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The global polybutadiene market is being driven by the heightened demand for high-performance tyres in the automobile market 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 market growth significantly.
The growing focus of the leading players to enhance their capabilities and production capacity is estimated to positively stimulate the market 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 market. 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 market 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.
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The major players in the global polybutadiene market are ENEOS Corporation, ARLANXEO Holding B.V., UBE Corporation, Reliance Industries Limited, Versalis SpA, 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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