The global polybutadiene rubber market is estimated to witness a healthy growth, at an estimated CAGR of over 4 %, over the forecast period. The major factors driving the growth of the market studied are growing demand from the automotive and transportation sector.
Key Market Trends
Increasing Demand from Tires Manufacturing
Asia-Pacific Region to Dominate the Market
Competitive Landscape
The polybutadiene rubber market is partially consolidated in nature. Some of the major players in the market include ARLANXEO, JSR Corporation, LANXESS, UBE INDUSTRIES LTD, and ZEON CORPORATION among others.
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- Increasing demand from countries in the Asia-Pacific region is likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Key Market Trends
Increasing Demand from Tires Manufacturing
- Butadiene is used in the manufacturing of synthetic rubbers and elastomers that include polybutadiene rubber (PBR), styrene butadiene rubber (SBR), nitrile rubber (NR), and polychloroprene (Neoprene), all of which are used in the production of other goods and materials.
- PBR is used in the production of tires. Polybutadiene is largely used in the manufacturing of automobile tires. It has been estimated that the manufacturing process of tires consumes about 70% of the world production of polybutadiene. It is primarily used as a sidewall in tires to improve fatigue caused by continuous flexing during run. In addition, butadiene also finds various applications in other automobile parts as well.
- Polybutadiene provides benefits of low rolling resistance and high resistance to wear, in turn, providing tires long life and low fuel consumption rate.
- The automotive industry is on the brink of a revolution, and polybutadiene rubber is poised to play a major role in it.
- The application of butadiene-based rubber in automobiles is constantly increasing, and this trend is expected to continue during the forecast period. Moreover, the application of these materials allows more freedom in design and offers safe geometrical and economic solution for the construction of parts.
- Owing to all the aforementioned factors, the market for polybutadiene rubber is likely to grow during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific has dominated the polybutadiene rubber market owing to the high demand from countries like India and China.
- In the Asia-Pacific region, China accounts for the lion share of the region’s polybutadiene rubber market. China had become the global largest producer, consumer, and importer of polybutadiene rubber, in the recent years.
- Being a developing country, rapid industrialization is taking place in China, which has, in turn, led to a huge demand for polybutadiene rubber in various end-user industries.
- Besides the growth of the automotive and footwear industries, China has a massive and growing market for sex dolls. This is also a major driver for the polybutadiene rubber market.
- The aforementioned factors are expected to boost the growth of the polybutadiene rubber market in the region, during the forecast period.
Competitive Landscape
The polybutadiene rubber market is partially consolidated in nature. Some of the major players in the market include ARLANXEO, JSR Corporation, LANXESS, UBE INDUSTRIES LTD, and ZEON CORPORATION among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format.
- Report customization as per the client's requirements.
- 3 months of analyst support.
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ARLANXEO
- JSR Corporation
- KUMHO PETROCHEMICAL
- LANXESS
- LG Chem
- Reliance Industries Limited
- SABIC
- SIBUR International
- Synthos
- Trinseo
- UBE INDUSTRIES LTD
- ZEON CORPORATION
Methodology
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