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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 (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Polybutadiene Market Outlook

The global polybutadiene market stood at a value of around USD 4.6 billion in 2020. The market is further expected to grow at a CAGR of 4.7% in the forecast period of 2021-2026 to attain a value of USD 6.1 billion by 2026.

 

Global Polybutadiene Market

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Increasing Demand for High Cis Polybutadiene to Augment the Growth of the Global Polybutadiene Industry

Based on product, the high cis polybutadiene segment is predicted to hold a substantial market share in the polybutadiene industry. 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 Industry

The Asia Pacific is estimated to possess a significant share of the polybutadiene industry in the forecast period. This increase can be attributed to the increasing 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 industry 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: Industry Definition and 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 elastomers, 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 about 70% of the production. Another 25% is utilised as an additive to enhance the toughness of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS). It is also utilised in the manufacturing of golf ball cores, elastic objects, and also to encapsulate electronic assemblies, providing high electrical resistivity.

 

Global Polybutadiene Market By Application

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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 industry 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.

 

Global Polybutadiene Market By Region

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Heightened Adoption of Polybutadiene in High-End Tyre Manufacturing to Bolster the Growth of the Global Polybutadiene Industry

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 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. These tyres offer ultimate grip, enhanced cornering, and improved dry braking, which is estimated to enhance the driving experience for the consumers. Such developments are expected to drive the market growth in the coming years. Moreover, increased investments in the research and development of polybutadiene production are also projected to positively impact the market growth. For instance, in a press release dated February 2019, SIBUR announced its plans to launch an investment project to enhance the production efficiency of polybutadiene rubber at its Voronezh facility in Russia.

However, environmental concerns and sustainability initiatives are posing a threat to the polybutadiene industry growth. 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.

 

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:

  • Lanxess AG
  • JSR Corporation
  • UBE Industries,Ltd.
  • Versalis S.P.A
  • 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 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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 Lanxess AG, JSR Corporation, UBE Industries,Ltd., Versalis S.P.A, 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.

 

*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.

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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Polybutadiene Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Polybutadiene Historical Market (2016-2020) 
    8.3    Global Polybutadiene Market Forecast (2021-2026)
    8.4    Global Polybutadiene Market by Product
        8.4.1    High CIS Polybutadiene
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Low CIS Polybutadiene
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    High Vinyl Polybutadiene
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    High Trans Polybutadiene
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
    8.5    Global Polybutadiene Market by Application
        8.5.1    Tyre Manufacturing
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Polymer Modification
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Industrial Rubber Manufacturing
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Polybutadiene Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Lanxess AG
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    UBE Industries, Ltd.  
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3     JSR Corporation.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Versalis S.p.a
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Polybutadiene Market: Key Industry Highlights, 2016 and 2026
2.    Global Polybutadiene Historical Market: Breakup by Product (USD Million), 2016-2020
3.    Global Polybutadiene Market Forecast: Breakup by Product (USD Million), 2021-2026
4.    Global Polybutadiene Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Polybutadiene Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Polybutadiene Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Polybutadiene Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Polybutadiene Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Polybutadiene Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Polybutadiene Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Polybutadiene Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Polybutadiene Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Polybutadiene Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Polybutadiene Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Polybutadiene Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Polybutadiene Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Polybutadiene Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Polybutadiene Market Structure

Key Questions Answered in the Report

In 2020, the global polybutadiene market attained a value of nearly USD 4.6 billion.

The market is projected to grow at a CAGR of 4.7% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 6.1 billion by 2026.

The major drivers of the industry, such as the 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, are expected to aid the market growth.

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

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

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

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

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

Analyst Review

The global polybutadiene market attained a value of USD 4.6 billion in 2020, 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 2021-2026, growing at a CAGR of 4.7%. The market is projected to reach USD 6.1 billion by 2026.

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 industry 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 Lanxess AG, JSR Corporation, UBE Industries Ltd, Versalis S.P.A, and 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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