The Polybutadiene Market is expected to grow at > 5.4% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polybutadiene Market
Polybutadiene Market is likely to witness an impressive CAGR of 5.4% during the forecast period. The major factor contributing to the growth of the market for polybutadienes is mainly its increasing demand, majorly from the tire industry.
Asia-Pacific is estimated to be the largest as well as fastest-growing market for polybutadienes during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, which is generating gargantuan demand for polybutadienes and the presence of a large number of polybutadiene manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Polybutadiene Market Share: By Product Type
Based on the product type, the market is segmented as solid polybutadiene and liquid polybutadiene. The solid polybutadiene segment held the larger share of the market in 2019, and is expected to maintain its leading position during the forecast period. The growing demand for improved performance and low-rolling resistant tires is expected to provide higher growth opportunities for this segment.
Polybutadiene Market Share: By Application Type
Based on the application type, the market is segmented as tires, polymer modification, industrial rubber manufacturing, chemicals, and others. The tires segment dominates the market bolstered by the growing automotive industry. Further, high demand for tires in automotive industry and rise in production of motor vehicles are propelling the growth of this segment during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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