The latest report by IMARC Group, titled “Polybutadiene Market Report by Product (High Cis Polybutadiene, Low Cis Polybutadiene, High Trans Polybutadiene, High Vinyl Polybutadiene), Type (Solid Polybutadiene Rubber, Liquid Polybutadiene Rubber), Industry Vertical (Tire, Automotive, Chemical, Industrial Rubber Manufacturing, and Others), and Region 2024-2032“, The global polybutadiene market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.78% during 2024-2032.
Polybutadiene rubber, also known as PBR, is a man-made elastic material created by polymerizing butadiene monomers using anionic or coordination methods. It exists in both solid and liquid states and is often combined with natural rubber (NR) and styrene-butadiene rubber to manufacture a variety of products including conveyor belts, automotive parts, tire components, sportswear, under-treads, and sidewalls. Its advantages include minimal vinyl content, low glass transition temperatures, high flexibility, as well as resistance to water, wear and tear, and extreme temperatures. In the present day, PBR is extensively utilized in the production of chemical substances, modified polymers, and industrial rubber goods.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/polybutadiene-market/requestsample
Polybutadiene Market Trends and Drivers:
The construction industry is a key driver of the market, with a significant expansion noted. The use of polybutadiene rubber (PBR) in creating building materials like adhesives, sealants, and roofing products is fueling market growth. Additionally, the rising demand for liquid PBR in various applications such as rubber bands, shoes, coatings, belts, and hoses is driving its adoption. The automotive sector's increasing reliance on PBR to manufacture durable tires with high resistance to wear and tear is another important factor contributing to market growth. Furthermore, the introduction of Lanxess' Buna CB 21 - a neodymium-polybutadiene rubber grade that enhances fuel efficiency and reduces carbon dioxide emissions - is positively impacting the market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market 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
Competitive Landscape with Key Player:
- 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
- Versalis (Eni S.p.A.)
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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