According to the latest report by IMARC Group, titled, “Polybutadiene Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global polybutadiene rubber market exhibited moderate growth during 2015-2020 and expects the market to grow at a CAGR of around 5% during 2021-2026.
Polybutadiene rubber refers to an elastomeric artificial rubber manufactured through the coordination or anionic polymerization of butadiene monomers. It is commonly available in liquid and solid variants. Polybutadiene rubber is blended with styrene-butadiene rubber and natural rubber for the production of tires, tire carcasses, under-treads, sidewalls, conveyor belts, automotive components, sportswear, etc. It exhibits various favorable properties, including reduced vinyl content, high elasticity, resistance to abrasion and low temperatures, resilience, etc. Polybutadiene rubber is used as an additive to improve the impact resistance and toughness of rubber-based products. As a result, it finds widespread applications for industrial rubber manufacturing and polymer modification.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Polybutadiene Rubber Market Trends:
Substantial growth in the automotive industry across the globe is driving the polybutadiene rubber market. This rubber is extensively utilized in the production of high-quality components in semi utility vehicles (SUVs) and luxury vehicles to provide enhanced comfort to the user. Furthermore, the rising demand for advanced rubbers and chemical-resistant materials is bolstering the growth of the market. Liquid polybutadiene rubber is used in the manufacturing of elastomers, belts, shoes, hoses, rubber bands, coatings, adhesives, etc. Besides this, numerous product innovations, such as the utilization of bio feedstock for the production of synthetic rubber, are fueling the product demand. Several other factors, including growing expenditure capacities and elevating levels of industrialization, are anticipated to drive the market growth in the coming years.
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Global Polybutadiene Rubber Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Evonik Industries AG, JSR Corporation, Kuraray Co. Ltd., Lanxess AG, LG Chem Ltd., LyondellBasell Industries Holdings B.V., Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Arabia Basic Industries Corporation (SABIC), Synthomer plc, Synthos (FTF Galleon S.A.), The Goodyear Tire & Rubber Company and UBE Industries Ltd.
The report has segmented the market on the basis on region, product, distribution channel and application.
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
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Key highlights of the report:
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