AG (RAG-Stiftung), JSR Corporation, Kumho Petrochemical Co. Ltd., Kuraray Co. Ltd., Lanxess AG, Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Basic Industries Corporation (Aramco Chemicals Company), Synthomer PLC, Synthos (Ftf Galleon S.A.), UBE Corporation and Versalis (Eni S.p.A.).

The report segmented the market on the basis of region, product, type and industry vertical.

Breakup by Product:

• High Cis Polybutadiene
• Low Cis Polybutadiene
• High Trans Polybutadiene
• High Vinyl Polybutadiene

Breakup by Type:

• Solid Polybutadiene Rubber
• Liquid Polybutadiene Rubber

Breakup by Industry Vertical:

• Tire
• Automotive
• Chemical
• Industrial Rubber Manufacturing
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

134 N 4th St. Brooklyn, NY 11249, USA

Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800