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Global Polybutadiene Market is Expected to Grow at a CAGR of 5.1% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Polybutadiene Market Report and Forecast 2021-2026’, the global polybutadiene market attained a value of about USD 5.3 billion in 2020. The industry is further expected to grow at a CAGR of 6% in the forecast period of 2021-2026 to reach a value of USD 7.51 billion by 2026.

The global polybutadiene market is dominated by the Asia Pacific region. The region is anticipated to remain the leading region in the forecasted period. Countries like China and India account for a significant share in the market, with China being a leading importer of butadiene rubber. Other major importers of the butadiene rubber, which includes polybutadiene, in the Asia Pacific region are Thailand, Indonesia, and India. Some of the leading exporters of butadiene rubber in the global market include South Korea and the United States.

The rising use of polybutadiene in the tyre industry has been the key driving factor for the growth of the market. Butadiene rubber, which consists of polybutadiene, finds its primary use in tyre manufacturing. Thus, the expected expansion of the automotive industry in the forecasted period will lead to a huge demand for butadiene rubber in the tyre industry, leading to the growth of the global polybutadiene market.

In the historical period, Lanxess AG (OTCMKTS: LNXSF), one of the key players in the market, inaugurated its neodymium polybutadiene rubber (Nd-PBR) plant in Singapore to meet the rising demand for green tyres by consumers. Such developments have positively influenced the global polybutadiene market and are expected to continue supporting the market growth in the coming years.

Market Analysis by Type, Application, and Region:

  • The market on the basis of type can be divided into solid and liquid polybutadiene rubber.
  • Based on application, the industry can be divided into tyre, polymer modification, industrial rubber manufacturing, chemical, and other sectors.
  • The regional markets for polybutadiene include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Polybutadiene is used in tyre manufacturing, polymer modification, rubber manufacturing, chemicals, and others. The rising demand from these application sectors is propelling the growth of the global polybutadiene market.
  • The increase in the demand of butadiene-based golf balls is also driving the growth of the market.
  • Styrene-butadiene latex, used in the coating of magazines, catalogues, along with other paperboard products, is playing a role in the increasing demand of the product.
  • Polybutadiene is also used in the manufacturing of other vehicular and non-vehicular products such as cables, gaskets, hoses, and other products, which are furthering the growth of the market.
  • Butadiene rubber also serves as a substitute for natural rubber with low-cost and better qualities. Thus, its increasing demand is also catalysing the growth of the global polybutadiene market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global polybutadiene market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, and major regions of polybutadiene.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market and provides an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global polybutadiene market are Lanxess AG, UBE Industries Ltd., JSR Corporation, Saudi Arabia Basic Industries Corporation (SABIC), Versalis S.P.A and Reliance Industries Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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