Increasing demand for Polybutadiene Rubber in the online retailing business, coupled with high investments in RD of Polybutadiene Rubber, are fueling the market growth.
Polybutadiene Rubber Market Size – USD 11.68 Billion in 2021, Growth - CAGR of 5.1%, Trends –Increase in demand for Polybutadiene Rubber in the green tire manufacturing.
The Global Polybutadiene Rubber Market is forecast to reach USD 18.43 Billion by 2030, according to a new report by Reports and Data. Polybutadiene Rubber or Polybutadiene Rubber rubber (PBR) is one of the most used synthetic elastomers which has quite similar properties like natural rubber or polyisoprene. Polybutadiene Rubber is suitable for end-uses with high exposure to low temperatures. Polybutadiene Rubber is the second-largest synthetic elastomer after styrene-butadiene rubber (SBR) by the volume of consumption globally. High resilience than, high impact resistance, low hysteresis loss, and high abrasion resistance are some of the properties of this elastomer, which are more prominent than the similar natural rubbers. Polybutadiene Rubber has the highest usage in the tire manufacturing industries. High wear tear resistance due to the low coefficient of friction strength properties with superior resistance to low temperatures makes it highly preferable for tire manufacturing, polymer impact modifying, sports accessories, and other industrial rubber applications. The continuous expansion of the automotive automotive tire, industrial rubber, and polymer industries is expected to drive the demand.
Reports and Data's Global Polybutadiene Rubber Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
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Key Companies: Goodyear Tire Rubber Company, Jsr Corporation, Synthos S.A., Reliance Industries Limited, Lyondellbasell Industries N.V., Lg Chem Ltd., Versalis S.P.A., Ube Industries, Ltd., Kumho Petrochemical Co., Ltd., And Mitsubishi Corporation, Among Others.
The Polybutadiene Rubber market investigation report assesses the global market for the Polybutadiene Rubber industry and provides revenue and capability forecasts for the projected period. The factors that drive the industry's growth are highlighted in the report. The report divides the Polybutadiene Rubber market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Further key findings from the report suggest:
- The transition metal catalysts produce a high stereo-regular form of Polybutadiene Rubber with one main polymer chain on the same side of carbon-carbon double bond in the structure. High cis Polybutadiene Rubber typically consists of nearly 94% of cis content which provides higher strength and increases cut growth resistance in the cured product. This high cis Polybutadiene Rubber is projected to get the highest growth of 6.1% due to the higher inclination towards the green tires worldwide.
- Growing penetration of online retailing businesses for chemicals and materials, especially in the emerging nations from Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing sub-segment. The online retailing is expected to gain a market share of 34.1% by 2027.
- Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 4.9% in the forecast period. Netherland and Germany have some of the valuable players in this region.
- North America is forecasted to witness significant growth in the overall market, with 25.7% of market possession by 2027 and CAGR of 5.8% during the forecast period. The US possesses the highest market share in this region and some of the vital player in the market.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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Market Segmentation:
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The global Polybutadiene Rubber market is segmented into:
Type Outlook (Revenue, USD Billion; Volume; Kilo Tons; 2019-2030)
- High CIS Polybutadiene Rubber
- Low CIS Polybutadiene Rubber
- High Vinyl Polybutadiene Rubber
- High Trans Polybutadiene Rubber
- Liquid Polybutadiene Rubber Rubber
Sales Channel Outlook (Revenue, USD Billion; Volume; Kilo Tons; 2019-2030)
- Online Retailing
- Offline Retailing
Application Outlook (Revenue, USD Billion; Volume; Kilo Tons; 2019-2030)
- Tires
- Polymer Modification
- Industrial Rubber Manufacturing
- Chemicals
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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