Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

 

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 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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