Press Release
Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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:
Key Findings of the Report:
Key Offerings of the Report:
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.
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 a 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.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.