Market Overview
The Liquid Polybutadiene Market will acquire USD 5.5 Billion and a growing CAGR of 5.19% in the forecast period between 2020-2027.
The liquid polybutadiene is a highly reactive liquid polymer that gives a solvent-free coating formulation. The growing demand for chemical resistance is accelerating the market. The liquid polybutadiene is in various sectors, mainly in tire and rubber manufacturing. This sector will drive the market in the upcoming years. The latest trend of adopting large-scale bio-based liquid polybutadiene is emerging in the market. This is highly utilized in the manufacturing industry. Moreover, the upsurge of construction activities since the post-lockdown period has brought up growth opportunities in the Liquid Polybutadiene Market.
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The higher usage of plastic in the liquid polybutadiene has increased in recent years, and its consistency will continue in the future. The use of liquid polybutadiene to thermoset the plastic materials, curing, and polyester resins for handling by process contribute to the massive market growth. Governments worldwide have initiated schemes, strategies, and investing in research and development activities to develop the market. The industrial player’s emerging activities like collaboration and partnership are aiding the market. These include the focus on marketing strategies development and improvement of product lines. Due to these growth-enhancing factors, the Liquid Polybutadiene Market is estimated to reach its estimated growth value.
Market Segments
The Liquid Polybutadiene Market is segmented into market segments such as applications and end-use.
The application market segment is classified into chemicals, coatings, polymer modification, protective films, tire manufacturing, industrial rubber, adhesives & sealants, and others. The tire manufacturing segment is expanding due to the massive growth of the automobile sector. Therefore, the tire segment is estimated to notice the largest share in the forecast period.
The end-user segment of the Liquid Polybutadiene Market consists of transportation, industrial, construction, and others.
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Regional Analysis
The Liquid Polybutadiene Market has covered the major regions such as North America, the European Union, Asia Pacific, South America, and the rest of the world with massive sales rates.
The market’s growth in these regions is due to the presence of emerging industrial players along with their developmental activities. With their extensive growth strategies, these players come up with partnerships, expansions, and collaborations, uplifting the global market.
Among these reasons, the Asia Pacific is taking the lead as the dominating regional segment of the market. The region is expected to continue its growth expansion in the future forecast period too. The companies of Asian Pacific countries are organizing workforce and machinery, which is chiefly driving the market.
The European region also shows massive demand for the LPBD market in the coating industries, driving the regional market.
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Industry News
In February 2019, SIBUR announced an investment project to enhance polybutadiene rubber (Nd-BR) production efficiency in its Voronezh facility (Voronezhsintezkauchuk). The project has aimed for a large-scale upgrade to enhance the operational efficiency of the existing facility. This also ensured consistent production of high-quality products. This project has also enabled SIBUR to improve the quality of products produced with improved operational efficiency.
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