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The latest research study “Polybutadiene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global polybutadiene market reached a value of US$ 4.88 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.37 Billion by 2027, exhibiting a CAGR of 4.30% during 2022-2027.
What is Polybutadiene? How Big is Polybutadiene Market?
Polybutadiene represents a synthetic elastomer or rubber formed by radical polymerization of multiple butadiene monomers to make a long polymer chain molecule. It can be categorized into several product types, such as high cis polybutadiene, low cis polybutadiene, high trans polybutadiene, etc. These polybutadiene products have excellent resistance to abrasion, ensure high elasticity, reduce heat buildup, and lower hysteresis loss. They are even used as an additive to improve the impact resistance of plastics, including polystyrene, high-impact polystyrene (HIPS), and acrylonitrile butadiene styrene (ABS). As a result, polybutadiene rubber variants find extensive applications in numerous sectors, such as tire, automotive, chemical, industrial rubber manufacturing, and more.
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Market Trends and Drivers:
The elevating sales of vehicles across the globe and the growing demand for high-performance tires are among the key factors driving the polybutadiene market. Additionally, the escalating product adoption in the automobile industry to manufacture gaskets, belts, inner tubes of hoses, etc., owing to their resistance to low temperatures, is acting as another significant growth-inducing factor.
Furthermore, the expanding construction sector and the increasing usage of polystyrene plastics as an insulated panel system for roofs, walls, and concrete floors in commercial and residential buildings are also positively influencing the global market. Apart from this, the rising need for an alternative to natural rubber in the production of golf ball cores and for encapsulating electronic assemblies to provide enhanced electrical resistivity is also expected to catalyze the polybutadiene market in the coming years.
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Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product, Type, Industry Vertical and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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.).
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market 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.).
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