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The global polybutadiene market reached a value of US$ 4.88 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.37 Billion by 2027, exhibiting a CAGR of 4.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Polybutadiene is a synthetic elastomer formed via free radical polymerization of multiple 1,3-butadiene monomers to make a long polymer chain molecule. It has excellent elasticity, resistance to abrasion, and low hysteresis loss, heat buildup, and coefficient of friction and strength properties. As a result, it is used to manufacture high-quality tires around the world. It is also utilized as an additive to improve the toughness or impact resistance of plastics, such as polystyrene, high-impact polystyrene (HIPS), and acrylonitrile butadiene styrene (ABS).
The boosting sales of vehicles across the globe is positively influencing the need for high-performance tires. This represents one of the key factors stimulating the market growth. Moreover, due to the resistance of polybutadiene to low temperatures, it is increasingly being employed in the automobile industry to manufacture belts, gaskets, inner tubes of hoses for sandblasting, and pneumatic and water hoses cover. Apart from this, the flourishing construction industry is driving the demand for polystyrene plastics as an insulated panel system for walls, roofs, and concrete floors in residential and commercial buildings. These plastics are also being utilized in civil engineering projects, road and railway development, and manufacturing pontoons and marinas, which is acting as another major growth-inducing factor. Apart from this, polybutadiene is gaining traction as a substitute for natural rubber (NR) in the production of golf balls cores and various elastic objects and for coating or encapsulating electronic assemblies, which further aids in offering high electrical resistivity. This, along with the increasing focus of major players operating around the world on mergers and acquisitions (M&A) activities, is anticipated to propel the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global polybutadiene market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, type and industry vertical.
Breakup by Product:
Breakup by Type:
Breakup by Industry Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Evonik Industries AG (RAG-Stiftung), JSR Corporation, Kumho Petrochemical Co. Ltd., Kuraray Co. Ltd., Lanxess AG, Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Basic Industries Corporation (Aramco Chemicals Company), Synthomer PLC, Synthos (Ftf Galleon S.A.), UBE Corporation and Versalis (Eni S.p.A.).
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Type, Industry Vertical, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Evonik Industries AG (RAG-Stiftung), JSR Corporation, Kumho Petrochemical Co. Ltd., Kuraray Co. Ltd., Lanxess AG, Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Basic Industries Corporation (Aramco Chemicals Company), Synthomer PLC, Synthos (Ftf Galleon S.A.), UBE Corporation and Versalis (Eni S.p.A.).|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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