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Global Polybutadiene Market to Grow at a CAGR of 4.7% During 2021-2026, Aided by the Increased Demand for High-Performance Tyres in the Automobile Industry

According to a new report by EMR titled, ‘Global Polybutadiene Market Report and Forecast 2021-2026’, the market reached a value of around USD 4.6 billion in 2020. It is expected to witness a moderate growth in the forecast period, growing at a CAGR of 4.7% between 2021 and 2026 to attain USD 6.1 billion by 2026.

The global polybutadiene industry is being driven by the heightened demand for high-performance tyres in the automobile industry worldwide. This growth can be attributed to the rising global population and the resultant trends of urbanisation, which are driving the demand for automobiles among consumers to fulfill their transportation needs. In addition, the heightened demand for industrial rubber is also a major factor contributing to the market growth. Moreover, the increased investments in the development and research of polybutadiene production by the leading manufacturers impacted the industry growth significantly.

The growing focus of the leading players to enhance their capabilities and production capacity is estimated to positively stimulate the industry growth in the forecast period. In a press release issued by Goodyear (NASDAQ: GT), dated June 2021, Goodyear announced its successful acquisition of Cooper Tire & Rubber Company. This merger brings together two leading tyre manufacturers with complementary portfolios, which would help strengthen their capabilities and services in the global tyre industry. In addition, this merger will provide consumers with a diverse option across a value spectrum, increasing their product accessibility across the world. Such developments are expected to attract more investments and create an efficient and diverse range of tyres with multifaceted application potential, which, in turn, is predicted to significantly contribute to the growth of the polybutadiene industry in the forecast period. In another case, in the historical period, Lanxess AG (OTCMKTS: LNXSF), one of the leading polybutadiene manufacturers, inaugurated its neodymium polybutadiene rubber (Nd-PBR) plant in Singapore to meet the rising consumer demand for green tyres.

Market Breakup by Product, Application, and Region:

  • The market is segmented based on product into high cis polybutadiene, low cis polybutadiene, high trans polybutadiene, and high vinyl polybutadiene. 
  • On the basis of application, the market can be distributed into tyre manufacturing, polymer modification, and industrial rubber manufacturing.
  • Region-wise, the global market for polybutadiene can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for polybutadiene is being driven by the increased demand for high-end tyres worldwide.
  • The demand for industrial rubber has also significantly contributed to the market expansion. 
  • The growing investments in the R&D of polybutadiene manufacturing are also aiding the industry growth. 
  • The rising technological advancements to create bio-polybutadiene synthetic rubber are expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for polybutadiene for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the products, applications, and major regions of polybutadiene.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global polybutadiene market are Lanxess AG, JSR Corporation, UBE Industries Ltd, Versalis S.P.A, and 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.

About Us:

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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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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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