Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Polybutadiene Market Outlook

The global polybutadiene market stood at a value of USD 7.30 billion in 2023 and expected to grow at a CAGR of 4.2% in the forecast period of 2024-2032 to attain a value of USD 10.60 billion by 2032.

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 Vinyl Polybutadiene
  • High Trans Polybutadiene
Breakup by Application
  • Tyre Manufacturing
  • Polymer Modification
  • Industrial Rubber Manufacturing
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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Polybutadiene Market Report Snapshots

Polybutadiene Market Size

Polybutadiene Market Share

Polybutadiene Market Growth

Polybutadiene Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global polybutadiene market attained a value of USD 7.30 billion.

The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10.60 billion by 2032.                              

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.

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

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

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