Polybutadiene Rubber Pricing Report

Polybutadiene Rubber Prices December 2023

The price of polybutadiene rubber in the USA for Q4 2023 reached 2030 USD/MT in December. The market experienced robust growth, driven by favorable federal reserve (FED) rates and increased demand from the retail sector. The other core sectors like the automotive, footwear, and construction, witnessed strong demand. However, the accessibility of sufficient inventories from producers is limited by the moderate demand for polybutadiene rubber in the market.

The downtrend factories started to recover by the end of the quarter, providing strong demand support for polybutadiene rubber and several facilities had been shut down with decreased loads in China. The market sentiment turned negative, resulted in a slight decrease in the factory prices of enterprises. At the end of Q4 2023, the price of polybutadiene rubber reached 2073 USD/MT in China.

Due to delays in raw material deliveries caused by the crisis in the Red Sea the four Michelin factories in Spain plant to halt output on the weekend of January. Additionally, geopolitical tensions in the Red Sea had disputed the demand and supply chain across the region. However, sales remained positive throughout the quarter. As a result, the price of polybutadiene rubber reached 1430 USD/MT in Germany.

Polybutadiene Rubber Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Polybutadiene Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of polybutadiene rubber pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polybutadiene rubber price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polybutadiene Rubber Market Analysis

The global polybutadiene rubber market size reached US$ 7.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11.4 Billion, at a projected CAGR of 5.10% during 2023-2032.

• The growing demand for automobiles across the globe is catalyzing the demand for polybutadiene rubber in tire manufacturing.
• Increasing environmental concerns and regulations promoting fuel efficiency are driving the demand for polybutadiene rubber to produce high-performance rubber compounds.
• Polybutadiene rubber is also becoming increasingly popular in the footwear sector for making outsoles and midsoles of shoes due to its excellent abrasion resistance, flexibility, and impact absorption properties, providing comfort and durability. As per IMARC Group’s report, the global footwear market reached US$ 243.6 Billion in 2023 and it is expected to reach US$ 332.3 Billion by 2032.
• The rising number of infrastructure projects, including road construction, transportation networks, and industrial developments is increasing the adoption of polybutadiene rubber in conveyor systems and construction materials.
• Ongoing research and development (R&D) activities to improve the properties of polybutadiene rubber, such as enhancing fuel efficiency, wear resistance, and performance characteristics, is facilitating the growth of the market.
• According to United Nations Industrial Development Organization (UNIDO) report 2023, there was 2.3% growth in industrial sectors across the globe. Rapid industrialization in emerging markets is increasing the employment of polybutadiene rubber in various industries, such as automotive, manufacturing, and construction.
• Polybutadiene rubber production also witnessed a considerable surge due to the widespread investment in the tire manufacturing sector. The IMARC Group’s report shows that the global tire market is expected to reach US$ 256.8 Billion by 2032.
• A positive trend for the market is also being created by the increasing use of polybutadiene rubber in consumer goods, including grips, handles, and protective covers owing to its durability and flexibility.
• The growing adoption of polybutadiene rubber in medical devices and equipment, driven by innovations in healthcare technology and rising healthcare expenditures is bolstering the market growth.
• Other factors influencing the growth of the market are rising number of regulatory measures promoting sustainable materials and eco-friendly practices around the world. This, in turn, is catalyzing the demand for polybutadiene rubber as it reduces emissions and improve product durability.

Polybutadiene Rubber News

The report covers the latest developments, updates, and trends impacting the global polybutadiene rubber market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polybutadiene rubber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the polybutadiene rubber industry:

• In 2022, Evonik Coating & Adhesive Resins business line launched a new range of sustainable liquid polybutadienes with POLYVEST eCO, which has been shown to reduce the use of fossil raw materials by up to 99.9%.
• In 2022, Indian Oil Corp (IOC) planned to set up a 60,000 tons/year polybutadiene rubber (PBR) plant at its naphtha cracker complex at Panipat in northern Haryana state.

Product Description

Polybutadiene rubber is a synthetic rubber polymer that is derived from the polymerization of butadiene, a hydrocarbon molecule containing two-carbon double bonds. It possesses high resilience, excellent abrasion resistance, and low hysteresis, which makes it suitable for various applications, such as tire manufacturing, industrial belts, and footwear. It is valued for its ability to enhance the durability and performance of tires owing to its excellent wear and tear resistance. It maintains flexibility over a wide range of temperatures, ensuring its usability in cold and hot climates without notable loss of performance.

Polybutadiene rubber is widely used in various automotive components, such as seals, hoses, gaskets, and bushing, due to its impact strength and resistance to oils and chemicals. It is also utilized in the production of sporting products like balls and grips owing to its ability to maintain shape under stress. Besides this, it is employed as a base material to produce adhesives and sealants for its adhesive properties, flexibility, and resistance to chemicals and environmental factors.

Regional Coverage

The report provides a detailed analysis of the polybutadiene rubber market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Polybutadiene Rubber Price

The report offers a holistic view of the global polybutadiene rubber pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Polybutadiene Rubber Price

The European region has experienced a decline in polybutadiene rubber prices due to the ongoing weakness in the European tyer and automobile sector, which resulted in sustained low demand throughout the quarter. The European automobile industry is contracting with Michelin's announcement of a gradual termination of production at its Karlsruhe and Trier sites in Germany, including new tire and semi-finished products manufactured in Hamburg, which was linked to boosted competition in budget truck tires and the lack of competitiveness of the German operations for European.

This analysis can be extended to include detailed polybutadiene rubber price information for a comprehensive list of countries.

North America Polybutadiene Rubber Price

In North America, the polybutadiene rubber market has witnessed a decrease in price despite an increase in the price of butadiene. The overall automotive sector has seen robust sales. Some specific segments within the automotive sector experienced a downturn due to expectations of sufficient inventories from key players in the earlier periods. The decline in prices is further influenced by technical indicators reflecting a downward trend, which led buyers to approach with caution, mainly regarding aggressive bidding.

Specific data on polybutadiene rubber prices within the United States and Canada can also be provided.

Middle East and Africa Polybutadiene Rubber Price

The report explores the polybutadiene rubber pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on polybutadiene rubber prices for countries can also be provided.

Asia Pacific Polybutadiene Rubber Price

The reduction in polybutadiene rubber pricing in the Asia Pacific region, especially in China, is primarily attributed to the lower cost of its essential raw material, butadiene. This reduction in feedstock prices is affected by a downturn in the crude oil market and a low in prices from South Korea, one of the significant exporters. Despite the growing demand from downstream users, the main aspects that contributed to the reduction in prices are identified as the discarded effect from China and the downturn in crude oil prices worldwide.

This analysis can be further extended to include detailed polybutadiene rubber prices for a comprehensive list of countries within the region.

Latin America Polybutadiene Rubber Price

The analysis of polybutadiene rubber prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polybutadiene rubber pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polybutadiene rubber price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the polybutadiene rubber industry.