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Polybutadiene Market Overview
The Polybutadiene Market size is expected to grow from USD 10.8 billion in 2019 to USD 13.8 billion by 2024, at a CAGR of 5.1% during the forecast period. The research study report provides Industry Trends, Share, Size, Growth, Opportunity, drivers, restraints, dynamics, key players, SWOT analysis & forecast. The Polybutadiene Market report provides analysis by Type (Solid Polybutadiene (High Cis, Low Cis, High Trans, High Vinyl), Liquid Polybutadiene), Application (Tires, Polymer modification, Industrial rubber, Chemical) & Region. The demand for polybutadiene in the automotive industry for manufacturing tires is expected to be driven by the growing automotive sales, mainly in the Asian countries such as China and India. The Polybutadiene Market report provides a detailed information about business strategies, recent developments and mergers and acquisitions among major key manufacturers. The bottom-up approach is used to estimate the market size by value and volume. The data has been collected through primary and secondary research methods. Primary research includes industry expert's opinions, telephonic interviews with senior research analysts whereas information from paid databases, annual reports and white papers from organizations has been gathered in secondary. The data further analysed by tools such as qualitative and quantitative analysis.
Emerging economies such as China, India, Indonesia, and Thailand are experiencing high demand for polybutadiene. Increasing disposable income, huge consumer base, rising urban population, low labour costs, and easy availability of raw materials are attracting global automobile manufacturers to shift their production facilities to the region, thus, creating a high demand for polybutadiene in this region.
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Polybutadiene Market Key Players
ARLANXEO is one of the leading players in the polybutadiene market. The company has been focusing on expansion and collaboration strategies to maintain its leading position in the market.
ARLANXEO is one of the world’s leading manufacturers in the polybutadiene market with a strong product portfolio and geographic presence across major regions. The company has established competitiveness through significant spending on R&D to develop new and advanced products in the market. Furthermore, the company is collaborating with other organizations to meet varied requirements of the customers. It has aggressive expansion plans to develop new products. It has established a strong reputation in the polybutadiene market.
Polybutadiene Market Segmentation
Polybutadiene Market Segmented by type, application, and region
Polybutadiene Market, by Types:
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High cis segment of solid polybutadiene is expected to grow at the highest CAGR in the polybutadiene market 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. High cis polybutadiene is widely used in tires, polymer modification, and industrial rubber goods. It is a type of polybutadiene that provides high abrasion and rolling resistance. They are less susceptible to cracking.
The solid polybutadiene segment is projected to account for the 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.
Polybutadiene Market, by Application:
Polybutadiene Market, by region:
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APAC is expected to hold the largest market size in the global polybutadiene market 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. Various manufacturers from developed regions are shifting their manufacturing units to APAC because of the availability of raw materials, low labor cost, and favorable government policies in emerging markets such as India, Indonesia, and Thailand. Furthermore, economic growth, rising population, and growing urbanization are the important drivers of the global polybutadiene market in APAC region.
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