Global Polybutadiene Rubber Market Size Study, by Type, by Application, by End-Use Industry, by Production Process, by Grade and Regional Forecasts 2022-2032
The Global Polybutadiene Rubber Market is valued at approximately USD 4.99 billion in 2023 and is anticipated to expand with a steady CAGR of 4.24% over the forecast period 2024-2032Polybutadiene rubber, a high-performance elastomer, is a critical component in various industrial applications due to its superior properties such as high wear resistance, flexibility, and resilience. Widely used in tire manufacturing, it enhances performance by improving abrasion resistance and reducing heat generation. The material's versatility extends to automotive components, belts, hoses, and even footwear production, positioning it as an essential material across industries.
The burgeoning automotive industry, coupled with the escalating demand for durable, lightweight materials, significantly drives the market growth for polybutadiene rubber. With stringent regulations urging automakers to enhance fuel efficiency, the material's low rolling resistance makes it an ideal choice for tire manufacturing. However, market expansion is not without challenges; fluctuating raw material costs and environmental concerns linked to synthetic rubber production could act as potential impediments.
Innovative advancements in production processes, such as solution and emulsion polymerization, are paving the way for more efficient and environmentally friendly manufacturing methods. Furthermore, the rise of sustainable practices in the rubber industry, including the development of bio-based alternatives, creates opportunities for forward-looking market players. Its adaptability to high-performance applications, such as in industrial and construction sectors, continues to underpin its demand globally.
Regionally, Asia Pacific dominates the polybutadiene rubber market, driven by robust growth in the automotive sector, particularly in emerging economies like China and India. North America and Europe follow suit, leveraging advanced manufacturing technologies and rising environmental consciousness. Meanwhile, Latin America and the Middle East & Africa present untapped potential, with increasing infrastructure development and industrialization contributing to growth.
Major market players included in this report are:
LANXESS AG
JSR Corporation
LG Chem Ltd.
Asahi Kasei Corporation
Kumho Petrochemical Co., Ltd.
Sinopec Corporation
Goodyear Tire and Rubber Company
Evonik Industries AG
Versalis S.p.A.
Reliance Industries Limited
UBE Industries, Ltd.
SABIC
Synthos S.A.
Taiwan Synthetic Rubber Corporation (TSRC)
Trinseo S.A.
The detailed segments and sub-segments of the market are explained below:
By Type:
Cis-Polybutadiene Rubber
Trans-Polybutadiene Rubber
By Application:
Tires
Belts and Hoses
Automotive Components
Footwear
Others
By End-Use Industry:
Automotive
Construction
Industrial
Consumer
By Production Process:
Solution Polymerization
Emulsion Polymerization
By Grade:
High-Cis
Medium-Cis
Trans
By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific:
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Middle East & Africa:
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global Polybutadiene Rubber Market Executive Summary
1.1. Global Polybutadiene Rubber Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Type
1.3.2. By Product
1.3.3. By End Use Industry
1.3.4. By Production Process
1.3.5. By Grade
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Polybutadiene Rubber Market Definition and Research Assumptions