Polybutadiene Market, [By Type (Solid Polybutadiene Rubber, Liquid Polybutadiene Rubber); By End-User (Automotive, Chemical, Industrial, Others); By Region]: Market Size & Forecast, 2018 – 2026
New York, NY -- (SBWIRE) -- 10/12/2018 -- The Global Polybutadiene Market Generated USD 4.9 Billion In 2017 And Is Anticipated To Grow At A CAGR Of 5.7% During The Forecast Period.
Polybutadiene is an elastomeric synthetic rubber, and a homopolymer of 1,3 Butadiene monomers. Polybutadiene offer advantages such as high abrasion resistance, and low rolling resistance owing to its low glass transition temperature. The major use of polybutadiene is in manufacturing of tires. Polybutadiene is used for production of a wide range of products such as conveyor belts, water hoses, gaskets, and engine belts among others.
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Polybutadiene is increasingly being used in diverse applications owing to growing demand from manufacturing, and automotive industries. The growing urbanization and industrialization has increased the demand for polybutadiene. The increasing demand for passenger vehicles, and modernization of vehicles is expected to further boost the polybutadiene market during the forecast period. There has been an increasing demand for industrial rubber, along with growing use of polystyrene and ABS in production of consumer goods, which further fuels the polybutadiene market growth. Growing demand from emerging economies, and increasing adoption of eco-friendly tires are factors expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Polybutadiene Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in 2017 owing to increasing industrialization, and growing manufacturing sector. The well-established automotive industry and significant growth in vehicle production has resulted in increasing adoption of polybutadiene in the region. Increasing disposable incomes in developing countries of this region, growing automation of industrial processes, increasing applications of polybutadiene, and rising adoption of eco-friendly tires are further expected to support polybutadiene market growth.
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Competitive Landscape and Key Vendors
The global Polybutadiene market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies in the polybutadiene market include China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited, Lanxess AG, Kumho Petrochemical Co. Ltd., The Goodyear Tire & Rubber Company, UBE Industries, Ltd., Synthos S.A., Evonik Industries, and LyondelBasell Industries NV.
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- Solid Polybutadiene Rubber
- Liquid Polybutadiene Rubber
- North America
- Latin America
- Asia Pacific
- Middle East
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