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Polybutadiene offers excellent toughness, excellent abrasion resistance, high tensile strength, low rolling resistance, and low glass transition this has resulted into popularity of polybutadiene rubber over other. Surging adoption of polybutadiene across various industries, such as automotive, plastics, and chemical industries is fuelling the growth. But fluctuations in raw material prices may restrain the growth of market.
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Polybutadiene Market is expected to reach USD 14.08 Billion by 2024 from USD 9.75 Billion in 2016 at a CAGR of 5.4%.Polybutadiene offers excellent toughness, excellent abrasion resistance, high tensile strength, low rolling resistance, and low glass transition this has resulted into popularity of polybutadiene rubber over other. Surging adoption of polybutadiene across various industries, such as automotive, plastics, and chemical industries is fuelling the growth. But fluctuations in raw material prices may restrain the growth of market. Global Polybutadiene Market Solid polybutadiene rubber and liquid polybutadiene rubber are type segment of polybutadiene market. Solid polybutadiene rubber segment is widely used owing to its suitability in numerous applications such as tires and plastics. Tire application segment is leading the market due to the high abrasion resistance and high growth of the automotive industry. Geographically, the polybutadiene market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is anticipated to grow at highest CAGR attributed to the increasing demand for polybutadiene from various end-use industries. Europe is expected to grow at a moderate rate during the forecast period due to growth in the automotive industry in this region. North America constitutes saturated market but growth at slow pace is observed. https://www.maximizemarketresearch.com/market-report/polybutadiene-market/3090/ Scope of the report: Polybutadiene Market, by Type: • Solid Polybutadiene Rubber • Liquid Polybutadiene Rubber
Polybutadiene Market, by Application: • Tire • Polymer Modification • Chemical • Industrial Rubber Manufacturing • Others Polybutadiene Market, by Geography: • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Profiled in the Polybutadiene Market: • Kumho Petrochemical Co. Ltd. (South Korea) • JSR Corporation (Japan) • SIBUR (Russia) • LANXESS AG (Germany) • UBE Industries Ltd. (Japan) • Kuraray Co. Ltd. (Japan) • SABIC (Saudi Arabia) • Versalis S.p.A. (Italy) • LG Chem ltd. (South Korea) • Sinopec (China) This Report Is Submitted By @Maximize Market Research Company Customization of the report:
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