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Global Polybutadiene Market to Grow at a CAGR of 4.1% During 2022-2027, Aided by the Increased Demand for High-Performance Tyres in the Automobile Market

Polybutadiene Market

Global Polybutadiene Market: By Product: High CIS Polybutadiene, Low CIS Polybutadiene, High Trans Polybutadiene, High Vinyl Polybutadiene; By Application: Tyre Manufacturing, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Polybutadiene Market Outlook

The global polybutadiene market stood at a value of USD 7 billion in 2022 and expected to grow at a CAGR of 4.30% in the forecast period of 2023-2028 to attain a value of USD 8.96 billion by 2028.                            

 

Polybutadiene Market

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Increasing Demand for High CIS Polybutadiene to Augment the Growth of the Global Polybutadiene Market

Based on product, the high CIS polybutadiene segment is predicted to hold a substantial market share in the polybutadiene market. This growth can be attributed to the high green strength and cut growth resistance properties exhibited by high cis polybutadiene. In addition, the heightened application of high cis polybutadiene in tyre manufacturing is also expected to positively impact the market growth. Moreover, the low vinyl content makes the high cis polybutadiene material ideal for golf ball cores manufacturing.

The Asia Pacific to Account for a Significant Market Share in the Global Polybutadiene Market

The Asia Pacific is estimated to possess a significant share of the polybutadiene market in the forecast period. This increase can be attributed to the rising population growth in the region, which is catalysing the trends of urbanisation, thus, propelling the demand for automobiles. As tyre manufacturing is one of the significant applications of the product, the growing automobiles market in the region is expected to enhance the demand for polybutadiene. Other factors contributing to the growing demand for automobiles include rising disposable incomes, a huge consumer base, and increased availability of raw materials. Moreover, the heightened utilisation of polybutadiene in the polymer modification process is also predicted to catalyse the market growth in the region.

Polybutadiene: Market Segmentation

Polybutadiene is a synthetic elastomer or rubber made from chemically linking multiple butadiene molecules to form giant molecules or polymers, also known as polymerisation. It is one of the most cost-effective and largest-volume synthetic general-purpose elastomer, which is also used as a substitute for natural rubber. In addition, polybutadiene, by virtue of having high resistance to wearing out, is used especially in the manufacture of tyres, which takes up over 70% of the production. Moreover, it is utilised as an additive to enhance the toughness of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS). It also finds application in the manufacturing of golf ball cores, elastic objects, and also to encapsulate electronic assemblies, providing high electrical resistivity.

 

Polybutadiene Market By Segments

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Based on product, the market is divided into:

  • High CIS Polybutadiene
  • Low CIS Polybutadiene
  • High Trans Polybutadiene
  • High Vinyl Polybutadiene

On the basis of application, the market can be segmented into:

  • Tyre Manufacturing
  • Polymer Modification
  • Industrial Rubber Manufacturing

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Heightened Adoption of Polybutadiene in High-End Tyre Manufacturing to Drive the Growth of the Global Polybutadiene Market

The rising global population and the resultant increase in urbanisation and industrialisation are driving the market demand for automobiles. In this regard, the demand for high-performance tyres is also increasing to ensure a safe driving experience. For instance, in August 2021, Bridgestone Americas announced the release of the Bridgestone Potenza Sport and Bridgestone Potenza RE980AS+ as part of the expansion of the company's bestselling ultra-high performance tyre line. 

Environmental concerns and sustainability initiatives are posing a threat to the polybutadiene market. The rising air pollution level and its drastic impact on the environment and living beings due to butadiene production are an increasing concern, as a result of which, leading manufacturers are now looking for ways to produce bio-based butadiene to counter the negative consequences of petroleum-based products.

 

Polybutadiene Market By Region

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Key Industry Players in the Global Polybutadiene Market

The report gives a detailed analysis of the following key players in the global polybutadiene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ENEOS Corporation
  • ARLANXEO Holding B.V.
  • UBE Corporation
  • Reliance Industries Limited
  • Versalis SpA
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product High CIS Polybutadiene, Low CIS Polybutadiene, High Trans Polybutadiene, High Vinyl Polybutadiene
Breakup by Application Tyre Manufacturing, Polymer Modification, Industrial Rubber Manufacturing
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ENEOS Corporation, ARLANXEO Holding B.V., UBE Corporation, Reliance Industries Limited, Versalis SpA, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Polybutadiene Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Polybutadiene Historical Market (2018-2022) 
    8.3    Global Polybutadiene Market Forecast (2023-2028)
    8.4    Global Polybutadiene Market by Product
        8.4.1    High CIS Polybutadiene
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Low CIS Polybutadiene
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    High Vinyl Polybutadiene
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    High Trans Polybutadiene
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
    8.5    Global Polybutadiene Market by Application
        8.5.1    Tyre Manufacturing
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Polymer Modification
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Industrial Rubber Manufacturing
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)   
    8.6    Global Polybutadiene Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
9    North America Polybutadiene Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Polybutadiene Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Polybutadiene Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Polybutadiene Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Polybutadiene Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data  Analysis (HS Code- 400220)
    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    ENEOS Corporation
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    ARLANXEO Holding B.V.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    UBE Corporation
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Reliance Industries Limited
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Versalis SpA
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.3.6    Others
19    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Polybutadiene Market: Key Industry Highlights, 2017 and 2027
2.    Global Polybutadiene Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Polybutadiene Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Polybutadiene Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Polybutadiene Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Polybutadiene Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Polybutadiene Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Polybutadiene Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Polybutadiene Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Polybutadiene Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Polybutadiene Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Polybutadiene Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Polybutadiene Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Polybutadiene Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Polybutadiene Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Polybutadiene Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Polybutadiene Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Polybutadiene Market Structure

Key Questions Answered in the Report

What was the global polybutadiene market size in 2022?

In 2021, the global polybutadiene market attained a value of USD 7 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.30% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 8.96 billion by 2028.                              

What are the major drivers for the market?

The major drivers for the market include increased demand for polybutadiene in the automotive industry to produce tyres, heightened demand for automobiles worldwide, increasing demand for polybutadiene in the polymer modification process, rising demand for industrial rubber manufacturing, and increased investments in the R&D of polybutadiene production by the leading manufacturers.

What are the key trends in the market?

The key trends aiding the market growth include the heightened demand for high-performance tyres in the automobile industry.

What are the major regional markets of polybutadiene, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant products available in the polybutadiene market?

The significant products available in the market are high CIS polybutadiene, low CIS polybutadiene, high trans polybutadiene, and high vinyl polybutadiene.

What are the major applications of polybutadiene?

The major applications of the product include tyre manufacturing, polymer modification, and industrial rubber manufacturing.

Who are the key players in the market, according to the report?

The key players in the market include ENEOS Corporation, ARLANXEO Holding B.V., UBE Corporation, Reliance Industries Limited, and Versalis SpA, among others.

Analyst Review

The global polybutadiene market attained a value of USD 7 billion in 2022, driven by the increased demand for industrial rubber manufacturing. Aided by the heightened demand for high-performance tyres in the automobile industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.30%. The market is projected to reach USD 8.96 billion by 2028.  

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be distributed into high CIS polybutadiene, low CIS polybutadiene, high trans polybutadiene, and high vinyl polybutadiene. Based on application, the market can be segmented into tyre manufacturing, polymer modification, and industrial rubber manufacturing. The major regional markets for polybutadiene are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ENEOS Corporation, ARLANXEO Holding B.V., UBE Corporation, Reliance Industries Limited, Versalis SpA, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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