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 type of synthetic elastomeric rubber manufactured using anionic or coordination processes to polymerize butadiene monomers. It is available in solid and liquid forms and is often combined with natural rubber (NR) and styrene-butadiene rubber for the production of various items like conveyor belts, automotive parts, tire carcasses, sportswear, under-treads, and sidewalls. PBR boasts several advantages, including low vinyl content, low glass transition temperatures, high elasticity, water and abrasion resistance, as well as low transition temperatures. In the present day, PBR is extensively utilized in chemical, polymer modification, and industrial rubber applications.
Polybutadiene Market Trends and Drivers:
The construction sector’s significant expansion is the main driver of the market. Furthermore, the increased use of polybutadiene rubber (PBR) in the production of building materials like adhesives, sealants, and roofing products is contributing to market growth. Additionally, the rising demand for liquid PBR in the manufacturing of various items such as rubber bands, shoes, coatings, belts, elastomers, and hoses is accelerating product adoption. Moreover, the widespread use of PBR in the automotive industry to manufacture tires that offer long life, low consumption rate, and high resistance to wear and tear is another major growth factor. Additionally, the introduction of Lanxess’s Buna CB 21, a highly elastic and viscous grade of neodymium-polybutadiene rubber that reduces fuel consumption and lowers carbon dioxide (CO2) emissions, is also creating a positive market outlook.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/polybutadiene-market/requestsample
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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