Increasing demand for tire from the automobile industry is expected to drive the overall polybutadiene market The polybutadiene market size is expected to grow from USD 10.8 billion in 2019 and to USD 13.8 billion by 2024, at a CAGR of 5.1% during the forecast period. The polybutadiene market is driven by tire, polymer modification, and industrial rubber manufacturing industries. However, the fluctuating raw material prices can hinder the growth of the market.
The solid polybutadiene segment is projected to account for largest market share during the forecast period Solid polybutadiene accounts for the larger share than liquid polybutadiene rubber, as it is widely in tire manufacturing.The use of solid polybutadiene rubber in other applications such as polymer modification, sporting goods, industrial rubber goods manufacturing, and footwear products is also driving its consumption.
The growing demand for improved performance and low rolling-resistance tires is expected to provide growth opportunities for the polybutadiene market.
The high cis segment of solid polybutadiene is expected to hold the largest market share during the forecast period The high cis segment is projected to be the most-widely used solid polybutadiene rubber type due to its extensive use in diversified end-use industries.This type of polybutadiene largely goes into the production of tires.
It is a type of polybutadiene that provides high abrasion and rolling resistance.It is less susceptible to cracking.
High cis polybutadiene is, therefore, widely used in tires. It is also used in other industries such as polymer modification and industrial rubber goods.
APAC is expected to record the highest growth rate during the forecast period APAC is expected to account for the largest value share of the global polybutadiene market in 2019.The market is primarily driven by the strong demand from the automotive industry.
China is expected to boost the demand for polybutadiene during the forecast period.The polybutadiene market in North America and Europe is projected to witness moderate growth during the forecast period.
This is attributed to the maturity of the major industries consuming polybutadiene in these regions and stringent government regulations regarding its use. The market in the Middle East & Africa, due to its rapidly growing end-use industries such as tires, polymer modification, and industrial rubber goods, is projected to register the second-highest CAGR, in terms of value, between 2019 and 2024.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the polybutadiene market. • By Company Type - Tier 1: 42%, Tier: 25%, and Tier 3: 33% • By Designation - C Level: 36%, Managers: 19%, Others: 45% • By Region – Europe: 42%, North America: 25%, APAC: 17%, South America: 8%, Middle East & Africa: 8%
The major players in the polybutadiene market are ARLANXEO (Netherlands), JSR Corporation (Japan), UBE Industries Ltd. (Japan), SABIC (Saudi Arabia), LG Chem Ltd. (South Korea), Versalis SPA (Italy), PJSC SIBUR Holdings (Russia), Sinopec (China), and Kuraray Co. Ltd. (Japan). are some of the major manufacturers in the polybutadiene market. The study includes in-depth competitive analysis of these key players in the polybutadiene market, with their company profiles, recent developments, and key market strategies.
Research Coverage: The report covers the polybutadiene market based on type, application, and region.This study aims at estimating the size and future growth potential of the market across various segmentation types.
It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
Key Benefits of Buying the Report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall polybutadiene market and the sub-segments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Our reports have been used by over 10K customers, including:
Breathable films market expected to register CAGR of 8.2% during the forecast period The breathable films market size is estimated to be USD 2.2 billion in 2019 and is projected to reach USD 3.3 billion by 2024, at a CAGR of 8.2% between 2019 and 2024. Breathable films are thin, microporous or monolithic films that are...
204 pages •
By Asia Market Information & Development Company
• Jul 2019
China’s demand for Styrene Butadiene Rubber (SBR) has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export,...
The large-scale and growing demand from rubber application is driving the market, globally. The global zinc oxide market size is estimated to grow from USD 4.4 billion in 2019 and to USD 5.7 billion by 2024, at a CAGR of 5.4% during the forecast period. The market is driven by the large-scale and growing use of zinc oxide (ZnO) in application...
Styrene Butadiene Rubber Market, Size, Share, Outlook and Growth Opportunities 2019-2025 Styrene Butadiene Rubber market outlook report presents key insights into global Styrene Butadiene Rubber markets and companies with emphasis on market size, growth factors, R&D investments, market shares and 2019 market dynamics. The...
Market Overview The polytetrafluoroethylene (PTFE) market is expected to grow at a CAGR of 5.13% during the forecast period. The major factors driving the growth of the market studied are the supreme chemical resistance and thermal characteristics, growing demand for non-stick cookware and increasing applications in the...
The increasing environmental regulations resulting in the use of better polyurethane material is expected to drive the market. The global polycarbonate diols market size is estimated at USD 200 million in 2019 and is projected to reach USD 255 million by 2024, at a CAGR of 5.0%. Polycarbonate diol has been extensively used to produce several...
190 pages •
By Asia Market Information & Development Company
• Jul 2019
China’s demand for Polybutadiene Rubber has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
Polychloroprene Elastomer Market, Size, Share, Outlook and Growth Opportunities 2019-2025 Polychloroprene Elastomer market outlook report presents key insights into global Polychloroprene Elastomer markets and companies with emphasis on market size, growth factors, R&D investments, market shares and 2019 market dynamics. The...
Polyisoprene Elastomers Market, Size, Share, Outlook and Growth Opportunities 2019-2025 Polyisoprene Elastomers market outlook report presents key insights into global Polyisoprene Elastomers markets and companies with emphasis on market size, growth factors, R&D investments, market shares and 2019 market dynamics. The...
Global Acrylonitrile-Butadiene-Styrene (ABS) Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants Summary Asia is set to lead capacity growth in the global Acrylonitrile-Butadiene-Styrene (ABS) industry from planned and announced projects...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.