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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 (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.
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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.
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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.
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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.
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 Industry Opportunities and Challenges
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 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Low CIS Polybutadiene
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 High Vinyl Polybutadiene
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 High Trans Polybutadiene
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Polybutadiene Market by Application
8.5.1 Tyre Manufacturing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Polymer Modification
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Industrial Rubber Manufacturing
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
9.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.2.2 Forecast Trend (2023-2028)
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 Spain
9.2.3.5 Italy
9.2.3.6 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
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 South Korea
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.5 Colombia
9.4.3.6 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 Iran
9.5.3.3 South Africa
9.5.3.4 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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 400220)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ENEOS Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 ARLANXEO Holding B.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 UBE Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Reliance Industries Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Versalis SpA
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
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
In 2021, the global polybutadiene market attained a value of USD 7 billion.
The market is projected to grow at a CAGR of 4.30% between 2023 and 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.
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.
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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