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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.
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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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